Lakeland Financial Corporation (LKFN)

Lakeland Financial Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	336.07	337.77	308.02	203.67	170.55	177.19
Interest Income on Investments	37.03	35.39	35.25	35.9	22.67	15.92
Total Interest Income	373.1	373.16	343.27	239.57	193.22	193.1
Interest Paid on Deposits	155.69	172.76	137.79	36.28	14.83	29.34
Interest Paid on Borrowings	1.89	3.72	8.44	0.4	0.3	0.75
Total Interest Expense	157.58	176.48	146.23	36.68	15.13	30.1
Net Interest Income	215.52	196.68	197.04	202.89	178.09	163.01
Net Interest Income Growth (YoY)	11.33%	-0.18%	-2.88%	13.93%	9.25%	5.13%
Trust Income	11.09	10.47	9.08	8.64	8.75	7.47
Mortgage Banking Activities	0.12	0.12	-0.25	0.63	1.42	3.91
Gain (Loss) on Sale of Investments	-	8.95	-0.03	0.02	0.8	0.43
Other Non-Interest Income	25.69	26.15	30.28	20.98	23.15	24.92
Total Non-Interest Income	48.24	56.84	49.86	41.86	44.72	46.84
Non-Interest Income Growth (YoY)	-21.14%	14.01%	19.10%	-6.39%	-4.53%	4.10%
Revenues Before Loan Losses	263.76	253.52	246.89	244.75	222.81	209.85
Provision for Loan Losses	15.49	16.75	5.85	9.38	1.08	14.77
Revenue	248.27	236.77	241.04	235.37	221.73	195.08
Revenue Growth (YoY)	2.85%	-1.77%	2.41%	6.15%	13.66%	-0.88%
Salaries and Employee Benefits	65.11	62.14	55.49	50.72	50.72	47.62
Occupancy Expenses	6.48	6.12	5.62	5.6	5.17	5.29
Federal Deposit Insurance	3.41	3.47	3.36	2	2.24	1.71
Selling, General & Administrative	43.54	40.02	37.42	38.77	37.25	28.39
Other Non-Interest Expense	10.28	8.8	10.76	13.12	8.91	8.2
Total Non-Interest Expense	128.81	120.55	112.65	110.21	104.29	91.21
EBT Excluding Unusual Items	119.46	116.23	128.39	125.16	117.44	103.88
Legal Settlements	-	-4.54	-	-	-	-
Other Unusual Items	-	-	-18.06	-	-	-
Pretax Income	118.46	111.69	110.33	125.16	117.44	103.88
Income Tax Expense	20.81	18.21	16.57	21.35	21.71	19.54
Net Income	97.65	93.48	93.77	103.82	95.73	84.34
Net Income to Common	97.65	93.48	93.77	103.82	95.73	84.34
Net Income Growth	-1.28%	-0.31%	-9.68%	8.44%	13.51%	-3.11%
Basic Shares Outstanding	26	26	26	26	25	25
Diluted Shares Outstanding	26	26	26	26	26	26
Shares Change (YoY)	0.19%	0.18%	0.04%	0.36%	0.18%	-0.72%
EPS (Basic)	3.80	3.64	3.66	4.07	3.76	3.31
EPS (Diluted)	3.79	3.63	3.65	4.04	3.74	3.30
EPS Growth	-1.55%	-0.55%	-9.65%	8.02%	13.33%	-2.37%
Dividend Per Share	2.000	1.940	1.860	1.660	1.420	1.240
Dividend Growth	4.17%	4.30%	12.05%	16.90%	14.52%	3.33%
Effective Tax Rate	17.57%	16.30%	15.02%	17.05%	18.49%	18.81%

Updated Oct 27, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q