Annual Income Statements for Lakeland Financial
This table shows Lakeland Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Lakeland Financial
This table shows Lakeland Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
29 |
26 |
24 |
15 |
25 |
30 |
23 |
23 |
23 |
24 |
20 |
Consolidated Net Income / (Loss) |
|
29 |
26 |
24 |
15 |
25 |
30 |
23 |
23 |
23 |
24 |
20 |
Net Income / (Loss) Continuing Operations |
|
29 |
26 |
24 |
15 |
25 |
30 |
23 |
23 |
23 |
24 |
20 |
Total Pre-Tax Income |
|
35 |
31 |
28 |
16 |
30 |
36 |
28 |
27 |
28 |
29 |
24 |
Total Revenue |
|
63 |
67 |
62 |
60 |
59 |
66 |
60 |
69 |
61 |
64 |
64 |
Net Interest Income / (Expense) |
|
52 |
57 |
52 |
49 |
48 |
49 |
47 |
48 |
49 |
52 |
53 |
Total Interest Income |
|
63 |
75 |
79 |
84 |
89 |
91 |
91 |
94 |
95 |
93 |
90 |
Investment Securities Interest Income |
|
62 |
75 |
78 |
83 |
87 |
89 |
90 |
92 |
93 |
90 |
89 |
Other Interest Income |
|
0.77 |
0.71 |
0.96 |
1.04 |
1.61 |
2.10 |
1.11 |
1.84 |
1.77 |
2.91 |
1.12 |
Total Interest Expense |
|
10 |
19 |
28 |
36 |
40 |
42 |
44 |
45 |
46 |
42 |
38 |
Deposits Interest Expense |
|
10 |
18 |
25 |
34 |
37 |
42 |
41 |
44 |
46 |
42 |
36 |
Short-Term Borrowings Interest Expense |
|
0.00 |
0.27 |
2.78 |
2.35 |
3.12 |
0.19 |
2.45 |
1.08 |
0.19 |
- |
1.12 |
Total Non-Interest Income |
|
10 |
11 |
10 |
12 |
11 |
17 |
13 |
20 |
12 |
12 |
11 |
Trust Fees by Commissions |
|
0.65 |
0.61 |
0.53 |
0.43 |
0.41 |
0.45 |
0.52 |
0.48 |
0.44 |
0.46 |
0.45 |
Other Service Charges |
|
7.49 |
7.30 |
6.97 |
8.14 |
7.21 |
14 |
8.59 |
7.44 |
7.72 |
7.46 |
7.34 |
Net Realized & Unrealized Capital Gains on Investments |
|
0.00 |
0.02 |
0.02 |
0.00 |
-0.04 |
-0.01 |
-0.05 |
9.01 |
-0.02 |
- |
0.00 |
Investment Banking Income |
|
2.06 |
2.09 |
2.20 |
2.27 |
2.30 |
2.31 |
2.46 |
2.60 |
2.72 |
2.70 |
2.87 |
Other Non-Interest Income |
|
-0.04 |
0.51 |
0.59 |
0.66 |
0.96 |
0.67 |
1.09 |
0.91 |
1.06 |
1.26 |
0.27 |
Provision for Credit Losses |
|
0.00 |
8.96 |
4.35 |
0.80 |
0.40 |
0.30 |
1.52 |
8.48 |
3.06 |
3.69 |
6.80 |
Total Non-Interest Expense |
|
28 |
27 |
29 |
43 |
29 |
29 |
31 |
33 |
30 |
31 |
33 |
Salaries and Employee Benefits |
|
15 |
15 |
16 |
11 |
16 |
16 |
17 |
16 |
16 |
17 |
18 |
Net Occupancy & Equipment Expense |
|
6.08 |
6.32 |
6.46 |
6.58 |
6.33 |
6.63 |
6.99 |
6.85 |
6.94 |
6.85 |
7.63 |
Marketing Expense |
|
1.43 |
1.12 |
1.43 |
1.30 |
1.20 |
0.88 |
1.38 |
1.27 |
1.37 |
0.95 |
1.41 |
Other Operating Expenses |
|
5.74 |
5.30 |
5.48 |
23 |
5.59 |
6.21 |
5.50 |
9.06 |
5.61 |
5.59 |
5.83 |
Income Tax Expense |
|
6.24 |
4.99 |
3.77 |
1.88 |
4.48 |
6.44 |
4.40 |
4.37 |
4.40 |
5.04 |
4.16 |
Basic Earnings per Share |
|
$1.12 |
$1.02 |
$0.95 |
$0.57 |
$0.99 |
$1.16 |
$0.91 |
$0.88 |
$0.91 |
$0.94 |
$0.78 |
Weighted Average Basic Shares Outstanding |
|
25.53M |
25.53M |
25.58M |
25.61M |
25.61M |
25.60M |
25.66M |
25.68M |
25.68M |
25.68M |
25.71M |
Diluted Earnings per Share |
|
$1.11 |
$1.01 |
$0.94 |
$0.57 |
$0.98 |
$1.16 |
$0.91 |
$0.87 |
$0.91 |
$0.94 |
$0.78 |
Weighted Average Diluted Shares Outstanding |
|
25.73M |
25.71M |
25.74M |
25.69M |
25.69M |
25.72M |
25.75M |
25.74M |
25.77M |
25.77M |
25.80M |
Weighted Average Basic & Diluted Shares Outstanding |
|
25.35M |
25.43M |
25.43M |
25.43M |
25.43M |
25.51M |
25.50M |
25.51M |
25.51M |
25.56M |
25.56M |
Annual Cash Flow Statements for Lakeland Financial
This table details how cash moves in and out of Lakeland Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
28 |
-9.96 |
87 |
8.90 |
0.00 |
-118 |
151 |
433 |
-553 |
22 |
16 |
Net Cash From Operating Activities |
|
54 |
56 |
62 |
77 |
105 |
100 |
87 |
114 |
169 |
114 |
102 |
Net Cash From Continuing Operating Activities |
|
54 |
56 |
62 |
77 |
105 |
101 |
87 |
114 |
169 |
114 |
102 |
Net Income / (Loss) Continuing Operations |
|
44 |
46 |
52 |
57 |
80 |
87 |
84 |
96 |
104 |
94 |
93 |
Consolidated Net Income / (Loss) |
|
44 |
46 |
52 |
57 |
80 |
87 |
84 |
96 |
104 |
94 |
93 |
Provision For Loan Losses |
|
0.00 |
0.00 |
1.15 |
3.00 |
6.40 |
3.24 |
15 |
1.08 |
9.38 |
5.85 |
17 |
Depreciation Expense |
|
3.41 |
3.76 |
4.23 |
5.12 |
5.65 |
5.93 |
6.04 |
6.11 |
6.02 |
6.17 |
5.95 |
Amortization Expense |
|
5.95 |
5.02 |
3.46 |
3.71 |
3.68 |
4.48 |
4.77 |
7.24 |
7.10 |
4.92 |
4.80 |
Non-Cash Adjustments to Reconcile Net Income |
|
1.21 |
-1.43 |
-1.09 |
4.71 |
3.65 |
-1.92 |
-9.33 |
5.84 |
13 |
-0.63 |
-9.12 |
Changes in Operating Assets and Liabilities, net |
|
0.01 |
2.07 |
2.37 |
3.37 |
5.18 |
1.80 |
-13 |
-2.22 |
30 |
3.91 |
-9.37 |
Net Cash From Investing Activities |
|
-238 |
-339 |
-442 |
-396 |
-166 |
-169 |
-712 |
-332 |
-627 |
-55 |
-164 |
Net Cash From Continuing Investing Activities |
|
-238 |
-339 |
-442 |
-396 |
-166 |
-169 |
-712 |
-332 |
-627 |
-55 |
-164 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-6.57 |
-9.17 |
-9.83 |
-9.58 |
-7.97 |
-8.00 |
-5.72 |
-6.17 |
-4.82 |
-5.99 |
-8.63 |
Purchase of Investment Securities |
|
-312 |
-417 |
-515 |
-142 |
-229 |
-287 |
-814 |
-479 |
-756 |
-226 |
-232 |
Sale of Property, Leasehold Improvements and Equipment |
|
0.23 |
0.70 |
0.03 |
0.01 |
0.46 |
0.01 |
0.66 |
0.01 |
0.01 |
0.01 |
0.01 |
