Lakeland Financial Corporation (LKFN)
NASDAQ: LKFN · Real-Time Price · USD
53.46
-1.13 (-2.07%)
Apr 25, 2025, 4:00 PM EDT - Market closed

Lakeland Financial Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTM FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 2015 - 2019
Period Ending
Mar '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 2015 - 2019
Interest Income on Loans
336.86337.77308.02203.67170.55177.19
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Interest Income on Investments
35.7235.3935.2535.922.6715.92
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Total Interest Income
372.58373.16343.27239.57193.22193.1
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Interest Paid on Deposits
168.05172.76137.7936.2814.8329.34
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Interest Paid on Borrowings
2.393.728.440.40.30.75
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Total Interest Expense
170.44176.48146.2336.6815.1330.1
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Net Interest Income
202.14196.68197.04202.89178.09163.01
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Net Interest Income Growth (YoY)
4.77%-0.18%-2.88%13.93%9.25%5.13%
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Trust Income
10.8810.479.088.648.757.47
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Mortgage Banking Activities
0.010.12-0.250.631.423.91
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Gain (Loss) on Sale of Investments
98.95-0.030.020.80.43
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Other Non-Interest Income
24.0326.1530.2820.9823.1524.92
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Total Non-Interest Income
55.1656.8449.8641.8644.7246.84
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Non-Interest Income Growth (YoY)
5.76%14.01%19.10%-6.39%-4.53%4.10%
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Revenues Before Loan Losses
257.3253.52246.89244.75222.81209.85
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Provision for Loan Losses
22.0316.755.859.381.0814.77
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Revenue
235.27236.77241.04235.37221.73195.08
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Revenue Growth (YoY)
-2.81%-1.77%2.41%6.15%13.66%-0.88%
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Salaries and Employee Benefits
63.2162.1455.4950.7250.7247.62
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Occupancy Expenses
6.366.125.625.65.175.29
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Federal Deposit Insurance
3.483.473.3622.241.71
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Selling, General & Administrative
40.3640.0237.4238.7737.2528.39
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Other Non-Interest Expense
9.28.810.7613.128.918.2
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Total Non-Interest Expense
122.61120.55112.65110.21104.2991.21
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EBT Excluding Unusual Items
112.66116.23128.39125.16117.44103.88
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Legal Settlements
-4.54-4.54----
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Other Unusual Items
---18.06---
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Pretax Income
108.13111.69110.33125.16117.44103.88
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Income Tax Expense
17.9618.2116.5721.3521.7119.54
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Net Income
90.1693.4893.77103.8295.7384.34
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Net Income to Common
90.1693.4893.77103.8295.7384.34
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Net Income Growth
-2.94%-0.31%-9.68%8.44%13.51%-3.11%
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Basic Shares Outstanding
262626262525
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Diluted Shares Outstanding
262626262626
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Shares Change (YoY)
0.23%0.18%0.04%0.36%0.18%-0.72%
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EPS (Basic)
3.513.643.664.073.763.31
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EPS (Diluted)
3.503.633.654.043.743.30
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EPS Growth
-3.32%-0.55%-9.65%8.02%13.33%-2.37%
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Dividend Per Share
1.9601.9401.8601.6601.4201.240
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Dividend Growth
4.25%4.30%12.05%16.90%14.52%3.33%
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Effective Tax Rate
16.61%16.30%15.02%17.05%18.49%18.81%
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Updated Apr 25, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.
SEC Filings: 10-K · 10-Q