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Lakeland Financial (LKFN) Financials

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$62.27 +1.56 (+2.57%)
As of 02:11 PM Eastern
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Annual Income Statements for Lakeland Financial

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 46 52 57 80 87 84 96 104 94 93 103
Consolidated Net Income / (Loss)		 46 52 57 80 87 84 96 104 94 93 103
Net Income / (Loss) Continuing Operations		 46 52 57 80 87 84 96 104 94 93 103
Total Pre-Tax Income 		69 77 90 99 107 104 117 125 110 112 126
Total Revenue		 137 151 172 192 200 210 223 245 247 254 269
Net Interest Income / (Expense)		 106 118 136 151 155 163 178 203 197 197 221
Total Interest Income		 123 139 166 199 215 193 193 240 343 373 374
Investment Securities Interest Income		 122 139 165 198 214 193 193 237 338 366 367
Other Interest Income		 0.06 0.35 0.35 0.91 1.49 0.37 0.55 2.21 5.70 7.63 6.99
Total Interest Expense		 17 20 30 48 60 30 15 37 146 176 153
Deposits Interest Expense		 15 19 27 45 57 29 15 36 138 173 151
Short-Term Borrowings Interest Expense		 0.19 0.35 1.45 1.14 1.31 0.51 0.01 0.27 8.44 3.72 1.99
Total Non-Interest Income		 31 33 36 40 45 47 45 42 50 57 48
Trust Fees by Commissions		 6.04 1.01 1.27 1.46 1.69 1.67 1.98 2.32 1.82 1.89 2.20
Other Service Charges		 24 26 27 31 34 35 29 30 36 31 30
Net Realized & Unrealized Capital Gains on Investments		 0.04 - 0.03 -0.05 0.14 0.43 0.80 0.02 -0.03 9.00 0.00
Investment Banking Income		 - 4.81 5.48 6.34 6.84 7.47 8.75 8.64 9.08 10 11
Other Non-Interest Income		 1.34 1.46 1.77 1.24 1.89 2.11 3.89 1.07 2.88 4.28 4.39
Provision for Credit Losses		 0.00 1.15 3.00 6.40 3.24 15 1.08 9.38 5.85 17 12
Total Non-Interest Expense		 68 73 79 86 89 91 104 110 131 125 132
Salaries and Employee Benefits		 39 42 45 48 49 49 58 59 59 67 75
Net Occupancy & Equipment Expense		 15 16 17 20 21 23 24 25 26 28 30
Marketing Expense		 3.17 3.33 4.74 5.07 4.37 3.09 4.26 5.20 4.81 4.97 5.28
Other Operating Expenses		 11 12 12 13 15 15 18 22 41 26 21
Income Tax Expense		 23 25 32 19 20 20 22 21 17 18 22
Basic Earnings per Share		 $1.86 $2.08 $2.28 $3.18 $3.40 $3.31 $3.76 $4.07 $3.67 $3.64 $4.02
Weighted Average Basic Shares Outstanding		 24.93M 25.06M 25.18M 25.29M 25.59M 25.47M 25.48M 25.53M 25.60M 25.68M 25.69M
Diluted Earnings per Share		 $1.84 $2.05 $2.23 $3.13 $3.38 $3.30 $3.74 $4.04 $3.65 $3.63 $4.01
Weighted Average Diluted Shares Outstanding		 25.25M 25.46M 25.66M 25.73M 25.76M 25.57M 25.62M 25.71M 25.72M 25.77M 25.80M
Weighted Average Basic & Diluted Shares Outstanding		 24.90M 25M 25.10M 25.30M 25.60M 25.29M 25.34M 25.43M 25.51M 25.56M 25.27M
Cash Dividends to Common per Share		 $0.63 $0.73 $0.85 $1.00 $1.16 $1.20 $1.36 $1.60 $1.84 $1.92 $2.00

