Lakeland Financial Corporation logo

Lakeland Financial Corporation

LKFN

NASDAQFinancial ServicesBanks - Regional

Regular session

$60.55

+$0.29 · +0.48%

Aug 24, 10:41 AM ET

LKFN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

51

Fair Value

Momentum

45

Neutral

Sentiment

58

Mixed

Risk resilience

73

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Lakeland Financial Corporation serves as the parent organization for Lake City Bank, offering a broad spectrum of banking and financial solutions. The company manages various deposit accounts, including non-interest-bearing and interest-bearing checking, savings, money market, NOW, and demand deposits. Its lending portfolio is diverse, providing commercial and industrial loans, financing for commercial real estate and multi-family residences, agri-business and agricultural loans, and a variety of consumer loans, such as 1-4 family mortgages. Beyond traditional banking, Lakeland Financial offers retail and merchant credit card services, advanced corporate treasury management, wealth advisory, and trust administration. It also facilitates retail brokerage, featuring investment vehicles like annuities and life insurance, and supports clients with mobile business banking and online treasury management platforms. The firm caters to a wide range of sectors, including commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, hospitality, and healthcare industries. Established in 1872, Lakeland Financial Corporation is headquartered in Warsaw, Indiana. As of December 31, 2021, it operated an extensive network of 51 branches across fifteen counties, with 45 located in northern Indiana and six in central Indiana.

Industry
Banks - Regional
Sector
Financial Services
Headquarters
US
CEO
David Findlay
Listed since
Aug 14, 1997
Employees
695

Market position

Day range

Current $60.55

52-week range

Current $60.55

Open
$60.16
Previous close
$60.26
Volume
8.31K
0.04× average
Average volume
189.24K
Average daily volume
Market cap
1.51B USD
Beta
0.72
Market reference 1
50-day average
$61.661
-1.80% below average
200-day average
$59.7215
+1.39% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.59B USD
P/E (TTM)
13.82×
P/B (TTM)
1.96×
P/S (TTM)
3.53×
EV / EBITDA
12.19×
Earnings yield
7.07%
Free cash flow yield
7.10%
Dividend yield
3.40%

Profitability & efficiency

Gross margin
64.08%
Operating margin
31.81%
Net margin
26.04%
Return on equity
13.56%
Return on assets
1.48%
Return on invested capital
10.40%

Financial health

Debt / equity
0.09×
Current ratio
0.03×
Altman Z-score
0.42
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends100%72%43%15%Gross margin, FY2021: 93.19%Gross margin, FY2022: 83.64%Gross margin, FY2023: 61.31%Gross margin, FY2024: 55.06%Gross margin, FY2025: 60.99%Operating margin, FY2021: 49.36%Operating margin, FY2022: 44.47%Operating margin, FY2023: 28.07%Operating margin, FY2024: 25.97%Operating margin, FY2025: 29.78%Net margin, FY2021: 40.23%Net margin, FY2022: 36.89%Net margin, FY2023: 23.85%Net margin, FY2024: 21.74%Net margin, FY2025: 24.51%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 93.19%. Gross margin FY2022 83.64%. Gross margin FY2023 61.31%. Gross margin FY2024 55.06%. Gross margin FY2025 60.99%. Operating margin FY2021 49.36%. Operating margin FY2022 44.47%. Operating margin FY2023 28.07%. Operating margin FY2024 25.97%. Operating margin FY2025 29.78%. Net margin FY2021 40.23%. Net margin FY2022 36.89%. Net margin FY2023 23.85%. Net margin FY2024 21.74%. Net margin FY2025 24.51%.

