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Lakeland Financial Corporation (NASDAQ:LKFN)
60.37 USD
-0.480 0.789%| Previous Close (in USD) | 60.85 |
|---|---|
| Change | -0.480 0.789% |
| 52 W H/L (in USD) | 72.661/43.382 |
| EBITDA (in USD) | -- |
| PE Ratio | 16.86 |
| Volume | 54471 |
| Diluted Eps TTM | 3.62 |
| Total Assets (in USD) | 6524.029M |
|---|---|
| Total Liabilities (in USD) | 5874.236M |
| Revenue TTM (in USD) | 242.068M |
| Cash (in USD) | 151.824M |
| Market Cap (in USD) | 1,556.472 M |
| Revenue Per Share TTM | 9.447 |
| Gross Profit TTM (in USD) | 235.374M |
Summary
Income Statement
Balance Sheet
Change in Cash
Operating Cash
Dividend Paid
Lakeland Financial Corporation
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.
202 East Center Street, Warsaw, IN, United States, 46581-1387
574 267 6144
Employees: 628
Key Executives
| Sr. No. | Name | Title | Year Born |
|---|---|---|---|
| 1. | Mr. David M. Findlay | Pres, CEO & Director | 1962 |
| 2. | Ms. Lisa M. O'Neill | Exec. VP & CFO | 1968 |
| 3. | Ms. Kristin L. Pruitt | Exec. VP & Chief Admin. Officer | 1972 |
| 4. | Mr. Eric H. Ottinger | Exec. VP & Chief Commercial Banking Officer | 1970 |
| 5. | Mr. Michael E. Gavin | Exec. VP & Chief Credit Officer | 1956 |
| 6. | Mr. Brok A. Lahrman | Chief Accounting Officer & Sr. VP of Fin. | 1986 |
| 7. | Mr. Rickard James Donovan | Sr. VP, Gen. Counsel & Sec. | NA |
| 8. | Ms. Kyra E. Clark | Sr. VP & Chief Human Resource Officer | NA |
| 9. | Mr. Jonathan P. Steiner | Sr. VP & Chief Wealth Advisory Officer | 1962 |
| 10. | Ms. Stephanie R. Leniski | Sr. VP & Chief Retail Banking Officer | NA |
Peers
Sector: Financial Services
Industry: Banks - Regional
| Company | Change (USD) | Price (USD) | Trailing PE(x) | Forward PE(x) | Price Sales TTM(x) | Price to Book Value(x) | Enterprise Value to Revenue(x) | Enterprise Value to EBITDA(x) |
|
HDB
HDFC Bank Limited ADR |
-0.035 0.046% | 75.91 | 20.810 | 20.964 | 0.108 | 4.772 | 0.000 | 0.000 |
|
CIHKY
China Merchants Bank Co Ltd |
+0.010 0.030% | 34.48 | 6.610 | 5.682 | 0.476 | 0.766 | 3.426 | 0.000 |
|
CIHHF
China Merchants Bank Co Ltd Class H |
0.000 0.000% | 6.5 | 6.100 | 5.672 | 0.439 | 0.765 | 3.426 | 0.000 |
|
IBN
ICICI Bank Limited |
+0.025 0.075% | 33.44 | 17.790 | 16.949 | 0.066 | 3.082 | 0.000 | 0.000 |
Income Statement
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Income Before Tax | 125.164M | 117.444M | 103.876M | 107.385M | 98.944M |
| Minority Interest | - | - | 0.089M | 0.089M | 0.089M |
| Net Income | 103.817M | 95.733M | 84.337M | 87.047M | 80.411M |
| Selling General Administrative | 60.529M | 64.386M | 54.213M | 54.443M | 55.12M |
| Gross Profit | 231.923M | 210.134M | 197.987M | 189.637M | 181.696M |
| Reconciled Depreciation | 6.777M | 8.387M | 6.814M | 6.458M | 6.157M |
| Ebit | 161.844M | 117.444M | 103.876M | 107.385M | 146.643M |
| Ebitda | 168.621M | 125.831M | 110.69M | 113.843M | 152.8M |
| Depreciation And Amortization | 6.777M | 8.387M | 6.814M | 6.458M | 6.157M |
| Operating Income | 161.844M | 117.444M | 103.876M | 107.385M | 146.643M |
| Other Operating Expenses | 6.483M | -92.69M | -94.111M | -82.252M | 35.053M |
| Interest Expense | 36.68M | 15.131M | 30.095M | 60.163M | 47.699M |
| Tax Provision | 21.347M | 21.711M | 19.539M | 20.338M | 18.533M |
| Interest Income | 239.567M | 193.219M | 193.103M | 215.21M | 198.97M |
| Net Interest Income | 202.887M | 178.088M | 163.008M | 155.047M | 151.271M |
| Income Tax Expense | 21.347M | 21.711M | 19.539M | 20.338M | 18.533M |
