LAKELAND FINANCIAL CORP LKFN

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

Lakeland Financial Corporation ("Lakeland Financial"), an Indiana corporation incorporated in 1983, is a bank holding company headquartered in Warsaw, Indiana that provides, through its wholly owned subsidiary Lake City Bank (the "Bank") and together with Lakeland Financial (the "Company"), a broad array of financial products and services throughout its Northern and Central Indiana markets. The Company offers commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. The Company serves a diverse customer base, including commercial customers across a wide variety of industries including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care. The Company is not dependent upon any single industry or customer. At December 31, 2025, Lakeland Financial had consolidated total assets of $7.0 billion.

Last close 58.39 2026-10-23
Market cap $1.45B 2026-06-30 share count
52-week range 54.36 - 64.55

Valuation FY2025 figures against the last close

P/S3.9x
P/E14.6x
P/FCF14.0x
EV/EBITDA—
Dividend yield3.5%
Diluted EPS4.01

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $373.7M$373.2M$343.3M$239.6M$193.2M$193.1M$215.2M$199.0M$165.7M$928.0K
Interest expense $221.0M$196.7M$197.0M$202.9M$15.1M$30.1M$60.2M$47.7M$29.8M$20.5M
Pre-tax income $125.6M$111.7M$110.3M$125.2M$117.4M$103.9M$107.4M$98.9M$89.6M$77.2M
Income tax $22.2M$18.2M$16.6M$21.3M$21.7M$19.5M$20.3M$18.5M$32.3M$25.1M
Net income $103.4M$93.5M$93.8M$103.8M$95.7M$84.3M$87.0M$80.4M$57.3M$52.1M
EPS, basic 4.023.643.674.073.763.313.403.182.282.08
EPS, diluted 4.013.633.654.043.743.303.383.132.232.05
Shares, diluted (wtd. avg.) 25.8M25.8M25.7M25.7M25.6M25.6M25.8M25.7M25.7M25.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $141.3M$168.2M$151.8M$130.3M$683.2M$249.9M$99.4M$216.9M$176.2M$167.3M
Property, plant and equipment $65.5M$60.5M$57.9M$58.1M$59.3M$59.3M$60.4M$58.1M$56.5M$52.1M
Goodwill $5.0M$5.0M$5.0M$5.0M$5.0M$5.0M$5.0M$5.0M$5.0M$5.0M
Total assets $6.99B$6.68B$6.52B$6.43B$6.56B$5.83B$4.95B$4.88B$4.68B$4.29B
Short-term debt —————————$230.0M
Long-term debt ——$50.0M$297.0M$75.0M—————
Total liabilities $6.23B$5.99B$5.87B$5.86B$5.85B$5.17B$4.35B$4.35B$4.21B$3.86B
Retained earnings $788.3M$736.4M$692.8M$646.1M$583.1M$529.0M$475.2M$419.2M$363.8M$327.9M
Total equity $762.4M$683.8M$649.8M$568.9M$704.9M$657.2M$598.1M$521.7M$468.7M$427.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $114.9M$102.5M$114.0M$169.3M$113.8M$87.2M$100.0M$105.0M$77.2M$62.2M
Depreciation and amortisation $6.0M$6.0M$6.2M$6.0M$6.1M$6.0M$5.9M$5.7M$5.1M$4.2M
Stock-based compensation $8.6M$4.6M$3.7M$7.8M$7.2M$1.8M$4.2M$5.6M$5.7M$4.2M
Capital expenditure $11.1M$8.6M$6.0M$4.8M$6.2M$5.7M$8.0M$8.0M$9.6M$9.8M
Investing cash flow -$325.4M-$164.2M-$54.9M-$626.5M-$331.5M-$712.0M-$168.7M-$166.4M-$396.1M-$442.4M
Financing cash flow $183.6M$78.1M-$37.5M-$95.8M$651.1M$775.3M-$48.9M$102.2M$327.7M$466.9M
Dividends paid $51.4M$49.3M$47.1M$40.8M$34.6M$30.6M$29.6M$25.3M$21.4M$18.2M
Buybacks $20.4M$592.0K$575.0K$579.0K$559.0K$10.5M$515.0K$463.0K$495.0K$458.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000721994-26-000018.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 100M 200M 300M 400M Revenue, FY2016: 928K Net income, FY2016: 52.1M Revenue, FY2017: 165.7M Net income, FY2017: 57.3M Revenue, FY2018: 199M Net income, FY2018: 80.4M Revenue, FY2019: 215.2M Net income, FY2019: 87M Revenue, FY2020: 193.1M Net income, FY2020: 84.3M Revenue, FY2021: 193.2M Net income, FY2021: 95.7M Revenue, FY2022: 239.6M Net income, FY2022: 103.8M Revenue, FY2023: 343.3M Net income, FY2023: 93.8M Revenue, FY2024: 373.2M Net income, FY2024: 93.5M Revenue, FY2025: 373.7M Net income, FY2025: 103.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $928.0K $165.7M $199.0M $215.2M $193.1M $193.2M $239.6M $343.3M $373.2M $373.7M
Gross profit — — — — — — — — — —
Net income $52.1M $57.3M $80.4M $87.0M $84.3M $95.7M $103.8M $93.8M $93.5M $103.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6022

TickerCompanyMarket capP/ERevenue growth
BNY Bank of New York Mellon Corp $98.57B 19.6x 7.8%
FITB FIFTH THIRD BANCORP $48.05B 15.0x -5.0%
STT STATE STREET CORP $46.10B 17.9x 7.3%
MTB M&T BANK CORP $32.01B 13.0x 7.5%
NTRS NORTHERN TRUST CORP $30.72B 19.2x 6.1%
CFG CITIZENS FINANCIAL GROUP INC/RI $27.44B 16.9x 6.7%
FCNCA FIRST CITIZENS BANCSHARES INC /DE/ $27.41B 14.4x -2.2%
EWBC EAST WEST BANCORP INC $17.97B 13.8x 2.4%