Financial Services - Banks - Regional - NASDAQ - US
$ 73.22
-0.853 %
$ 1.87 B
Market Cap
19.02
P/E
Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans. The company also offers retail and merchant credit card services; corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; and mobile business banking and on-line treasury management services.[ Read More ]
The intrinsic value of one LKFN stock under the base case scenario is HIDDEN Compared to the current market price of 73.2 USD, Lakeland Financial Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart LKFN
FINANCIALS
241 M
REVENUE
102 M
OPERATING INCOME
93.8 M
NET INCOME
114 M
OPERATING CASH FLOW
-54.9 M
INVESTING CASH FLOW
-37.5 M
FINANCING CASH FLOW
61.2 M
REVENUE
27.7 M
OPERATING INCOME
23.3 M
NET INCOME
18 M
OPERATING CASH FLOW
-15.2 M
INVESTING CASH FLOW
36.2 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Lakeland Financial Corporation
| Current Assets | 152 M |
| Cash & Short-Term Investments | 152 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 7.41 B |
| Long-Term Investments | 1.18 B |
| PP&E | 57.9 M |
| Other Non-Current Assets | 6.17 B |
| Current Liabilities | 5.35 B |
| Accounts Payable | 20.9 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 5.33 B |
| Non-Current Liabilities | 0 |
| Long-Term Debt | 50 M |
| Other Non-Current Liabilities | -50 M |
EFFICIENCY
Earnings Waterfall
Lakeland Financial Corporation
| Revenue | 241 M |
| Cost Of Revenue | 0 |
| Gross Profit | 241 M |
| Operating Expenses | 247 M |
| Operating Income | 102 M |
| Other Expenses | 7.81 M |
| Net Income | 93.8 M |
RATIOS
100.00%
GROSS MARGIN
42.14%
OPERATING MARGIN
38.90%
NET MARGIN
14.43%
ROE
1.44%
ROA
12.34%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Lakeland Financial Corporation
| Net Income | 93.8 M |
| Depreciation & Amortization | 6.17 M |
| Capital Expenditures | -5.99 M |
| Stock-Based Compensation | 3.65 M |
| Change in Working Capital | 3.91 M |
| Others | 10.4 M |
| Free Cash Flow | 108 M |
Wall Street Analysts Price Targets
Lakeland Financial Corporation
LKFN has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.74%
DIVIDEND YIELD
0.48 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Lakeland Financial Corporation
Sold
0-3 MONTHS
1.68 M USD 4
3-6 MONTHS
57.5 K USD 2
6-9 MONTHS
1.64 M USD 8
9-12 MONTHS
2.8 M USD 5
Bought
351 K USD 2
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
23.1 K USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
5 days ago
Nov 12, 2024
|
Sell 728 K USD
|
FINDLAY DAVID M
CEO |
- 9643
|
75.5132 USD |
|
1 week ago
Nov 08, 2024
|
Bought 58 K USD
|
BARTELS ROBERT E JR
Director |
+ 802
|
72.32 USD |
|
1 week ago
Nov 06, 2024
|
Sell 11.3 K USD
|
Lahrman Brok A
SVP, Chief Accounting Officer |
- 150
|
75.506 USD |
|
2 months ago
Sep 13, 2024
|
Sell 52.3 K USD
|
Donovan James Rickard
SVP, General Counsel |
- 800
|
65.4236 USD |
|
2 months ago
Sep 13, 2024
|
Bought 293 K USD
|
Leniski Stephanie R
Senior Vice President |
+ 4500
|
65.04 USD |
|
2 months ago
Aug 26, 2024
|
Sell 80.5 K USD
|
Pruitt Kristin
President |
- 1200
|
