Lakeland Financial (LKFN) Financials: History & Chart

Lakeland Financial Corporation(LKFN)

Banks - Regional · Warsaw, IN

$58.40+0.09 (+0.16%)

Delayed quote: Oct 6, 2026, 10:50 AM EDT

About Lakeland Financial Corporation

Lakeland Financial Corporation serves as the parent organization for Lake City Bank, offering a broad spectrum of banking and financial solutions. The company manages various deposit accounts, including non-interest-bearing and interest-bearing checking, savings, money market, NOW, and demand deposits. Its lending portfolio is diverse, providing commercial and industrial loans, financing for commercial real estate and multi-family residences, agri-business and agricultural loans, and a variety of consumer loans, such as 1-4 family mortgages. Beyond traditional banking, Lakeland Financial offers retail and merchant credit card services, advanced corporate treasury management, wealth advisory, and trust administration. It also facilitates retail brokerage, featuring investment vehicles like annuities and life insurance, and supports clients with mobile business banking and online treasury management platforms. The firm caters to a wide range of sectors, including commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, hospitality, and healthcare industries. Established in 1872, Lakeland Financial Corporation is headquartered in Warsaw, Indiana. As of December 31, 2021, it operated an extensive network of 51 branches across fifteen counties, with 45 located in northern Indiana and six in central Indiana.

Warsaw, IN

695 employees

www.lakecitybank.com

Financial Services / Banks - Regional

Sector: Financial Services
Industry: Banks - Regional
CEO: David Findlay

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Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	427.09M	107.72M	104.92M	106.61M	107.84M	105.87M	101.38M	105.25M	106.94M
Cost of Goods Sold	153.40M	38.55M	37.21M	36.81M	40.81M	42.51M	44.38M	45.37M	48.80M
Gross Profit	273.69M	69.17M	67.71M	69.80M	67.03M	63.36M	57.00M	59.88M	58.13M
Gross Profit Margin	64.1%	64.2%	64.5%	65.5%	62.2%	59.8%	56.2%	56.9%	54.4%
Total Operating Expenses	137.85M	34.29M	35.15M	33.45M	34.97M	30.43M	32.76M	30.65M	30.39M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	100.08M	29.29M	29.61M	19.88M	21.29M	14.62M	18.70M	18.16M	17.44M
Operating Income (EBIT)	135.85M	34.88M	32.55M	36.35M	32.06M	32.93M	24.24M	29.23M	27.74M
Operating Margin	31.8%	32.4%	31.0%	34.1%	29.7%	31.1%	23.9%	27.8%	25.9%
Income Before Tax (EBT)	135.68M	34.71M	32.55M	36.35M	32.06M	32.93M	24.24M	29.23M	27.74M
Interest Income	376.03M	95.15M	91.99M	94.01M	94.89M	94.39M	90.45M	93.37M	95.02M
Interest Expense	147.69M	36.85M	35.21M	36.81M	38.81M	39.51M	37.58M	41.68M	45.74M
Other Income/Expense	-170K	-170K	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	111.23M	28.44M	26.48M	29.91M	26.40M	26.97M	20.09M	24.19M	23.34M
Income Tax Expense	24.45M	6.27M	6.08M	6.45M	5.66M	5.96M	4.16M	5.04M	4.40M
Net Profit Margin	26.0%	26.4%	25.2%	28.1%	24.5%	25.5%	19.8%	23.0%	21.8%
EBITDA	141.75M	36.36M	34.15M	37.54M	33.69M	34.50M	25.82M	30.33M	29.33M
EBITDA Margin	33.2%	33.8%	32.6%	35.2%	31.2%	32.6%	25.5%	28.8%	27.4%
Depreciation & Amortization	5.91M	1.48M	1.60M	1.19M	1.63M	1.57M	1.58M	1.10M	1.60M
EPS Basic	4.38	1.14	1.04	1.17	1.03	1.05	0.78	0.94	0.91
EPS Diluted	4.36	1.13	1.04	1.16	1.03	1.04	0.78	0.94	0.91
Weighted Average Basic Shares	25.06M	25.06M	25.34M	25.62M	25.70M	25.71M	25.71M	25.69M	25.68M
Weighted Average Diluted Shares	25.23M	25.23M	25.49M	25.77M	25.82M	25.78M	25.80M	25.79M	25.77M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	421.71M	430.00M	393.13M	281.43M	237.94M	228.08M	249.80M	229.59M
Cost of Goods Sold	164.52M	193.23M	152.08M	46.05M	16.21M	44.87M	63.40M	54.10M
Gross Profit	257.19M	236.77M	241.04M	235.37M	221.73M	183.22M	186.40M	175.49M
Gross Profit Margin	61.0%	55.1%	61.3%	83.6%	93.2%	80.3%	74.6%	76.4%
Total Operating Expenses	131.60M	125.08M	130.71M	110.21M	104.29M	79.34M	79.02M	76.54M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	74.49M	70.19M	62.51M	60.53M	60.12M	54.21M	53.75M	54.41M
Operating Income (EBIT)	125.58M	111.69M	110.33M	125.16M	117.44M	103.88M	107.39M	98.94M
Operating Margin	29.8%	26.0%	28.1%	44.5%	49.4%	45.5%	43.0%	43.1%
Income Before Tax (EBT)	125.58M	111.69M	110.33M	125.16M	117.44M	103.88M	107.39M	98.94M
Interest Income	373.74M	373.16M	343.27M	239.57M	193.22M	193.10M	215.21M	198.97M
Interest Expense	152.72M	176.48M	146.23M	36.68M	15.13M	30.09M	60.16M	47.70M
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	103.36M	93.48M	93.77M	103.82M	95.73M	84.34M	87.05M	80.41M
Income Tax Expense	22.22M	18.21M	16.57M	21.35M	21.71M	19.54M	20.34M	18.53M
Net Profit Margin	24.5%	21.7%	23.9%	36.9%	40.2%	37.0%	34.8%	35.0%
EBITDA	130.37M	117.64M	116.51M	131.94M	125.83M	110.69M	113.84M	105.10M
EBITDA Margin	30.9%	27.4%	29.6%	46.9%	52.9%	48.5%	45.6%	45.8%
Depreciation & Amortization	4.79M	5.95M	6.17M	6.78M	8.39M	6.81M	6.46M	6.16M
EPS Basic	4.02	3.64	3.66	4.07	3.76	3.31	3.40	3.18
EPS Diluted	4.01	3.63	3.65	4.04	3.74	3.30	3.38	3.13
Weighted Average Basic Shares	25.62M	25.68M	25.61M	25.53M	25.48M	25.47M	25.59M	25.29M
Weighted Average Diluted Shares	25.77M	25.77M	25.72M	25.71M	25.62M	25.57M	25.76M	25.73M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.