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LKFN

Lakeland Financial Corporation

NASDAQ: LKFN · FINANCIAL SERVICES · BANKS - REGIONAL

$60.06
+1.17% today

Updated 2026-06-05

Market cap
$1.48B
P/E ratio
13.87
P/S ratio
5.51x
EPS (TTM)
$4.27
Dividend yield
3.36%
52W range
$54 – $68
Volume
0.2M

Lakeland Financial Corporation (LKFN) Financial statements

SEC filings — annual and quarterly data.

Income statement — annual

Item20062007200820092010201120122013201420152016201720182019202020212022202320242025
Revenue$123.81M$137.55M$141.81M$138.59M$141.10M$140.44M$135.19M$132.84M$141.17M$146.43M$163.67M$193.50M$229.59M$249.80M$228.08M$237.94M$281.43M$343.27M$430.00M$421.71M
Revenue growth (YoY)+11.1%+3.1%-2.3%+1.8%-0.5%-3.7%-1.7%+6.3%+3.7%+11.8%+18.2%+18.6%+8.8%-8.7%+4.3%+18.3%+22.0%+25.3%-1.9%
Cost of revenue$55.87M$67.72M$65.42M$57.26M$54.82M$43.61M$29.25M$17.30M$14.98M$16.61M$21.62M$32.81M$54.10M$63.40M$44.87M$16.21M$46.05M$49.86M$193.23M$164.52M
Gross profit$67.95M$69.84M$76.39M$81.32M$86.28M$96.83M$105.94M$115.54M$126.19M$129.81M$142.05M$160.70M$175.49M$186.40M$183.22M$221.73M$235.37M$343.27M$236.77M$257.19M
Gross margin54.9%50.8%53.9%58.7%61.1%68.9%78.4%87.0%89.4%88.7%86.8%83.0%76.4%74.6%80.3%93.2%83.6%100.0%55.1%61.0%
R&D$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
SG&A$22.38M$23.82M$31.45M$33.16M$30.53M$36.89M$38.94M$41.77M$43.66M$44.14M$46.98M$51.85M$54.41M$53.75M$54.21M$60.12M$60.53M$8.58M$70.19M$74.49M
Operating income$28.23M$27.58M$28.91M$27.85M$36.78M$45.38M$52.58M$58.40M$66.19M$69.20M$77.22M$89.63M$98.94M$107.39M$103.88M$117.44M$125.16M$110.33M$111.69M$125.58M
Operating margin22.8%20.0%20.4%20.1%26.1%32.3%38.9%44.0%46.9%47.3%47.2%46.3%43.1%43.0%45.5%49.4%44.5%32.1%26.0%29.8%
EBITDA$32.29M$29.92M$31.05M$30.31M$39.65M$48.31M$56.15M$62.02M$70.13M$73.51M$82.04M$95.35M$105.10M$113.84M$110.69M$125.83M$131.94M$110.33M$117.64M$130.37M
EBITDA margin26.1%21.8%21.9%21.9%28.1%34.4%41.5%46.7%49.7%50.2%50.1%49.3%45.8%45.6%48.5%52.9%46.9%32.1%27.4%30.9%
EBIT$28.23M$27.58M$28.91M$27.85M$36.78M$45.38M$52.58M$58.40M$66.19M$69.20M$77.22M$89.63M$98.94M$107.39M$103.88M$117.44M$125.16M$110.33M$111.69M$125.58M
Interest expense$53.22M$63.42M$55.22M$36.06M$30.87M$29.81M$26.70M$17.30M$14.98M$16.61M$20.47M$29.81M$47.70M$60.16M$30.09M$15.13M$36.68M$146.23M$176.48M$152.72M
Income tax
Effective tax rate0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net income$18.72M$19.21M$19.70M$18.98M$24.54M$30.66M$35.39M$38.84M$43.80M$46.37M$52.08M$57.33M$80.41M$87.05M$84.34M$95.73M$103.82M$93.77M$93.48M$103.36M
Net income growth (YoY)+2.6%+2.6%-3.7%+29.3%+24.9%+15.4%+9.7%+12.8%+5.8%+12.3%+10.1%+40.3%+8.3%-3.1%+13.5%+8.4%-9.7%-0.3%+10.6%
Profit margin15.1%14.0%13.9%13.7%17.4%21.8%26.2%29.2%31.0%31.7%31.8%29.6%35.0%34.8%37.0%40.2%36.9%27.3%21.7%24.5%

Frequently asked questions

What is Lakeland Financial Corporation's revenue?

Lakeland Financial Corporation's trailing twelve-month revenue is $267.89M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.

How profitable is LKFN?

In its most recent fiscal year, LKFN ran a gross margin of 60.99%, an operating margin of 29.78%, and a net margin of 24.51%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.

How much free cash flow does LKFN generate?

LKFN produced $103.77M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.

Is LKFN's balance sheet healthy?

LKFN holds $57.14M in cash and equivalents against $14.20M in long-term debt, on $762.40M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.