67.055 USD |
|
2 months ago
Aug 26, 2024
|
Sell 805 K USD
|
Pruitt Kristin
President |
- 12000
|
67.055 USD |
|
3 months ago
Jul 31, 2024
|
Sell 29 K USD
|
Clark Kyra E
Senior Vice President |
- 420
|
68.93 USD |
|
3 months ago
Jul 30, 2024
|
Sell 28.6 K USD
|
Lahrman Brok A
SVP, Chief Accounting Officer |
- 415
|
68.9117 USD |
|
6 months ago
May 03, 2024
|
Sell 31 K USD
|
Clark Kyra E
Senior Vice President |
- 500
|
62.03 USD |
|
8 months ago
Mar 13, 2024
|
Sell 783 K USD
|
FINDLAY DAVID M
CEO |
- 12000
|
65.26 USD |
|
8 months ago
Mar 12, 2024
|
Sell 19.8 K USD
|
Leniski Stephanie R
Senior Vice President |
- 300
|
66.1389 USD |
|
8 months ago
Mar 12, 2024
|
Sell 98.6 K USD
|
O'Neill Lisa M
EVP & CFO |
- 1500
|
65.7 USD |
|
8 months ago
Mar 11, 2024
|
Sell 350 K USD
|
Ottinger Eric H
Executive Vice President |
- 5247
|
66.75 USD |
|
8 months ago
Mar 04, 2024
|
Sell 83.8 K USD
|
ROSS STEVEN D
Director |
- 1300
|
64.5 USD |
|
8 months ago
Mar 04, 2024
|
Sell 58.9 K USD
|
Robinson-Gay Donald
Senior Vice President |
- 893
|
65.9254 USD |
|
8 months ago
Feb 22, 2024
|
Sell 212 K USD
|
Steiner Jonathan P
Senior Vice President |
- 3328
|
63.73 USD |
|
11 months ago
Dec 12, 2023
|
Sell 9.24 K USD
|
Donovan James Rickard
SVP, General Counsel |
- 150
|
61.6055 USD |
|
9 months ago
Feb 07, 2024
|
Sell 162 K USD
|
Leniski Stephanie R
Senior Vice President |
- 2560
|
63.1679 USD |
|
9 months ago
Feb 05, 2024
|
Sell 683 K USD
|
FINDLAY DAVID M
CEO |
- 10507
|
65.0325 USD |
|
9 months ago
Feb 05, 2024
|
Sell 45.5 K USD
|
Lahrman Brok A
SVP, Chief Accounting Officer |
- 700
|
64.9815 USD |
|
9 months ago
Feb 01, 2024
|
Bought 23.1 K USD
|
BARTELS ROBERT E JR
Director |
+ 360
|
64.0469 USD |
|
9 months ago
Jan 30, 2024
|
Sell 1.9 M USD
|
KUBACKI MICHAEL L
Director |
- 26600
|
71.5123 USD |
|
1 year ago
Nov 03, 2023
|
Bought 21.7 K USD
|
BARTELS ROBERT E JR
Director |
+ 407
|
53.3655 USD |
|
1 year ago
Sep 06, 2023
|
Bought 309 K USD
|
WELCH M SCOTT
Director |
+ 6080
|
50.7971 USD |
|
1 year ago
Sep 05, 2023
|
Bought 200 K USD
|
WELCH M SCOTT
Director |
+ 3920
|
50.9819 USD |
|
1 year ago
Aug 17, 2023
|
Bought 166 K USD
|
Steiner Jonathan P
Senior Vice President |
+ 3000
|
55.26 USD |
|
1 year ago
Aug 03, 2023
|
Bought 49.6 K USD
|
BARTELS ROBERT E JR
Director |
+ 900
|
55.155 USD |
|
1 year ago
May 09, 2023
|
Bought 459 K USD
|
WELCH M SCOTT
Director |
+ 10000
|
45.9009 USD |
|
1 year ago
May 08, 2023
|
Bought 49 K USD
|
PICHON EMILY E
Director |
+ 1025
|
47.8 USD |
|
1 year ago
Apr 28, 2023
|
Bought 254 K USD
|
Smith Brian J
Director |
+ 5000
|
50.75 USD |
|
1 year ago
Apr 28, 2023
|
Bought 256 K USD
|
Smith Brian J
Director |
+ 5000
|
51.25 USD |
|
1 year ago
Apr 28, 2023
|
Bought 258 K USD
|
WELCH M SCOTT
Director |
+ 5000
|
51.5 USD |
|
1 year ago
Apr 28, 2023
|
Bought 258 K USD
|
WELCH M SCOTT
Director |
+ 5000
|
51.65 USD |
|
1 year ago
Feb 16, 2023
|
Sell 91 K USD
|
ROSS STEVEN D
Director |
- 1300
|
70 USD |
|
1 year ago
Feb 16, 2023
|
Sell 70 K USD
|
Clark Kyra E
Senior Vice President |
- 1000
|
70 USD |
|
1 year ago
Mar 13, 2023
|
Bought 753 K USD
|
