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Lakeland Financial (LKFN) Financials

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$63.44 +0.01 (+0.01%)
As of 02:33 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 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

Quarterly Income Statements for Lakeland Financial

This table shows Lakeland Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
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

Annual Cash Flow Statements for Lakeland Financial

This table details how cash moves in and out of Lakeland Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
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

Quarterly Cash Flow Statements for Lakeland Financial

This table details how cash moves in and out of Lakeland Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
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

Annual Balance Sheets for Lakeland Financial

This table presents Lakeland Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
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

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
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

Annual Metrics And Ratios for Lakeland Financial

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

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
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%

Quarterly Metrics And Ratios for Lakeland Financial

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

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
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%

Financials Breakdown Chart

Key Financial Trends

Lakeland Financial (NASDAQ:LKFN) has shown generally stable financial performance over the past four years, with quarterly data indicating steady net interest income and improving trends in non-interest income components.

Revenue and Income Trends:

  • Net Interest Income has grown from approximately $47.5 million in Q1 2024 to $52.9 million in Q1 2025, reflecting improved earnings from interest-bearing assets.
  • Non-Interest Income remains strong, with investment banking and service charges contributing positively to total revenues, e.g., $10.9 million in Q1 2025.
  • Provision for credit losses increased to $6.8 million in Q1 2025 versus $1.52 million in Q1 2024, which could signal higher expected credit risks or loan portfolio growth.
  • Net Income attributable to common shareholders remains steady around $20 million in Q1 2025, with basic and diluted EPS at $0.78.
  • Total revenues have been relatively stable quarter-to-quarter, able to support consistent profitability.

Expense Management and Operating Costs:

  • Total non-interest expenses increased to $32.8 million in Q1 2025 from $30.7 million in Q1 2024, driven by higher salaries, occupancy, and other operating costs.
  • Salaries and employee benefits form the largest share of non-interest expenses, rising slightly but proportionate to revenue growth.

Balance Sheet and Capital Position:

  • Total assets grew to approximately $6.85 billion by Q1 2025, reflecting loan growth and increased investment securities.
  • Total liabilities and shareholders’ equity increased, with equity at about $694 million in Q1 2025, supporting a solid capital base.
  • Long-term debt increased to $108.2 million in Q1 2025 from zero one year prior, indicating additional leverage that should be monitored for impact on interest expense and financial risk.

Cash Flow Observations:

  • Strong net cash provided by operating activities of $28.9 million in Q1 2025 suggests healthy core business cash generation.
  • Net cash used in investing activities was high at $115.2 million in Q1 2025, primarily due to purchase of investment securities, which may impact liquidity if sustained.
  • Robust financing activities provided net cash inflow of $153.2 million in Q1 2025, supported by debt issuance and deposit growth, which helps fund investing activities.

Summary: Lakeland Financial demonstrates consistent earnings growth supported by strong net interest income and diversified fee-based income streams. While non-interest expenses have increased, they appear aligned with business growth. Balance sheet expansion and increased leverage through debt issuance suggest an active management strategy to support asset growth. Investors should monitor credit loss provisions and cash flow from investing activities to ensure sustainability of growth and liquidity.

10/08/25 01:10 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 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'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 10/8/2025 by MarketBeat.com Staff
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