Sale and/or Maturity of Investments |
|
80 |
86 |
82 |
103 |
70 |
126 |
107 |
154 |
134 |
177 |
76 |
Net Cash From Financing Activities |
|
212 |
273 |
467 |
328 |
102 |
-49 |
775 |
651 |
-96 |
-38 |
78 |
Net Cash From Continuing Financing Activities |
|
212 |
273 |
467 |
328 |
102 |
-49 |
775 |
651 |
-96 |
-38 |
78 |
Net Change in Deposits |
|
327 |
310 |
394 |
- |
35 |
90 |
903 |
699 |
-275 |
260 |
180 |
Issuance of Debt |
|
- |
70 |
180 |
101 |
175 |
-76 |
75 |
-11 |
297 |
28 |
0.00 |
Issuance of Common Equity |
|
0.06 |
- |
0.00 |
0.00 |
0.12 |
0.12 |
0.12 |
0.12 |
0.22 |
0.41 |
0.39 |
Repayment of Debt |
|
-101 |
-91 |
-90 |
-180 |
-80 |
-31 |
-160 |
0.00 |
-75 |
-275 |
-50 |
Repurchase of Common Equity |
|
-0.44 |
-0.46 |
-0.46 |
-0.50 |
-0.46 |
-0.52 |
-11 |
-0.56 |
-0.58 |
-0.58 |
-0.59 |
Payment of Dividends |
|
-14 |
-16 |
-18 |
-21 |
-25 |
-30 |
-31 |
-35 |
-41 |
-47 |
-49 |
Other Financing Activities, Net |
|
- |
0.01 |
0.61 |
429 |
-2.44 |
-2.11 |
-2.14 |
-1.91 |
-1.78 |
-3.14 |
-2.82 |
Cash Interest Paid |
|
15 |
16 |
19 |
29 |
44 |
59 |
36 |
18 |
36 |
129 |
185 |
Cash Income Taxes Paid |
|
21 |
22 |
22 |
29 |
19 |
21 |
19 |
26 |
21 |
14 |
24 |
Quarterly Cash Flow Statements for Lakeland Financial
This table details how cash moves in and out of Lakeland Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
35 |
-75 |
23 |
20 |
-27 |
5.54 |
-4.14 |
-27 |
39 |
8.02 |
67 |
Net Cash From Operating Activities |
|
44 |
34 |
27 |
9.46 |
51 |
27 |
25 |
21 |
18 |
39 |
29 |
Net Cash From Continuing Operating Activities |
|
44 |
34 |
27 |
9.46 |
51 |
27 |
25 |
21 |
18 |
39 |
29 |
Net Income / (Loss) Continuing Operations |
|
29 |
26 |
24 |
15 |
25 |
30 |
23 |
23 |
23 |
24 |
20 |
Consolidated Net Income / (Loss) |
|
29 |
26 |
24 |
15 |
25 |
30 |
23 |
23 |
23 |
24 |
20 |
Provision For Loan Losses |
|
- |
8.96 |
4.35 |
0.80 |
0.40 |
0.30 |
1.52 |
8.48 |
3.06 |
3.69 |
6.80 |
Depreciation Expense |
|
1.47 |
1.53 |
1.54 |
1.53 |
1.51 |
1.59 |
1.53 |
1.48 |
1.46 |
1.48 |
1.48 |
Amortization Expense |
|
1.77 |
1.70 |
1.33 |
1.33 |
1.51 |
0.75 |
1.37 |
1.26 |
1.38 |
0.79 |
1.11 |
Non-Cash Adjustments to Reconcile Net Income |
|
2.82 |
1.22 |
0.57 |
-4.06 |
1.92 |
0.94 |
-1.07 |
-7.65 |
-2.54 |
2.15 |
2.41 |
Changes in Operating Assets and Liabilities, net |
|
9.11 |
-4.89 |
-4.62 |
-4.75 |
20 |
-6.71 |
-1.96 |
-5.11 |
-8.69 |
6.39 |
-2.96 |
Net Cash From Investing Activities |
|
-40 |
-192 |
50 |
-83 |
11 |
-33 |
-62 |
-35 |
-15 |
-52 |
-115 |
Net Cash From Continuing Investing Activities |
|
-40 |
-192 |
50 |
-83 |
11 |
-33 |
-62 |
-35 |
-15 |
-52 |
-115 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-1.36 |
-1.14 |
-2.16 |
-1.67 |
-1.19 |
-0.98 |
-1.54 |
-2.43 |
-2.68 |
-1.99 |
-1.79 |
Purchase of Investment Securities |
|
-65 |
-239 |
-54 |
-114 |
-9.09 |
-49 |
-82 |
-56 |
-30 |
-65 |
-128 |
Sale of Property, Leasehold Improvements and Equipment |
|
0.00 |
0.00 |
0.01 |
0.00 |
- |
- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Sale and/or Maturity of Investments |
|
26 |
47 |
107 |
32 |
21 |
17 |
21 |
23 |
17 |
15 |
15 |
Net Cash From Financing Activities |
|
32 |
83 |
-55 |
93 |
-88 |
12 |
33 |
-12 |
36 |
21 |
153 |
Net Cash From Continuing Financing Activities |
|
32 |
83 |
-55 |
93 |
-88 |
12 |
33 |
-12 |
36 |
21 |
153 |
Net Change in Deposits |
|
43 |
-204 |
57 |
-95 |
234 |
63 |
-102 |
145 |
74 |
64 |
59 |
Issuance of Debt |
|
- |
297 |
- |
- |
-147 |
50 |
- |
- |
-25 |
-30 |
108 |
Issuance of Common Equity |
|
- |
- |
0.41 |
- |
- |
- |
0.39 |
- |
- |
- |
0.38 |
Repurchase of Common Equity |
|
-0.22 |
-0.07 |
-0.20 |
-0.08 |
-0.21 |
-0.08 |
-0.21 |
-0.08 |
-0.22 |
-0.09 |
-0.22 |
Payment of Dividends |
|
-10 |
-10 |
-12 |
-12 |
-12 |
-12 |
-12 |
-12 |
-12 |
-12 |
-13 |
Other Financing Activities, Net |
|
-0.05 |
- |
-3.12 |
- |
- |
-0.01 |
-2.52 |
-0.08 |
- |
-0.22 |
-1.49 |
Cash Interest Paid |
|
9.82 |
18 |
25 |
32 |
34 |
38 |
50 |
45 |
46 |
44 |
38 |
Annual Balance Sheets for Lakeland Financial
This table presents Lakeland Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
3,443 |
3,766 |
4,290 |
4,683 |
4,875 |
4,947 |
5,830 |
6,557 |
6,432 |
6,524 |
6,678 |
Cash and Due from Banks |
|
75 |
67 |
142 |
140 |
192 |
69 |
74 |
52 |
81 |
70 |
72 |
Interest Bearing Deposits at Other Banks |
|
15 |
13 |
25 |
36 |
25 |
31 |
175 |
631 |
49 |
81 |
96 |
Trading Account Securities |
|
476 |
478 |
504 |
538 |
588 |
613 |
746 |
1,406 |
1,314 |
1,183 |
1,125 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
4,638 |
4,845 |
5,032 |
Premises and Equipment, Net |
|
42 |
47 |
52 |
56 |
58 |
60 |
59 |
59 |
58 |
58 |
60 |
Goodwill |
|
4.97 |
4.97 |
4.97 |
4.97 |
4.97 |
4.97 |
4.97 |
4.97 |
4.97 |
4.97 |
4.97 |
Other Assets |
|
2,828 |
3,153 |
3,556 |
3,904 |
4,007 |
4,169 |
4,770 |
4,404 |
287 |
282 |
288 |
Total Liabilities & Shareholders' Equity |
|
3,443 |
3,766 |
4,290 |
4,683 |
4,875 |
4,947 |
5,830 |
6,557 |
6,432 |
6,524 |
6,678 |
Total Liabilities |
|
3,082 |
3,373 |
3,863 |
4,214 |
4,354 |
4,349 |
5,173 |
5,852 |
5,863 |
5,874 |
5,994 |
Non-Interest Bearing Deposits |
|
579 |
715 |
820 |
886 |
947 |
983 |
1,538 |
1,895 |
1,737 |
1,353 |
1,297 |
