Lakeland Financial (LKFN) Financials

$68.45 -0.28 (-0.41%)

Closing price 08/29/2025 04:00 PM Eastern

Extended Trading

$68.44 -0.01 (-0.01%)

As of 08/29/2025 04:20 PM Eastern

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.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	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
Net Income / (Loss) Continuing Operations	44	46	52	57	80	87	84	96	104	94	93
Total Pre-Tax Income	66	69	77	90	99	107	104	117	125	110	112
Total Revenue	132	137	151	172	192	200	210	223	245	247	254
Net Interest Income / (Expense)	102	106	118	136	151	155	163	178	203	197	197
Total Interest Income	117	123	139	166	199	215	193	193	240	343	373
Investment Securities Interest Income	117	122	139	165	198	214	193	193	237	338	366
Other Interest Income	0.04	0.06	0.35	0.35	0.91	1.49	0.37	0.55	2.21	5.70	7.63
Total Interest Expense	15	17	20	30	48	60	30	15	37	146	176
Deposits Interest Expense	14	15	19	27	45	57	29	15	36	138	173
Short-Term Borrowings Interest Expense	0.39	0.19	0.35	1.45	1.14	1.31	0.51	0.01	0.27	8.44	3.72
Long-Term Debt Interest Expense	1.03	1.01	1.17	1.33	1.64	1.70	0.25	0.30	0.13	0.00	0.00
Total Non-Interest Income	30	31	33	36	40	45	47	45	42	50	57
Trust Fees by Commissions	7.44	6.04	1.01	1.27	1.46	1.69	1.67	1.98	2.32	1.82	1.89
Other Service Charges	21	24	26	27	31	34	35	29	30	36	31
Net Realized & Unrealized Capital Gains on Investments	-0.22	0.04	-	0.03	-0.05	0.14	0.43	0.80	0.02	-0.03	8.95
Investment Banking Income	-	-	4.81	5.48	6.34	6.84	7.47	8.75	8.64	9.08	10
Other Non-Interest Income	1.39	1.34	1.46	1.77	1.24	1.89	2.11	3.89	1.07	2.88	4.33
Provision for Credit Losses	0.00	0.00	1.15	3.00	6.40	3.24	15	1.08	9.38	5.85	17
Total Non-Interest Expense	66	68	73	79	86	89	91	104	110	131	125
Salaries and Employee Benefits	39	39	42	45	48	49	49	58	59	59	67
Net Occupancy & Equipment Expense	13	15	16	17	20	21	23	24	25	26	28
Marketing Expense	3.07	3.17	3.33	4.74	5.07	4.37	3.09	4.26	5.20	4.81	4.97
Other Operating Expenses	11	11	12	12	13	15	15	18	22	41	26
Income Tax Expense	22	23	25	32	19	20	20	22	21	17	18
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
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
Diluted Earnings per Share	$1.74	$1.84	$2.05	$2.23	$3.13	$3.38	$3.30	$3.74	$4.04	$3.65	$3.63
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
Weighted Average Basic & Diluted Shares Outstanding	16.50M	24.90M	25M	25.10M	25.30M	25.60M	25.29M	25.34M	25.43M	25.51M	25.56M
Cash Dividends to Common per Share	$0.55	$0.63	$0.73	$0.85	$1.00	$1.16	$1.20	$1.36	$1.60	$1.84	$1.92

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
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

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
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
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

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
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
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

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
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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%

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
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 (NASDAQ:LKFN) has demonstrated consistent performance over the last four years through Q1 2025, showing steady growth in key financial metrics with some fluctuations in expenses and capital activities.

Revenue and Profitability:

Net interest income has generally increased from around $47 million in Q1 2024 to approximately $52.9 million in Q1 2025, reflecting growing core banking income.
Non-interest income remains stable, contributing about $10.9 million in Q1 2025, supporting diversified revenue streams beyond interest.
The provision for credit losses rose to $6.8 million in Q1 2025 from $1.52 million in Q1 2024, indicating a more cautious approach towards credit risk or potential credit quality deterioration.
Net income attributable to common shareholders was $20.1 million in Q1 2025, down from $23.4 million in Q1 2024, showing some pressure on net profitability despite revenue growth.
Earnings per share (diluted) held steady at $0.78 in Q1 2025 compared to $0.91 in Q1 2024, with share counts stable, supporting consistent returns to shareholders.