WELCH M SCOTT
Director |
+ 11715
|
64.3125 USD |
|
1 year ago
Mar 13, 2023
|
Bought 319 K USD
|
WELCH M SCOTT
Director |
+ 5000
|
63.75 USD |
|
1 year ago
Mar 10, 2023
|
Bought 321 K USD
|
WELCH M SCOTT
Director |
+ 4984
|
64.38 USD |
|
1 year ago
Mar 09, 2023
|
Bought 326 K USD
|
WELCH M SCOTT
Director |
+ 5016
|
64.97 USD |
|
1 year ago
Feb 17, 2023
|
Sell 35.3 K USD
|
Robinson-Gay Donald
Senior Vice President |
- 500
|
70.6504 USD |
|
1 year ago
Feb 17, 2023
|
Sell 28.8 K USD
|
Robinson-Gay Donald
Senior Vice President |
- 406
|
70.8432 USD |
|
1 year ago
Feb 16, 2023
|
Sell 235 K USD
|
Steiner Jonathan P
Senior Vice President |
- 3344
|
70.17 USD |
|
1 year ago
Feb 15, 2023
|
Sell 50.1 K USD
|
Donovan James Rickard
SVP, General Counsel |
- 712
|
70.38 USD |
|
1 year ago
Feb 15, 2023
|
Sell 38.7 K USD
|
Lahrman Brok A
SVP, Chief Accounting Officer |
- 550
|
70.3693 USD |
|
1 year ago
Feb 10, 2023
|
Sell 150 K USD
|
Leniski Stephanie R
Senior Vice President |
- 2157
|
69.6565 USD |
|
2 years ago
Nov 01, 2022
|
Sell 329 K USD
|
Augsburger Blake
Director |
- 4000
|
82.3077 USD |
|
2 years ago
Oct 28, 2022
|
Sell 3.93 M USD
|
KUBACKI MICHAEL L
Director |
- 47520
|
82.7908 USD |
|
2 years ago
Oct 28, 2022
|
Sell 25.6 K USD
|
Lahrman Brok A
SVP, Chief Accounting Officer |
- 312
|
82.0295 USD |
|
2 years ago
Sep 15, 2022
|
Sell 7.69 K USD
|
O'Neill Lisa M
EVP & CFO |
- 100
|
76.87 USD |
|
2 years ago
Sep 15, 2022
|
Sell 154 USD
|
O'Neill Lisa M
EVP & CFO |
- 2
|
76.82 USD |
|
2 years ago
Sep 15, 2022
|
Sell 15.4 K USD
|
O'Neill Lisa M
EVP & CFO |
- 200
|
76.81 USD |
|
2 years ago
Sep 15, 2022
|
Sell 23 K USD
|
O'Neill Lisa M
EVP & CFO |
- 300
|
76.8 USD |
|
2 years ago
Sep 15, 2022
|
Sell 38.2 K USD
|
O'Neill Lisa M
EVP & CFO |
- 498
|
76.75 USD |
|
2 years ago
Aug 02, 2022
|
Sell 18.7 K USD
|
Lahrman Brok A
SVP, Chief Accounting Officer |
- 250
|
74.9514 USD |
|
2 years ago
Aug 01, 2022
|
Sell 77 K USD
|
O'Neill Lisa M
EVP & CFO |
- 1000
|
76.98 USD |
|
2 years ago
Jun 13, 2022
|
Bought 50.8 K USD
|
BARTELS ROBERT E JR
director: |
+ 755
|
67.2924 USD |
|
2 years ago
May 26, 2022
|
Bought 20.5 K USD
|
BARTELS ROBERT E JR
director: |
+ 282
|
72.5538 USD |
|
2 years ago
Mar 15, 2022
|
Sell 10.5 K USD
|
O'Neill Lisa M
EVP & CFO |
- 128
|
82.33 USD |
|
2 years ago
Mar 15, 2022
|
Sell 8.22 K USD
|
O'Neill Lisa M
EVP & CFO |
- 100
|
82.25 USD |
|
2 years ago
Mar 15, 2022
|
Sell 8.22 K USD
|
O'Neill Lisa M
EVP & CFO |
- 100
|
82.23 USD |
|
2 years ago
Mar 15, 2022
|
Sell 75.8 K USD
|
O'Neill Lisa M
EVP & CFO |
- 922
|
82.2 USD |
|
2 years ago
Mar 15, 2022
|
Sell 43 K USD
|
Donovan James Rickard
SVP, General Counsel |
- 525
|
82 USD |
|
2 years ago
Mar 14, 2022
|
Sell 73.6 K USD
|
Pruitt Kristin
Executive Vice President |
- 900
|
81.8094 USD |
|
2 years ago
Feb 16, 2022
|
Sell 1.95 M USD
|
KUBACKI MICHAEL L
Director |
- 24000
|
81.3473 USD |
|
2 years ago
Feb 15, 2022
|
Sell 153 K USD
|
Steiner Jonathan P
Senior Vice President |
- 1866
|
82.1519 USD |
|
2 years ago
Feb 08, 2022
|
Sell 189 K USD
|
ROSS STEVEN D
Director |
- 2300
|
82 USD |
|
2 years ago
