Lakeland Financial (LKFN) Financials

$59.68 -1.64 (-2.67%)

Closing price 04:00 PM Eastern

Extended Trading

$59.68 -0.01 (-0.01%)

As of 04:04 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	93	94	104	96	84	87	80	57	52	46	44
Consolidated Net Income / (Loss)	93	94	104	96	84	87	80	57	52	46	44
Net Income / (Loss) Continuing Operations	93	94	104	96	84	87	80	57	52	46	44
Total Pre-Tax Income	112	110	125	117	104	107	99	90	77	69	66
Total Revenue	254	247	245	223	210	200	192	172	151	137	132
Net Interest Income / (Expense)	197	197	203	178	163	155	151	136	118	106	102
Total Interest Income	373	343	240	193	193	215	199	166	139	123	117
Investment Securities Interest Income	366	338	237	193	193	214	198	165	139	122	117
Other Interest Income	7.63	5.70	2.21	0.55	0.37	1.49	0.91	0.35	0.35	0.06	0.04
Total Interest Expense	176	146	37	15	30	60	48	30	20	17	15
Deposits Interest Expense	173	138	36	15	29	57	45	27	19	15	14
Short-Term Borrowings Interest Expense	3.72	8.44	0.27	0.01	0.51	1.31	1.14	1.45	0.35	0.19	0.39
Long-Term Debt Interest Expense	0.00	0.00	0.13	0.30	0.25	1.70	1.64	1.33	1.17	1.01	1.03
Total Non-Interest Income	57	50	42	45	47	45	40	36	33	31	30
Trust Fees by Commissions	1.89	1.82	2.32	1.98	1.67	1.69	1.46	1.27	1.01	6.04	7.44
Other Service Charges	31	36	30	29	35	34	31	27	26	24	21
Net Realized & Unrealized Capital Gains on Investments	8.95	-0.03	0.02	0.80	0.43	0.14	-0.05	0.03	-	0.04	-0.22
Investment Banking Income	10	9.08	8.64	8.75	7.47	6.84	6.34	5.48	4.81	-	-
Other Non-Interest Income	4.33	2.88	1.07	3.89	2.11	1.89	1.24	1.77	1.46	1.34	1.39
Provision for Credit Losses	17	5.85	9.38	1.08	15	3.24	6.40	3.00	1.15	0.00	0.00
Total Non-Interest Expense	125	131	110	104	91	89	86	79	73	68	66
Salaries and Employee Benefits	67	59	59	58	49	49	48	45	42	39	39
Net Occupancy & Equipment Expense	28	26	25	24	23	21	20	17	16	15	13
Marketing Expense	4.97	4.81	5.20	4.26	3.09	4.37	5.07	4.74	3.33	3.17	3.07
Other Operating Expenses	26	41	22	18	15	15	13	12	12	11	11
Income Tax Expense	18	17	21	22	20	20	19	32	25	23	22
Basic Earnings per Share	$3.64	$3.67	$4.07	$3.76	$3.31	$3.40	$3.18	$2.28	$2.08	$1.86	$1.77
Weighted Average Basic Shares Outstanding	25.68M	25.60M	25.53M	25.48M	25.47M	25.59M	25.29M	25.18M	25.06M	24.93M	24.80M
Diluted Earnings per Share	$3.63	$3.65	$4.04	$3.74	$3.30	$3.38	$3.13	$2.23	$2.05	$1.84	$1.74
Weighted Average Diluted Shares Outstanding	25.77M	25.72M	25.71M	25.62M	25.57M	25.76M	25.73M	25.66M	25.46M	25.25M	25.17M
Weighted Average Basic & Diluted Shares Outstanding	25.56M	25.51M	25.43M	25.34M	25.29M	25.60M	25.30M	25.10M	25M	24.90M	16.50M
Cash Dividends to Common per Share	$1.92	$1.84	$1.60	$1.36	$1.20	$1.16	$1.00	$0.85	$0.73	$0.63	$0.55

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	20	24	23	23	23	30	25	15	24	26	29
Consolidated Net Income / (Loss)	20	24	23	23	23	30	25	15	24	26	29
Net Income / (Loss) Continuing Operations	20	24	23	23	23	30	25	15	24	26	29
Total Pre-Tax Income	24	29	28	27	28	36	30	16	28	31	35
Total Revenue	64	64	61	69	60	66	59	60	62	67	63
Net Interest Income / (Expense)	53	52	49	48	47	49	48	49	52	57	52
Total Interest Income	90	93	95	94	91	91	89	84	79	75	63
Investment Securities Interest Income	89	90	93	92	90	89	87	83	78	75	62
Other Interest Income	1.12	2.91	1.77	1.84	1.11	2.10	1.61	1.04	0.96	0.71	0.77
Total Interest Expense	38	42	46	45	44	42	40	36	28	19	10
Deposits Interest Expense	36	42	46	44	41	42	37	34	25	18	10
Short-Term Borrowings Interest Expense	1.12	-	0.19	1.08	2.45	0.19	3.12	2.35	2.78	0.27	0.00
Total Non-Interest Income	11	12	12	20	13	17	11	12	10	11	10
Trust Fees by Commissions	0.45	0.46	0.44	0.48	0.52	0.45	0.41	0.43	0.53	0.61	0.65
Other Service Charges	7.34	7.46	7.72	7.44	8.59	14	7.21	8.14	6.97	7.30	7.49
Net Realized & Unrealized Capital Gains on Investments	0.00	-	-0.02	9.01	-0.05	-0.01	-0.04	0.00	0.02	0.02	0.00
Investment Banking Income	2.87	2.70	2.72	2.60	2.46	2.31	2.30	2.27	2.20	2.09	2.06
Other Non-Interest Income	0.27	1.26	1.06	0.91	1.09	0.67	0.96	0.66	0.59	0.51	-0.04
Provision for Credit Losses	6.80	3.69	3.06	8.48	1.52	0.30	0.40	0.80	4.35	8.96	0.00
