Lakeland Financial Corporation (LKFN)

NASDAQ: LKFN · IEX Real-Time Price · USD
58.68
-0.66 (-1.11%)
Apr 17, 2024, 4:00 PM EDT - Market closed
-1.11%
Market Cap 1.52B
Revenue (ttm) 241.04M
Net Income (ttm) 93.77M
Shares Out 25.97M
EPS (ttm) 3.65
PE Ratio 16.08
Forward PE 16.51
Dividend $1.92 (3.27%)
Ex-Dividend Date Apr 24, 2024
Volume 73,161
Open 60.18
Previous Close 59.34
Day's Range 58.64 - 60.18
52-Week Range 43.05 - 73.22
Beta 0.66
Analysts Buy
Price Target 74.00 (+26.11%)
Earnings Date Apr 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]

Sector Financials
IPO Date Aug 15, 1997
Employees 655
Stock Exchange NASDAQ
Ticker Symbol LKFN
Full Company Profile

Financial Performance

In 2023, LKFN'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 Statements

Analyst Forecast

According to 2 analysts, the average rating for LKFN stock is "Buy." The 12-month stock price forecast is $74.0, which is an increase of 26.11% from the latest price.

Price Target
$74.0
(26.11% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

2 months ago - GlobeNewsWire

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 ...

2 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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 (...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

Daily Dividend Report: AON, Metlife, Cintas, Realty Income, International Paper, Lakeland Financial

Daily Dividend Report: AON, Metlife, Cintas, Realty Income, International Paper, Lakeland Financial

Other symbols: AONCTASIPMETO
1 year ago - Forbes

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...

1 year ago - GlobeNewsWire

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.

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

Lake City Bank Launches 150th Anniversary Celebration; Supports Community Foundations

WARSAW, Ind., May 17, 2022 (GLOBE NEWSWIRE) -- Today Lake City Bank launches its 150th anniversary celebration, a year-long commemoration of the bank's history and commitment to the communities it ser...

2 years ago - GlobeNewsWire

Lake City Bank Named to KBW Bank Honor Roll of High Performing Banks for the 11th Consecutive Year

WARSAW, Ind., April 26, 2022 (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...

2 years ago - GlobeNewsWire

Lakeland Financial Reports Record First Quarter 2022 Performance

WARSAW, Ind., April 25, 2022 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record first quarter net income of $23.6 m...

2 years ago - GlobeNewsWire

Lakeland Financial Reports Record Annual Performance

Year-to-Date Record Net Income Improves by 13% to $95.7 Million Year-to-Date Record Net Income Improves by 13% to $95.7 Million

2 years ago - GlobeNewsWire

Faraz Abbasi Appointed to Lakeland Financial Corporation and Lake City Bank Boards

WARSAW, Ind., Jan. 14, 2022 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN) and Lake City Bank announced today that Faraz Abbasi has been appointed to its respective Boa...

2 years ago - GlobeNewsWire

3 Stocks Giving Inflation-Beating Dividend Raises

Inflation continues to rear its ugly head, with the consumer price index rising 7% in December. The consumer price index was up 0.5% on a monthly basis, but there is no question that consumers are fee...

Other symbols: ALLYJEF
2 years ago - GuruFocus

Lake City Bank Parent Announces 18% Increase in Quarterly Dividend

WARSAW, Ind., Jan. 11, 2022 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, announced that the Board of Directors approved a quarterly...

2 years ago - GlobeNewsWire

Lakeland Financial Reports Record Third Quarter 2021 Performance; Year-to-Date Record Net Income Improves by 20% to $71.5 Million

WARSAW, Ind., Oct. 25, 2021 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record third quarter net income of $24.1 mi...

2 years ago - GlobeNewsWire