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 25 30 23 23 23 24 20 27 26 30 26
Consolidated Net Income / (Loss)		 25 30 23 23 23 24 20 27 26 30 26
Net Income / (Loss) Continuing Operations		 25 30 23 23 23 24 20 27 26 30 26
Total Pre-Tax Income 		30 36 28 27 28 29 24 33 32 36 33
Total Revenue		 59 66 60 69 61 64 64 66 69 70 70
Net Interest Income / (Expense)		 48 49 47 48 49 52 53 55 56 57 57
Total Interest Income		 89 91 91 94 95 93 90 94 95 94 92
Loans and Leases Interest Income		 - - - - 86 - 82 - 86 - 83
Investment Securities Interest Income		 87 89 90 92 6.83 90 7.30 92 7.40 178 7.75
Other Interest Income		 1.61 2.10 1.11 1.84 1.77 2.91 1.12 2.30 1.71 1.86 0.85
Total Interest Expense		 40 42 44 45 46 42 38 40 39 37 35
Deposits Interest Expense		 37 42 41 44 46 42 36 39 38 37 33
Short-Term Borrowings Interest Expense		 3.12 0.19 2.45 1.08 0.19 - 1.12 0.40 0.37 0.10 1.78
Total Non-Interest Income		 11 17 13 20 12 12 11 11 13 13 13
Trust Fees by Commissions		 0.41 0.45 0.52 0.48 0.44 0.46 0.45 0.55 0.56 0.64 0.52
Other Service Charges		 7.21 14 8.59 7.44 7.72 7.46 7.34 7.11 7.98 7.59 8.29
Investment Banking Income		 2.30 2.31 2.46 2.60 2.72 2.70 2.87 2.67 2.86 2.98 3.06
Other Non-Interest Income		 0.96 0.67 1.09 0.91 1.06 1.26 0.27 1.16 1.56 1.39 1.06
Provision for Credit Losses		 0.40 0.30 1.52 8.48 3.06 3.69 6.80 3.00 2.00 - 2.00
Total Non-Interest Expense		 29 29 31 33 30 31 33 30 35 33 35
Salaries and Employee Benefits		 16 16 17 16 16 17 18 17 20 20 20
Net Occupancy & Equipment Expense		 6.33 6.63 6.99 6.85 6.94 6.85 7.63 7.34 7.47 7.34 7.83
Marketing Expense		 1.20 0.88 1.38 1.27 1.37 0.95 1.41 1.16 1.56 1.15 1.49
Other Operating Expenses		 5.59 6.21 5.50 9.06 5.61 5.59 5.83 4.84 5.52 5.07 5.54
Income Tax Expense		 4.48 6.44 4.40 4.37 4.40 5.04 4.16 5.96 5.66 6.45 6.08
Basic Earnings per Share		 $0.99 $1.16 $0.91 $0.88 $0.91 $0.94 $0.78 $1.05 $1.03 $1.16 $1.04
Weighted Average Basic Shares Outstanding		 25.61M 25.60M 25.66M 25.68M 25.68M 25.68M 25.71M 25.71M 25.70M 25.69M 25.34M
Diluted Earnings per Share		 $0.98 $1.16 $0.91 $0.87 $0.91 $0.94 $0.78 $1.04 $1.03 $1.16 $1.04
Weighted Average Diluted Shares Outstanding		 25.69M 25.72M 25.75M 25.74M 25.77M 25.77M 25.80M 25.78M 25.82M 25.80M 25.49M
Weighted Average Basic & Diluted Shares Outstanding		 25.43M 25.51M 25.50M 25.51M 25.51M 25.56M 25.56M 25.53M 25.53M 25.27M 24.91M
Cash Dividends to Common per Share		 $0.46 - $0.48 $0.48 $0.48 - $0.50 $0.50 $0.50 - $0.52

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Change in Cash & Equivalents		 -9.96 87 8.90 0.00 -118 151 433 -553 22 16 -27
Net Cash From Operating Activities		 56 62 77 105 100 87 114 169 114 102 115
Net Cash From Continuing Operating Activities		 56 62 77 105 101 87 114 169 114 102 115
Net Income / (Loss) Continuing Operations		 46 52 57 80 87 84 96 104 94 93 103
Consolidated Net Income / (Loss)		 46 52 57 80 87 84 96 104 94 93 103
Provision For Loan Losses		 0.00 1.15 3.00 6.40 3.24 15 1.08 9.38 5.85 17 12
Depreciation Expense		 3.76 4.23 5.12 5.65 5.93 6.04 6.11 6.02 6.17 5.95 5.98
Amortization Expense		 5.02 3.46 3.71 3.68 4.48 4.77 7.24 7.10 4.92 4.80 4.01
Non-Cash Adjustments to Reconcile Net Income		 -1.43 -1.09 4.71 3.65 -1.92 -9.33 5.84 13 -0.63 -9.12 3.19
Changes in Operating Assets and Liabilities, net		 2.07 2.37 3.37 5.18 1.80 -13 -2.22 30 3.91 -9.37 -13
Net Cash From Investing Activities		 -339 -442 -396 -166 -169 -712 -332 -627 -55 -164 -325
Net Cash From Continuing Investing Activities		 -339 -442 -396 -166 -169 -712 -332 -627 -55 -164 -325
Purchase of Property, Leasehold Improvements and Equipment		 -9.17 -9.83 -9.58 -7.97 -8.00 -5.72 -6.17 -4.82 -5.99 -8.63 -11
Purchase of Investment Securities		 -417 -515 -142 -229 -287 -814 -479 -756 -226 -232 -382
Sale of Property, Leasehold Improvements and Equipment		 0.70 0.03 0.01 0.46 0.01 0.66 0.01 0.01 0.01 0.01 0.01
Sale and/or Maturity of Investments		 86 82 103 70 126 107 154 134 177 76 68
Net Cash From Financing Activities		 273 467 328 102 -49 775 651 -96 -38 78 184
Net Cash From Continuing Financing Activities		 273 467 328 102 -49 775 651 -96 -38 78 184
Net Change in Deposits		 310 394 - 35 90 903 699 -275 260 180 72
Issuance of Debt		 70 180 101 175 -76 75 -11 297 -247 0.00 184
Issuance of Common Equity		 - 0.00 0.00 0.12 0.12 0.12 0.12 0.22 0.41 0.39 0.38
Repayment of Debt		 -91 -90 -180 -80 -31 -160 0.00 -75 0.00 -50 0.00
Repurchase of Common Equity		 -0.46 -0.46 -0.50 -0.46 -0.52 -11 -0.56 -0.58 -0.58 -0.59 -20
Payment of Dividends		 -16 -18 -21 -25 -30 -31 -35 -41 -47 -49 -51
Other Financing Activities, Net		 0.01 0.61 429 -2.44 -2.11 -2.14 -1.91 -1.78 -3.14 -2.82 -1.49
Cash Interest Paid		 16 19 29 44 59 36 18 36 129 185 159
Cash Income Taxes Paid		 22 22 29 19 21 19 26 21 14 24 17

