Lakeland Financial Corporation (LKFN)

Lakeland Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	337.04	337.77	308.02	203.67	170.55
Interest Income on Investments	36.69	35.39	35.25	35.9	22.67
Total Interest Income	373.74	373.16	343.27	239.57	193.22
Interest Paid on Deposits	150.73	172.76	137.79	36.28	14.83
Interest Paid on Borrowings	1.99	3.72	8.44	0.4	0.3
Total Interest Expense	152.72	176.48	146.23	36.68	15.13
Net Interest Income	221.02	196.68	197.04	202.89	178.09
Net Interest Income Growth (YoY)	12.37%	-0.18%	-2.88%	13.93%	9.25%
Trust Income	11.37	10.47	9.08	8.64	8.75
Mortgage Banking Activities	0.13	0.12	-0.25	0.63	1.42
Gain (Loss) on Sale of Investments	-	8.95	-0.03	0.02	0.8
Other Non-Interest Income	25	26.15	30.28	20.98	23.15
Total Non-Interest Income	47.97	56.84	49.86	41.86	44.72
Non-Interest Income Growth (YoY)	-15.61%	14.01%	19.10%	-6.39%	-4.53%
Revenues Before Loan Losses	268.99	253.52	246.89	244.75	222.81
Provision for Loan Losses	11.8	16.75	5.85	9.38	1.08
Revenue	257.19	236.77	241.04	235.37	221.73
Revenue Growth (YoY)	8.62%	-1.77%	2.41%	6.15%	13.66%
Salaries and Employee Benefits	75.29	62.14	55.49	50.72	50.72
Occupancy Expenses	7.52	6.12	5.62	5.6	5.17
Federal Deposit Insurance	3.36	3.47	3.36	2	2.24
Selling, General & Administrative	35.23	40.02	37.42	38.77	37.25
Other Non-Interest Expense	10.2	8.8	10.76	13.12	8.91
Total Non-Interest Expense	131.61	120.55	112.65	110.21	104.29
EBT Excluding Unusual Items	125.58	116.23	128.39	125.16	117.44
Legal Settlements	-	-4.54	-	-	-
Other Unusual Items	-	-	-18.06	-	-
Pretax Income	125.58	111.69	110.33	125.16	117.44
Income Tax Expense	22.22	18.21	16.57	21.35	21.71
Net Income	103.36	93.48	93.77	103.82	95.73
Net Income to Common	103.36	93.48	93.77	103.82	95.73
Net Income Growth	10.57%	-0.31%	-9.68%	8.44%	13.51%
Basic Shares Outstanding	26	26	26	26	25
Diluted Shares Outstanding	26	26	26	26	26
Shares Change (YoY)	0.12%	0.18%	0.04%	0.36%	0.18%
EPS (Basic)	4.02	3.64	3.66	4.07	3.76
EPS (Diluted)	4.01	3.63	3.65	4.04	3.74
EPS Growth	10.47%	-0.55%	-9.65%	8.02%	13.33%
Dividend Per Share	2.020	1.940	1.860	1.660	1.420
Dividend Growth	4.12%	4.30%	12.05%	16.90%	14.52%
Effective Tax Rate	17.70%	16.30%	15.02%	17.05%	18.49%

Updated Jan 26, 2026. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q