$LKFN Market Cap: $1.913 Billion
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Financial Snapshot

Revenue
$373.2M
TTM
Gross Margin
Net Earnings
$93.48M
TTM
Current Assets
Current Liabilities
Current Ratio
Total Assets
$6.678B
Q4 2024
Total Liabilities
$5.994B
Q4 2024
Book Value
$683.9M
Q4 2024
Cash
$168.2M
Q4 2024
P/E
20.46
Nov 29, 2024 EST
Free Cash Flow
$57.15M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Revenue $373.2M $343.3M $239.6M $193.2M $193.1M $215.2M $199.0M $165.7M $139.0M $122.5M $117.3M $107.7M $114.4M $121.9M
YoY Change 8.71% 43.29% 23.99% 0.06% -10.27% 8.16% 20.08% 19.25% 13.39% 4.48% 8.87% -5.8% -6.17%

Expenses

Cost Of Revenues

No data

Gross Profit

No data

Gross Profit Margin

No data

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Revenue $373.2M $343.3M $239.6M $193.2M $193.1M $215.2M $199.0M $165.7M $139.0M $122.5M $117.3M $107.7M $114.4M $121.9M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

No data

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

No data

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

No data

Operating Expenses Total

No data

Operating Profits/Loss

No data

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.953M $6.173M $6.020M $6.105M $6.042M $5.930M $5.654M $5.119M $4.229M $3.758M $3.412M $2.993M $2.790M $2.279M $2.300M $2.500M $2.100M $1.900M $1.900M $2.000M $2.300M $2.400M $2.500M $3.100M $3.300M $3.400M $2.700M $1.400M $1.300M
YoY Change -3.56% 2.54% -1.39% 1.04% 1.89% 4.88% 10.45% 21.05% 12.53% 10.14% 14.0% 7.28% 22.42% -0.91% -8.0% 19.05% 10.53% 0.0% -5.0% -13.04% -4.17% -4.0% -19.35% -6.06% -2.94% 25.93% 92.86% 7.69% 8.33%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

No data

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Interest Expense $146.2M $36.68M $15.13M $30.10M $60.16M $47.70M $29.81M $20.47M $16.61M $14.99M $17.30M $26.70M $29.81M
YoY Change 298.67% 142.42% -49.72% -49.98% 26.13% 60.03% 45.61% 23.22% 10.86% -13.37% -35.21% -10.45%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Pretax Income $111.7M $110.3M $125.2M $117.4M $103.9M $107.4M $98.94M $89.63M $77.22M $69.20M $66.19M $58.40M $52.58M $45.38M $36.80M $27.80M $28.90M $27.60M $28.20M $27.40M $21.80M $20.70M $18.90M $14.90M $13.40M $12.40M $11.80M $11.50M $9.900M
YoY Change 1.23% -11.85% 6.57% 13.06% -3.27% 8.53% 10.39% 16.08% 11.59% 4.55% 13.34% 11.07% 15.86% 23.32% 32.37% -3.81% 4.71% -2.13% 2.92% 25.69% 5.31% 9.52% 26.85% 11.19% 8.06% 5.08% 2.61% 16.16% 13.79%
Income Tax $18.21M $16.57M $21.35M $21.71M $19.54M $20.34M $18.53M $32.30M $25.13M $22.83M $22.39M $19.56M $17.18M $14.72M $12.20M $8.900M $9.200M $8.400M $9.500M $9.500M $7.300M $6.800M $6.500M $4.700M $4.100M $4.100M $3.900M $3.900M $3.500M
% Of Pretax Income 16.31% 15.01% 17.06% 18.49% 18.81% 18.94% 18.73% 36.04% 32.55% 33.0% 33.82% 33.49% 32.68% 32.43% 33.15% 32.01% 31.83% 30.43% 33.69% 34.67% 33.49% 32.85% 34.39% 31.54% 30.6% 33.06% 33.05% 33.91% 35.35%
Net Earnings $93.48M $93.77M $103.8M $95.73M $84.34M $87.05M $80.41M $57.33M $52.08M $46.37M $43.81M $38.84M $35.39M $30.66M $24.50M $19.00M $19.70M $19.20M $18.70M $18.00M $14.50M $13.90M $12.40M $10.10M $9.300M $8.300M $7.900M $7.500M $6.400M
YoY Change -0.31% -9.68% 8.44% 13.51% -3.11% 8.25% 40.26% 10.07% 12.33% 5.85% 12.79% 9.73% 15.43% 25.15% 28.95% -3.55% 2.6% 2.67% 3.89% 24.14% 4.32% 12.1% 22.77% 8.6% 12.05% 5.06% 5.33% 17.19% 14.29%
Net Earnings / Revenue 25.05% 27.32% 43.34% 49.55% 43.67% 40.45% 40.41% 34.6% 37.48% 37.84% 37.35% 36.05% 30.95% 25.16%
Basic Earnings Per Share $3.64 $3.67 $4.07 $3.76 $3.31 $3.40 $3.18 $2.28 $2.08 $1.86 $1.77 $2.36 $2.17 $1.89
Diluted Earnings Per Share $3.63 $3.65 $4.038M $3.74 $3.30 $3.38 $3.13 $2.23 $2.05 $1.84 $1.74 $2.33 $2.15 $1.88 $1.008M $979.4K $1.053M $1.032M $1.005M $978.3K $796.7K $772.2K $692.7K $577.1K $534.5K $477.0K $454.0K $431.0K $367.8K