Income trends

Revenue

421.71M USD-1.93%

Operating income

125.58M USD+12.44%

Net income

103.36M USD+10.57%
Income trends across reported periods463.65M USD329.04M USD194.44M USD59.83M USDRevenue, FY2021: 237.94M USDRevenue, FY2022: 281.43M USDRevenue, FY2023: 393.13M USDRevenue, FY2024: 430M USDRevenue, FY2025: 421.71M USDOperating income, FY2021: 117.44M USDOperating income, FY2022: 125.16M USDOperating income, FY2023: 110.33M USDOperating income, FY2024: 111.69M USDOperating income, FY2025: 125.58M USDNet income, FY2021: 95.73M USDNet income, FY2022: 103.82M USDNet income, FY2023: 93.77M USDNet income, FY2024: 93.48M USDNet income, FY2025: 103.36M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 237.94M USD. Revenue FY2022 281.43M USD. Revenue FY2023 393.13M USD. Revenue FY2024 430M USD. Revenue FY2025 421.71M USD. Operating income FY2021 117.44M USD. Operating income FY2022 125.16M USD. Operating income FY2023 110.33M USD. Operating income FY2024 111.69M USD. Operating income FY2025 125.58M USD. Net income FY2021 95.73M USD. Net income FY2022 103.82M USD. Net income FY2023 93.77M USD. Net income FY2024 93.48M USD. Net income FY2025 103.36M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue421.71M USD430M USD393.13M USD281.43M USD237.94M USD
Cost of goods sold164.52M USD193.23M USD152.08M USD46.06M USD16.21M USD
Gross profit257.19M USD236.77M USD241.04M USD235.37M USD221.73M USD
Selling, general, and administrative74.49M USD70.19M USD62.51M USD60.53M USD60.12M USD
Operating expenses131.61M USD125.08M USD130.71M USD110.21M USD104.29M USD
Interest income373.74M USD373.16M USD343.27M USD239.57M USD193.22M USD
Interest expense152.72M USD176.48M USD146.23M USD36.68M USD15.13M USD
Depreciation and amortization4.79M USD5.95M USD6.17M USD6.78M USD8.39M USD
Operating income125.58M USD111.69M USD110.33M USD125.16M USD117.44M USD
Net income103.36M USD93.48M USD93.77M USD103.82M USD95.73M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+6.01%
11 comparable reports
Latest EPS result
1.13
Estimate 1.08 · Beat by 4.63%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.211.050.890.73Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 24, 2025: actual 0.94, estimate 0.89, surprise +5.62%, Beat. Q2 2025, reported Apr 25, 2025: actual 0.78, estimate 0.87, surprise -10.34%, Miss. Q3 2025, reported Jul 25, 2025: actual 1.04, estimate 0.93, surprise +11.83%, Beat. Q4 2025, reported Oct 27, 2025: actual 1.03, estimate 1.04, surprise -0.96%, Miss. Q1 2026, reported Jan 26, 2026: actual 1.16, estimate 1.05, surprise +10.48%, Beat. Q2 2026, reported Apr 27, 2026: actual 1.04, estimate 1.01, surprise +2.97%, Beat. Q3 2026, reported Jul 27, 2026: actual 1.13, estimate 1.08, surprise +4.63%, Beat. Q4 2026, reported Oct 26, 2026: actual —, estimate 1.09, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates76.71M70.99M65.26M59.54MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 24, 2025: actual 63.57M USD, estimate 62.49M USD, surprise +1.73%, Beat. Q2 2025, reported Apr 25, 2025: actual 63.8M USD, estimate 64M USD, surprise -0.31%, Miss. Q3 2025, reported Jul 25, 2025: actual 66.36M USD, estimate 68.75M USD, surprise -3.48%, Miss. Q4 2025, reported Oct 27, 2025: actual 69.03M USD, estimate 69.15M USD, surprise -0.18%, Miss. Q1 2026, reported Jan 26, 2026: actual 69.8M USD, estimate 69.45M USD, surprise +0.50%, Beat. Q2 2026, reported Apr 27, 2026: actual 69.71M USD, estimate 70.42M USD, surprise -1.01%, Miss. Q3 2026, reported Jul 27, 2026: actual 70.87M USD, estimate 72.11M USD, surprise -1.72%, Miss. Q4 2026, reported Oct 26, 2026: actual —, estimate 73.76M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$68.67

13.41% upside
Past 12 months12-month forecastHigh $72.00Average $68.67Low $66.00

Rating distribution

10 ratings
Strong buy00%
Buy330%
Hold770%
Sell00%
Strong sell00%

Recent analyst actions

4 institutions
Stephens & Co.maintainEqual Weight

LKFN news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.00

2025 complete year+47.1% since 2021

2026 partial: $1.56

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 24, 2026

$0.52

Quarterly

Record Jul 25, 2026 · Payment Aug 5, 2026

Dividend

Ex-dividend Apr 24, 2026

$0.52

Quarterly

Record Apr 25, 2026 · Payment May 5, 2026

Dividend

Ex-dividend Jan 23, 2026

$0.52

Quarterly

Record Jan 25, 2026 · Payment Feb 5, 2026

Dividend

Ex-dividend Oct 24, 2025

$0.50

Quarterly

Record Oct 25, 2025 · Payment Nov 5, 2025

Dividend

Ex-dividend Jul 25, 2025

$0.50

Quarterly

Record Jul 25, 2025 · Payment Aug 5, 2025

Dividend

Ex-dividend Apr 25, 2025

$0.50

Quarterly

Record Apr 25, 2025 · Payment May 5, 2025

LKFN peers

ETFs holding LKFN

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research LKFN

research.disclaimer