Expenses and Cost Management:

Salaries and employee benefits increased from $16.8 million in Q1 2024 to $17.9 million in Q1 2025, indicating rising labor costs.
Other operating expenses also rose to $5.83 million in Q1 2025 from $5.5 million in Q1 2024, contributing to overall higher non-interest expenses.
Total non-interest expenses were $32.8 million in Q1 2025, slightly higher than the prior year's $30.7 million, suggesting moderate expense growth aligned with business operations.

Balance Sheet and Capital Position:

Total assets increased to $6.85 billion in Q1 2025 from $6.57 billion at Q1 2024, driven mainly by growth in loans and leases net of allowance, which rose from $4.92 billion to $5.13 billion, pointing to loan portfolio expansion.
Deposits grew from roughly $4.8 billion in Q1 2024 to $5.95 billion in Q1 2025, indicating solid deposit gathering and customer trust.
Long-term debt stands at $108 million in Q1 2025, a modest level supporting the company's capital structure without excessive leverage.
Total equity increased to $694 million in Q1 2025 from $602 million in Q1 2024, reflecting retained earnings accumulation and strong capital base.

Cash Flow and Liquidity:

Cash flow from operating activities was $28.9 million in Q1 2025, showing strong cash generation capacity.
Investing activities used $115.15 million net in Q1 2025, largely due to ongoing investment in securities; however, this also reflects active portfolio management.
Financing activities contributed positive net cash of $153.2 million in Q1 2025, including notable issuance of debt and growth in deposits, supporting liquidity and funding needs.
Overall, cash and equivalents increased by $67 million during Q1 2025, reinforcing a healthy liquidity position.
Dividend payments remain steady at around $12.8 million, supporting shareholder returns with cautious payout policy.

Summary:

Over the last four years, Lakeland Financial has shown steady growth in loans, deposits, and equity, driving its core revenue up. The company maintains a strong capital base and liquidity position. While net income saw some recent pressure partially due to higher credit loss provisions and expenses, earnings per share have remained resilient thanks to stable share counts. The increased provision for credit losses is a key factor to monitor for potential impact on future profitability. Overall, the company’s financial health and growth trajectory appear solid, with balanced income streams and prudent financial management.

08/31/25 06:06 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Lakeland Financial's Financials

When does Lakeland Financial's fiscal year end?

According to the most recent income statement we have on file, Lakeland Financial's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Lakeland Financial's net income changed over the last 10 years?

Lakeland Financial's net income appears to be on an upward trend, with a most recent value of $93.48 million in 2024, rising from $43.81 million in 2014. The previous period was $93.77 million in 2023. View Lakeland Financial's forecast to see where analysts expect Lakeland Financial to go next.

How has Lakeland Financial's revenue changed over the last 10 years?

Over the last 10 years, Lakeland Financial's total revenue changed from $132.36 million in 2014 to $253.52 million in 2024, a change of 91.5%.

How much debt does Lakeland Financial have?

Lakeland Financial's total liabilities were at $5.99 billion at the end of 2024, a 2.0% increase from 2023, and a 94.5% increase since 2014.

How much cash does Lakeland Financial have?

In the past 10 years, Lakeland Financial's cash and equivalents has ranged from $51.83 million in 2021 to $192.29 million in 2018, and is currently $71.73 million as of their latest financial filing in 2024.

How has Lakeland Financial's book value per share changed over the last 10 years?

Over the last 10 years, Lakeland Financial's book value per share changed from 21.83 in 2014 to 26.81 in 2024, a change of 22.8%.

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This page (NASDAQ:LKFN) was last updated on 8/31/2025 by MarketBeat.com Staff

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Lakeland Financial (LKFN) Financials

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Lakeland Financial (LKFN) Financials

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