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -27 5.54 -4.14 -27 39 8.02 67 75 -117 -52 10
Net Cash From Operating Activities		 51 27 25 21 18 39 29 16 36 34 35
Net Cash From Continuing Operating Activities		 51 27 25 21 18 39 29 16 36 34 35
Net Income / (Loss) Continuing Operations		 25 30 23 23 23 24 20 27 26 30 26
Consolidated Net Income / (Loss)		 25 30 23 23 23 24 20 27 26 30 26
Provision For Loan Losses		 0.40 0.30 1.52 8.48 3.06 3.69 6.80 3.00 2.00 - 2.00
Depreciation Expense		 1.51 1.59 1.53 1.48 1.46 1.48 1.48 1.47 1.50 1.53 1.50
Amortization Expense		 1.51 0.75 1.37 1.26 1.38 0.79 1.11 1.12 1.16 0.63 0.97
Non-Cash Adjustments to Reconcile Net Income		 1.92 0.94 -1.07 -7.65 -2.54 2.15 2.41 -1.09 2.65 -0.79 2.88
Changes in Operating Assets and Liabilities, net		 20 -6.71 -1.96 -5.11 -8.69 6.39 -2.96 -15 2.35 2.44 0.84
Net Cash From Investing Activities		 11 -33 -62 -35 -15 -52 -115 -41 -38 -131 -92
Net Cash From Continuing Investing Activities		 11 -33 -62 -35 -15 -52 -115 -41 -38 -131 -92
Purchase of Property, Leasehold Improvements and Equipment		 -1.19 -0.98 -1.54 -2.43 -2.68 -1.99 -1.79 -2.12 -5.01 -2.20 -4.72
Purchase of Investment Securities		 -9.09 -49 -82 -56 -30 -65 -128 -56 -50 -149 -105
Sale and/or Maturity of Investments		 21 17 21 23 17 15 15 17 17 20 18
Net Cash From Financing Activities		 -88 12 33 -12 36 21 153 100 -116 46 67
Net Cash From Continuing Financing Activities		 -88 12 33 -12 36 21 153 100 -116 46 67
Net Change in Deposits		 234 63 -102 145 74 64 59 217 -153 -51 217
Issuance of Debt		 -147 50 150 - -25 -30 1.20 -102 50 128 0.00
Issuance of Common Equity		 - - 0.39 - - - 0.38 - - - 0.36
Repayment of Debt		 -163 -90 - -200 - - 107 - - - -116
Repurchase of Common Equity		 -0.21 -0.08 -0.21 -0.08 -0.22 -0.09 -0.22 -1.79 -0.22 -18 -20
Payment of Dividends		 -12 -12 -12 -12 -12 -12 -13 -13 -13 -13 -13
Other Financing Activities, Net		 - -0.01 -2.52 -0.08 - -0.22 -1.49 - - - -1.29
Cash Interest Paid		 34 38 50 45 46 44 38 44 40 37 35
Cash Income Taxes Paid		 2.15 4.80 - 12 5.42 6.65 0.00 - 2.00 2.75 0.10

