Lakeland Financial Corporation(LKFN) Stock Research - Grey Stern Research
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Lakeland Financial Corporation (LKFN) Stock Analysis

$75.51 (4.32%)

LKFN Financial Performance


Use the table below to view Lakeland Financial Corporation's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2024

Metric Value Ranking among Peers
Price $75.51 -
52 Week Low $50.36 -
52 Week High $78.31 -
Market Cap $1.9 Billion 2/15
Gross Margin 100% 1/15
Profit Margin 25% 2/15
EBITDA margin 29% 3/15
Q2 - 2024 Revenue $95.0 Million 2/15
Q2 - 2024 Earnings $23.3 Million 2/15
Q2 - 2024 Free Cash Flow $0 Million 4/15
Trailing 4 Quarters Revenue $403.8 Million 3/15
Trailing 4 Quarters Earnings $98.9 Million 3/15
Quarterly Earnings Growth -8% 8/15
Annual Earnings Growth 43% 2/15
Quarterly Revenue Growth 7% 14/15
Annual Revenue Growth 50% 8/15
Cash On Hand $86.8 Million 3/15
Short Term Debt $30.0 Million 6/15
Long Term Debt $0 14/15

Lakeland Financial Corporation Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Lakeland Financial Corporation's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 19.47 7/15
PS 4.77 3/15
PB 2.75 1/15
PC 22.19 2/15
Liabilities to Equity 8.51 7/15
ROA 0.01 3/15
ROE 0.14 3/15
Current Ratio 1.12 7/15
Quick Ratio 0.03 2/15
Long Term Debt to Equity 0.00 14/15
Debt to Equity 0.04 14/15
Burn Rate -5.48 13/15
Cash to Cap 0.05 5/15
CCR 5/15
EV to EBITDA 67.39 6/15
EV to Revenue 4.63 4/15

Company Details

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.

CEO: Mr. David Findlay

Website: https://www.lakecitybank.com

Address: 202 E Center St, PO Box 1387 Warsaw Indiana, INDIANA

Exchange: NASDAQ Global Select

Industry: Banks—Regional

Lakeland Financial Corporation Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Lakeland Financial Corporation. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
First Financial Bancorp. FFBC $2.8 Billion
Heritage Financial Corporation HFWA $919.4 Million
German American Bancorp, Inc. GABC $1.4 Billion
Heritage Commerce Corp HTBK $665.0 Million
Independent Bank Corporation IBCP $814.7 Million
Mercantile Bank Corporation MBWM $812.9 Million
Northfield Bancorp, Inc. (Staten Island, NY) NFBK $608.9 Million
The First Bancshares, Inc. FBMS $1.2 Billion
First Northwest Bancorp FNWB $97.4 Million
First Financial Northwest, Inc. FFNW $207.1 Million
Community West Bancshares CWBC $383.5 Million
Home Bancorp, Inc. HBCP $416.3 Million
Lake Shore Bancorp, Inc. LSBK $76.2 Million
Finward Bancorp FNWD $132.7 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
LKFN Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 95.0 Million $23.3 Million
Q2 2024 $ 114.2 Million $22.5 Million
Q1 2024 $ 103.6 Million $23.4 Million
Q4 2023 $ 90.9 Million $29.6 Million
Q3 2023 $ 88.6 Million $25.3 Million
Q2 2023 $ 60.0 Million $14.6 Million
Q1 2023 $ 58.4 Million $24.3 Million
Q4 2022 $ 64.0 Million $26.0 Million

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LKFN Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $86.8 Million $6.6 Billion $30.0 Million $699.2 Million
Q2 2024 $60.9 Million $6.6 Billion $55.0 Million $654.6 Million
Q1 2024 $55.5 Million $6.6 Billion $200.0 Million $647.0 Million
Q4 2023 $69.6 Million $6.1 Billion $13.3 Million $2.1 Billion
Q3 2023 $68.7 Million $6.1 Billion $227.6 Million $2.1 Billion
Q2 2023 $173.1 Million $6.5 Billion $400.0 Million $591.9 Million
Q1 2023 $153.5 Million $6.4 Billion $200.0 Million $601.9 Million
Q4 2022 $130.3 Million $6.4 Billion $275.0 Million $568.8 Million

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LKFN Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2024 $0 $0 $0
Q1 2024 $0 $0 $0
Q4 2023 $48.6 Million $0 $48.6 Million
Q3 2023 $48.4 Million $0 $48.4 Million
Q2 2023 $48.5 Million $0 $48.5 Million
Q1 2023 $25.3 Million -$2.2 Million $23.2 Million
Q4 2022 $33.3 Million -$1.1 Million -$74.5 Million
Q3 2022 $42.3 Million -$1.4 Million $35.3 Million

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