Interest Bearing Deposits |
|
2,294 |
2,468 |
2,758 |
3,123 |
3,097 |
3,151 |
3,498 |
3,840 |
3,724 |
4,367 |
4,604 |
Accrued Interest Payable |
|
2.95 |
3.77 |
5.68 |
6.31 |
10 |
12 |
5.96 |
2.62 |
3.19 |
21 |
15 |
Long-Term Debt |
|
31 |
31 |
31 |
31 |
31 |
170 |
75 |
75 |
275 |
50 |
0.00 |
Other Long-Term Liabilities |
|
14 |
16 |
18 |
98 |
193 |
33 |
45 |
39 |
103 |
83 |
78 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
361 |
393 |
427 |
469 |
522 |
598 |
657 |
705 |
569 |
650 |
684 |
Total Preferred & Common Equity |
|
361 |
393 |
427 |
469 |
522 |
598 |
657 |
705 |
569 |
650 |
684 |
Total Common Equity |
|
361 |
393 |
427 |
469 |
522 |
598 |
657 |
705 |
569 |
650 |
684 |
Common Stock |
|
96 |
99 |
104 |
109 |
112 |
115 |
115 |
121 |
127 |
128 |
130 |
Retained Earnings |
|
263 |
294 |
328 |
364 |
419 |
475 |
529 |
583 |
646 |
693 |
736 |
Treasury Stock |
|
-2.00 |
-2.46 |
-2.91 |
-3.41 |
-3.76 |
-4.15 |
-15 |
-15 |
-15 |
-16 |
-16 |
Accumulated Other Comprehensive Income / (Loss) |
|
3.83 |
2.14 |
-2.39 |
-0.67 |
-6.19 |
12 |
28 |
16 |
-189 |
-155 |
-167 |
Noncontrolling Interest |
|
0.09 |
0.09 |
0.09 |
0.09 |
0.09 |
0.09 |
0.09 |
0.09 |
0.09 |
0.09 |
0.09 |
Quarterly Balance Sheets for Lakeland Financial
This table presents Lakeland Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
6,288 |
6,412 |
6,510 |
6,427 |
6,567 |
6,569 |
6,645 |
6,851 |
Cash and Due from Banks |
|
76 |
67 |
75 |
68 |
56 |
61 |
87 |
89 |
Interest Bearing Deposits at Other Banks |
|
128 |
86 |
98 |
79 |
92 |
60 |
73 |
146 |
Trading Account Securities |
|
1,321 |
1,237 |
1,192 |
1,106 |
1,146 |
1,124 |
1,151 |
1,134 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
4,790 |
4,799 |
4,924 |
4,972 |
4,998 |
5,131 |
Premises and Equipment, Net |
|
58 |
59 |
59 |
59 |
58 |
59 |
60 |
61 |
Goodwill |
|
4.97 |
4.97 |
4.97 |
4.97 |
4.97 |
4.97 |
4.97 |
4.97 |
Other Assets |
|
4,699 |
4,957 |
290 |
313 |
285 |
288 |
271 |
285 |
Total Liabilities & Shareholders' Equity |
|
6,288 |
6,412 |
6,510 |
6,427 |
6,567 |
6,569 |
6,645 |
6,851 |
Total Liabilities |
|
5,769 |
5,810 |
5,918 |
5,870 |
5,920 |
5,914 |
5,946 |
6,157 |
Non-Interest Bearing Deposits |
|
1,832 |
1,548 |
1,438 |
1,378 |
1,254 |
1,213 |
1,285 |
1,297 |
Interest Bearing Deposits |
|
3,832 |
3,970 |
3,985 |
4,279 |
4,364 |
4,551 |
4,553 |
4,663 |
Accrued Interest Payable |
|
2.20 |
5.43 |
9.83 |
16 |
15 |
15 |
15 |
15 |
Long-Term Debt |
|
0.00 |
200 |
400 |
90 |
200 |
0.00 |
0.00 |
108 |
Other Long-Term Liabilities |
|
103 |
86 |
85 |
106 |
87 |
80 |
64 |
74 |
Total Equity & Noncontrolling Interests |
|
519 |
602 |
592 |
557 |
647 |
655 |
699 |
695 |
Total Preferred & Common Equity |
|
519 |
602 |
592 |
557 |
647 |
655 |
699 |
694 |
Total Common Equity |
|
519 |
602 |
592 |
557 |
647 |
655 |
699 |
694 |
Common Stock |
|
126 |
126 |
123 |
126 |
126 |
127 |
128 |
130 |
Retained Earnings |
|
630 |
659 |
661 |
675 |
703 |
714 |
725 |
744 |
Treasury Stock |
|
-15 |
-15 |
-15 |
-15 |
-15 |
-15 |
-16 |
-16 |
Accumulated Other Comprehensive Income / (Loss) |
|
-222 |
-167 |
-178 |
-228 |
-167 |
-170 |
-138 |
-164 |
Noncontrolling Interest |
|
0.09 |
0.09 |
0.09 |
0.09 |
0.09 |
0.09 |
0.09 |
0.09 |
Annual Metrics And Ratios for Lakeland Financial
This table displays calculated financial ratios and metrics derived from Lakeland Financial's official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
9.23% |
3.82% |
10.14% |
13.60% |
11.42% |
4.42% |
4.90% |
6.17% |
9.85% |
0.88% |
2.69% |
EBITDA Growth |
|
6.72% |
3.21% |
8.89% |
15.97% |
9.96% |
8.78% |
-2.63% |
14.04% |
5.73% |
-12.19% |
0.84% |
EBIT Growth |
|
13.34% |
4.55% |
11.59% |
16.08% |
10.39% |
8.53% |
-3.27% |
13.06% |
6.57% |
-11.85% |
1.23% |
NOPAT Growth |
|
12.79% |
5.85% |
12.33% |
10.07% |
40.26% |
8.25% |
-3.11% |
13.51% |
8.44% |
-9.68% |
-0.31% |
Net Income Growth |
|
12.79% |
5.85% |
12.33% |
10.07% |
40.26% |
8.25% |
-3.11% |
13.51% |
8.44% |
-9.68% |
-0.31% |
EPS Growth |
|
12.79% |
5.85% |
11.41% |
8.78% |
40.36% |
7.99% |
-2.37% |
13.33% |
8.02% |
-9.65% |
-0.55% |
Operating Cash Flow Growth |
|
-13.63% |
2.57% |
11.51% |
24.19% |
35.90% |
-4.70% |
-12.81% |
30.43% |
48.85% |
-32.69% |
-10.09% |
Free Cash Flow Firm Growth |
|
196.04% |
-63.15% |
206.03% |
-104.54% |
560.75% |
-335.26% |
307.61% |
-46.69% |
-69.52% |
1,356.95% |
-57.92% |
Invested Capital Growth |
|
-8.54% |
2.03% |
-9.84% |
12.24% |
10.16% |
22.27% |
-3.31% |
5.01% |
11.02% |
-19.18% |
-2.27% |
Revenue Q/Q Growth |
|
0.83% |
1.67% |
2.80% |
3.14% |
2.56% |
0.17% |
3.19% |
-0.79% |
5.45% |
-0.62% |
-0.87% |
EBITDA Q/Q Growth |
|
0.82% |
1.74% |
2.18% |
3.98% |
3.17% |
1.02% |
2.77% |
0.01% |
0.55% |
3.60% |
-5.35% |
EBIT Q/Q Growth |
|
1.51% |
2.26% |
2.58% |
3.82% |
3.60% |
0.74% |
3.01% |
-0.74% |
0.95% |
4.84% |
-5.77% |
NOPAT Q/Q Growth |
|
1.11% |
2.69% |
2.43% |
-3.20% |
13.78% |
0.97% |
2.92% |
-0.32% |
1.66% |
4.05% |
-5.50% |
Net Income Q/Q Growth |
|
1.11% |
2.69% |
2.43% |
-3.20% |
13.78% |
0.97% |
2.92% |
-0.32% |
1.66% |
4.05% |
-5.50% |
EPS Q/Q Growth |
|
1.11% |
2.69% |
0.99% |
-5.11% |
12.19% |
0.60% |
3.45% |
-0.53% |
1.51% |
4.29% |
-5.71% |
Operating Cash Flow Q/Q Growth |