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Total Assets		 3,766 4,290 4,683 4,875 4,947 5,830 6,557 6,432 6,524 6,678 6,990
Cash and Due from Banks		 67 142 140 192 69 74 52 81 70 72 57
Interest Bearing Deposits at Other Banks		 13 25 36 25 31 175 631 49 81 96 84
Trading Account Securities		 478 504 538 588 613 746 1,406 1,314 1,183 1,125 1,188
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,638 4,845 5,032 5,306
Premises and Equipment, Net		 47 52 56 58 60 59 59 58 58 60 66
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		 3,153 3,556 3,904 4,007 4,169 4,770 4,404 287 282 288 284
Total Liabilities & Shareholders' Equity		 3,766 4,290 4,683 4,875 4,947 5,830 6,557 6,432 6,524 6,678 6,990
Total Liabilities		 3,373 3,863 4,214 4,354 4,349 5,173 5,852 5,863 5,874 5,994 6,228
Non-Interest Bearing Deposits		 715 820 886 947 983 1,538 1,895 1,737 1,353 1,297 1,221
Interest Bearing Deposits		 2,468 2,758 3,123 3,097 3,151 3,498 3,840 3,724 4,367 4,604 4,752
Accrued Interest Payable		 3.77 5.68 6.31 10 12 5.96 2.62 3.19 21 15 8.87
Long-Term Debt		 31 31 31 31 170 75 75 275 50 0.00 184
Other Long-Term Liabilities		 16 18 98 193 33 45 39 103 83 78 61
Total Equity & Noncontrolling Interests		 393 427 469 522 598 657 705 569 650 684 762
Total Preferred & Common Equity		 393 427 469 522 598 657 705 569 650 684 762
Total Common Equity		 393 427 469 522 598 657 705 569 650 684 762
Common Stock		 99 104 109 112 115 115 121 127 128 130 137
Retained Earnings		 294 328 364 419 475 529 583 646 693 736 788
Treasury Stock		 -2.46 -2.91 -3.41 -3.76 -4.15 -15 -15 -15 -16 -16 -36
Accumulated Other Comprehensive Income / (Loss)		 2.14 -2.39 -0.67 -6.19 12 28 16 -189 -155 -167 -127
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 Q2 2025 Q3 2025 Q1 2026
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 6/30/2025 9/30/2025 3/31/2026
Total Assets		 6,288 6,412 6,510 6,427 6,567 6,569 6,645 6,851 6,964 6,895 7,084
Cash and Due from Banks		 76 67 75 68 56 61 87 89 97 67 66
Interest Bearing Deposits at Other Banks		 128 86 98 79 92 60 73 146 213 125 86
Trading Account Securities		 1,321 1,237 1,192 1,106 1,146 1,124 1,151 1,134 1,131 1,165 1,162
Loans and Leases, Net of Allowance		 0.00 0.00 4,790 4,799 4,924 4,972 4,998 5,131 5,160 5,180 5,404
Premises and Equipment, Net		 58 59 59 59 58 59 60 61 61 65 69
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		 4,699 4,957 290 313 285 288 271 285 296 286 292
Total Liabilities & Shareholders' Equity		 6,288 6,412 6,510 6,427 6,567 6,569 6,645 6,851 6,964 6,895 7,084
Total Liabilities		 5,769 5,810 5,918 5,870 5,920 5,914 5,946 6,157 6,254 6,148 6,335
Non-Interest Bearing Deposits		 1,832 1,548 1,438 1,378 1,254 1,213 1,285 1,297 1,262 1,268 1,302
Interest Bearing Deposits		 3,832 3,970 3,985 4,279 4,364 4,551 4,553 4,663 4,915 4,756 4,889
Short-Term Debt		 - 0.00 0.00 0.00 - - - - 5.00 - 17
Accrued Interest Payable		 2.20 5.43 9.83 16 15 15 15 15 10.00 8.63 8.59
Long-Term Debt		 0.00 200 400 90 200 0.00 0.00 108 1.20 57 1.20
Other Long-Term Liabilities		 103 86 85 106 87 80 64 74 61 58 68
Total Equity & Noncontrolling Interests		 519 602 592 557 647 655 699 695 710 748 749
Total Preferred & Common Equity		 519 602 592 557 647 655 699 694 710 747 749
Total Common Equity		 519 602 592 557 647 655 699 694 710 747 749
Common Stock		 126 126 123 126 126 127 128 130 131 134 138
Retained Earnings		 630 659 661 675 703 714 725 744 758 771 802
Treasury Stock		 -15 -15 -15 -15 -15 -15 -16 -16 -17 -18 -55
Accumulated Other Comprehensive Income / (Loss)		 -222 -167 -178 -228 -167 -170 -138 -164 -161 -141 -136
