LKFN
Lakeland Financial Corporation
NASDAQ: LKFN · FINANCIAL SERVICES · BANKS - REGIONAL
$59.58
-3.39% today
Updated 2026-04-29
Market cap
$1.51B
P/E ratio
14.17
P/S ratio
5.63x
EPS (TTM)
$4.27
Dividend yield
3.42%
52W range
$53 – $68
Volume
0.2M
Lakeland Financial Corporation (LKFN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 margin | 54.9% | 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 margin | 22.8% | 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 margin | 26.1% | 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 rate | 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% | 0.0% |
| 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 margin | 15.1% | 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% |