|
3.72% |
-3.56% |
0.09% |
17.27% |
5.74% |
-1.61% |
-2.46% |
1.73% |
4.05% |
-6.55% |
13.49% |
Free Cash Flow Firm Q/Q Growth |
|
-23.29% |
472.41% |
253.88% |
-123.91% |
5.92% |
-168.07% |
538.45% |
-2.77% |
-94.77% |
786.63% |
133.09% |
Invested Capital Q/Q Growth |
|
24.52% |
13.13% |
-2.02% |
2.31% |
3.52% |
24.82% |
2.82% |
2.86% |
66.77% |
8.13% |
-2.18% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
57.08% |
56.75% |
56.10% |
57.27% |
56.52% |
58.88% |
54.65% |
58.70% |
56.50% |
49.18% |
48.29% |
EBIT Margin |
|
50.01% |
50.36% |
51.02% |
52.13% |
51.65% |
53.68% |
49.50% |
52.71% |
51.14% |
44.69% |
44.05% |
Profit (Net Income) Margin |
|
33.10% |
33.74% |
34.41% |
33.34% |
41.97% |
43.51% |
40.19% |
42.97% |
42.42% |
37.98% |
36.87% |
Tax Burden Percent |
|
66.18% |
67.00% |
67.45% |
63.96% |
81.27% |
81.06% |
81.19% |
81.51% |
82.94% |
84.99% |
83.69% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
33.82% |
33.00% |
32.55% |
36.04% |
18.73% |
18.94% |
18.81% |
18.49% |
17.06% |
15.01% |
16.31% |
Return on Invested Capital (ROIC) |
|
7.58% |
8.31% |
9.72% |
10.63% |
13.42% |
12.47% |
11.16% |
12.58% |
12.62% |
11.98% |
13.51% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
7.58% |
8.31% |
9.72% |
10.63% |
13.42% |
12.47% |
11.16% |
12.58% |
12.62% |
11.98% |
13.51% |
Return on Net Nonoperating Assets (RNNOA) |
|
5.24% |
3.98% |
2.98% |
2.17% |
2.82% |
3.08% |
2.27% |
1.48% |
3.68% |
3.41% |
0.51% |
Return on Equity (ROE) |
|
12.82% |
12.29% |
12.70% |
12.80% |
16.24% |
15.55% |
13.44% |
14.06% |
16.30% |
15.39% |
14.02% |
Cash Return on Invested Capital (CROIC) |
|
16.50% |
6.30% |
20.07% |
-0.90% |
3.75% |
-7.57% |
14.53% |
7.69% |
2.17% |
33.19% |
15.81% |
Operating Return on Assets (OROA) |
|
2.00% |
1.92% |
1.92% |
2.00% |
2.07% |
2.19% |
1.93% |
1.90% |
1.93% |
1.70% |
1.69% |
Return on Assets (ROA) |
|
1.32% |
1.29% |
1.29% |
1.28% |
1.68% |
1.77% |
1.57% |
1.55% |
1.60% |
1.45% |
1.42% |
Return on Common Equity (ROCE) |
|
12.82% |
12.29% |
12.70% |
12.80% |
16.24% |
15.54% |
13.44% |
14.05% |
16.30% |
15.39% |
14.02% |
Return on Equity Simple (ROE_SIMPLE) |
|
12.12% |
11.80% |
12.20% |
12.23% |
15.42% |
14.56% |
12.83% |
13.58% |
18.25% |
14.43% |
13.67% |
Net Operating Profit after Tax (NOPAT) |
|
44 |
46 |
52 |
57 |
80 |
87 |
84 |
96 |
104 |
94 |
93 |
NOPAT Margin |
|
33.10% |
33.74% |
34.41% |
33.34% |
41.97% |
43.51% |
40.19% |
42.97% |
42.42% |
37.98% |
36.87% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
41.48% |
41.56% |
40.47% |
39.26% |
37.99% |
37.16% |
36.21% |
38.63% |
36.20% |
36.43% |
39.18% |
Operating Expenses to Revenue |
|
49.99% |
49.64% |
48.22% |
46.12% |
45.01% |
44.70% |
43.46% |
46.81% |
45.03% |
52.94% |
49.34% |
Earnings before Interest and Taxes (EBIT) |
|
66 |
69 |
77 |
90 |
99 |
107 |
104 |
117 |
125 |
110 |
112 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
76 |
78 |
85 |
98 |
108 |
118 |
115 |
131 |
138 |
121 |
122 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.57 |
1.59 |
2.30 |
2.19 |
1.68 |
1.85 |
1.90 |
2.67 |
3.03 |
2.46 |
2.55 |
Price to Tangible Book Value (P/TBV) |
|
1.59 |
1.61 |
2.32 |
2.22 |
1.69 |
1.87 |
1.92 |
2.69 |
3.06 |
2.48 |
2.56 |
Price to Revenue (P/Rev) |
|
4.29 |
4.56 |
6.48 |
5.98 |
4.57 |
5.54 |
5.96 |
8.44 |
7.05 |
6.47 |
6.87 |
Price to Earnings (P/E) |
|
12.96 |
13.50 |
18.84 |
17.93 |
10.88 |
12.72 |
14.83 |
19.64 |
16.63 |
17.03 |
18.62 |
Dividend Yield |
|
2.39% |
2.51% |
1.86% |
2.08% |
3.18% |
2.68% |
2.47% |
1.83% |
2.35% |
2.93% |
2.81% |
Earnings Yield |
|
7.72% |
7.41% |
5.31% |
5.58% |
9.19% |
7.86% |
6.74% |
5.09% |
6.01% |
5.87% |
5.37% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.21 |
1.27 |
1.76 |
1.67 |
1.22 |
1.53 |
1.46 |
1.63 |
2.19 |
2.14 |
2.30 |
Enterprise Value to Revenue (EV/Rev) |
|
5.05 |
5.21 |
5.91 |
5.55 |
3.99 |
5.89 |
5.18 |
5.71 |
7.73 |
6.06 |
6.20 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
8.84 |
9.18 |
10.54 |
9.68 |
7.06 |
10.00 |
9.48 |
9.72 |
13.69 |
12.32 |
12.84 |
Enterprise Value to EBIT (EV/EBIT) |
|
10.09 |
10.35 |
11.59 |
10.64 |
7.73 |
10.97 |
10.46 |
10.83 |
15.12 |
13.55 |
14.08 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
15.25 |
15.44 |
17.18 |
16.63 |
9.51 |
13.54 |
12.89 |
13.29 |
18.23 |
15.95 |
16.82 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
12.29 |
12.83 |
14.39 |
12.34 |
7.28 |
11.78 |
12.46 |
11.18 |
11.18 |
13.12 |
15.35 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
7.01 |
20.38 |
8.32 |
0.00 |
34.03 |
0.00 |
9.90 |
21.74 |
106.13 |
5.75 |
14.38 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.53 |
0.43 |
0.19 |
0.22 |
0.20 |
0.28 |
0.13 |
0.11 |
0.52 |
0.08 |
0.00 |
Long-Term Debt to Equity |
|
0.09 |
0.08 |
0.07 |
0.07 |
0.06 |
0.28 |
0.11 |
0.11 |
0.48 |
0.08 |
0.00 |
Financial Leverage |
|
0.69 |
0.48 |
0.31 |
0.20 |
0.21 |
0.25 |
0.20 |
0.12 |
0.29 |
0.28 |
0.04 |
Leverage Ratio |
|
9.69 |
9.56 |
9.83 |
10.02 |
9.65 |
8.77 |
8.59 |
9.09 |
10.20 |
10.63 |
9.90 |
Compound Leverage Factor |
|
9.69 |
9.56 |
9.83 |
10.02 |
9.65 |
8.77 |
8.59 |
9.09 |
10.20 |
10.63 |
9.90 |
Debt to Total Capital |
|
34.56% |
30.27% |