Total Non-Interest Expense	33	31	30	33	31	29	29	43	29	27	28
Salaries and Employee Benefits	18	17	16	16	17	16	16	11	16	15	15
Net Occupancy & Equipment Expense	7.63	6.85	6.94	6.85	6.99	6.63	6.33	6.58	6.46	6.32	6.08
Marketing Expense	1.41	0.95	1.37	1.27	1.38	0.88	1.20	1.30	1.43	1.12	1.43
Other Operating Expenses	5.83	5.59	5.61	9.06	5.50	6.21	5.59	23	5.48	5.30	5.74
Income Tax Expense	4.16	5.04	4.40	4.37	4.40	6.44	4.48	1.88	3.77	4.99	6.24
Basic Earnings per Share	$0.78	$0.94	$0.91	$0.88	$0.91	$1.16	$0.99	$0.57	$0.95	$1.02	$1.12
Weighted Average Basic Shares Outstanding	25.71M	25.68M	25.68M	25.68M	25.66M	25.60M	25.61M	25.61M	25.58M	25.53M	25.53M
Diluted Earnings per Share	$0.78	$0.94	$0.91	$0.87	$0.91	$1.16	$0.98	$0.57	$0.94	$1.01	$1.11
Weighted Average Diluted Shares Outstanding	25.80M	25.77M	25.77M	25.74M	25.75M	25.72M	25.69M	25.69M	25.74M	25.71M	25.73M
Weighted Average Basic & Diluted Shares Outstanding	25.56M	25.56M	25.51M	25.51M	25.50M	25.51M	25.43M	25.43M	25.43M	25.43M	25.35M

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	16	22	-553	433	151	-118	0.00	8.90	87	-9.96	28
Net Cash From Operating Activities	102	114	169	114	87	100	105	77	62	56	54
Net Cash From Continuing Operating Activities	102	114	169	114	87	101	105	77	62	56	54
Net Income / (Loss) Continuing Operations	93	94	104	96	84	87	80	57	52	46	44
Consolidated Net Income / (Loss)	93	94	104	96	84	87	80	57	52	46	44
Provision For Loan Losses	17	5.85	9.38	1.08	15	3.24	6.40	3.00	1.15	0.00	0.00
Depreciation Expense	5.95	6.17	6.02	6.11	6.04	5.93	5.65	5.12	4.23	3.76	3.41
Amortization Expense	4.80	4.92	7.10	7.24	4.77	4.48	3.68	3.71	3.46	5.02	5.95
Non-Cash Adjustments to Reconcile Net Income	-9.12	-0.63	13	5.84	-9.33	-1.92	3.65	4.71	-1.09	-1.43	1.21
Changes in Operating Assets and Liabilities, net	-9.37	3.91	30	-2.22	-13	1.80	5.18	3.37	2.37	2.07	0.01
Net Cash From Investing Activities	-164	-55	-627	-332	-712	-169	-166	-396	-442	-339	-238
Net Cash From Continuing Investing Activities	-164	-55	-627	-332	-712	-169	-166	-396	-442	-339	-238
Purchase of Property, Leasehold Improvements and Equipment	-8.63	-5.99	-4.82	-6.17	-5.72	-8.00	-7.97	-9.58	-9.83	-9.17	-6.57
Purchase of Investment Securities	-232	-226	-756	-479	-814	-287	-229	-142	-515	-417	-312
Sale of Property, Leasehold Improvements and Equipment	0.01	0.01	0.01	0.01	0.66	0.01	0.46	0.01	0.03	0.70	0.23
Sale and/or Maturity of Investments	76	177	134	154	107	126	70	103	82	86	80
Net Cash From Financing Activities	78	-38	-96	651	775	-49	102	328	467	273	212
Net Cash From Continuing Financing Activities	78	-38	-96	651	775	-49	102	328	467	273	212
Net Change in Deposits	180	260	-275	699	903	90	35	-	394	310	327
Issuance of Debt	0.00	28	297	-11	75	-76	175	101	180	70	-
Issuance of Common Equity	0.39	0.41	0.22	0.12	0.12	0.12	0.12	0.00	0.00	-	0.06
Repayment of Debt	-50	-275	-75	0.00	-160	-31	-80	-180	-90	-91	-101
Repurchase of Common Equity	-0.59	-0.58	-0.58	-0.56	-11	-0.52	-0.46	-0.50	-0.46	-0.46	-0.44
Payment of Dividends	-49	-47	-41	-35	-31	-30	-25	-21	-18	-16	-14
Other Financing Activities, Net	-2.82	-3.14	-1.78	-1.91	-2.14	-2.11	-2.44	429	0.61	0.01	-
Cash Interest Paid	185	129	36	18	36	59	44	29	19	16	15
Cash Income Taxes Paid	24	14	21	26	19	21	19	29	22	22	21

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	67	8.02	39	-27	-4.14	5.54	-27	20	23	-75	35
Net Cash From Operating Activities	29	39	18	21	25	27	51	9.46	27	34	44
Net Cash From Continuing Operating Activities	29	39	18	21	25	27	51	9.46	27	34	44
Net Income / (Loss) Continuing Operations	20	24	23	23	23	30	25	15	24	26	29
Consolidated Net Income / (Loss)	20	24	23	23	23	30	25	15	24	26	29
Provision For Loan Losses	6.80	3.69	3.06	8.48	1.52	0.30	0.40	0.80	4.35	8.96	-
Depreciation Expense	1.48	1.48	1.46	1.48	1.53	1.59	1.51	1.53	1.54	1.53	1.47
Amortization Expense	1.11	0.79	1.38	1.26	1.37	0.75	1.51	1.33	1.33	1.70	1.77
Non-Cash Adjustments to Reconcile Net Income	2.41	2.15	-2.54	-7.65	-1.07	0.94	1.92	-4.06	0.57	1.22	2.82
Changes in Operating Assets and Liabilities, net	-2.96	6.39	-8.69	-5.11	-1.96	-6.71	20	-4.75	-4.62	-4.89	9.11
