Lakeland Financial Corporation (LKFN)
Market Cap | 1.72B |
Revenue (ttm) | 241.04M |
Net Income (ttm) | 93.77M |
Shares Out | 25.97M |
EPS (ttm) | 3.65 |
PE Ratio | 18.17 |
Forward PE | 18.59 |
Dividend | $1.92 (2.90%) |
Ex-Dividend Date | Jan 24, 2024 |
Volume | 161,537 |
Open | 65.49 |
Previous Close | 65.36 |
Day's Range | 64.92 - 67.08 |
52-Week Range | 43.05 - 73.22 |
Beta | 0.66 |
Analysts | Buy |
Price Target | 74.00 (+11.58%) |
Earnings Date | Jan 24, 2023 |
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, 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 StatementsAnalyst 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 11.58% from the latest price.
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...
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...
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...
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...
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...
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
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...
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...
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...
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...