Lakeland Financial Corporation
Description
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 also provides retail and merchant credit card services; corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; and mobile business banking and on-line treasury management services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. The company was founded in 1872 and is headquartered in Warsaw, Indiana.
About
CEO
Mr. David M. Findlay
Employees
639
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNGS
Address
202 East Center Street, Warsaw, IN 46581-1387, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 22, 2026 | — | — | — | — |
| Oct 23, 2025 | — | — | — | — |
| Jul 23, 2025 | — | — | — | — |
| Apr 23, 2025 | — | — | — | — |
| Jan 24, 2025 | 0.90 | 0.94 | 0.04 | 4.44% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 4 | 4 | 4 | 4 |
| Average estimate | 0.88 | 0.92 | 3.69 | 3.89 |
| Low estimate | 0.85 | 0.89 | 3.62 | 3.83 |
| High estimate | 0.90 | 0.96 | 3.80 | 3.95 |
| Last year EPS | 0.88 | 0.74 | 3.47 | 3.69 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
0.000%
Next qtr. (Jun 2025)
23.650%
Current year (Dec 2025)
6.410%
Next year (Dec 2026)
5.280%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 246.89M | 244.75M | 222.81M | 197.99M | 189.64M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 62.51M | 60.53M | 60.12M | 54.21M | 53.75M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 110.33M | 125.16M | 117.44M | 103.88M | 107.39M |
| Tax provision | 16.57M | 21.35M | 21.71M | 19.54M | 20.34M |
| Net income | 93.77M | 103.82M | 95.73M | 84.34M | 87.05M |
| Basic EPS | 3.67 | 4.07 | 3.76 | 3.31 | 3.40 |
| Diluted EPS | 3.65 | 4.04 | 3.74 | 3.30 | 3.38 |
| Basic average shares | 25.60M | 25.53M | 25.48M | 25.47M | 25.59M |
| Diluted average shares | 25.60M | 25.53M | 25.48M | 25.47M | 25.59M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 93.77M | 103.82M | 95.73M | 84.34M | 87.05M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 70.45M | 80.99M | 51.83M | 74.46M | 68.61M |
| Cash equivalents | 81.37M | 49.29M | 631.41M | 175.47M | 30.78M |
| Cash and cash equivalents | 151.82M | 130.28M | 683.24M | 249.93M | 99.38M |
| Other short term investments | 1.05B | 1.19B | 1.40B | 734.85M | 608.23M |
| Accounts receivable | 30.01M | 27.99M | 17.67M | 18.76M | 15.39M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | 61.19M | 58.72M | 55.68M | 106.64M |
| Land and improvements | 12.47M | 12.47M | 12.47M | 12.47M | 12.51M |
| Machinery furniture equipment | 37.48M | 37.46M | 39.28M | 38.13M | 38.69M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -55.92M | -53.02M | -51.16M | -46.99M | -44.26M |
| Goodwill | 9.94M | 9.94M | 9.94M | 9.94M | 9.94M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 1.18B | 1.31B | 1.40B | 734.85M | 608.23M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 20.89M | 3.19M | 2.62M | 5.96M | 11.60M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 50.00M | 275.00M | 75.00M | 85.50M | 170.00M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 127.69M | 127.00M | 120.62M | 114.93M | 114.86M |
| Retained earnings | 692.76M | 646.10M | 583.13M | 529.01M | 475.25M |
| Other shareholders equity | -155.20M | -188.92M | 16.09M | 27.74M | 12.06M |
| Total shareholders equity | 649.79M | 568.89M | 704.91M | 657.18M | 598.10M |
| Additional paid in capital | — | — | — | — | — |
| Treasury stock | 15.55M | 15.38M | 15.03M | 14.58M | 4.15M |
| Minority interest | 89,000 | 89,000 | 89,000 | 89,000 | 89,000 |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | 93.77M | 103.82M | 95.73M | 84.34M | 87.05M | 80.41M | 57.33M | 52.08M | 46.37M | 43.81M | 38.84M | 35.39M | 30.66M | 24.54M | 18.98M | 19.70M | 19.21M | 18.72M | 17.96M | 14.55M | 13.87M | 12.37M | 10.11M | 9.32M | 8.32M | 7.90M | 7.50M | 6.44M | 5.65M | 5.13M |
| Depreciation | 6.17M | 6.78M | 8.39M | 6.81M | 6.46M | 6.16M | 5.72M | 4.83M | 4.31M | 3.94M | 3.63M | 3.57M | 2.93M | 2.87M | 2.46M | 2.15M | 2.34M | 4.06M | 5.22M | 6.45M | 4.58M | 4.67M | 3.47M | 4.56M | 3.60M | 2.70M | 1.40M | 1.28M | 1.21M | 928,000 |
| Deferred Taxes | — | — | — | — | — | — | — | — | — | — | — | — | -138,000 | -371,000 | -191,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 3.65M | 7.81M | 7.16M | 1.79M | 4.19M | 5.61M | 5.70M | 4.21M | 2.54M | 2.80M | 1.96M | 1.34M | 1.34M | 739,000 | 411,000 | 233,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -3.30M | 6.74M | 4.14M | -5.48M | -3.92M | 465,000 | 1.68M | -2.68M | -2.13M | -594,000 | 7.66M | -5.60M | 3.24M | -3.80M | -335,000 | -23,000 | 5.80M | 2.01M | 802,000 | 506,000 | 10.48M | 892,000 | -5.73M | 3.16M | 5.49M | -700,000 | -200,000 | -1.02M | 1.82M | 4.24M |