15.94% |
17.81% |
16.95% |
22.13% |
11.51% |
9.62% |
34.30% |
7.15% |
0.00% |
Short-Term Debt to Total Capital |
|
28.96% |
24.78% |
9.85% |
12.39% |
12.03% |
0.00% |
1.41% |
0.00% |
2.54% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
5.61% |
5.49% |
6.09% |
5.42% |
4.92% |
22.13% |
10.10% |
9.62% |
31.76% |
7.15% |
0.00% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.02% |
0.02% |
0.02% |
0.02% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
Common Equity to Total Capital |
|
65.42% |
69.71% |
84.04% |
82.17% |
83.04% |
77.86% |
88.48% |
90.37% |
65.69% |
92.84% |
99.99% |
Debt to EBITDA |
|
2.53 |
2.19 |
0.95 |
1.03 |
0.98 |
1.44 |
0.75 |
0.57 |
2.15 |
0.41 |
0.00 |
Net Debt to EBITDA |
|
1.33 |
1.15 |
-1.02 |
-0.76 |
-1.02 |
0.60 |
-1.43 |
-4.65 |
1.21 |
-0.84 |
0.00 |
Long-Term Debt to EBITDA |
|
0.41 |
0.40 |
0.36 |
0.31 |
0.29 |
1.44 |
0.65 |
0.57 |
1.99 |
0.41 |
0.00 |
Debt to NOPAT |
|
4.36 |
3.68 |
1.55 |
1.77 |
1.32 |
1.95 |
1.01 |
0.78 |
2.86 |
0.53 |
0.00 |
Net Debt to NOPAT |
|
2.29 |
1.94 |
-1.66 |
-1.30 |
-1.37 |
0.81 |
-1.95 |
-6.35 |
1.61 |
-1.09 |
0.00 |
Long-Term Debt to NOPAT |
|
0.71 |
0.67 |
0.59 |
0.54 |
0.38 |
1.95 |
0.89 |
0.78 |
2.65 |
0.53 |
0.00 |
Noncontrolling Interest Sharing Ratio |
|
0.03% |
0.02% |
0.02% |
0.02% |
0.02% |
0.02% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
95 |
35 |
108 |
-4.88 |
22 |
-53 |
110 |
59 |
18 |
260 |
109 |
Operating Cash Flow to CapEx |
|
858.69% |
658.88% |
634.88% |
806.96% |
1,398.36% |
1,252.99% |
1,723.53% |
1,847.18% |
3,516.97% |
1,906.67% |
1,188.37% |
Free Cash Flow to Firm to Interest Expense |
|
6.36 |
2.12 |
5.25 |
-0.16 |
0.47 |
-0.88 |
3.65 |
3.87 |
0.49 |
1.78 |
0.62 |
Operating Cash Flow to Interest Expense |
|
3.63 |
3.36 |
3.04 |
2.59 |
2.20 |
1.66 |
2.90 |
7.52 |
4.62 |
0.78 |
0.58 |
Operating Cash Flow Less CapEx to Interest Expense |
|
3.21 |
2.85 |
2.56 |
2.27 |
2.04 |
1.53 |
2.73 |
7.11 |
4.49 |
0.74 |
0.53 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
3.26 |
3.10 |
3.06 |
3.17 |
3.34 |
3.38 |
3.51 |
3.76 |
4.17 |
4.26 |
4.28 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
552 |
563 |
508 |
570 |
628 |
768 |
743 |
780 |
866 |
700 |
684 |
Invested Capital Turnover |
|
0.23 |
0.25 |
0.28 |
0.32 |
0.32 |
0.29 |
0.28 |
0.29 |
0.30 |
0.32 |
0.37 |
Increase / (Decrease) in Invested Capital |
|
-52 |
11 |
-55 |
62 |
58 |
140 |
-25 |
37 |
86 |
-166 |
-16 |
Enterprise Value (EV) |
|
668 |
716 |
895 |
953 |
765 |
1,178 |
1,087 |
1,272 |
1,893 |
1,495 |
1,573 |
Market Capitalization |
|
568 |
626 |
981 |
1,028 |
875 |
1,108 |
1,251 |
1,880 |
1,726 |
1,597 |
1,741 |
Book Value per Share |
|
$21.83 |
$23.61 |
$17.02 |
$18.60 |
$20.62 |
$23.34 |
$25.55 |
$27.86 |
$22.44 |
$25.55 |
$26.81 |
Tangible Book Value per Share |
|
$21.53 |
$23.31 |
$16.83 |
$18.40 |
$20.42 |
$23.14 |
$25.36 |
$27.66 |
$22.24 |
$25.35 |
$26.62 |
Total Capital |
|
552 |
563 |
508 |
570 |
628 |
768 |
743 |
780 |
866 |
700 |
684 |
Total Debt |
|
191 |
171 |
81 |
102 |
106 |
170 |
86 |
75 |
297 |
50 |
0.00 |
Total Long-Term Debt |
|
31 |
31 |
31 |
31 |
31 |
170 |
75 |
75 |
275 |
50 |
0.00 |
Net Debt |
|
100 |
90 |
-86 |
-75 |
-110 |
71 |
-164 |
-608 |
167 |
-102 |
-168 |
Capital Expenditures (CapEx) |
|
6.33 |
8.47 |
9.80 |
9.57 |
7.51 |
7.98 |
5.06 |
6.16 |
4.82 |
5.98 |
8.62 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
191 |
171 |
81 |
102 |
106 |
170 |
86 |
75 |
297 |
50 |
0.00 |
Total Depreciation and Amortization (D&A) |
|
9.36 |
8.78 |
7.69 |
8.83 |
9.33 |
10 |
11 |
13 |
13 |
11 |
11 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.77 |
$1.86 |
$2.08 |
$2.28 |
$3.18 |
$3.40 |
$3.31 |
$3.76 |
$4.07 |
$3.67 |
$3.64 |
Adjusted Weighted Average Basic Shares Outstanding |
|
24.80M |
24.93M |
25.06M |
25.18M |
25.29M |
25.59M |
25.47M |
25.48M |
25.53M |
25.60M |
25.68M |
Adjusted Diluted Earnings per Share |
|
$1.74 |
$1.83 |
$2.05 |
$2.23 |
$3.13 |
$3.38 |
$3.30 |
$3.74 |
$4.04 |
$3.65 |
$3.63 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
25.17M |
25.25M |
25.46M |
25.66M |
25.73M |
25.76M |
25.57M |
25.62M |
25.71M |
25.72M |
25.77M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$3.40 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
24.91M |
25.05M |
25.18M |
25.29M |
25.61M |
25.70M |
25.29M |
25.34M |
25.43M |
25.51M |
25.56M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
44 |
46 |
52 |
57 |
80 |
87 |
84 |
96 |
104 |
94 |
93 |
Normalized NOPAT Margin |
|
33.10% |
33.74% |
34.41% |
33.34% |
41.97% |
43.51% |
40.19% |
42.97% |
42.42% |
37.98% |
36.87% |
Pre Tax Income Margin |
|
50.01% |
50.36% |
51.02% |
52.13% |
51.65% |
53.68% |
49.50% |
52.71% |
51.14% |
44.69% |
44.05% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
4.42 |
4.17 |
3.77 |
3.01 |
2.07 |
1.78 |
3.45 |
7.76 |
3.41 |
0.75 |
0.63 |
NOPAT to Interest Expense |
|
2.92 |
2.79 |
2.54 |
1.92 |
1.69 |
1.45 |
2.80 |
6.33 |
2.83 |
0.64 |
0.53 |
EBIT Less CapEx to Interest Expense |
|
3.99 |
3.66 |
3.29 |
2.69 |
1.92 |
1.65 |
3.28 |
7.35 |
3.28 |
0.71 |
0.58 |
NOPAT Less CapEx to Interest Expense |
|
2.50 |
2.28 |
2.07 |
1.60 |
1.53 |
1.31 |
2.63 |
5.92 |
2.70 |
0.60 |