Noncontrolling Interest		 0.09 0.09 0.09 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.86 $2.08 $2.28 $3.18 $3.40 $3.31 $3.76 $4.07 $3.67 $3.64 $4.02
Adjusted Weighted Average Basic Shares Outstanding		 24.93M 25.06M 25.18M 25.29M 25.59M 25.47M 25.48M 25.53M 25.60M 25.68M 25.69M
Adjusted Diluted Earnings per Share		 $1.83 $2.05 $2.23 $3.13 $3.38 $3.30 $3.74 $4.04 $3.65 $3.63 $4.01
Adjusted Weighted Average Diluted Shares Outstanding		 25.25M 25.46M 25.66M 25.73M 25.76M 25.57M 25.62M 25.71M 25.72M 25.77M 25.80M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $3.40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 25.05M 25.18M 25.29M 25.61M 25.70M 25.29M 25.34M 25.43M 25.51M 25.56M 25.27M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 25,266,503.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 25,266,503.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.05
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -5.47% -2.30% -2.92% 14.51% 3.31% -3.40% 6.29% -3.45% 12.81% - 9.25%
EBITDA Growth		 -13.83% 12.34% -0.65% 53.27% -6.63% -18.01% -12.65% 19.74% 13.55% - 30.56%
EBIT Growth		 -14.47% 16.46% -0.88% 63.25% -6.70% -18.96% -12.82% 22.32% 15.59% - 34.30%
NOPAT Growth		 -11.47% 14.05% -3.61% 54.33% -7.58% -18.35% -14.17% 19.59% 13.14% - 31.83%
Net Income Growth		 -11.47% 14.05% -3.61% 54.33% -7.58% -18.35% -14.17% 19.59% 13.14% - 31.83%
EPS Growth		 -11.71% 14.85% -3.19% 52.63% -7.14% -18.97% -14.29% 19.54% 13.19% - 33.33%
Operating Cash Flow Growth		 15.75% -23.16% -9.65% 121.96% -64.40% 45.96% 16.66% -23.00% 100.37% - 19.85%
Free Cash Flow Firm Growth		 -138.40% 426.18% 76.93% 186.67% 72.10% -79.53% 398.05% -109.62% -176.76% - -3.71%
Invested Capital Growth		 24.65% -19.18% 5.61% -34.01% 8.03% -2.27% -5.23% 9.41% 15.12% - -4.42%
Revenue Q/Q Growth		 -1.33% 11.11% -8.78% 14.50% -10.98% 3.89% 0.37% 4.01% 4.02% - -0.13%
EBITDA Q/Q Growth		 69.23% 17.28% -20.04% -3.42% 3.10% 2.98% -14.81% 32.39% -2.23% - -9.06%
EBIT Q/Q Growth		 80.29% 21.29% -22.90% -3.17% 3.03% 5.36% -17.06% 35.85% -2.64% - -10.44%
NOPAT Q/Q Growth		 72.83% 17.32% -21.01% -3.64% 3.50% 3.65% -16.97% 34.26% -2.08% - -11.46%
Net Income Q/Q Growth		 72.83% 17.32% -21.01% -3.64% 3.50% 3.65% -16.97% 34.26% -2.08% - -11.46%
EPS Q/Q Growth		 71.93% 18.37% -21.55% -4.40% 4.60% 3.30% -17.02% 33.33% -0.96% - -10.34%
Operating Cash Flow Q/Q Growth		 434.46% -47.59% -6.46% -15.29% -14.29% 114.92% -25.24% -44.09% 123.03% - 2.80%
Free Cash Flow Firm Q/Q Growth		 75.27% 290.55% -111.04% 1,766.30% -107.96% 239.82% 60.67% -153.79% -129.04% - 126.62%
Invested Capital Q/Q Growth		 -34.76% 8.13% 21.04% -22.72% 6.81% -2.18% 17.37% -10.78% 12.39% - -18.96%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 55.29% 58.36% 51.16% 43.15% 49.97% 49.53% 42.04% 53.52% 50.30% - 50.25%
EBIT Margin		 50.20% 54.80% 46.32% 39.17% 45.33% 45.97% 37.99% 49.62% 46.45% - 46.70%
Profit (Net Income) Margin		 42.64% 45.02% 38.98% 32.81% 38.14% 38.05% 31.48% 40.63% 38.25% - 37.99%
Tax Burden Percent		 84.93% 82.15% 84.17% 83.76% 84.14% 82.77% 82.86% 81.89% 82.35% - 81.33%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 15.07% 17.85% 15.83% 16.24% 15.86% 17.23% 17.14% 18.11% 17.65% - 18.67%
Return on Invested Capital (ROIC)		 18.16% 14.20% 11.59% 10.11% 14.49% 13.94% 9.82% 15.11% 13.37% - 13.30%
ROIC Less NNEP Spread (ROIC-NNEP)		 18.16% 14.20% 11.59% 10.11% 14.49% 13.94% 9.82% 15.11% 13.37% - 13.30%
Return on Net Nonoperating Assets (RNNOA)		 1.52% 4.04% 3.71% 3.25% 1.04% 0.52% 2.26% 0.07% 0.53% - 1.16%