| Accounts Receivable | -6.17M | -10.71M | -1.85M | -6.32M | -4.73M | -3.30M | 787,000 | -1.39M | -398,000 | -2.69M | 5.86M | 5.06M | -4.47M | -474,000 | -1,000 | 527,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Accounts Payable | 10.08M | 40.75M | -371,000 | -7.76M | 6.53M | 8.48M | 2.58M | 3.76M | 2.47M | 2.70M | -949,000 | 1.59M | 1.68M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | — | — | — | — | — | — | — | — | — | — | — | 3.55M | -3.87M | -1.17M | -29.35M | -1.99M | — | — | — | — | — | — | -322,000 | -1.34M | -1.49M | — | — | — | — | — |
| Operating Cash Flow | 104.20M | 155.18M | 113.19M | 73.39M | 95.57M | 97.82M | 73.79M | 60.81M | 53.15M | 49.97M | 57.00M | 44.90M | 31.37M | 22.34M | -8.03M | 20.59M | 27.36M | 24.79M | 23.98M | 21.50M | 28.93M | 17.93M | 7.53M | 15.70M | 15.91M | 9.90M | 8.70M | 6.70M | 8.68M | 10.29M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -5.98M | -4.82M | -6.16M | -5.06M | -7.98M | -7.51M | -9.57M | -9.80M | -8.47M | -6.33M | -7.50M | -2.90M | -6.63M | -3.03M | -1.30M | -4.92M | -4.07M | -2.25M | -1.26M | -1.10M | -3.63M | -2.84M | -1.48M | -2.35M | -3.92M | -4.00M | -5.50M | -3.56M | -3.65M | -2.49M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -600,000 | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -7.18M | -315.27M | -835.00M | -216.48M | -129.45M | -126.55M | -139.25M | -116.20M | -91.81M | -73.36M | -167.45M | -161.62M | -179.30M | -114.06M | -131.30M | -154.61M | -104.01M | -74.24M | -68.39M | -72.03M | -162.54M | -89.42M | -71.67M | -54.31M | -65.49M | -221.90M | -81.30M | -34.68M | -42.91M | -28.53M |
| Sale of Investments | 177.01M | 133.49M | 151.78M | 106.02M | 124.93M | 69.12M | 102.62M | 81.44M | 82.47M | 71.74M | 142.62M | 152.96M | 157.37M | 90.46M | 114.98M | 66.53M | 75.24M | 68.43M | 57.31M | 63.19M | 146.72M | 89.14M | 96.52M | 39.19M | 110.12M | 144.20M | 40.70M | 41.39M | 42.45M | 26.93M |
| Investing Cash Flow | 157.97M | -199.43M | -688.21M | -124.65M | -16.57M | -64.77M | -48.83M | -51.30M | -16.99M | -7.62M | -31.80M | -29.99M | -26.62M | -24.95M | -17.24M | -92.89M | -211.17M | -164.36M | -209.55M | -143.80M | -73.28M | -102.44M | -63.50M | -83.06M | -75.08M | -131.90M | -40.50M | -70.25M | -68.27M | -43.42M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | 75.00M | — | — | 95.00M | 180.00M | 70.00M | — | — | — | — | — | 40.00M | 90.00M | — | — | — | — | 40.93M | 20.00M | — | — | 5.12M | 20.10M | 10.00M | 14.00M | — | 8.13M |
| Long-Term Debt Payments | -297.00M | -75.00M | -10.50M | -170.00M | -106.48M | -80.03M | -180.00M | -70.00M | -35.00M | -2,000 | -15.00M | -2,000 | -1,000 | -25.00M | -90.00M | -113.56M | -1,000 | -1,000 | -10.00M | -20.00M | -31.92M | -41,000 | -44,000 | -5.04M | -10.04M | -24.00M | -8.20M | -846.71M | -493.29M | -385.55M |
| Other Financing Charges | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -100,000 | 19.20M | 64.74M | 35.19M | 26.71M |
| Financing Cash Flow | -591.28M | 180.79M | -56.10M | -295.51M | -212.09M | -10.77M | -186.30M | 71.75M | -36.95M | -115.48M | 115.21M | -34.17M | -42.37M | -272.85M | 205.46M | -144.74M | 122.04M | -29.97M | 10.53M | -23.92M | 4.50M | -31.00M | 28.64M | -3.23M | 52.22M | 45.60M | 15.00M | -757.65M | -430.32M | -341.13M |
| Other Cash Details | ||||||||||||||||||||||||||||||
| End Cash Position | 151.82M | 130.28M | 683.24M | 249.93M | 99.38M | 216.92M | 176.18M | 167.28M | 80.67M | 90.64M | 63.11M | 232.24M | 104.58M | 60.14M | 55.98M | 64.01M | 67.69M | 119.70M | 82.68M | 103.86M | 57.44M | 87.15M | 79.12M | 88.99M | 63.10M | 61.50M | 49.80M | 44.88M | 26.90M | 24.15M |
| Income Tax Paid | 14.08M | 20.58M | 25.95M | 19.36M | 21.04M | 19.03M | 29.12M | 21.61M | 21.57M | 21.19M | 17.28M | 12.73M | 21.53M | 18.59M | 11.70M | 8.45M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 128.53M | 36.11M | 18.47M | 35.74M | 58.96M | 43.61M | 29.17M | 18.57M | 15.79M | 14.96M | 19.14M | 27.51M | 29.22M | 32.49M | 39.27M | 56.51M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 107.99M | 164.52M | 107.60M | 81.51M | 92.04M | 97.01M | 67.66M | 52.37M | 46.61M | 47.82M | 55.46M | 47.69M | 44.74M | 42.67M | 22.94M | 24.31M | 28.97M | 17.94M | 24.74M | 22.49M | 21.91M | 18.88M | 5.34M | 12.86M | 11.73M | 2.20M | 3.40M | 3.63M | 4.38M | 7.79M |
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