0.48 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
30.97% |
33.88% |
34.97% |
37.34% |
31.45% |
34.06% |
36.26% |
36.20% |
39.35% |
50.24% |
52.73% |
Augmented Payout Ratio |
|
31.99% |
34.86% |
35.85% |
38.21% |
32.03% |
34.66% |
48.76% |
36.78% |
39.91% |
50.85% |
53.37% |
Quarterly Metrics And Ratios for Lakeland Financial
This table displays calculated financial ratios and metrics derived from Lakeland Financial's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
10.20% |
23.10% |
11.28% |
1.45% |
-5.47% |
-2.30% |
-2.92% |
14.51% |
3.31% |
-3.40% |
6.29% |
EBITDA Growth |
|
13.69% |
2.28% |
-2.10% |
-43.93% |
-13.83% |
12.34% |
-0.65% |
53.27% |
-6.63% |
-18.01% |
-12.65% |
EBIT Growth |
|
17.49% |
3.94% |
-0.47% |
-47.24% |
-14.47% |
16.46% |
-0.88% |
63.25% |
-6.70% |
-18.96% |
-12.82% |
NOPAT Growth |
|
18.27% |
6.98% |
2.69% |
-43.09% |
-11.47% |
14.05% |
-3.61% |
54.33% |
-7.58% |
-18.35% |
-14.17% |
Net Income Growth |
|
18.27% |
6.98% |
2.69% |
-43.09% |
-11.47% |
14.05% |
-3.61% |
54.33% |
-7.58% |
-18.35% |
-14.17% |
EPS Growth |
|
18.09% |
6.32% |
2.17% |
-43.00% |
-11.71% |
14.85% |
-3.19% |
52.63% |
-7.14% |
-18.97% |
-14.29% |
Operating Cash Flow Growth |
|
62.32% |
23.62% |
-42.47% |
-78.23% |
15.75% |
-23.16% |
-9.65% |
121.96% |
-64.40% |
45.96% |
16.66% |
Free Cash Flow Firm Growth |
|
2,377.82% |
-363.75% |
-241.41% |
-292.21% |
-138.40% |
426.18% |
76.93% |
186.67% |
72.10% |
-79.53% |
398.05% |
Invested Capital Growth |
|
-31.52% |
11.02% |
17.23% |
76.49% |
24.65% |
-19.18% |
5.61% |
-34.01% |
8.03% |
-2.27% |
-5.23% |
Revenue Q/Q Growth |
|
5.89% |
7.50% |
-8.20% |
-2.92% |
-1.33% |
11.11% |
-8.78% |
14.50% |
-10.98% |
3.89% |
0.37% |
EBITDA Q/Q Growth |
|
10.12% |
-10.04% |
-9.59% |
-37.40% |
69.23% |
17.28% |
-20.04% |
-3.42% |
3.10% |
2.98% |
-14.81% |
EBIT Q/Q Growth |
|
11.21% |
-10.93% |
-9.41% |
-41.21% |
80.29% |
21.29% |
-22.90% |
-3.17% |
3.03% |
5.36% |
-17.06% |
NOPAT Q/Q Growth |
|
11.11% |
-8.93% |
-6.54% |
-39.82% |
72.83% |
17.32% |
-21.01% |
-3.64% |
3.50% |
3.65% |
-16.97% |
Net Income Q/Q Growth |
|
11.11% |
-8.93% |
-6.54% |
-39.82% |
72.83% |
17.32% |
-21.01% |
-3.64% |
3.50% |
3.65% |
-16.97% |
EPS Q/Q Growth |
|
11.00% |
-9.01% |
-6.93% |
-39.36% |
71.93% |
18.37% |
-21.55% |
-4.40% |
4.60% |
3.30% |
-17.02% |
Operating Cash Flow Q/Q Growth |
|
0.54% |
-21.05% |
-20.44% |
-65.52% |
434.46% |
-47.59% |
-6.46% |
-15.29% |
-14.29% |
114.92% |
-25.24% |
Free Cash Flow Firm Q/Q Growth |
|
23.80% |
-122.43% |
-56.03% |
-343.60% |
75.27% |
290.55% |
-111.04% |
1,766.30% |
-107.96% |
239.82% |
60.67% |
Invested Capital Q/Q Growth |
|
-7.62% |
66.77% |
-7.38% |
23.69% |
-34.76% |
8.13% |
21.04% |
-22.72% |
6.81% |
-2.18% |
17.37% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
60.66% |
50.76% |
49.99% |
32.24% |
55.29% |
58.36% |
51.16% |
43.15% |
49.97% |
49.53% |
42.04% |
EBIT Margin |
|
55.48% |
45.97% |
45.36% |
27.47% |
50.20% |
54.80% |
46.32% |
39.17% |
45.33% |
45.97% |
37.99% |
Profit (Net Income) Margin |
|
45.53% |
38.57% |
39.26% |
24.34% |
42.64% |
45.02% |
38.98% |
32.81% |
38.14% |
38.05% |
31.48% |
Tax Burden Percent |
|
82.06% |
83.89% |
86.56% |
88.60% |
84.93% |
82.15% |
84.17% |
83.76% |
84.14% |
82.77% |
82.86% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
17.94% |
16.11% |
13.44% |
11.40% |
15.07% |
17.85% |
15.83% |
16.24% |
15.86% |
17.23% |
17.14% |
Return on Invested Capital (ROIC) |
|
16.54% |
11.47% |
13.26% |
7.89% |
18.16% |
14.20% |
11.59% |
10.11% |
14.49% |
13.94% |
9.82% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
16.54% |
11.47% |
13.26% |
7.89% |
18.16% |
14.20% |
11.59% |
10.11% |
14.49% |
13.94% |
9.82% |
Return on Net Nonoperating Assets (RNNOA) |
|
1.03% |
3.35% |
3.01% |
2.73% |
1.52% |
4.04% |
3.71% |
3.25% |
1.04% |
0.52% |
2.26% |
Return on Equity (ROE) |
|
17.58% |
14.82% |
16.28% |
10.62% |
19.68% |
18.24% |
15.30% |
13.36% |
15.53% |
14.47% |
12.08% |
Cash Return on Invested Capital (CROIC) |
|
53.41% |
2.17% |
-1.81% |
-43.31% |
-6.49% |
33.19% |
5.81% |
53.23% |
6.97% |
15.81% |
16.30% |
Operating Return on Assets (OROA) |
|
2.06% |
1.73% |
1.75% |
1.08% |
1.96% |
2.09% |
1.75% |
1.52% |
1.77% |
1.77% |
1.46% |
Return on Assets (ROA) |
|
1.69% |
1.45% |
1.52% |
0.96% |
1.67% |
1.72% |
1.47% |
1.27% |
1.49% |
1.46% |
1.21% |
Return on Common Equity (ROCE) |
|
17.57% |
14.82% |
16.27% |
10.62% |
19.68% |
18.24% |
15.30% |
13.36% |
15.53% |
14.46% |
12.07% |
Return on Equity Simple (ROE_SIMPLE) |
|
19.67% |
0.00% |
17.35% |
15.78% |
16.18% |
0.00% |
14.36% |
15.41% |
14.15% |
0.00% |
12.98% |
Net Operating Profit after Tax (NOPAT) |
|
29 |
26 |
24 |
15 |
25 |
30 |
23 |
23 |
23 |
24 |
20 |
NOPAT Margin |
|
45.53% |
38.57% |
39.26% |
24.34% |
42.64% |
45.02% |
38.98% |
32.81% |
38.14% |
38.05% |
31.48% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
35.36% |
32.86% |
38.74% |
32.08% |
39.68% |
35.31% |
41.99% |
35.32% |
40.51% |
39.43% |
42.22% |
Operating Expenses to Revenue |
|
44.52% |
40.73% |
47.60% |
71.19% |
49.13% |
44.74% |
51.15% |
48.49% |
49.67% |
48.22% |
51.35% |
Earnings before Interest and Taxes (EBIT) |
|
35 |
31 |
28 |
16 |