Feb 08, 2022
|
Sell 41.3 K USD
|
Leniski Stephanie R
Senior Vice President |
- 500
|
82.6807 USD |
|
2 years ago
Feb 08, 2022
|
Sell 123 K USD
|
Ottinger Eric H
Executive Vice President |
- 1488
|
82.5 USD |
|
2 years ago
Feb 08, 2022
|
Sell 172 K USD
|
Gavin Michael E
EVP & CCO |
- 2083
|
82.53 USD |
|
2 years ago
Jan 28, 2022
|
Sell 117 K USD
|
Steiner Jonathan P
Senior Vice President |
- 1500
|
78.3036 USD |
|
2 years ago
Jan 28, 2022
|
Sell 2.8 M USD
|
KUBACKI MICHAEL L
Director |
- 35597
|
78.5573 USD |
|
2 years ago
Jan 31, 2022
|
Sell 78.6 K USD
|
KUBACKI MICHAEL L
Director |
- 1000
|
78.5573 USD |
|
3 years ago
Nov 01, 2021
|
Bought 47.5 K USD
|
BARTELS ROBERT E JR
Director |
+ 660
|
72.0029 USD |
|
3 years ago
Aug 12, 2021
|
Sell 218 K USD
|
Gavin Michael E
EVP & CCO |
- 3000
|
72.5353 USD |
|
3 years ago
Sep 03, 2021
|
Sell 25.5 K USD
|
Pruitt Kristin
Executive Vice President |
- 375
|
68 USD |
|
3 years ago
Aug 16, 2021
|
Sell 211 K USD
|
Steiner Jonathan P
Senior Vice President |
- 3000
|
70.3853 USD |
|
3 years ago
Jul 30, 2021
|
Sell 17.1 K USD
|
Lahrman Brok A
SVP, Chief Accounting Officer |
- 250
|
68.527 USD |
|
3 years ago
Mar 17, 2021
|
Sell 215 K USD
|
Gavin Michael E
EVP & CCO |
- 3000
|
71.78 USD |
|
3 years ago
Mar 16, 2021
|
Sell 3.08 K USD
|
HIATT THOMAS
Director |
- 43
|
71.6 USD |
|
3 years ago
Mar 16, 2021
|
Sell 249 K USD
|
HIATT THOMAS
Director |
- 3470
|
71.7245 USD |
|
3 years ago
Mar 16, 2021
|
Sell 76.1 K USD
|
HIATT THOMAS
Director |
- 1063
|
71.563 USD |
|
3 years ago
Mar 10, 2021
|
Sell 382 K USD
|
WELCH M SCOTT
Director |
- 4995
|
76.5558 USD |
|
3 years ago
Mar 01, 2021
|
Sell 44.9 K USD
|
Hurford Jennifer M
SVP & Treasurer |
- 650
|
69.02 USD |
|
3 years ago
Feb 19, 2021
|
Sell 914 K USD
|
WELCH M SCOTT
Director |
- 14000
|
65.25 USD |
|
3 years ago
Feb 17, 2021
|
Sell 6.42 K USD
|
Leniski Stephanie R
Senior Vice President |
- 100
|
64.18 USD |
|
3 years ago
Feb 17, 2021
|
Sell 6.42 K USD
|
Leniski Stephanie R
Senior Vice President |
- 100
|
64.17 USD |
|
3 years ago
Feb 17, 2021
|
Sell 9.62 K USD
|
Leniski Stephanie R
Senior Vice President |
- 150
|
64.16 USD |
|
3 years ago
Feb 17, 2021
|
Sell 16 K USD
|
Leniski Stephanie R
Senior Vice President |
- 250
|
64.08 USD |
|
3 years ago
Feb 16, 2021
|
Sell 93.6 K USD
|
Ottinger Eric H
Executive Vice President |
- 1444
|
64.85 USD |
|
3 years ago
Feb 12, 2021
|
Sell 140 K USD
|
Steiner Jonathan P
Senior Vice President |
- 2195
|
63.8581 USD |
|
3 years ago
Feb 10, 2021
|
Sell 657 K USD
|
Smith Brian J
Director |
- 10076
|
65.1566 USD |
|
3 years ago
Feb 09, 2021
|
Sell 173 K USD
|
Gavin Michael E
EVP & CCO |
- 2657
|
65.2824 USD |
|
3 years ago
Feb 08, 2021
|
Sell 945 K USD
|
WELCH M SCOTT
Director |
- 15000
|
63 USD |
|
3 years ago
Feb 08, 2021
|
Sell 49.9 K USD
|
Donovan James Rickard
SVP, General Counsel |
- 800
|
62.3368 USD |
|
3 years ago
Feb 05, 2021
|
Sell 112 K USD
|
Pruitt Kristin
Executive Vice President |
- 1800
|
62.1 USD |
|
3 years ago
Feb 04, 2021
|
Sell 6.18 K USD
|
Ottinger Eric H
Executive Vice President |
- 100
|
61.84 USD |
|