| Total Revenue | 231.923M | 210.134M | 197.987M | 189.637M | 181.696M |
| Total Operating Expenses | 6.483M | -92.69M | -94.111M | -82.252M | -35.053M |
| Cost Of Revenue | 5.763M | - | - | - | 54.099M |
| Total Other Income Expense Net | -36.68M | -15.131M | -30.095M | -60.163M | -47.699M |
| Net Income From Continuing Ops | 103.817M | 95.733M | 84.337M | 87.047M | 80.411M |
| Net Income Applicable To Common Shares | 103.817M | 95.733M | 84.337M | 87.047M | 80.411M |
Balance Sheet
(Currency in USD)| Breakdown | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
|---|---|---|---|---|---|
| Total Assets | 6524.029M | 6432.371M | 6557.323M | 5830.435M | 4946.745M |
| Intangible Assets | 2.2M | - | - | - | 3.8M |
| Other Current Assets | 181.835M | -1185.528M | 2995.014M | 4027.789M | 3550.383M |
| Total Liab | 5874.236M | 5863.484M | 5852.417M | 5173.251M | 4348.645M |
| Total Stockholder Equity | 649.704M | 568.798M | 704.817M | 657.095M | 598.011M |
| Other Current Liab | 4402.536M | -3.186M | -2.619M | -5.959M | -11.604M |
| Common Stock | 127.692M | 127.004M | 120.615M | 114.927M | 114.858M |
| Capital Stock | 127.692M | 127.004M | 120.615M | 114.927M | 114.858M |
| Retained Earnings | 692.76M | 646.1M | 583.134M | 529.005M | 475.247M |
| Good Will | 4.97M | 4.97M | 4.97M | 4.97M | 4.97M |
| Other Assets | - | 3711.73M | 2995.014M | 4027.789M | 3550.383M |
| Cash | 151.824M | 130.282M | 683.24M | 249.927M | 99.381M |
| Cash And Equivalents | - | - | - | - | - |
| Total Current Liabilities | 4423.429M | 3.186M | 2.619M | 5.959M | 11.604M |
| Current Deferred Revenue | -50.744M | - | - | - | - |
| Net Debt | -101.824M | 144.718M | -608.24M | -164.427M | 70.619M |
| Short Term Debt | 50.744M | 22M | - | 170M | 170M |
| Short Long Term Debt | - | - | - | - | - |
| Short Long Term Debt Total | 50M | 275M | 75M | 85.5M | 170M |
| Other Stockholder Equity | -15.553M | -15.383M | -15.025M | -14.581M | -4.153M |
| Property Plant Equipment | - | 58.097M | 59.309M | 59.298M | 60.154M |
| Total Current Assets | 181.835M | 1343.804M | 2099.472M | 1003.533M | 723.005M |
| Long Term Investments | 1181.646M | 128.599M | 1398.558M | 5333.811M | 4627.936M |
| Short Term Investments | 1051.728M | 1185.528M | 1398.558M | 734.845M | 608.233M |
| Net Receivables | 30.011M | 27.994M | 17.674M | 18.761M | 15.391M |
| Long Term Debt | 50M | 572M | 75M | 85.5M | 170M |
| Inventory | -47.137M | 0.1M | 0.196M | 0.322M | 0.316M |
| Accounts Payable | 20.893M | 3.186M | 2.619M | 5.959M | 11.604M |
| Accumulated Other Comprehensive Income | -155.195M | -188.923M | 16.093M | 27.744M | 12.059M |
| Non Currrent Assets Other | 6175.374M | -1376.837M | -1462.837M | -799.113M | -673.357M |
| Non Current Assets Total | 6342.194M | 1376.837M | 1462.837M | 799.113M | 673.357M |
| Capital Lease Obligations | - | - | - | - | - |
| Long Term Debt Total | - | 572M | 75M | 85.5M | - |
Cash Flow
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Investments | -610.901M | -326.565M | -697.839M | -156.64M | -159.102M |
| Total Cashflows From Investing Activities | -626.524M | -331.546M | -712.024M | -168.693M | -166.442M |
| Total Cash From Financing Activities | -95.776M | 651.091M | 775.342M | -48.887M | 102.209M |
| Net Income | 103.817M | 95.733M | 84.337M | 87.047M | 80.411M |
| Change In Cash | -552.958M | 433.313M | 150.546M | -117.541M | 40.742M |
| Begin Period Cash Flow | 683.24M | 249.927M | 99.381M | 216.922M | 176.18M |
| End Period Cash Flow | 130.282M | 683.24M | 249.927M | 99.381M | 216.922M |