30 |
36 |
28 |
27 |
28 |
29 |
24 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
38 |
34 |
31 |
19 |
33 |
38 |
31 |
30 |
31 |
31 |
27 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
3.35 |
3.03 |
2.52 |
2.00 |
2.08 |
2.46 |
2.57 |
2.38 |
2.36 |
2.55 |
2.17 |
Price to Tangible Book Value (P/TBV) |
|
3.38 |
3.06 |
2.54 |
2.02 |
2.10 |
2.48 |
2.59 |
2.40 |
2.38 |
2.56 |
2.18 |
Price to Revenue (P/Rev) |
|
7.49 |
7.05 |
6.05 |
4.71 |
4.67 |
6.47 |
6.78 |
6.14 |
6.45 |
6.87 |
5.85 |
Price to Earnings (P/E) |
|
17.03 |
16.63 |
14.53 |
12.69 |
12.88 |
17.03 |
17.89 |
15.45 |
16.67 |
18.62 |
16.69 |
Dividend Yield |
|
2.25% |
2.35% |
2.78% |
3.69% |
3.90% |
2.93% |
2.85% |
3.08% |
2.94% |
2.81% |
3.29% |
Earnings Yield |
|
5.87% |
6.01% |
6.88% |
7.88% |
7.76% |
5.87% |
5.59% |
6.47% |
6.00% |
5.37% |
5.99% |
Enterprise Value to Invested Capital (EV/IC) |
|
2.96 |
2.19 |
1.95 |
1.42 |
1.71 |
2.14 |
2.02 |
2.20 |
2.13 |
2.30 |
1.72 |
Enterprise Value to Revenue (EV/Rev) |
|
6.61 |
7.73 |
6.23 |
5.61 |
4.45 |
6.06 |
7.00 |
5.66 |
5.82 |
6.20 |
5.36 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
11.16 |
13.69 |
11.37 |
11.53 |
9.43 |
12.32 |
14.15 |
10.93 |
11.51 |
12.84 |
11.63 |
Enterprise Value to EBIT (EV/EBIT) |
|
12.37 |
15.12 |
12.51 |
12.81 |
10.50 |
13.55 |
15.58 |
11.92 |
12.56 |
14.08 |
12.75 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
15.02 |
18.23 |
14.98 |
15.12 |
12.26 |
15.95 |
18.46 |
14.25 |
15.05 |
16.82 |
15.29 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
9.43 |
11.18 |
10.50 |
12.27 |
9.06 |
13.12 |
15.40 |
11.70 |
16.49 |
15.35 |
12.93 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
4.50 |
106.13 |
0.00 |
0.00 |
0.00 |
5.75 |
35.81 |
3.28 |
31.73 |
14.38 |
10.25 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.00 |
0.52 |
0.33 |
0.68 |
0.16 |
0.08 |
0.31 |
0.00 |
0.00 |
0.00 |
0.16 |
Long-Term Debt to Equity |
|
0.00 |
0.48 |
0.33 |
0.68 |
0.16 |
0.08 |
0.31 |
0.00 |
0.00 |
0.00 |
0.16 |
Financial Leverage |
|
0.06 |
0.29 |
0.23 |
0.35 |
0.08 |
0.28 |
0.32 |
0.32 |
0.07 |
0.04 |
0.23 |
Leverage Ratio |
|
10.41 |
10.20 |
10.72 |
11.07 |
11.81 |
10.63 |
10.39 |
10.49 |
10.40 |
9.90 |
10.00 |
Compound Leverage Factor |
|
10.41 |
10.20 |
10.72 |
11.07 |
11.81 |
10.63 |
10.39 |
10.49 |
10.40 |
9.90 |
10.00 |
Debt to Total Capital |
|
0.00% |
34.30% |
24.94% |
40.32% |
13.91% |
7.15% |
23.61% |
0.00% |
0.00% |
0.00% |
13.48% |
Short-Term Debt to Total Capital |
|
0.00% |
2.54% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
0.00% |
31.76% |
24.94% |
40.32% |
13.91% |
7.15% |
23.61% |
0.00% |
0.00% |
0.00% |
13.48% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.02% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
Common Equity to Total Capital |
|
99.98% |
65.69% |
75.05% |
59.67% |
86.08% |
92.84% |
76.38% |
99.99% |
99.99% |
99.99% |
86.51% |
Debt to EBITDA |
|
0.00 |
2.15 |
1.45 |
3.27 |
0.77 |
0.41 |
1.65 |
0.00 |
0.00 |
0.00 |
0.91 |
Net Debt to EBITDA |
|
0.00 |
1.21 |
0.34 |
1.85 |
-0.48 |
-0.84 |
0.43 |
0.00 |
0.00 |
0.00 |
-1.07 |
Long-Term Debt to EBITDA |
|
0.00 |
1.99 |
1.45 |
3.27 |
0.77 |
0.41 |
1.65 |
0.00 |
0.00 |
0.00 |
0.91 |
Debt to NOPAT |
|
0.00 |
2.86 |
1.91 |
4.28 |
1.00 |
0.53 |
2.15 |
0.00 |
0.00 |
0.00 |
1.20 |
Net Debt to NOPAT |
|
0.00 |
1.61 |
0.45 |
2.43 |
-0.62 |
-1.09 |
0.56 |
0.00 |
0.00 |
0.00 |
-1.41 |
Long-Term Debt to NOPAT |
|
0.00 |
2.65 |
1.91 |
4.28 |
1.00 |
0.53 |
2.15 |
0.00 |
0.00 |
0.00 |
1.20 |
Noncontrolling Interest Sharing Ratio |
|
0.01% |
0.01% |
0.01% |
0.02% |
0.02% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
268 |
-60 |
-94 |
-415 |
-103 |
196 |
-22 |
360 |
-29 |
40 |
64 |
Operating Cash Flow to CapEx |
|
3,210.21% |
3,022.96% |
1,279.99% |
567.95% |
4,260.40% |
2,701.83% |
1,612.09% |
867.13% |
672.43% |
1,947.06% |
1,618.58% |
Free Cash Flow to Firm to Interest Expense |
|
26.58 |
-3.24 |
-3.38 |
-11.55 |
-2.55 |
4.62 |
-0.50 |
7.92 |
-0.63 |
0.96 |
1.71 |
Operating Cash Flow to Interest Expense |
|
4.34 |
1.86 |
0.99 |
0.26 |
1.26 |
0.63 |
0.57 |
0.46 |
0.39 |
0.93 |
0.77 |
Operating Cash Flow Less CapEx to Interest Expense |
|
4.21 |
1.80 |
0.91 |
0.22 |
1.23 |
0.60 |
0.53 |
0.41 |
0.34 |
0.88 |
0.72 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
3.92 |
4.17 |
4.27 |
4.29 |
4.25 |
4.26 |
4.20 |
4.32 |
4.32 |
4.28 |
4.34 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
519 |
866 |
802 |
992 |
647 |
700 |
847 |
655 |
699 |
684 |
803 |
Invested Capital Turnover |
|
0.36 |
0.30 |
0.34 |
0.32 |
0.43 |
0.32 |
0.30 |
0.31 |
0.38 |
0.37 |
0.31 |
Increase / (Decrease) in Invested Capital |
|
-239 |
86 |
118 |
430 |
128 |
-166 |
45 |
-337 |
52 |
-16 |
-44 |
Enterprise Value (EV) |
|
1,534 |
1,893 |
1,565 |
1,413 |
1,105 |
1,495 |
1,715 |
1,437 |
1,489 |
1,573 |
1,378 |
Market Capitalization |
|
1,739 |
1,726 |
1,518 |
1,186 |
1,161 |
1,597 |
1,662 |
1,558 |
1,649 |
1,741 |
1,505 |
Book Value per Share |
|
$20.48 |
$22.44 |
$23.67 |
$23.28 |
$21.90 |
$25.55 |
$25.21 |
$25.66 |
$27.41 |
$26.81 |
$27.17 |
Tangible Book Value per Share |
|
$20.28 |
$22.24 |
$23.48 |
$23.08 |
$21.71 |
$25.35 |
$25.02 |
$25.47 |
$27.21 |