3 years ago
Feb 04, 2021
|
Sell 117 K USD
|
Ottinger Eric H
Executive Vice President |
- 1900
|
61.82 USD |
|
3 years ago
Feb 05, 2021
|
Sell 155 K USD
|
O'Neill Lisa M
EVP & CFO |
- 2500
|
62.07 USD |
|
3 years ago
Feb 05, 2021
|
Sell 112 K USD
|
O'Neill Lisa M
EVP & CFO |
- 1800
|
62.05 USD |
|
3 years ago
Feb 05, 2021
|
Sell 6.21 K USD
|
O'Neill Lisa M
EVP & CFO |
- 100
|
62.06 USD |
|
3 years ago
Feb 05, 2021
|
Sell 6.21 K USD
|
O'Neill Lisa M
EVP & CFO |
- 100
|
62.09 USD |
|
3 years ago
Jan 29, 2021
|
Sell 2.99 M USD
|
KUBACKI MICHAEL L
Director |
- 50490
|
59.1245 USD |
7. News
Lake City Bank Promotes Carrie A. Gutman to Chief Wealth Advisory Officer
WARSAW, Ind., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Lake City Bank is pleased to announce that it has promoted Carrie A. Gutman, Senior Vice President, Chief Fiduciary Officer, to Chief Wealth Advisory Officer. Gutman, 54, will join the bank's Management Committee and succeeds Jonathan P. Steiner, Senior Vice President, Chief Wealth Advisory Officer, who will retire on December 6, 2024 after a 40-year career in banking and the last 14 years with Lake City Bank.
globenewswire.com
- 3 days ago
Lakeland Financial (LKFN) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Lakeland Financial (LKFN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 3 weeks ago
Lakeland Financial (LKFN) Q3 Earnings and Revenues Beat Estimates
Lakeland Financial (LKFN) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.98 per share a year ago.
zacks.com
- 3 weeks ago
Lakeland Financial Reports Third Quarter Net Income of $23.3 Million, Organic Loan Growth of 5% and Organic Deposit Growth of 4%
WARSAW, Ind., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $23.3 million for the three months ended September 30, 2024, which represents a decrease of $1.9 million, or 8%, compared with net income of $25.3 million for the three months ended September 30, 2023. Diluted earnings per share were $0.91 for the third quarter of 2024 and decreased $0.07, or 7%, compared to $0.98 for the third quarter of 2023. On a linked quarter basis, net income increased $789,000, or 3%, from second quarter 2024 net income of $22.5 million. Diluted earnings per share increased $0.04, or 5%, from $0.87 on a linked quarter basis.
globenewswire.com
- 3 weeks ago
Lake City Bank Expands Downtown Campus with Building Acquisition to become the Innovation and Technology Center
WARSAW, Ind., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Lake City Bank has purchased the 35,600 square foot three story office building at 122 E. Center Street, Warsaw, IN on August 30, 2024. The office building will significantly expand the bank's Warsaw Campus and support the continued growth of Lake City Bank. The newly acquired building will be substantially renovated and modernized and will be renamed the Lake City Bank Innovation and Technology Center. Lake City Bank has been headquartered in Warsaw since the bank was founded in 1872 and employs 279 employees in the Downtown Warsaw Campus, representing the largest employer in Downtown Warsaw.
