NASDAQ · Financial Statements

Lakeland Financial Corporation (LKFN) Financial Statements

$58.39 NASDAQ: LKFN Market Cap $1.45B

Lakeland Financial Corporation most recently reported annual revenue of $422.0M, net profit of $103.0M. Revenue grew at an average annual rate of 13.1% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Lakeland Financial Corporation: Revenue rose from $164.0M in 2016 to $422.0M in 2025, a change of +157.3% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 47.2% to 29.8%, a shift of -17.4 percentage points; the most recent year shows net profit of $103.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$164.0M$194.0M$230.0M$250.0M$228.0M$238.0M$281.0M$393.0M$430.0M$422.0M
Operating Expenses$86.0M$104.0M$131.0M$142.0M$124.0M$120.0M$156.0M$283.0M$318.0M$296.0M
Operating Profit$77.0M$90.0M$99.0M$107.0M$104.0M$117.0M$125.0M$110.0M$112.0M$126.0M
Operating Margin47.2%46.3%43.1%43.0%45.5%49.4%44.5%28.1%26.0%29.8%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$20.0M$30.0M$48.0M$60.0M$30.0M$15.0M$37.0M$146.0M$176.0M$153.0M
Depreciation$5.0M$6.0M$6.0M$6.0M$7.0M$8.0M$7.0M$6.0M$6.0M$5.0M
Profit Before Tax$77.0M$90.0M$99.0M$107.0M$104.0M$117.0M$125.0M$110.0M$112.0M$126.0M
Tax$32.5M$36.0M$18.7M$18.9M$18.8M$18.5M$17.1M$15.0M$16.3M$17.7M
Net Profit$52.0M$57.0M$80.0M$87.0M$84.0M$96.0M$104.0M$94.0M$93.0M$103.0M
EPS$2.05$2.23$3.13$3.38$3.30$3.74$4.04$3.65$3.63$4.01
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$99.0M$108.0M$104.0M$114.0M$107.0M$105.0M$101.0M$106.0M$108.0M$107.0M$105.0M$108.0M
Operating Expenses$70.0M$72.0M$76.0M$87.0M$79.0M$76.0M$77.0M$73.0M$76.0M$70.0M$72.0M$73.0M
Operating Profit$30.0M$36.0M$28.0M$27.0M$28.0M$29.0M$24.0M$33.0M$32.0M$36.0M$33.0M$35.0M
Operating Margin29.9%33.3%26.8%23.6%25.9%27.8%23.9%31.1%29.7%34.1%31.0%32.4%
Interest$40.0M$42.0M$44.0M$45.0M$46.0M$42.0M$38.0M$40.0M$39.0M$37.0M$35.0M$37.0M
Profit Before Tax$30.0M$36.0M$28.0M$27.0M$28.0M$29.0M$24.0M$33.0M$32.0M$36.0M$33.0M$35.0M
Tax$15.1M$17.9M$15.8M$16.2M$15.9M$17.2M$17.1M$18.1M$17.6M$17.7M$18.7M$18.1M
Net Profit$25.0M$30.0M$23.0M$23.0M$23.0M$24.0M$20.0M$27.0M$26.0M$30.0M$26.0M$28.0M
EPS$0.98$1.15$0.91$0.87$0.91$0.94$0.78$1.04$1.03$1.16$1.04$1.13

Over the 10 years reported for Lakeland Financial Corporation, borrowings decreased from $441.0M in 2016 to $184.0M in 2025, cash stood at $57.0M in the latest year, shareholders' equity was $137.0M, current assets covered current liabilities 0.03 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$4.3B$4.7B$4.9B$4.9B$5.8B$6.6B$6.4B$6.5B$6.7B$7.0B
Current Assets$683.0M$729.0M$818.0M$723.0M$1.0B$2.1B$1.3B$1.2B$619.0M$170.0M
Cash$167.0M$176.0M$217.0M$99.0M$250.0M$683.0M$130.0M$152.0M$168.0M$57.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$12.0M$14.0M$16.0M$15.0M$19.0M$18.0M$28.0M$30.0M$28.0M$29.0M
Fixed Assets$52.0M$56.0M$58.0M$60.0M$59.0M$59.0M$58.0M$58.0M$60.0M$66.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$3.9B$4.3B$4.5B$4.6B$5.3B$5.6B$6.0B$6.0B$6.2B$5.4B
Other Assets$5.0M$5.0M$5.0M$5.0M$5.0M$5.0M$5.0M$5.0M$5.0M$5.0M
Total Liabilities$3.9B$4.2B$4.4B$4.3B$5.2B$5.9B$5.9B$5.9B$6.0B$6.2B
Current Liabilities$3.8B$4.2B$4.3B$4.1B$5.0B$5.7B$5.5B$5.7B$5.9B$6.2B
Borrowings$441.0M$182.0M$446.0M$170.0M$86.0M$75.0M$297.0M$50.0M$0$184.0M
Other Liabilities$3.4B$4.0B$3.9B$4.2B$5.1B$5.8B$5.6B$5.8B$6.0B$6.0B
Equity$104.0M$109.0M$112.0M$115.0M$115.0M$121.0M$127.0M$128.0M$130.0M$137.0M
Reserves$427.0M$469.0M$522.0M$598.0M$657.0M$705.0M$569.0M$650.0M$684.0M$762.0M

For Lakeland Financial Corporation, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $104.0M; free cash flow was positive in 10 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$62.0M$77.0M$105.0M$100.0M$87.0M$114.0M$169.0M$114.0M$102.0M$115.0M
Investing Cash Flow$-452.0M$-406.0M$-174.0M$-177.0M$-718.0M$-338.0M$-631.0M$-61.0M$-173.0M$-337.0M
Financing Cash Flow$395.0M$429.0M$33.0M$87.0M$890.0M$696.0M$-277.0M$256.0M$177.0M$52.0M
Net Cash Flow$87.0M$9.0M$41.0M$-118.0M$151.0M$433.0M$-553.0M$22.0M$16.0M$-27.0M
Free Cash Flow$52.0M$68.0M$97.0M$92.0M$82.0M$108.0M$165.0M$108.0M$94.0M$104.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.71
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y-2.66%
Return 3Y19.81%
Return 5Y17.08%

Lakeland Financial Corporation (LKFN) financials — frequently asked questions

What is Lakeland Financial Corporation's annual revenue?

Lakeland Financial Corporation (LKFN) reported annual revenue of $422.0M in its most recent fiscal year.

What is Lakeland Financial Corporation's net profit?

Lakeland Financial Corporation (LKFN) reported net profit of $103.0M in its most recent fiscal year.

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