Net Cash From Investing Activities	-115	-52	-15	-35	-62	-33	11	-83	50	-192	-40
Net Cash From Continuing Investing Activities	-115	-52	-15	-35	-62	-33	11	-83	50	-192	-40
Purchase of Property, Leasehold Improvements and Equipment	-1.79	-1.99	-2.68	-2.43	-1.54	-0.98	-1.19	-1.67	-2.16	-1.14	-1.36
Purchase of Investment Securities	-128	-65	-30	-56	-82	-49	-9.09	-114	-54	-239	-65
Sale of Property, Leasehold Improvements and Equipment	0.00	0.00	0.00	0.00	0.00	-	-	0.00	0.01	0.00	0.00
Sale and/or Maturity of Investments	15	15	17	23	21	17	21	32	107	47	26
Net Cash From Financing Activities	153	21	36	-12	33	12	-88	93	-55	83	32
Net Cash From Continuing Financing Activities	153	21	36	-12	33	12	-88	93	-55	83	32
Net Change in Deposits	59	64	74	145	-102	63	234	-95	57	-204	43
Issuance of Debt	108	-30	-25	-	-	50	-147	-	-	297	-
Issuance of Common Equity	0.38	-	-	-	0.39	-	-	-	0.41	-	-
Repurchase of Common Equity	-0.22	-0.09	-0.22	-0.08	-0.21	-0.08	-0.21	-0.08	-0.20	-0.07	-0.22
Payment of Dividends	-13	-12	-12	-12	-12	-12	-12	-12	-12	-10	-10
Other Financing Activities, Net	-1.49	-0.22	-	-0.08	-2.52	-0.01	-	-	-3.12	-	-0.05
Cash Interest Paid	38	44	46	45	50	38	34	32	25	18	9.82

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	6,678	6,524	6,432	6,557	5,830	4,947	4,875	4,683	4,290	3,766	3,443
Cash and Due from Banks	72	70	81	52	74	69	192	140	142	67	75
Interest Bearing Deposits at Other Banks	96	81	49	631	175	31	25	36	25	13	15
Trading Account Securities	1,125	1,183	1,314	1,406	746	613	588	538	504	478	476
Loans and Leases, Net of Allowance	5,032	4,845	4,638	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	60	58	58	59	59	60	58	56	52	47	42
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	288	282	287	4,404	4,770	4,169	4,007	3,904	3,556	3,153	2,828
Total Liabilities & Shareholders' Equity	6,678	6,524	6,432	6,557	5,830	4,947	4,875	4,683	4,290	3,766	3,443
Total Liabilities	5,994	5,874	5,863	5,852	5,173	4,349	4,354	4,214	3,863	3,373	3,082
Non-Interest Bearing Deposits	1,297	1,353	1,737	1,895	1,538	983	947	886	820	715	579
Interest Bearing Deposits	4,604	4,367	3,724	3,840	3,498	3,151	3,097	3,123	2,758	2,468	2,294
Accrued Interest Payable	15	21	3.19	2.62	5.96	12	10	6.31	5.68	3.77	2.95
Long-Term Debt	0.00	50	275	75	75	170	31	31	31	31	31
Other Long-Term Liabilities	78	83	103	39	45	33	193	98	18	16	14
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	684	650	569	705	657	598	522	469	427	393	361
Total Preferred & Common Equity	684	650	569	705	657	598	522	469	427	393	361
Total Common Equity	684	650	569	705	657	598	522	469	427	393	361
Common Stock	130	128	127	121	115	115	112	109	104	99	96
Retained Earnings	736	693	646	583	529	475	419	364	328	294	263
Treasury Stock	-16	-16	-15	-15	-15	-4.15	-3.76	-3.41	-2.91	-2.46	-2.00
Accumulated Other Comprehensive Income / (Loss)	-167	-155	-189	16	28	12	-6.19	-0.67	-2.39	2.14	3.83
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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	6,851	6,645	6,569	6,567	6,427	6,510	6,412	6,288
Cash and Due from Banks	89	87	61	56	68	75	67	76
Interest Bearing Deposits at Other Banks	146	73	60	92	79	98	86	128
Trading Account Securities	1,134	1,151	1,124	1,146	1,106	1,192	1,237	1,321
Loans and Leases, Net of Allowance	5,131	4,998	4,972	4,924	4,799	4,790	0.00	0.00
Premises and Equipment, Net	61	60	59	58	59	59	59	58
Goodwill	4.97	4.97	4.97	4.97	4.97	4.97	4.97	4.97
Other Assets	285	271	288	285	313	290	4,957	4,699
Total Liabilities & Shareholders' Equity	6,851	6,645	6,569	6,567	6,427	6,510	6,412	6,288
Total Liabilities	6,157	5,946	5,914	5,920	5,870	5,918	5,810	5,769
Non-Interest Bearing Deposits	1,297	1,285	1,213	1,254	1,378	1,438	1,548	1,832
Interest Bearing Deposits	4,663	4,553	4,551	4,364	4,279	3,985	3,970	3,832
Accrued Interest Payable	15	15	15	15	16	9.83	5.43	2.20
Long-Term Debt	108	0.00	0.00	200	90	400	200	0.00
Other Long-Term Liabilities	74	64	80	87	106	85	86	103
Total Equity & Noncontrolling Interests	695	699	655	647	557	592	602	519
Total Preferred & Common Equity	694	699	655	647	557	592	602	519
Total Common Equity	694	699	655	647	557	592	602	519
