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LKFN

Lakeland Financial Corporation

LKFN

Lakeland Financial Corporation • NASDAQ
$58.26 ▼ -0.80% (-0.47)
Market Cap $1.49 B
52w High $75.64
52w Low $50.00
Dividend Yield 2.00%
P/E 15.37
Volume 56.50K
Outstanding Shares 25.53M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $107.841M ▲ $34.965M ▲ $26.404M ▼ 24.484% ▼ $1.03 ▼ $33.692M ▼
Q2-2025 $105.871M ▲ $30.432M ▼ $26.966M ▲ 25.471% ▲ $1.05 ▲ $34.501M ▲
Q1-2025 $101.383M ▼ $32.763M ▲ $20.085M ▼ 19.811% ▼ $0.78 ▼ $25.825M ▼
Q4-2024 $105.246M ▼ $30.653M ▲ $24.19M ▲ 22.984% ▲ $0.94 ▲ $30.331M ▲
Q3-2024 $106.935M $30.393M $23.338M 21.824% $0.91 $29.334M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $641.044M ▼ $6.895B ▼ $6.148B ▼ $747.414M ▲
Q2-2025 $750.205M ▼ $6.964B ▲ $6.254B ▲ $709.898M ▲
Q1-2025 $1.236B ▲ $6.851B ▲ $6.157B ▲ $694.42M ▲
Q4-2024 $591.052M ▲ $6.678B ▲ $5.994B ▲ $683.822M ▼
Q3-2024 $583.696M $6.645B $5.946B $699.092M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $26.404M ▼ $36.068M ▲ $-37.822M ▲ $-115.591M ▼ $-117.344M ▼ $31.057M ▲
Q2-2025 $26.966M ▲ $16.172M ▼ $-41.187M ▲ $99.972M ▼ $74.956M ▲ $14.052M ▼
Q1-2025 $20.085M ▼ $28.924M ▼ $-115.153M ▼ $153.248M ▲ $67.019M ▲ $27.137M ▼
Q4-2024 $24.19M ▲ $38.688M ▲ $-51.693M ▼ $21.02M ▼ $8.015M ▼ $36.699M ▲
Q3-2024 $23.338M $18.001M $-15.22M $36.232M $39.013M $15.322M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, showing that the bank continues to win and retain business. However, profit per share peaked a few years ago and has eased back since, even though it remains higher than pre‑pandemic levels. That suggests that while the bank is still solidly profitable, its margins are under more pressure, likely from higher funding costs and a tougher interest‑rate environment. Overall, the income statement points to a mature, stable franchise: growth is incremental rather than explosive, and recent years look more like “holding ground” on earnings than breaking new records.

Balance Sheet

Balance Sheet The balance sheet looks conservative and sturdy. Total assets have grown at a measured pace, and shareholder equity has risen over time, which is a good sign of retained strength and disciplined capital management. Borrowed debt is very low relative to the size of the bank and has actually come down from a temporary spike, reinforcing a low‑leverage profile. Cash levels are lower than the unusually high peak seen a few years ago, but that appears more like a return to normal after an exceptional liquidity period rather than a sign of stress. In simple terms, the bank looks well‑capitalized with room to absorb shocks, though detailed asset quality data would be needed to fully confirm that picture.

Cash Flow

Cash Flow Cash generation has been consistently positive, with operating cash flow comfortably covering the bank’s modest investment spending. Free cash flow closely tracks operating cash flow, which indicates that the business does not require heavy ongoing capital outlays to function or grow. This pattern fits a disciplined regional bank: it throws off reliable cash, invests steadily but not aggressively, and appears to manage its spending in line with what its core franchise can support.

Competitive Edge

Competitive Edge Lakeland operates as a classic relationship‑driven regional bank with deep roots in Indiana. Its long local history, strong market share in key counties, and focus on personalized service create a loyalty base that is hard for larger, more transactional banks to replicate. Commercial lending, especially to local businesses, agriculture, and real estate, appears to be a core strength. Management emphasizes efficiency and organic growth rather than big acquisitions, which has historically translated into strong profitability metrics. The main strategic risk is concentration: the franchise is heavily tied to Indiana’s economy and to a relationship model that must continually prove its value as more banking activity moves online. Still, within its chosen footprint, LKFN looks like a well‑entrenched competitor with a clear identity.

Innovation and R&D

Innovation and R&D For a community‑oriented bank, Lakeland is leaning meaningfully into technology. Its unified digital platform for consumers and businesses, built with a modern fintech partner, brings together banking, payments, budgeting tools, and small‑business services under one roof. The newer digital investing offering broadens its reach into wealth and self‑directed investing without requiring large account sizes. The planned Innovation and Technology Center and ongoing partnerships with major fintech providers show that technology is not a side project but a core strategic focus. The key execution challenge is balance: using digital tools to enhance its relationship bankers and customer experience, rather than replacing the human touch that is central to its brand. How well it integrates advanced payments, analytics, and online features while keeping customers feeling known and supported will be an important watch point.

Summary

Lakeland Financial comes across as a steady, well‑run regional bank: revenues have trended upward, profits are solid though off their recent peak, and the balance sheet looks conservative with strong capital and low reliance on debt. Cash generation is reliable and comfortably supports the bank’s ongoing investments. Its edge lies in a long‑standing, relationship‑centric model in Indiana, strong ties to local businesses, and disciplined operations that have historically produced above‑average efficiency. At the same time, the bank is proactively investing in digital platforms, wealth offerings, and a new technology hub, signaling an intent to stay relevant as banking habits evolve. Key opportunities include deepening its presence in growing local markets, cross‑selling treasury and wealth services to existing clients, and expanding digital capabilities. Key risks revolve around geographic concentration, the credit and interest‑rate cycle, and the need to execute its tech strategy without eroding the personal service that underpins its franchise. This assessment is based only on the summarized figures and qualitative description provided, so a full view would require more detailed credit, regulatory, and competitive data.

NEWS

October 27, 2025 · 7:00 AM UTC

Lakeland Financial Reports Third Quarter Performance; Net Income Grows by 13% to $26.4 Million, as Net Interest Income Expands by 14%

Read more