Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various financial services. The Company offers various deposit products and commercial, industrial and consumer loans. In addition, it provides corporate treasury management, wealth advisory, trust, and wealth management services, retail brokerage services, including various financial and investment products, such as annuities and life insurance, retail and merchant credit card services, and Internet business banking and on-line treasury management services.

TypePublic
HQWarsaw, US
Founded1872
Size (employees)524 (est)
Websitelakecitybank.com
Lakeland Financial Corporation was founded in 1872 and is headquartered in Warsaw, US
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Lakeland Financial Corporation Office Locations

Lakeland Financial Corporation has an office in Warsaw
Warsaw, US (HQ)
202 East Center Street, P.O. Box 1387
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Lakeland Financial Corporation Financials and Metrics

Lakeland Financial Corporation Revenue

Lakeland Financial Corporation's revenue was reported to be $171.82 m in FY, 2016 which is a 11.6% increase from the previous period.
USD

Revenue (Q2, 2018)

114.4 m

Gross profit (Q2, 2018)

93.3 m

Gross profit margin (Q2, 2018), %

81.6%

Net income (Q2, 2018)

38.5 m

EBIT (Q2, 2018)

68.8 m

Market capitalization (20-Sep-2018)

1.2 b

Closing stock price (20-Sep-2018)

48.4

Cash (30-Jun-2018)

180.2 m

EV

1.3 b
Lakeland Financial Corporation's current market capitalization is $1.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

107.7 m147.3 m154 m171.8 m

Revenue growth, %

37%5%12%

Cost of goods sold

16.6 m20.5 m29.8 m

Gross profit

137.4 m151.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

38 m38.9 m40.3 m42.4 m44.1 m46.4 m49.6 m55.9 m114.4 m

Cost of goods sold

4.2 m4.3 m4.6 m5.1 m5.4 m6.1 m7 m9.8 m21.1 m

Gross profit

33.8 m34.6 m35.6 m37.3 m38.7 m40.3 m42.6 m46.1 m93.3 m

Gross profit Margin, %

89%89%89%88%88%87%86%82%82%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

63.1 m90.6 m80.7 m167.3 m176.2 m

Accounts Receivable

8.6 m8.7 m9.5 m3.5 m

Inventories

Goodwill

5 m5 m5 m5 m5 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

81.3 m77.1 m160.4 m70.2 m113 m89.5 m98.1 m80.7 m108.9 m278.4 m111.6 m137.3 m167.6 m180.2 m

Goodwill

5 m5 m5 m5 m5 m5 m5 m5 m5 m5 m5 m5 m5 m5 m

Total Assets

3 b3.2 b3.4 b3.4 b3.5 b3.6 b3.7 b3.8 b3.9 b4.2 b4.3 b4.4 b4.7 b4.8 b

Accounts Payable

2.4 b2.7 b2.8 b2.9 b3 b3 b3.1 b3.3 b3.4 b3.7 b3.7 b3.6 b4.1 b3.9 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

38.8 m43.8 m46.4 m52.1 m57.3 m

Depreciation and Amortization

3 m3.4 m3.8 m4.2 m5.1 m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

28.3 m9.9 m21.2 m32.7 m11.1 m22.5 m34.1 m12.3 m25.1 m38.6 m14.5 m29.9 m18.3 m38.5 m

Depreciation and Amortization

2.2 m830 k1.7 m2.5 m956 k1.9 m2.8 m983 k2 m3.1 m1.2 m2.4 m1.4 m2.8 m

Cash From Operating Activities

50.2 m14.9 m25.8 m39.7 m16.5 m26.4 m43.1 m18.5 m34.8 m49.5 m20.8 m35.9 m25.9 m45.6 m

Purchases of PP&E

(142 m)(13.5 m)(29.5 m)(58.7 m)(26.1 m)(43.9 m)(70.2 m)(27 m)(53.8 m)(77.1 m)(52.8 m)(90.1 m)(53.8 m)(72.7 m)
USDY, 2018

EV/EBIT

18.2 x

EV/CFO

27.4 x

Financial Leverage

9.8 x
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Lakeland Financial Corporation Operating Metrics

Lakeland Financial Corporation's Total Loans was reported to be $3.6b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

46 47 48

Non-performing Loans

$13.71 m$15.61 m$14.37 m$14.31 m$13.06 m$7.58 m$9.33 m$7.26 m$6.69 m$11.82 m$9.88 m

Total Loans

$2.76 b$2.77 b$2.89 b$2.97 b$3.08 b$3.11 b$3.20 b$3.28 b$3.47 b$3.53 b$3.58 b
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Lakeland Financial Corporation Online and Social Media Presence

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Lakeland Financial Corporation Company Life and Culture

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