Common Stock	130	128	127	126	126	123	126	126
Retained Earnings	744	725	714	703	675	661	659	630
Treasury Stock	-16	-16	-15	-15	-15	-15	-15	-15
Accumulated Other Comprehensive Income / (Loss)	-164	-138	-170	-167	-228	-178	-167	-222
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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.69%	0.88%	9.85%	6.17%	4.90%	4.42%	11.42%	13.60%	10.14%	3.82%	9.23%
EBITDA Growth	0.84%	-12.19%	5.73%	14.04%	-2.63%	8.78%	9.96%	15.97%	8.89%	3.21%	6.72%
EBIT Growth	1.23%	-11.85%	6.57%	13.06%	-3.27%	8.53%	10.39%	16.08%	11.59%	4.55%	13.34%
NOPAT Growth	-0.31%	-9.68%	8.44%	13.51%	-3.11%	8.25%	40.26%	10.07%	12.33%	5.85%	12.79%
Net Income Growth	-0.31%	-9.68%	8.44%	13.51%	-3.11%	8.25%	40.26%	10.07%	12.33%	5.85%	12.79%
EPS Growth	-0.55%	-9.65%	8.02%	13.33%	-2.37%	7.99%	40.36%	8.78%	11.41%	5.85%	12.79%
Operating Cash Flow Growth	-10.09%	-32.69%	48.85%	30.43%	-12.81%	-4.70%	35.90%	24.19%	11.51%	2.57%	-13.63%
Free Cash Flow Firm Growth	-57.92%	1,356.95%	-69.52%	-46.69%	307.61%	-335.26%	560.75%	-104.54%	206.03%	-63.15%	196.04%
Invested Capital Growth	-2.27%	-19.18%	11.02%	5.01%	-3.31%	22.27%	10.16%	12.24%	-9.84%	2.03%	-8.54%
Revenue Q/Q Growth	-0.87%	-0.62%	5.45%	-0.79%	3.19%	0.17%	2.56%	3.14%	2.80%	1.67%	0.83%
EBITDA Q/Q Growth	-5.35%	3.60%	0.55%	0.01%	2.77%	1.02%	3.17%	3.98%	2.18%	1.74%	0.82%
EBIT Q/Q Growth	-5.77%	4.84%	0.95%	-0.74%	3.01%	0.74%	3.60%	3.82%	2.58%	2.26%	1.51%
NOPAT Q/Q Growth	-5.50%	4.05%	1.66%	-0.32%	2.92%	0.97%	13.78%	-3.20%	2.43%	2.69%	1.11%
Net Income Q/Q Growth	-5.50%	4.05%	1.66%	-0.32%	2.92%	0.97%	13.78%	-3.20%	2.43%	2.69%	1.11%
EPS Q/Q Growth	-5.71%	4.29%	1.51%	-0.53%	3.45%	0.60%	12.19%	-5.11%	0.99%	2.69%	1.11%
Operating Cash Flow Q/Q Growth	13.49%	-6.55%	4.05%	1.73%	-2.46%	-1.61%	5.74%	17.27%	0.09%	-3.56%	3.72%
Free Cash Flow Firm Q/Q Growth	133.09%	786.63%	-94.77%	-2.77%	538.45%	-168.07%	5.92%	-123.91%	253.88%	472.41%	-23.29%
Invested Capital Q/Q Growth	-2.18%	8.13%	66.77%	2.86%	2.82%	24.82%	3.52%	2.31%	-2.02%	13.13%	24.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	48.29%	49.18%	56.50%	58.70%	54.65%	58.88%	56.52%	57.27%	56.10%	56.75%	57.08%
EBIT Margin	44.05%	44.69%	51.14%	52.71%	49.50%	53.68%	51.65%	52.13%	51.02%	50.36%	50.01%
Profit (Net Income) Margin	36.87%	37.98%	42.42%	42.97%	40.19%	43.51%	41.97%	33.34%	34.41%	33.74%	33.10%
Tax Burden Percent	83.69%	84.99%	82.94%	81.51%	81.19%	81.06%	81.27%	63.96%	67.45%	67.00%	66.18%
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	16.31%	15.01%	17.06%	18.49%	18.81%	18.94%	18.73%	36.04%	32.55%	33.00%	33.82%
Return on Invested Capital (ROIC)	13.51%	11.98%	12.62%	12.58%	11.16%	12.47%	13.42%	10.63%	9.72%	8.31%	7.58%
ROIC Less NNEP Spread (ROIC-NNEP)	13.51%	11.98%	12.62%	12.58%	11.16%	12.47%	13.42%	10.63%	9.72%	8.31%	7.58%
Return on Net Nonoperating Assets (RNNOA)	0.51%	3.41%	3.68%	1.48%	2.27%	3.08%	2.82%	2.17%	2.98%	3.98%	5.24%
Return on Equity (ROE)	14.02%	15.39%	16.30%	14.06%	13.44%	15.55%	16.24%	12.80%	12.70%	12.29%	12.82%
Cash Return on Invested Capital (CROIC)	15.81%	33.19%	2.17%	7.69%	14.53%	-7.57%	3.75%	-0.90%	20.07%	6.30%	16.50%
Operating Return on Assets (OROA)	1.69%	1.70%	1.93%	1.90%	1.93%	2.19%	2.07%	2.00%	1.92%	1.92%	2.00%
Return on Assets (ROA)	1.42%	1.45%	1.60%	1.55%	1.57%	1.77%	1.68%	1.28%	1.29%	1.29%	1.32%
Return on Common Equity (ROCE)	14.02%	15.39%	16.30%	14.05%	13.44%	15.54%	16.24%	12.80%	12.70%	12.29%	12.82%
Return on Equity Simple (ROE_SIMPLE)	13.67%	14.43%	18.25%	13.58%	12.83%	14.56%	15.42%	12.23%	12.20%	11.80%	12.12%
Net Operating Profit after Tax (NOPAT)	93	94	104	96	84	87	80	57	52	46	44
NOPAT Margin	36.87%	37.98%	42.42%	42.97%	40.19%	43.51%	41.97%	33.34%	34.41%	33.74%	33.10%
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	39.18%	36.43%	36.20%	38.63%	36.21%	37.16%	37.99%	39.26%	40.47%	41.56%	41.48%
Operating Expenses to Revenue	49.34%	52.94%	45.03%	46.81%	43.46%	44.70%	45.01%	46.12%	48.22%	49.64%	49.99%
Earnings before Interest and Taxes (EBIT)	112	110	125	117	104	107	99	90	77	69	66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	122	121	138	131	115	118	108	98	85	78	76