| Total Cash From Operating Activities | 169.342M | 113.768M | 87.228M | 100.039M | 104.975M |
| Depreciation | 6.777M | 8.387M | 6.814M | 6.458M | 6.157M |
| Other Cashflows From Investing Activities | -10.802M | 1.186M | -8.466M | -4.055M | 0.628M |
| Dividends Paid | -40.851M | -34.653M | -30.579M | -29.652M | 25.291M |
| Change To Inventory | - | - | - | - | -4046.234M |
| Sale Purchase Of Stock | -0.579M | -0.559M | -10.547M | -0.515M | -0.463M |
| Other Cashflows From Financing Activities | 20.433M | 696.688M | 986.349M | 87.645M | 207.878M |
| Capital Expenditures | 4.821M | 6.167M | 5.719M | 7.998M | 7.968M |
| Change In Working Capital | 30.039M | -2.223M | -14.077M | 1.801M | 5.18M |
| Other Non Cash Items | 20.898M | 4.137M | -5.476M | -3.919M | 0.465M |
| Free Cash Flow | 164.521M | 107.601M | 81.509M | 92.041M | 97.007M |
Funds
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | iShares Core S&P Small-Cap ETF | 1 year ago | 1712960 |
| 2. | Victory Small Cap Value CIT (Net 75) | 1 year ago | 1150000 |
| 3. | Victory Sycamore Small Company Opp R | 1 year ago | 1150000 |
| 4. | Vanguard Total Stock Mkt Idx Inv | 1 year ago | 755911 |
| 5. | Neuberger Berman Genesis Inv | 1 year ago | 745485 |
| 6. | iShares Russell 2000 ETF | 1 year ago | 610448 |
| 7. | Schwab US Dividend Equity ETF™ | 1 year ago | 583486 |
| 8. | Neumeier Poma Small Cap Value | 1 year ago | 449733 |
| 9. | Vanguard Institutional Extnd Mkt Idx Tr | 1 year ago | 382384 |
| 10. | FullerThaler Behavioral Small-Cap Equity | 1 year ago | 326715 |
| 11. | FullerThaler Behavioral Sm-Cp Eq R6 | 1 year ago | 326715 |
| 12. | Fidelity Small Cap Index | 1 year ago | 254265 |
| 13. | Columbia Acorn Inst | 1 year ago | 232728 |
| 14. | SPDR® Portfolio S&P 600 Sm Cap ETF | 1 year ago | 225122 |
| 15. | iShares Russell 2000 Value ETF | 1 year ago | 218282 |
| 16. | Bridge Builder Small/Mid Cap Value | 1 year ago | 215192 |
| 17. | Vanguard Tax-Managed Small Cap Adm | 1 year ago | 195129 |
| 18. | DFA US Micro Cap I | 1 year ago | 183511 |
| 19. | Virtus KAR Small-Cap Value I | 1 year ago | 183227 |
| 20. | DFA US Small Cap I | 1 year ago | 180847 |
Institutions
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | BlackRock Inc | 1 year ago | 3704496 |
| 2. | Vanguard Group Inc | 1 year ago | 1848101 |
| 3. | Victory Capital Management Inc. | 1 year ago | 1596138 |
| 4. | State Street Corporation | 1 year ago | 1219323 |
| 5. | Neuberger Berman Group LLC | 1 year ago | 1124339 |
| 6. | Kayne Anderson Rudnick Investment Management LLC | 1 year ago | 970193 |
| 7. | Charles Schwab Investment Management Inc | 1 year ago | 858915 |
| 8. | Dimensional Fund Advisors, Inc. | 1 year ago | 805431 |
| 9. | Silvercrest Asset Management Group LLC | 1 year ago | 751888 |
| 10. | Copeland Capital Management, LLC | 1 year ago | 740353 |
| 11. | Goldman Sachs Group Inc | 1 year ago | 714176 |
| 12. | Geode Capital Management, LLC | 1 year ago | 560037 |
| 13. | Neumeier Investment Counsel LLC | 1 year ago | 551980 |
| 14. | Northern Trust Corp | 1 year ago | 502396 |
| 15. | Ameriprise Financial Inc | 1 year ago | 369262 |
| 16. | BTIM Corp | 1 year ago | 337914 |
| 17. | Fuller & Thaler Asset Management Inc | 1 year ago | 291122 |
| 18. | Bank of New York Mellon Corp | 1 year ago | 239762 |
| 19. | Morgan Stanley - Brokerage Accounts | 1 year ago | 222582 |
| 20. | Envestnet Asset Management Inc | 1 year ago | 221200 |
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