Lakeland Financial Corporation (LKFN)
| Market Cap | 1.84B |
| Revenue (ttm) | 242.40M |
| Net Income (ttm) | 98.91M |
| Shares Out | 25.51M |
| EPS (ttm) | 3.85 |
| PE Ratio | 18.73 |
| Forward PE | 20.54 |
| Dividend | $1.92 (2.66%) |
| Ex-Dividend Date | Oct 25, 2024 |
| Volume | 76,622 |
| Open | 72.19 |
| Previous Close | 72.67 |
| Day's Range | 71.68 - 72.75 |
| 52-Week Range | 53.97 - 78.31 |
| Beta | 0.65 |
| Analysts | Hold |
| Price Target | 71.00 (-1.54%) |
| Earnings Date | Oct 25, 2024 |
About LKFN
Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. 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, construction, agri-business and agricultural, consumer 1-4 family mortgage, and other commercial and consumer loans. The company als... [Read more]
Financial Performance
In 2023, Lakeland Financial's revenue was $241.04 million, an increase of 2.41% compared to the previous year's $235.37 million. Earnings were $93.77 million, a decrease of -9.68%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for LKFN stock is "Hold." The 12-month stock price forecast is $71.0, which is a decrease of -1.54% from the latest price.
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 Of...
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 m...
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 buil...
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 m...
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 ...
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 a...
Lakeland Financial Reports Annual Net Income of $93.8 Million and 9% Annualized Average Loan Growth
WARSAW, Ind., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $93.8 million for the twelve ...
Lake City Bank Parent Announces 4% Increase in Quarterly Dividend
WARSAW, Ind., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, announced that the Board of Directors approved a quarterly...
David M. Findlay Appointed Chairman of the Board of Lake City Bank and Lakeland Financial Corporation
WARSAW, Ind., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), and Lake City Bank announced today that David M. Findlay has been appointed as Chairman of t...
Lakeland Financial Reports Net Income of $25.3 Million for the Third Quarter and 10% Annualized Average Loan Growth
WARSAW, Ind., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $25.3 million for the three m...
Lakeland Financial Reports 10% Loan Growth and Net Income of $14.6 million for the Second Quarter
WARSAW, Ind., July 21, 2023 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $14.6 million for the three m...
Lake City Bank and Lakeland Financial Corporation Announce Promotion of Kristin L. Pruitt to President
WARSAW, Ind., May 10, 2023 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), and Lake City Bank today announced that Kristin L. Pruitt has been promoted to President of b...
Lakeland Financial Reports Record First Quarter Performance; Balance Sheet Strength Highlights the Quarter
WARSAW, Ind., April 25, 2023 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record first quarter net income of $24.3 m...
Lake City Bank Named to KBW Bank Honor Roll of High Performing Banks for the 12th Consecutive Year
WARSAW, Ind., April 24, 2023 (GLOBE NEWSWIRE) -- Lake City Bank, the single bank subsidiary of Lakeland Financial Corporation (Nasdaq Global Select/LKFN), announced today that the bank's long term per...
Lake City Bank Opens Newest Branch at 16 Tech, the Bank's 53rd Office
WARSAW, Ind., April 24, 2023 (GLOBE NEWSWIRE) -- Lake City Bank opened its 53rd office in the 16 Tech Innovation District on April 10. The new branch is located inside the AMP food and event hall at 1...
Lake City Bank Receives Dual Bank On Account Certification from Cities for Financial Empowerment Fund
WARSAW, Ind., March 01, 2023 (GLOBE NEWSWIRE) -- Lake City Bank's Essential Checking and Getting Ahead Checking accounts were recently certified by the national Cities for Financial Empowerment Fund (...
Lakeland Financial Reports Record Annual Performance; Record Annual Net Income Improves by 8% to $103.8 Million
WARSAW, Ind., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record full year net income of $103.8 milli...
Lake City Bank Parent Announces 15% Increase in Quarterly Dividend
WARSAW, Ind., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, announced that the Board of Directors approved a quarterly...
Lake City Bank Named Best Small Bank in Indiana in National Ranking from Newsweek
WARSAW, Ind., Dec. 19, 2022 (GLOBE NEWSWIRE) -- Lake City Bank was named the Best Small Bank in Indiana in America's Best Banks 2023 ranking from Newsweek and Lending Tree.
Lakeland Financial Reports Record Quarterly Performance; Year-to-Date Record Net Income Improves by 9% to $77.8 million
WARSAW, Ind., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record third quarter net income of $28.5 mi...
Lakeland Financial Reports Record Second Quarter 2022 Performance; Year-to-Date Record Net Income Improves by 4% to $49.3 million
WARSAW, Ind., July 25, 2022 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record second quarter net income of $25.7 m...