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.55	2.46	3.03	2.67	1.90	1.85	1.68	2.19	2.30	1.59	1.57
Price to Tangible Book Value (P/TBV)	2.56	2.48	3.06	2.69	1.92	1.87	1.69	2.22	2.32	1.61	1.59
Price to Revenue (P/Rev)	6.87	6.47	7.05	8.44	5.96	5.54	4.57	5.98	6.48	4.56	4.29
Price to Earnings (P/E)	18.62	17.03	16.63	19.64	14.83	12.72	10.88	17.93	18.84	13.50	12.96
Dividend Yield	2.81%	2.93%	2.35%	1.83%	2.47%	2.68%	3.18%	2.08%	1.86%	2.51%	2.39%
Earnings Yield	5.37%	5.87%	6.01%	5.09%	6.74%	7.86%	9.19%	5.58%	5.31%	7.41%	7.72%
Enterprise Value to Invested Capital (EV/IC)	2.30	2.14	2.19	1.63	1.46	1.53	1.22	1.67	1.76	1.27	1.21
Enterprise Value to Revenue (EV/Rev)	6.20	6.06	7.73	5.71	5.18	5.89	3.99	5.55	5.91	5.21	5.05
Enterprise Value to EBITDA (EV/EBITDA)	12.84	12.32	13.69	9.72	9.48	10.00	7.06	9.68	10.54	9.18	8.84
Enterprise Value to EBIT (EV/EBIT)	14.08	13.55	15.12	10.83	10.46	10.97	7.73	10.64	11.59	10.35	10.09
Enterprise Value to NOPAT (EV/NOPAT)	16.82	15.95	18.23	13.29	12.89	13.54	9.51	16.63	17.18	15.44	15.25
Enterprise Value to Operating Cash Flow (EV/OCF)	15.35	13.12	11.18	11.18	12.46	11.78	7.28	12.34	14.39	12.83	12.29
Enterprise Value to Free Cash Flow (EV/FCFF)	14.38	5.75	106.13	21.74	9.90	0.00	34.03	0.00	8.32	20.38	7.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.08	0.52	0.11	0.13	0.28	0.20	0.22	0.19	0.43	0.53
Long-Term Debt to Equity	0.00	0.08	0.48	0.11	0.11	0.28	0.06	0.07	0.07	0.08	0.09
Financial Leverage	0.04	0.28	0.29	0.12	0.20	0.25	0.21	0.20	0.31	0.48	0.69
Leverage Ratio	9.90	10.63	10.20	9.09	8.59	8.77	9.65	10.02	9.83	9.56	9.69
Compound Leverage Factor	9.90	10.63	10.20	9.09	8.59	8.77	9.65	10.02	9.83	9.56	9.69
Debt to Total Capital	0.00%	7.15%	34.30%	9.62%	11.51%	22.13%	16.95%	17.81%	15.94%	30.27%	34.56%
Short-Term Debt to Total Capital	0.00%	0.00%	2.54%	0.00%	1.41%	0.00%	12.03%	12.39%	9.85%	24.78%	28.96%
Long-Term Debt to Total Capital	0.00%	7.15%	31.76%	9.62%	10.10%	22.13%	4.92%	5.42%	6.09%	5.49%	5.61%
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	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%
Common Equity to Total Capital	99.99%	92.84%	65.69%	90.37%	88.48%	77.86%	83.04%	82.17%	84.04%	69.71%	65.42%
Debt to EBITDA	0.00	0.41	2.15	0.57	0.75	1.44	0.98	1.03	0.95	2.19	2.53
Net Debt to EBITDA	0.00	-0.84	1.21	-4.65	-1.43	0.60	-1.02	-0.76	-1.02	1.15	1.33
Long-Term Debt to EBITDA	0.00	0.41	1.99	0.57	0.65	1.44	0.29	0.31	0.36	0.40	0.41
Debt to NOPAT	0.00	0.53	2.86	0.78	1.01	1.95	1.32	1.77	1.55	3.68	4.36
Net Debt to NOPAT	0.00	-1.09	1.61	-6.35	-1.95	0.81	-1.37	-1.30	-1.66	1.94	2.29
Long-Term Debt to NOPAT	0.00	0.53	2.65	0.78	0.89	1.95	0.38	0.54	0.59	0.67	0.71
Noncontrolling Interest Sharing Ratio	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	109	260	18	59	110	-53	22	-4.88	108	35	95
Operating Cash Flow to CapEx	1,188.37%	1,906.67%	3,516.97%	1,847.18%	1,723.53%	1,252.99%	1,398.36%	806.96%	634.88%	658.88%	858.69%
Free Cash Flow to Firm to Interest Expense	0.62	1.78	0.49	3.87	3.65	-0.88	0.47	-0.16	5.25	2.12	6.36
Operating Cash Flow to Interest Expense	0.58	0.78	4.62	7.52	2.90	1.66	2.20	2.59	3.04	3.36	3.63
Operating Cash Flow Less CapEx to Interest Expense	0.53	0.74	4.49	7.11	2.73	1.53	2.04	2.27	2.56	2.85	3.21
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	4.28	4.26	4.17	3.76	3.51	3.38	3.34	3.17	3.06	3.10	3.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	684	700	866	780	743	768	628	570	508	563	552
Invested Capital Turnover	0.37	0.32	0.30	0.29	0.28	0.29	0.32	0.32	0.28	0.25	0.23
Increase / (Decrease) in Invested Capital	-16	-166	86	37	-25	140	58	62	-55	11	-52
Enterprise Value (EV)	1,573	1,495	1,893	1,272	1,087	1,178	765	953	895	716	668
Market Capitalization	1,741	1,597	1,726	1,880	1,251	1,108	875	1,028	981	626	568
Book Value per Share	$26.81	$25.55	$22.44	$27.86	$25.55	$23.34	$20.62	$18.60	$17.02	$23.61	$21.83
Tangible Book Value per Share	$26.62	$25.35	$22.24	$27.66	$25.36	$23.14	$20.42	$18.40	$16.83	$23.31	$21.53
Total Capital	684	700	866	780	743	768	628	570	508	563	552
Total Debt	0.00	50	297	75	86	170	106	102	81	171	191