Return on Equity (ROE)		 19.68% 18.24% 15.30% 13.36% 15.53% 14.47% 12.08% 15.18% 13.90% - 14.47%
Cash Return on Invested Capital (CROIC)		 -6.49% 33.19% 5.81% 53.23% 6.97% 15.81% 16.30% 4.81% -1.07% - 18.51%
Operating Return on Assets (OROA)		 1.96% 2.09% 1.75% 1.52% 1.77% 1.77% 1.46% 1.87% 1.80% - 1.84%
Return on Assets (ROA)		 1.67% 1.72% 1.47% 1.27% 1.49% 1.46% 1.21% 1.53% 1.48% - 1.50%
Return on Common Equity (ROCE)		 19.68% 18.24% 15.30% 13.36% 15.53% 14.46% 12.07% 15.18% 13.89% - 14.47%
Return on Equity Simple (ROE_SIMPLE)		 16.18% 0.00% 14.36% 15.41% 14.15% 0.00% 12.98% 13.32% 13.06% - 14.66%
Net Operating Profit after Tax (NOPAT)		 25 30 23 23 23 24 20 27 26 - 26
NOPAT Margin		 42.64% 45.02% 38.98% 32.81% 38.14% 38.05% 31.48% 40.63% 38.25% - 37.99%
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%
SG&A Expenses to Revenue		 39.68% 35.31% 41.99% 35.32% 40.51% 39.43% 42.22% 38.56% 42.66% - 42.49%
Operating Expenses to Revenue		 49.13% 44.74% 51.15% 48.49% 49.67% 48.22% 51.35% 45.86% 50.65% - 50.43%
Earnings before Interest and Taxes (EBIT)		 30 36 28 27 28 29 24 33 32 - 33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 33 38 31 30 31 31 27 36 35 - 35
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.08 2.46 2.57 2.38 2.36 2.55 2.17 2.20 2.17 - 1.92
Price to Tangible Book Value (P/TBV)		 2.10 2.48 2.59 2.40 2.38 2.56 2.18 2.21 2.19 - 1.93
Price to Revenue (P/Rev)		 4.67 6.47 6.78 6.14 6.45 6.87 5.85 6.11 6.19 - 5.23
Price to Earnings (P/E)		 12.88 17.03 17.89 15.45 16.67 18.62 16.69 16.48 16.65 - 13.10
Dividend Yield		 3.90% 2.93% 2.85% 3.08% 2.94% 2.81% 3.29% 3.21% 3.11% - 3.55%
Earnings Yield		 7.76% 5.87% 5.59% 6.47% 6.00% 5.37% 5.99% 6.07% 6.01% - 7.64%
Enterprise Value to Invested Capital (EV/IC)		 1.71 2.14 2.02 2.20 2.13 2.30 1.72 1.75 1.85 - 1.70
Enterprise Value to Revenue (EV/Rev)		 4.45 6.06 7.00 5.66 5.82 6.20 5.36 4.92 5.67 - 4.74
Enterprise Value to EBITDA (EV/EBITDA)		 9.43 12.32 14.15 10.93 11.51 12.84 11.63 10.08 11.59 - 9.07
Enterprise Value to EBIT (EV/EBIT)		 10.50 13.55 15.58 11.92 12.56 14.08 12.75 10.99 12.58 - 9.74
Enterprise Value to NOPAT (EV/NOPAT)		 12.26 15.95 18.46 14.25 15.05 16.82 15.29 13.26 15.26 - 11.88
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.06 13.12 15.40 11.70 16.49 15.35 12.93 12.32 12.43 - 10.81
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 5.75 35.81 3.28 31.73 14.38 10.25 38.03 0.00 - 8.98
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.16 0.08 0.31 0.00 0.00 0.00 0.16 0.01 0.08 - 0.02
Long-Term Debt to Equity		 0.16 0.08 0.31 0.00 0.00 0.00 0.16 0.00 0.08 - 0.00
Financial Leverage		 0.08 0.28 0.32 0.32 0.07 0.04 0.23 0.00 0.04 - 0.09
Leverage Ratio		 11.81 10.63 10.39 10.49 10.40 9.90 10.00 9.92 9.36 - 9.65
Compound Leverage Factor		 11.81 10.63 10.39 10.49 10.40 9.90 10.00 9.92 9.36 - 9.65
Debt to Total Capital		 13.91% 7.15% 23.61% 0.00% 0.00% 0.00% 13.48% 0.87% 7.13% - 2.37%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.70% 0.00% - 2.22%
Long-Term Debt to Total Capital		 13.91% 7.15% 23.61% 0.00% 0.00% 0.00% 13.48% 0.17% 7.13% - 0.16%
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%
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%
Common Equity to Total Capital		 86.08% 92.84% 76.38% 99.99% 99.99% 99.99% 86.51% 99.12% 92.86% - 97.62%
Debt to EBITDA		 0.77 0.41 1.65 0.00 0.00 0.00 0.91 0.05 0.45 - 0.13
Net Debt to EBITDA		 -0.48 -0.84 0.43 0.00 0.00 0.00 -1.07 -2.44 -1.05 - -0.93
Long-Term Debt to EBITDA		 0.77 0.41 1.65 0.00 0.00 0.00 0.91 0.01 0.45 - 0.01
Debt to NOPAT		 1.00 0.53 2.15 0.00 0.00 0.00 1.20 0.07 0.59 - 0.17