$26.62 |
$26.98 |
Total Capital |
|
519 |
866 |
802 |
992 |
647 |
700 |
847 |
655 |
699 |
684 |
803 |
Total Debt |
|
0.00 |
297 |
200 |
400 |
90 |
50 |
200 |
0.00 |
0.00 |
0.00 |
108 |
Total Long-Term Debt |
|
0.00 |
275 |
200 |
400 |
90 |
50 |
200 |
0.00 |
0.00 |
0.00 |
108 |
Net Debt |
|
-205 |
167 |
46 |
227 |
-56 |
-102 |
52 |
-121 |
-160 |
-168 |
-127 |
Capital Expenditures (CapEx) |
|
1.36 |
1.14 |
2.14 |
1.67 |
1.19 |
0.98 |
1.54 |
2.42 |
2.68 |
1.99 |
1.79 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
0.00 |
297 |
200 |
400 |
90 |
50 |
200 |
0.00 |
0.00 |
0.00 |
108 |
Total Depreciation and Amortization (D&A) |
|
3.24 |
3.23 |
2.86 |
2.86 |
3.02 |
2.35 |
2.91 |
2.74 |
2.84 |
2.26 |
2.59 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.12 |
$1.02 |
$0.95 |
$0.57 |
$0.99 |
$1.16 |
$0.91 |
$0.88 |
$0.91 |
$0.94 |
$0.78 |
Adjusted Weighted Average Basic Shares Outstanding |
|
25.53M |
25.53M |
25.58M |
25.61M |
25.61M |
25.60M |
25.66M |
25.68M |
25.68M |
25.68M |
25.71M |
Adjusted Diluted Earnings per Share |
|
$1.11 |
$1.01 |
$0.94 |
$0.57 |
$0.98 |
$1.16 |
$0.91 |
$0.87 |
$0.91 |
$0.94 |
$0.78 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
25.73M |
25.71M |
25.74M |
25.69M |
25.69M |
25.72M |
25.75M |
25.74M |
25.77M |
25.77M |
25.80M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
25.35M |
25.43M |
25.43M |
25.43M |
25.43M |
25.51M |
25.50M |
25.51M |
25.51M |
25.56M |
25.56M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
29 |
26 |
24 |
15 |
25 |
30 |
23 |
23 |
23 |
24 |
20 |
Normalized NOPAT Margin |
|
45.53% |
38.57% |
39.26% |
24.34% |
42.64% |
45.02% |
38.98% |
32.81% |
38.14% |
38.05% |
31.48% |
Pre Tax Income Margin |
|
55.48% |
45.97% |
45.36% |
27.47% |
50.20% |
54.80% |
46.32% |
39.17% |
45.33% |
45.97% |
37.99% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
3.45 |
1.67 |
1.01 |
0.46 |
0.74 |
0.85 |
0.64 |
0.59 |
0.61 |
0.70 |
0.65 |
NOPAT to Interest Expense |
|
2.83 |
1.40 |
0.88 |
0.41 |
0.63 |
0.70 |
0.54 |
0.50 |
0.51 |
0.58 |
0.53 |
EBIT Less CapEx to Interest Expense |
|
3.32 |
1.61 |
0.94 |
0.41 |
0.71 |
0.83 |
0.60 |
0.54 |
0.55 |
0.65 |
0.60 |
NOPAT Less CapEx to Interest Expense |
|
2.70 |
1.34 |
0.80 |
0.36 |
0.60 |
0.68 |
0.50 |
0.44 |
0.45 |
0.53 |
0.49 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
38.49% |
39.35% |
40.59% |
47.08% |
50.53% |
50.24% |
51.30% |
47.81% |
49.28% |
52.73% |
55.28% |
Augmented Payout Ratio |
|
39.04% |
39.91% |
41.14% |
47.70% |
51.16% |
50.85% |
51.93% |
48.38% |
49.88% |
53.37% |
55.94% |
Key Financial Trends
Lakeland Financial Corp (LKFN) has shown a generally positive financial trajectory over the last four years based on key income statement, cash flow, and balance sheet data through Q1 2025.
- Consistent net interest income growth is observed, rising from approximately $47.5 million in Q1 2024 to $52.9 million in Q1 2025, indicating strong core banking operations.
- Net income attributable to common shareholders remains solid and stable, with Q1 2025 reporting $20.1 million and modest fluctuations in prior quarters, reflecting profitability stability.
- Return on equity is supported by steady growth in retained earnings, which increased from $647 million in Q1 2023 to $744 million in Q1 2025, reinforcing capital strength.
- Total assets have increased steadily from $6.29 billion in Q3 2022 to $6.85 billion in Q1 2025, suggesting growth and expansion of the company’s loan and investment portfolio.
- Loan portfolio (Loans and Leases, Net of Allowance) shows consistent expansion, reaching over $5.13 billion in Q1 2025 compared to $4.79 billion in Q2 2023, supporting revenue growth potential.
- Strong operating cash flows with net cash from continuing operating activities rising to $28.9 million in Q1 2025, signaling good cash generation and operational efficiency.
- Provision for credit losses fluctuates over quarters, peaking at $8.5 million in Q2 2024 and dropping to $6.8 million in Q1 2025, which suggests some variability in loan loss expectations but no clear negative trend.
- Non-interest income varies significantly quarter-to-quarter, with investment banking income and service charges contributing meaningfully to total non-interest income, supporting fee diversification.
- Total non-interest expense has increased over time, from about $27.4 million in Q4 2022 to $32.8 million in Q1 2025, which could pressure margins if revenues do not keep pace.
- Interest expense also rose, partially offsetting gains in interest income, which may reflect higher market rates or increased borrowings impacting net interest margin.
Overall, Lakeland Financial Corp displays solid growth in assets, loans, earnings, and cash flows, indicating strong operational execution. The company manages credit provisions prudently, though continued attention to expense management and interest cost will be important to sustain profitability. Investors should watch trends in non-interest expenses and provision for credit losses as potential risks, but the firm’s growing asset base and stable net income portray a positive outlook.
08/10/25 01:23 AMAI Generated. May Contain Errors.