Total Long-Term Debt	0.00	50	275	75	75	170	31	31	31	31	31
Net Debt	-168	-102	167	-608	-164	71	-110	-75	-86	90	100
Capital Expenditures (CapEx)	8.62	5.98	4.82	6.16	5.06	7.98	7.51	9.57	9.80	8.47	6.33
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	50	297	75	86	170	106	102	81	171	191
Total Depreciation and Amortization (D&A)	11	11	13	13	11	10	9.33	8.83	7.69	8.78	9.36
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.64	$3.67	$4.07	$3.76	$3.31	$3.40	$3.18	$2.28	$2.08	$1.86	$1.77
Adjusted Weighted Average Basic Shares Outstanding	25.68M	25.60M	25.53M	25.48M	25.47M	25.59M	25.29M	25.18M	25.06M	24.93M	24.80M
Adjusted Diluted Earnings per Share	$3.63	$3.65	$4.04	$3.74	$3.30	$3.38	$3.13	$2.23	$2.05	$1.83	$1.74
Adjusted Weighted Average Diluted Shares Outstanding	25.77M	25.72M	25.71M	25.62M	25.57M	25.76M	25.73M	25.66M	25.46M	25.25M	25.17M
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	25.56M	25.51M	25.43M	25.34M	25.29M	25.70M	25.61M	25.29M	25.18M	25.05M	24.91M
Normalized Net Operating Profit after Tax (NOPAT)	93	94	104	96	84	87	80	57	52	46	44
Normalized NOPAT Margin	36.87%	37.98%	42.42%	42.97%	40.19%	43.51%	41.97%	33.34%	34.41%	33.74%	33.10%
Pre Tax Income Margin	44.05%	44.69%	51.14%	52.71%	49.50%	53.68%	51.65%	52.13%	51.02%	50.36%	50.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.63	0.75	3.41	7.76	3.45	1.78	2.07	3.01	3.77	4.17	4.42
NOPAT to Interest Expense	0.53	0.64	2.83	6.33	2.80	1.45	1.69	1.92	2.54	2.79	2.92
EBIT Less CapEx to Interest Expense	0.58	0.71	3.28	7.35	3.28	1.65	1.92	2.69	3.29	3.66	3.99
NOPAT Less CapEx to Interest Expense	0.48	0.60	2.70	5.92	2.63	1.31	1.53	1.60	2.07	2.28	2.50
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	52.73%	50.24%	39.35%	36.20%	36.26%	34.06%	31.45%	37.34%	34.97%	33.88%	30.97%
Augmented Payout Ratio	53.37%	50.85%	39.91%	36.78%	48.76%	34.66%	32.03%	38.21%	35.85%	34.86%	31.99%

This table displays calculated financial ratios and metrics derived from Lakeland Financial's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.29%	-3.40%	3.31%	14.51%	-2.92%	-2.30%	-5.47%	1.45%	11.28%	23.10%	10.20%
EBITDA Growth	-12.65%	-18.01%	-6.63%	53.27%	-0.65%	12.34%	-13.83%	-43.93%	-2.10%	2.28%	13.69%
EBIT Growth	-12.82%	-18.96%	-6.70%	63.25%	-0.88%	16.46%	-14.47%	-47.24%	-0.47%	3.94%	17.49%
NOPAT Growth	-14.17%	-18.35%	-7.58%	54.33%	-3.61%	14.05%	-11.47%	-43.09%	2.69%	6.98%	18.27%
Net Income Growth	-14.17%	-18.35%	-7.58%	54.33%	-3.61%	14.05%	-11.47%	-43.09%	2.69%	6.98%	18.27%
EPS Growth	-14.29%	-18.97%	-7.14%	52.63%	-3.19%	14.85%	-11.71%	-43.00%	2.17%	6.32%	18.09%
Operating Cash Flow Growth	16.66%	45.96%	-64.40%	121.96%	-9.65%	-23.16%	15.75%	-78.23%	-42.47%	23.62%	62.32%
Free Cash Flow Firm Growth	398.05%	-79.53%	72.10%	186.67%	76.93%	426.18%	-138.40%	-292.21%	-241.41%	-363.75%	2,377.82%
Invested Capital Growth	-5.23%	-2.27%	8.03%	-34.01%	5.61%	-19.18%	24.65%	76.49%	17.23%	11.02%	-31.52%
Revenue Q/Q Growth	0.37%	3.89%	-10.98%	14.50%	-8.78%	11.11%	-1.33%	-2.92%	-8.20%	7.50%	5.89%
EBITDA Q/Q Growth	-14.81%	2.98%	3.10%	-3.42%	-20.04%	17.28%	69.23%	-37.40%	-9.59%	-10.04%	10.12%
EBIT Q/Q Growth	-17.06%	5.36%	3.03%	-3.17%	-22.90%	21.29%	80.29%	-41.21%	-9.41%	-10.93%	11.21%
NOPAT Q/Q Growth	-16.97%	3.65%	3.50%	-3.64%	-21.01%	17.32%	72.83%	-39.82%	-6.54%	-8.93%	11.11%
Net Income Q/Q Growth	-16.97%	3.65%	3.50%	-3.64%	-21.01%	17.32%	72.83%	-39.82%	-6.54%	-8.93%	11.11%
EPS Q/Q Growth	-17.02%	3.30%	4.60%	-4.40%	-21.55%	18.37%	71.93%	-39.36%	-6.93%	-9.01%	11.00%
Operating Cash Flow Q/Q Growth	-25.24%	114.92%	-14.29%	-15.29%	-6.46%	-47.59%	434.46%	-65.52%	-20.44%	-21.05%	0.54%
Free Cash Flow Firm Q/Q Growth	60.67%	239.82%	-107.96%	1,766.30%	-111.04%	290.55%	75.27%	-343.60%	-56.03%	-122.43%	23.80%
Invested Capital Q/Q Growth	17.37%	-2.18%	6.81%	-22.72%	21.04%	8.13%	-34.76%	23.69%	-7.38%	66.77%	-7.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	42.04%	49.53%	49.97%	43.15%	51.16%	58.36%	55.29%	32.24%	49.99%	50.76%	60.66%
EBIT Margin	37.99%	45.97%	45.33%	39.17%	46.32%	54.80%	50.20%	27.47%	45.36%	45.97%	55.48%
Profit (Net Income) Margin	31.48%	38.05%	38.14%	32.81%	38.98%	45.02%	42.64%	24.34%	39.26%	38.57%	45.53%