Net Debt to NOPAT		 -0.62 -1.09 0.56 0.00 0.00 0.00 -1.41 -3.21 -1.39 - -1.21
Long-Term Debt to NOPAT		 1.00 0.53 2.15 0.00 0.00 0.00 1.20 0.01 0.59 - 0.01
Noncontrolling Interest Sharing Ratio		 0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% - 0.01%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -103 196 -22 360 -29 40 64 -35 -79 - 62
Operating Cash Flow to CapEx		 4,260.40% 2,701.83% 1,612.09% 867.13% 672.43% 1,947.06% 1,618.58% 763.19% 719.78% - 735.23%
Free Cash Flow to Firm to Interest Expense		 -2.55 4.62 -0.50 7.92 -0.63 0.96 1.71 -0.88 -2.04 - 1.76
Operating Cash Flow to Interest Expense		 1.26 0.63 0.57 0.46 0.39 0.93 0.77 0.41 0.93 - 0.98
Operating Cash Flow Less CapEx to Interest Expense		 1.23 0.60 0.53 0.41 0.34 0.88 0.72 0.36 0.80 - 0.85
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 - 0.04
Fixed Asset Turnover		 4.25 4.26 4.20 4.32 4.32 4.28 4.34 4.24 4.21 - 4.24
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 647 700 847 655 699 684 803 716 805 - 767
Invested Capital Turnover		 0.43 0.32 0.30 0.31 0.38 0.37 0.31 0.37 0.35 - 0.35
Increase / (Decrease) in Invested Capital		 128 -166 45 -337 52 -16 -44 62 106 - -36
Enterprise Value (EV)		 1,105 1,495 1,715 1,437 1,489 1,573 1,378 1,254 1,490 - 1,304
Market Capitalization		 1,161 1,597 1,662 1,558 1,649 1,741 1,505 1,558 1,626 - 1,437
Book Value per Share		 $21.90 $25.55 $25.21 $25.66 $27.41 $26.81 $27.17 $27.78 $29.28 - $29.64
Tangible Book Value per Share		 $21.71 $25.35 $25.02 $25.47 $27.21 $26.62 $26.98 $27.58 $29.08 - $29.44
Total Capital		 647 700 847 655 699 684 803 716 805 - 767
Total Debt		 90 50 200 0.00 0.00 0.00 108 6.20 57 - 18
Total Long-Term Debt		 90 50 200 0.00 0.00 0.00 108 1.20 57 - 1.20
Net Debt		 -56 -102 52 -121 -160 -168 -127 -304 -135 - -133
Capital Expenditures (CapEx)		 1.19 0.98 1.54 2.42 2.68 1.99 1.79 2.12 5.01 - 4.72
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 90 50 200 0.00 0.00 0.00 108 6.20 57 - 18
Total Depreciation and Amortization (D&A)		 3.02 2.35 2.91 2.74 2.84 2.26 2.59 2.58 2.66 - 2.47
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.99 $1.16 $0.91 $0.88 $0.91 $0.94 $0.78 $1.05 $1.03 $1.16 $1.04
Adjusted Weighted Average Basic Shares Outstanding		 25.61M 25.60M 25.66M 25.68M 25.68M 25.68M 25.71M 25.71M 25.70M 25.69M 25.34M
Adjusted Diluted Earnings per Share		 $0.98 $1.16 $0.91 $0.87 $0.91 $0.94 $0.78 $1.04 $1.03 $1.16 $1.04
Adjusted Weighted Average Diluted Shares Outstanding		 25.69M 25.72M 25.75M 25.74M 25.77M 25.77M 25.80M 25.78M 25.82M 25.80M 25.49M
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		 25.43M 25.51M 25.50M 25.51M 25.51M 25.56M 25.56M 25.53M 25.53M 25.27M 24.91M
Normalized Net Operating Profit after Tax (NOPAT)		 25 30 23 23 23 24 20 27 26 - 26
Normalized NOPAT Margin		 42.64% 45.02% 38.98% 32.81% 38.14% 38.05% 31.48% 40.63% 38.25% - 37.99%
Pre Tax Income Margin		 50.20% 54.80% 46.32% 39.17% 45.33% 45.97% 37.99% 49.62% 46.45% - 46.70%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.74 0.85 0.64 0.59 0.61 0.70 0.65 0.83 0.83 - 0.92
NOPAT to Interest Expense		 0.63 0.70 0.54 0.50 0.51 0.58 0.53 0.68 0.68 - 0.75
EBIT Less CapEx to Interest Expense		 0.71 0.83 0.60 0.54 0.55 0.65 0.60 0.78 0.70 - 0.79
NOPAT Less CapEx to Interest Expense		 0.60 0.68 0.50 0.44 0.45 0.53 0.49 0.63 0.55 - 0.62
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 50.53% 50.24% 51.30% 47.81% 49.28% 52.73% 55.28% 53.27% 52.13% - 47.18%
Augmented Payout Ratio		 51.16% 50.85% 51.93% 48.38% 49.88% 53.37% 55.94% 55.71% 54.50% - 83.43%