Assets & Liabilities

Cash & Short-Term Investments

No data

Cash & Equivalents

Cash To Operating Expenses Ratio

No data

Inventory

No data

Receivables

No data

Total Short-Term Assets

No data

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

No data

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

No data

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $57.90M $58.10M $63.50M $64.00M $65.30M $58.10M $56.50M $52.10M $46.70M $42.00M $39.30M $34.80M $34.70M $30.40M $29.60M $30.50M $27.50M $25.20M $24.60M $25.10M $26.20M $24.80M $24.30M $27.30M $27.80M $26.40M $23.10M $16.00M
YoY Change -0.34% -8.51% -0.78% -1.99% 12.39% 2.83% 8.45% 11.56% 11.19% 6.87% 12.93% 0.29% 14.14% 2.7% -2.95% 10.91% 9.13% 2.44% -1.99% -4.2% 5.65% 2.06% -10.99% -1.8% 5.3% 14.29% 44.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets $6.524B $6.432B $6.557B $5.830B $4.947B $4.875B $4.683B $4.290B $3.766B $3.443B $3.176B $3.064B $2.890B $2.682B $2.572B $2.377B $1.989B $1.837B $1.635B $1.453B $1.271B $1.249B $1.138B $1.149B $1.040B $978.9M $796.5M $656.6M
YoY Change
Accounts Payable $20.89M $3.186M $2.600M $6.000M $11.60M $10.40M $6.300M $5.700M $3.800M $2.900M $2.900M $4.800M
YoY Change 555.78% 22.54% -56.67% -48.28% 11.54% 65.08% 10.53% 50.0% 31.03% 0.0% -39.58%
Accrued Expenses $4.695M $5.296M $4.200M $4.700M $5.100M $13.60M $11.50M $14.00M $17.20M $15.50M $12.00M $10.40M $7.400M $7.800M $12.50M $6.100M $6.700M $4.800M $6.500M $5.000M $5.000M
YoY Change -11.35% 26.1% -10.64% -7.84% 18.26% -17.86% -18.6% 10.97% 29.17% 15.38% 40.54% -5.13% -37.6% 104.92% -8.96% 39.58% -26.15% 30.0% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $22.00M $0.00 $75.60M $70.70M $230.0M $69.60M $55.40M $261.9M $121.9M $142.0M $174.1M $354.1M $202.6M $316.2M $187.5M $211.5M $185.7M $184.8M $185.0M $232.1M $200.1M $195.4M $135.7M $84.10M $88.40M
YoY Change -100.0% -100.0% 6.93% -69.26% 230.46% 25.63% -78.85% 114.85% -14.15% -18.44% -50.83% 74.78% -35.93% 68.64% -11.35% 13.89% 0.49% -0.11% -20.29% 15.99% 2.41% 43.99% 61.36% -4.86%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $20.89M $3.186M $6.800M $10.70M $16.70M $10.40M $6.300M $5.700M $3.800M $2.900M $2.900M $4.800M $13.60M $11.50M $14.00M $17.20M $15.50M $12.00M $10.40M $7.400M $7.800M $12.50M $6.100M $6.700M $4.800M $6.500M $5.000M $5.000M
YoY Change 555.78% -53.15% -36.45% -35.93% 60.58% 65.08% 10.53% 50.0% 31.03% 0.0% -39.58% -64.71% 18.26% -17.86% -18.6% 10.97% 29.17% 15.38% 40.54% -5.13% -37.6% 104.92% -8.96% 39.58% -26.15% 30.0% 0.0%
Long-Term Debt $0.00 $0.00 $0.00 $10.50M $0.00 $30.90M $30.90M $30.90M $30.90M $30.90M $30.90M $30.90M $30.90M $30.90M $30.90M $30.90M $30.90M $30.90M $30.90M $30.90M $30.90M $20.60M $19.30M $19.30M $19.30M $19.20M $19.20M $0.00
YoY Change -100.0% -100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 50.0% 6.74% 0.0% 0.0% 0.52% 0.0%
