Lakeland Financial Corporation (LKFN) vs Westamerica Bancorporation (WABC)
A side-by-side comparison of Lakeland Financial Corporation and Westamerica Bancorporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — LKFN vs WABC
growth of $100 · dividends reinvested · last 10yLKFN vs WABC: by the numbers
- •LKFN is the larger company ($1.45B vs $1.38B market cap).
- •WABC trades at the lower trailing earnings multiple (12.94 vs 13.34 P/E), one valuation lens rather than an overall verdict.
- •WABC converts more revenue to profit (41.70% vs 26.04% net margin).
- •LKFN grew revenue faster over the past five years (13.42% vs 4.52% CAGR).
- •LKFN pays the higher dividend yield (3.53% vs 3.20%).
Metrics side by side
Valuation
| Metric | LKFN | WABC |
|---|---|---|
| P/E ratio | 13.34 | 12.94 |
| Forward P/E | 13.28 | 12.68 |
| PEG ratio | 3.36 | 1.48 |
| P/S ratio | 3.39 | 5.19 |
| P/B ratio | 1.87 | 1.62 |
Profitability
| Metric | LKFN | WABC |
|---|---|---|
| Operating margin | 31.81% | 56.07% |
| Net margin | 26.04% | 41.70% |
| ROE | 14.38% | 12.99% |
Lakeland Financial Corporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Westamerica Bancorporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Dividends
| Metric | LKFN | WABC |
|---|---|---|
| Dividend yield | 3.53% | 3.20% |
| Payout ratio | 47.25% | 41.41% |
Growth (annualized)
| Metric | LKFN | WABC |
|---|---|---|
| Revenue CAGR (5Y) | 13.42% | 4.52% |
| EPS CAGR (5Y) | 3.96% | 8.74% |
| Total return CAGR (5Y) | -1.77% | 4.64% |
Frequently asked
- Which has the lower trailing P/E, LKFN or WABC?
- WABC has the lower trailing P/E: LKFN trades at 13.34 and WABC at 12.94. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, LKFN or WABC?
- Over the past five years, LKFN grew revenue faster — LKFN at a 13.42% CAGR versus WABC at 4.52%.
- Does LKFN or WABC pay a bigger dividend?
- LKFN yields 3.53% and WABC yields 3.20% based on trailing dividends and the latest price.
- Is LKFN or WABC more profitable?
- WABC runs the higher net margin — LKFN at 26.04% versus WABC at 41.70%.
- How have LKFN and WABC total returns compared?
- Over the past 10 years, LKFN delivered 7.84% and WABC delivered 4.55% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Lakeland Financial & Westamerica Bancorporation appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.