Lakeland Financial Corp
lakecitybank.comWhat Do They Do?
Provides commercial and consumer banking, wealth and brokerage services, and treasury management to businesses and consumers in Northern and Central Indiana.
10-K for FY2025, filed Feb 25, 2026
How Do They Make Money?
The bank earns fees from trust customers for managing assets and receives brokerage commissions from Cetera based on customer activity. Asset-management and account-maintenance fees accrue over service periods, while transaction fees are earned when transactions occur and brokerage commissions are paid monthly.
10-K for FY2025, filed Feb 25, 2026The Company provides wealth advisory services to its customers and earns fees from its contracts with trust customers to manage assets for…View ↗
The Company provides investment brokerage services through a full service brokerage and investment and advisory firm, Cetera Investment…View ↗
The Company earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based…View ↗
The Company provides the ability to transact on certain deposit accounts through the use of debit cards by outsourcing the services through…View ↗
$373.7M
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10-K for FY2025, filed Feb 25, 2026
$373.7M ↗
Who Are Their Customers?
Businesses across a range of industries and individual consumers use Lake City Bank's community banking network in Northern and Central Indiana for banking, wealth and treasury services.
10-K for FY2025, filed Feb 25, 2026Lakeland Financial Corporation ("Lakeland Financial"), an Indiana corporation incorporated in 1983, is a bank holding company headquartered…View ↗
Bank’s Business. The Bank was originally organized in 1872 and has continuously operated under the laws of the State of Indiana since its…View ↗
The Bank’s business strategy is focused on building long-term relationships with its customers based on in person, top-quality service…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 28 cents of every revenue dollar as net income in FY2025 and turned 28 cents into free cash flow.
How Are They Changing?
Growing. Revenue grew 93% in 4 years, from $193.2M in FY2021 to $373.7M in FY2025, about 18% a year.
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