Tax Burden Percent	82.86%	82.77%	84.14%	83.76%	84.17%	82.15%	84.93%	88.60%	86.56%	83.89%	82.06%
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	17.14%	17.23%	15.86%	16.24%	15.83%	17.85%	15.07%	11.40%	13.44%	16.11%	17.94%
Return on Invested Capital (ROIC)	9.82%	13.94%	14.49%	10.11%	11.59%	14.20%	18.16%	7.89%	13.26%	11.47%	16.54%
ROIC Less NNEP Spread (ROIC-NNEP)	9.82%	13.94%	14.49%	10.11%	11.59%	14.20%	18.16%	7.89%	13.26%	11.47%	16.54%
Return on Net Nonoperating Assets (RNNOA)	2.26%	0.52%	1.04%	3.25%	3.71%	4.04%	1.52%	2.73%	3.01%	3.35%	1.03%
Return on Equity (ROE)	12.08%	14.47%	15.53%	13.36%	15.30%	18.24%	19.68%	10.62%	16.28%	14.82%	17.58%
Cash Return on Invested Capital (CROIC)	16.30%	15.81%	6.97%	53.23%	5.81%	33.19%	-6.49%	-43.31%	-1.81%	2.17%	53.41%
Operating Return on Assets (OROA)	1.46%	1.77%	1.77%	1.52%	1.75%	2.09%	1.96%	1.08%	1.75%	1.73%	2.06%
Return on Assets (ROA)	1.21%	1.46%	1.49%	1.27%	1.47%	1.72%	1.67%	0.96%	1.52%	1.45%	1.69%
Return on Common Equity (ROCE)	12.07%	14.46%	15.53%	13.36%	15.30%	18.24%	19.68%	10.62%	16.27%	14.82%	17.57%
Return on Equity Simple (ROE_SIMPLE)	12.98%	0.00%	14.15%	15.41%	14.36%	0.00%	16.18%	15.78%	17.35%	0.00%	19.67%
Net Operating Profit after Tax (NOPAT)	20	24	23	23	23	30	25	15	24	26	29
NOPAT Margin	31.48%	38.05%	38.14%	32.81%	38.98%	45.02%	42.64%	24.34%	39.26%	38.57%	45.53%
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	42.22%	39.43%	40.51%	35.32%	41.99%	35.31%	39.68%	32.08%	38.74%	32.86%	35.36%
Operating Expenses to Revenue	51.35%	48.22%	49.67%	48.49%	51.15%	44.74%	49.13%	71.19%	47.60%	40.73%	44.52%
Earnings before Interest and Taxes (EBIT)	24	29	28	27	28	36	30	16	28	31	35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	27	31	31	30	31	38	33	19	31	34	38
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.17	2.55	2.36	2.38	2.57	2.46	2.08	2.00	2.52	3.03	3.35
Price to Tangible Book Value (P/TBV)	2.18	2.56	2.38	2.40	2.59	2.48	2.10	2.02	2.54	3.06	3.38
Price to Revenue (P/Rev)	5.85	6.87	6.45	6.14	6.78	6.47	4.67	4.71	6.05	7.05	7.49
Price to Earnings (P/E)	16.69	18.62	16.67	15.45	17.89	17.03	12.88	12.69	14.53	16.63	17.03
Dividend Yield	3.29%	2.81%	2.94%	3.08%	2.85%	2.93%	3.90%	3.69%	2.78%	2.35%	2.25%
Earnings Yield	5.99%	5.37%	6.00%	6.47%	5.59%	5.87%	7.76%	7.88%	6.88%	6.01%	5.87%
Enterprise Value to Invested Capital (EV/IC)	1.72	2.30	2.13	2.20	2.02	2.14	1.71	1.42	1.95	2.19	2.96
Enterprise Value to Revenue (EV/Rev)	5.36	6.20	5.82	5.66	7.00	6.06	4.45	5.61	6.23	7.73	6.61
Enterprise Value to EBITDA (EV/EBITDA)	11.63	12.84	11.51	10.93	14.15	12.32	9.43	11.53	11.37	13.69	11.16
Enterprise Value to EBIT (EV/EBIT)	12.75	14.08	12.56	11.92	15.58	13.55	10.50	12.81	12.51	15.12	12.37
Enterprise Value to NOPAT (EV/NOPAT)	15.29	16.82	15.05	14.25	18.46	15.95	12.26	15.12	14.98	18.23	15.02
Enterprise Value to Operating Cash Flow (EV/OCF)	12.93	15.35	16.49	11.70	15.40	13.12	9.06	12.27	10.50	11.18	9.43
Enterprise Value to Free Cash Flow (EV/FCFF)	10.25	14.38	31.73	3.28	35.81	5.75	0.00	0.00	0.00	106.13	4.50
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.16	0.00	0.00	0.00	0.31	0.08	0.16	0.68	0.33	0.52	0.00
Long-Term Debt to Equity	0.16	0.00	0.00	0.00	0.31	0.08	0.16	0.68	0.33	0.48	0.00
Financial Leverage	0.23	0.04	0.07	0.32	0.32	0.28	0.08	0.35	0.23	0.29	0.06
Leverage Ratio	10.00	9.90	10.40	10.49	10.39	10.63	11.81	11.07	10.72	10.20	10.41
Compound Leverage Factor	10.00	9.90	10.40	10.49	10.39	10.63	11.81	11.07	10.72	10.20	10.41
Debt to Total Capital	13.48%	0.00%	0.00%	0.00%	23.61%	7.15%	13.91%	40.32%	24.94%	34.30%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.54%	0.00%
Long-Term Debt to Total Capital	13.48%	0.00%	0.00%	0.00%	23.61%	7.15%	13.91%	40.32%	24.94%	31.76%	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	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%
Common Equity to Total Capital	86.51%	99.99%	99.99%	99.99%	76.38%	92.84%	86.08%	59.67%	75.05%	65.69%	99.98%
Debt to EBITDA	0.91	0.00	0.00	0.00	1.65	0.41	0.77	3.27	1.45	2.15	0.00
Net Debt to EBITDA	-1.07	0.00	0.00	0.00	0.43	-0.84	-0.48	1.85	0.34	1.21	0.00