Other Long-Term Liabilities $82.82M $102.7M $35.20M $40.30M $28.10M $22.60M $17.70M $18.40M $15.60M $14.50M $12.00M $12.00M $2.200M $2.300M $1.200M $1.400M $1.300M $300.0K $2.100M $1.900M $1.500M $2.400M $1.800M $1.400M $1.500M $1.600M $1.500M $1.000M
YoY Change -19.34% 191.7% -12.66% 43.42% 24.34% 27.68% -3.8% 17.95% 7.59% 20.83% 0.0% 445.45% -4.35% 91.67% -14.29% 7.69% 333.33% -85.71% 10.53% 26.67% -37.5% 33.33% 28.57% -6.67% -6.25% 6.67% 50.0%
Total Long-Term Liabilities $82.82M $102.7M $35.20M $50.80M $28.10M $53.50M $48.60M $49.30M $46.50M $45.40M $42.90M $42.90M $33.10M $33.20M $32.10M $32.30M $32.20M $31.20M $33.00M $32.80M $32.40M $23.00M $21.10M $20.70M $20.80M $20.80M $20.70M $1.000M
YoY Change -19.34% 191.7% -30.71% 80.78% -47.48% 10.08% -1.42% 6.02% 2.42% 5.83% 0.0% 29.61% -0.3% 3.43% -0.62% 0.31% 3.21% -5.45% 0.61% 1.23% 40.87% 9.0% 1.93% -0.48% 0.0% 0.48% 1970.0%
Total Liabilities $5.874B $5.864B $5.853B $5.173B $4.349B $4.354B $4.214B $3.863B $3.374B $3.082B $2.854B $2.766B $2.617B $2.435B $2.292B $2.228B $1.843B $1.707B $1.521B $1.351B $1.181B $1.165B $1.064B $1.084B $985.6M $923.8M $748.2M $614.5M
YoY Change 0.18% 0.19% 13.13% 18.96% -0.11% 3.3% 9.1% 14.51% 9.46% 7.99% 3.16% 5.73% 7.46% 6.26% 2.87% 20.87% 7.99% 12.17% 12.57% 14.39% 1.39% 9.49% -1.84% 10.0% 6.69% 23.47% 21.76%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Basic Shares Outstanding 25.68M shares 25.60M shares 25.53M shares 25.48M shares 25.47M shares 25.59M shares 25.29M 25.18M 25.06M 24.93M shares 24.80M shares 16.44M shares 16.32M shares 16.20M shares
Diluted Shares Outstanding 25.77M shares 25.72M shares 25.71M shares 25.62M shares 25.57M shares 25.76M shares 25.73M 25.66M 25.46M 25.25M shares 25.17M shares 16.63M shares 16.48M shares 16.32M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $1.9127 Billion

About LAKELAND FINANCIAL CORP

Lakeland Financial Corp. is a bank holding company, which engages in the provision of banking products and services. The company is headquartered in Warsaw Indiana, Indiana and currently employs 608 full-time employees. The company offers commercial and consumer banking services, and trust and wealth management, brokerage, and treasury management commercial services. The company serves a diverse customer base, including commercial customers across a wide variety of industries, including commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care. The Bank serves Central and Northern Indiana communities with 54 branch offices in 15 counties and a robust digital banking platform. The Bank’s deposits are insured by the Federal Deposit Insurance Corporation (the FDIC) to the maximum extent provided under federal law and FDIC regulations. The company also provides credit card services to retail and commercial customers.

Industry: State Commercial Banks Peers: BANNER CORP FB Financial Corp HEARTLAND FINANCIAL USA INC RENASANT CORP PNC FINANCIAL SERVICES GROUP, INC. Stock Yards Bancorp, Inc. SEACOAST BANKING CORP OF FLORIDA TRUSTMARK CORP WAFD INC