globenewswire.com
- 2 months ago
Compared to Estimates, Lakeland Financial (LKFN) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Lakeland Financial (LKFN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 3 months ago
Lakeland Financial (LKFN) Misses Q2 Earnings Estimates
Lakeland Financial (LKFN) came out with quarterly earnings of $0.74 per share, missing the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.57 per share a year ago.
zacks.com
- 3 months ago
Lakeland Financial Reports Second Quarter Net Income of $22.5 million, and Reaches $5.0 Billion in Total Loans, Representing 5% Annual Average Loan Growth
WARSAW, Ind., July 25, 2024 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $22.5 million for the three months ended June 30, 2024, which represents an increase of $7.9 million, or 54%, compared with net income of $14.6 million for the three months ended June 30, 2023. Diluted earnings per share were $0.87 for the second quarter of 2024 and increased 53% compared to $0.57 for the second quarter of 2023. On a linked quarter basis, net income decreased $852,000, or 4%, from first quarter 2024 net income of $23.4 million and diluted earnings per share decreased $0.04 or 4% from $0.91 at March 31, 2024.
globenewswire.com
- 3 months ago
Lakeland Financial (LKFN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Lakeland Financial (LKFN) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 6 months ago
Lakeland Financial Reports First Quarter Net Income of $23.4 Million and 5% Annualized Average Loan Growth
WARSAW, Ind., April 25, 2024 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $23.4 million for the three months ended March 31, 2024, which represents a decrease of $877,000, or 4%, compared with net income of $24.3 million for the three months ended March 31, 2023. Diluted earnings per share were $0.91 for the first quarter of 2024 and decreased 3% compared to $0.94 for the first quarter of 2023. On a linked quarter basis, net income decreased $6.2 million, or 21%, from fourth quarter 2023 net income of $29.6 million. Diluted earnings per share decreased from $1.16, or 22%.
globenewswire.com
- 6 months ago
Lake City Bank to Participate in the KBW Winter Financial Services Conference
WARSAW, Ind., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Lake City Bank, the single bank subsidiary of Lakeland Financial Corporation (Nasdaq Global Select/LKFN), announced today that David Findlay, Chairman and CEO; Kristin Pruitt, President and Lisa O'Neill, EVP and CFO will participate in the Keefe, Bruyette & Woods Winter Financial Services Conference to be held February 14 to 16, where they will participate in a series of one-on-one meetings with institutional investors.
globenewswire.com
- 9 months ago
Best Momentum Stocks to Buy for February 5th
MOD, EZPW and LKFN made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 5, 2023.
zacks.com
- 9 months ago
8. Profile Summary
Lakeland Financial Corporation LKFN
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 1.87 B
Dividend Yield
0.74%
Description
Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans. The company also offers retail and merchant credit card services; corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; and mobile business banking and on-line treasury management services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. As of December 31, 2021, the company operated 51 offices in fifteen counties, including 45 offices in northern Indiana and six offices in central Indiana. Lakeland Financial Corporation was founded in 1872 and is headquartered in Warsaw, Indiana.
Contact
202 East Center Street, Warsaw, IN, 46581-1387
https://www.lakecitybank.com
IPO Date
Aug. 14, 1997
Employees
639
Officers
Ms. Stephanie R. Leniski
Senior Vice President & Chief Retail Banking Officer
Mr. Donald J. Robinson-Gay
Senior Vice President & Chief Credit Officer
Ms. Jennifer M. Hurford
Senior Vice President & Treasurer
Mr. Eric H. Ottinger
Executive Vice President & Chief Commercial Banking Officer
Ms. Kyra E. Clark
Senior Vice President & Chief Human Resource Officer
Mr. Brok A. Lahrman
Chief Accounting Officer & Senior Vice President of Finance
Mr. David M. Findlay
Chairman & Chief Executive Officer
Mr. Rickard James Donovan
Senior Vice President, General Counsel & Secretary
Mr. Jonathan P. Steiner
Senior Vice President & Chief Wealth Advisory Officer
Kirtus D. Murray
Senior Vice President of Consumer & Home Loans and Retail Lending Manager