Long-Term Debt to EBITDA	0.91	0.00	0.00	0.00	1.65	0.41	0.77	3.27	1.45	1.99	0.00
Debt to NOPAT	1.20	0.00	0.00	0.00	2.15	0.53	1.00	4.28	1.91	2.86	0.00
Net Debt to NOPAT	-1.41	0.00	0.00	0.00	0.56	-1.09	-0.62	2.43	0.45	1.61	0.00
Long-Term Debt to NOPAT	1.20	0.00	0.00	0.00	2.15	0.53	1.00	4.28	1.91	2.65	0.00
Noncontrolling Interest Sharing Ratio	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	64	40	-29	360	-22	196	-103	-415	-94	-60	268
Operating Cash Flow to CapEx	1,618.58%	1,947.06%	672.43%	867.13%	1,612.09%	2,701.83%	4,260.40%	567.95%	1,279.99%	3,022.96%	3,210.21%
Free Cash Flow to Firm to Interest Expense	1.71	0.96	-0.63	7.92	-0.50	4.62	-2.55	-11.55	-3.38	-3.24	26.58
Operating Cash Flow to Interest Expense	0.77	0.93	0.39	0.46	0.57	0.63	1.26	0.26	0.99	1.86	4.34
Operating Cash Flow Less CapEx to Interest Expense	0.72	0.88	0.34	0.41	0.53	0.60	1.23	0.22	0.91	1.80	4.21
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	4.34	4.28	4.32	4.32	4.20	4.26	4.25	4.29	4.27	4.17	3.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	803	684	699	655	847	700	647	992	802	866	519
Invested Capital Turnover	0.31	0.37	0.38	0.31	0.30	0.32	0.43	0.32	0.34	0.30	0.36
Increase / (Decrease) in Invested Capital	-44	-16	52	-337	45	-166	128	430	118	86	-239
Enterprise Value (EV)	1,378	1,573	1,489	1,437	1,715	1,495	1,105	1,413	1,565	1,893	1,534
Market Capitalization	1,505	1,741	1,649	1,558	1,662	1,597	1,161	1,186	1,518	1,726	1,739
Book Value per Share	$27.17	$26.81	$27.41	$25.66	$25.21	$25.55	$21.90	$23.28	$23.67	$22.44	$20.48
Tangible Book Value per Share	$26.98	$26.62	$27.21	$25.47	$25.02	$25.35	$21.71	$23.08	$23.48	$22.24	$20.28
Total Capital	803	684	699	655	847	700	647	992	802	866	519
Total Debt	108	0.00	0.00	0.00	200	50	90	400	200	297	0.00
Total Long-Term Debt	108	0.00	0.00	0.00	200	50	90	400	200	275	0.00
Net Debt	-127	-168	-160	-121	52	-102	-56	227	46	167	-205
Capital Expenditures (CapEx)	1.79	1.99	2.68	2.42	1.54	0.98	1.19	1.67	2.14	1.14	1.36
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)	108	0.00	0.00	0.00	200	50	90	400	200	297	0.00
Total Depreciation and Amortization (D&A)	2.59	2.26	2.84	2.74	2.91	2.35	3.02	2.86	2.86	3.23	3.24
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.78	$0.94	$0.91	$0.88	$0.91	$1.16	$0.99	$0.57	$0.95	$1.02	$1.12
Adjusted Weighted Average Basic Shares Outstanding	25.71M	25.68M	25.68M	25.68M	25.66M	25.60M	25.61M	25.61M	25.58M	25.53M	25.53M
Adjusted Diluted Earnings per Share	$0.78	$0.94	$0.91	$0.87	$0.91	$1.16	$0.98	$0.57	$0.94	$1.01	$1.11
Adjusted Weighted Average Diluted Shares Outstanding	25.80M	25.77M	25.77M	25.74M	25.75M	25.72M	25.69M	25.69M	25.74M	25.71M	25.73M
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	25.56M	25.56M	25.51M	25.51M	25.50M	25.51M	25.43M	25.43M	25.43M	25.43M	25.35M
Normalized Net Operating Profit after Tax (NOPAT)	20	24	23	23	23	30	25	15	24	26	29
Normalized NOPAT Margin	31.48%	38.05%	38.14%	32.81%	38.98%	45.02%	42.64%	24.34%	39.26%	38.57%	45.53%
Pre Tax Income Margin	37.99%	45.97%	45.33%	39.17%	46.32%	54.80%	50.20%	27.47%	45.36%	45.97%	55.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.65	0.70	0.61	0.59	0.64	0.85	0.74	0.46	1.01	1.67	3.45
NOPAT to Interest Expense	0.53	0.58	0.51	0.50	0.54	0.70	0.63	0.41	0.88	1.40	2.83
EBIT Less CapEx to Interest Expense	0.60	0.65	0.55	0.54	0.60	0.83	0.71	0.41	0.94	1.61	3.32
NOPAT Less CapEx to Interest Expense	0.49	0.53	0.45	0.44	0.50	0.68	0.60	0.36	0.80	1.34	2.70
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	55.28%	52.73%	49.28%	47.81%	51.30%	50.24%	50.53%	47.08%	40.59%	39.35%	38.49%
Augmented Payout Ratio	55.94%	53.37%	49.88%	48.38%	51.93%	50.85%	51.16%	47.70%	41.14%	39.91%	39.04%

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. See Lakeland Financial's forecast for analyst expectations on what’s next for the company.

How has Lakeland Financial 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 5/21/2025 by MarketBeat.com Staff

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Lakeland Financial (LKFN) Financials

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