Financials Breakdown Chart

Key Financial Trends

Here are key takeaways from Lakeland Financial Corp (LKFN) across the last four years of quarterly statements, focused on trends in the income statement, cash flow, and balance sheet. The bullets below are intended for retail investors and highlight what has been working well, what looks neutral, and what may pose risks.

  • Net interest income rising in 2025: Net Interest Income increased through 2025, reaching about $57.2 million in Q4 2025 (vs about $54.9 million in Q2 2025 and $56.1 million in Q3 2025), signaling solid core banking momentum as loan and funding dynamics evolved.
  • Profitability improving in Q4 2025: Net income (continuing operations) rose to approx. $29.9 million in Q4 2025, up from $24.2 million in Q4 2024. Diluted earnings per share were $1.16 in Q4 2025 vs $0.94 in Q4 2024, showing stronger per-share profitability.
  • Loan growth continues in 2025: Loans and Leases, Net expanded from about $5.13 billion in Q1 2025 to around $5.18 billion by Q3 2025, indicating ongoing loan demand and portfolio growth.
  • Healthy funding base and liquidity: Deposits remained robust in 2025, with total deposits around $6.0 billion, including roughly $1.27 billion of non-interest-bearing deposits and about $4.75–$4.76 billion of interest-bearing deposits, supporting liquidity and funding stability.
  • Stable or modestly favorable dividend policy: Cash dividends per share hovered near $0.50 in 2025 (e.g., $0.50 in Q2 and Q3 2025; $0.50 in Q1 2025; $0.46 in some earlier periods), suggesting a solid and predictable payout framework for shareholders.
  • Your balance sheet looks stable in size: Total assets typically ranged from roughly $6.86 billion to $6.97 billion across 2022–2025 (e.g., about $6.86B in 2025 Q2 to about $6.90B+ in subsequent quarters), indicating a steady asset base without dramatic swings.
  • Expense base remains steady: Total Non-Interest Expense generally runs in the $30–$35 million per quarter band, supporting a relatively stable cost structure while revenue Trends improved in 2025.
  • Revenue mix is stable: Total Revenue in 2025 quarters is typically in the $60–$70 million range, with a consistent mix of net interest income and non-interest income, which helps predictability for investors.
  • Significant cash outlays in investing activities: Substantial purchases of investment securities reduced near-term cash flow from investing activities in several quarters (e.g., Q4 2025 Purchase of Investment Securities around $149.0 million; Q3 2025 about $49.7 million; Q2 2025 about $55.7 million). This ongoing cash deployment trims cash flow from investing activities even as earnings improve.
  • Credit loss provisioning shows volatility: Provision for Credit Losses has varied by quarter, with spikes in some periods (e.g., elevated provisioning in early 2024 and occasional in 2025). While current quarterly provisions remain modest, history shows noticeable swings that investors should watch as macro credit conditions evolve.
05/05/26 12:16 PM ETAI Generated. May Contain Errors.

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 2025 ended on December 31, 2025.

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 $103.36 million in 2025, rising from $46.37 million in 2015. The previous period was $93.48 million in 2024. See Lakeland Financial's forecast for analyst expectations on what’s next for the company.

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

Over the last 10 years, Lakeland Financial's total revenue changed from $137.41 million in 2015 to $268.99 million in 2025, a change of 95.8%.

How much debt does Lakeland Financial have?

Lakeland Financial's total liabilities were at $6.23 billion at the end of 2025, a 3.9% increase from 2024, and a 84.6% increase since 2015.

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 $57.14 million as of their latest financial filing in 2025.


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Financial statements for NASDAQ:LKFN last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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