Lakeland Financial Corporation (LKFN)
NASDAQ: LKFN · Real-Time Price · USD
59.90
+1.08 (1.84%)
Sep 2, 2026, 4:00 PM EDT - Market closed
Lakeland Financial Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Interest Income on Loans | 339.98 | 337.04 | 337.77 | 308.02 | 203.67 | 170.55 |
Interest Income on Investments | 36.05 | 36.69 | 35.39 | 35.25 | 35.9 | 22.67 |
Total Interest Income | 376.03 | 373.74 | 373.16 | 343.27 | 239.57 | 193.22 |
Interest Paid on Deposits | 144.97 | 150.73 | 172.76 | 137.79 | 36.28 | 14.83 |
Interest Paid on Borrowings | 2.72 | 1.99 | 3.72 | 8.44 | 0.4 | 0.3 |
Total Interest Expense | 147.69 | 152.72 | 176.48 | 146.23 | 36.68 | 15.13 |
Net Interest Income | 228.34 | 221.02 | 196.68 | 197.04 | 202.89 | 178.09 |
Net Interest Income Growth | 9.40% | 12.37% | -0.18% | -2.88% | 13.93% | 9.25% |
Trust Income | 11.91 | 11.37 | 10.47 | 9.08 | 8.64 | 8.75 |
Mortgage Banking Activities | 0.27 | 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 | 27.26 | 25 | 25.15 | 30.28 | 20.98 | 23.15 |
Total Non-Interest Income | 51.06 | 47.97 | 55.84 | 49.86 | 41.86 | 44.72 |
Non-Interest Income Growth | 10.51% | -14.10% | 12.01% | 19.10% | -6.39% | -4.53% |
Revenues Before Loan Losses | 279.4 | 268.99 | 252.52 | 246.89 | 244.75 | 222.81 |
Provision for Loan Losses | 5.71 | 11.8 | 16.75 | 5.85 | 9.38 | 1.08 |
| 273.69 | 257.19 | 235.77 | 241.04 | 235.37 | 221.73 | |
Revenue Growth | 14.82% | 9.08% | -2.19% | 2.41% | 6.15% | 13.66% |
Salaries and Employee Benefits | 70.67 | 66.74 | 62.14 | 55.49 | 50.72 | 50.72 |
Occupancy Expenses | 6.91 | 6.66 | 6.12 | 5.62 | 5.6 | 5.17 |
Federal Deposit Insurance | 3.48 | 3.36 | 3.47 | 3.36 | 2 | 2.24 |
Selling, General & Administrative | 46.67 | 44.65 | 40.02 | 37.42 | 38.77 | 37.25 |
Other Non-Interest Expense | 10.29 | 10.2 | 8.8 | 10.76 | 13.12 | 8.91 |
Total Non-Interest Expense | 138.02 | 131.61 | 120.55 | 112.65 | 110.21 | 104.29 |
EBT Excluding Unusual Items | 135.68 | 125.58 | 115.23 | 128.39 | 125.16 | 117.44 |
Legal Settlements | - | - | -4.54 | - | - | - |
Other Unusual Items | - | - | - | -18.06 | - | - |
Pretax Income | 135.68 | 125.58 | 111.69 | 110.33 | 125.16 | 117.44 |
Income Tax Expense | 24.45 | 22.22 | 18.21 | 16.57 | 21.35 | 21.71 |
Net Income | 111.23 | 103.36 | 93.48 | 93.77 | 103.82 | 95.73 |
Net Income to Common | 111.23 | 103.36 | 93.48 | 93.77 | 103.82 | 95.73 |
Net Income Growth | 17.60% | 10.57% | -0.31% | -9.68% | 8.44% | 13.51% |
Basic Shares Outstanding | 25 | 26 | 26 | 26 | 26 | 25 |
Diluted Shares Outstanding | 26 | 26 | 26 | 26 | 26 | 26 |
Shares Change | -0.77% | 0.12% | 0.18% | 0.04% | 0.36% | 0.18% |
EPS (Basic) | 4.37 | 4.02 | 3.64 | 3.66 | 4.07 | 3.76 |
EPS (Diluted) | 4.36 | 4.01 | 3.63 | 3.65 | 4.04 | 3.74 |
EPS Growth | 18.80% | 10.47% | -0.55% | -9.65% | 8.02% | 13.33% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share | 2.060 | 2.020 | 1.940 | 1.860 | 1.660 | 1.420 |
Dividend Growth | 4.04% | 4.12% | 4.30% | 12.05% | 16.90% | 14.52% |
Effective Tax Rate | 18.02% | 17.70% | 16.30% | 15.02% | 17.05% | 18.49% |