Company research
LAKELAND FINANCIAL CORP
CIK 721994Updated Sep 27, 2026
SecurityLKFN · NASDAQ · equity
LKFN price & chart
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Lake City Bank Ranked Among Top Performing U.S. Banks in Bank Director Magazine's 2026 RankingBanking ↗
Recent filings
10-Q filing
SCHEDULE 13G filing
Regulation FD Disclosure
Items 7.01, 9.01
Results of Operations and Financial Condition
Items 2.02, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Show 5 more recent filings
11-K filing
144 filing
10-Q filing
Regulation FD Disclosure
Items 7.01, 9.01
Results of Operations and Financial Condition
Items 2.02, 9.01
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 6,990,022,000Source | 6,678,374,000Source | 6,524,029,000Source | 6,432,371,000Source |
| Property, Plant and Equipment, NetUSD | 65,542,000Source | 60,489,000Source | 57,899,000Source | 58,097,000Source |
| GoodwillUSD | 4,970,000Source | 4,970,000Source | 4,970,000Source | 4,970,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 141,318,000Source | 168,205,000Source | 151,824,000Source | 130,282,000Source |
| Operating Lease, Right-of-Use AssetUSD | 7,068,000Source | 6,777,000Source | 4,695,000Source | 5,296,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 6,227,530,000Source | 5,994,463,000Source | 5,874,236,000Source | 5,863,484,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 136,965,000Source | 129,664,000Source | 127,692,000Source | 127,004,000Source |
| Retained Earnings (Accumulated Deficit)USD | 788,345,000Source | 736,412,000Source | 692,760,000Source | 646,100,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -127,137,000Source | -166,500,000Source | -155,195,000Source | -188,923,000Source |
| Stockholders' Equity Attributable to ParentUSD | 762,403,000Source | 683,822,000Source | 649,704,000Source | 568,798,000Source |
| Liabilities and EquityUSD | 6,990,022,000Source | 6,678,374,000Source | 6,524,029,000Source | 6,432,371,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 89,000Source | 89,000Source | 89,000Source | 89,000Source |
| Additional Financial Items | ||||
| Long-term DebtUSD | — | — | 50,000,000Source | 297,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 8,557,000Source | 4,586,000Source | 3,653,000Source | 7,811,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 114,887,000Source | 102,485,000Source | 113,981,000Source | 169,342,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -325,421,000Source | -164,235,000Source | -54,932,000Source | -626,524,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 11,122,000Source | 8,634,000Source | 5,991,000Source | 4,821,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 20,391,000Source | 592,000Source | 575,000Source | 579,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 183,647,000Source | 78,131,000Source | -37,507,000Source | -95,776,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 51,415,000Source | 49,281,000Source | 47,094,000Source | 40,838,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -26,887,000Source | 16,381,000Source | 21,542,000Source | -552,958,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 141,318,000Source | 168,205,000Source | 151,824,000Source | 130,282,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 158,967,000Source | 185,256,000Source | 128,525,000Source | 36,113,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 8,600,000Source | 4,600,000Source | 3,700,000Source | 7,800,000Source |
| Bank Owned Life Insurance IncomeUSD | — | — | 3,133,000Source | 432,000Source |
| Debt and Equity Securities, Gain (Loss)USD | — | — | -25,000Source | 21,000Source |
| DepreciationUSD | 5,978,000Source | 5,953,000Source | 6,173,000Source | 6,020,000Source |
| Equipment ExpenseUSD | 5,716,000Source | 5,612,000Source | 5,632,000Source | 5,763,000Source |
| Equity Securities, FV-NI, Gain (Loss)USD | 0Source | 8,996,000Source | — | — |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 11,800,000Source | 16,750,000Source | 5,850,000Source | 9,375,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | -85,000Source | -81,000Source | -3,000Source | -7,000Source |
| Gain (Loss) on Sales of Loans, NetUSD | 567,000Source | 556,000Source | 292,000Source | 1,028,000Source |
| GoodwillUSD | 4,970,000Source | 4,970,000Source | 4,970,000Source | 4,970,000Source |
| Income Tax Expense (Benefit)USD | 22,222,000Source | 18,211,000Source | 16,566,000Source | 21,347,000Source |
| Net Income (Loss) Attributable to ParentUSD | 103,361,000Source | 93,478,000Source | 93,767,000Source | 103,817,000Source |
| Other Interest and Dividend IncomeUSD | 6,988,000Source | 7,631,000Source | 5,703,000Source | 2,214,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | 0Source | 0Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 66,834,000Source | 59,669,000Source | 71,833,000Source | 108,129,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 11,800,000Source | 16,750,000Source | 5,850,000Source | 9,375,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 125,583,000Source | 111,689,000Source | 110,333,000Source | 125,164,000Source |
| Income Tax Expense (Benefit)USD | 22,222,000Source | 18,211,000Source | 16,566,000Source | 21,347,000Source |
| Net Income (Loss) Attributable to ParentUSD | 103,361,000Source | 93,478,000Source | 93,767,000Source | 103,817,000Source |
| Earnings Per Share, BasicUSD per share | 4.02Source | 3.64Source | 3.67Source | 4.07Source |
| Earnings Per Share, DilutedUSD per share | 4.01Source | 3.63Source | 3.65Source | 4.04Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 25,687,159Source | 25,676,543Source | 25,604,751Source | 25,528,328Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 25,799,047Source | 25,769,018Source | 25,723,165Source | 25,712,538Source |
| Additional Financial Items | ||||
| Bank Owned Life Insurance IncomeUSD | — | — | 3,133,000Source | 432,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 2Source | 1.92Source | 1.84Source | 1.6Source |
| Debt and Equity Securities, Gain (Loss)USD | — | — | -25,000Source | 21,000Source |
| Debt Securities, Gain (Loss)USD | 0Source | -46,000Source | — | — |
| Equipment ExpenseUSD | 5,716,000Source | 5,612,000Source | 5,632,000Source | 5,763,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 11,800,000Source | 16,750,000Source | 5,850,000Source | 9,375,000Source |
| Interest ExpenseUSD | — | — | 146,232,000Source | 36,680,000Source |
| InterestExpenseOperatingUSD | 152,718,000Source | 176,479,000Source | — | — |
| Interest Income (Expense), NetUSD | 221,017,000Source | 196,679,000Source | 197,035,000Source | 202,887,000Source |
| Labor and Related ExpenseUSD | 75,293,000Source | 66,728,000Source | 59,147,000Source | 58,530,000Source |
| Other Interest and Dividend IncomeUSD | 6,988,000Source | 7,631,000Source | 5,703,000Source | 2,214,000Source |