Lakeland Financial Corporation

The Company, through its subsidiary, Lake City Bank (the Bank), provides an array of products and services throughout its Northern and Central Indiana markets. It offers commercial and consumer banking services, as well as trust and wealth management, brokerage, investment and treasury management commercial services. It serves a range of industries, including commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and healthcare. The Bank's activities cover all phases of commercial banking, including deposit products, commercial and consumer lending, retail and merchant credit card services, corporate treasury management services, and wealth advisory, trust and brokerage services. The Bank has over 50 offices in over 10 counties in Northern and Central Indiana.
Warsaw, US
Size (employees)
524 (est)+2%
Lakeland Financial Corporation is headquartered in Warsaw, US

Lakeland Financial Corporation Office Locations

Lakeland Financial Corporation has an office in Warsaw
Warsaw, US (HQ)
202 E Center St

Lakeland Financial Corporation Metrics

Lakeland Financial Corporation Financial Metrics

Revenue (2016)

$139 m

Revenue growth (2015-16), %


Gross profit

$118.5 m

Gross profit margin (2016), %


Net income (2016)

$52.1 m

Market capitalization (21-Mar-2017)

$1.1 b

Closing share price (21-Mar-2017)


Cash (31-Dec-2016)

$167.3 m
Lakeland Financial Corporation's current market capitalization is $1.1 b.
Lakeland Financial Corporation's revenue was reported to be $139 m in FY, 2016 which is a 13.4% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016


$107.7 m$117.3 m$122.5 m$139 m

Revenue growth, %


Cost of goods sold

$16.6 m$20.5 m

Gross profit

$105.9 m$118.5 m

Gross profit Margin, %


Operating expense total

$68.2 m$73 m


$105.9 m$117.3 m

EBIT margin, %


Pre tax profit

$69.2 m$77.2 m

Income tax expense

$22.8 m$25.1 m

Net Income

$38.8 m$43.8 m$46.4 m$52.1 m
FY, 2013FY, 2014FY, 2015FY, 2016


$63.1 m$90.6 m$80.7 m$167.3 m

Accounts Receivable

$8.6 m$8.7 m$9.5 m$11.7 m



$5 m$5 m$5 m$5 m

Total Assets

$3.2 b$3.4 b$3.8 b$4.3 b

Accounts Payable

$2.9 m$2.9 m$3.8 m$5.7 m

Total Debt

$31 m$31 m$31 m$31 m

Retained Earnings

$233.1 m$263.3 m$294 m$327.9 m

Total Equity

$322 m$361.4 m$392.9 m$427.1 m

Debt to Equity Ratio

0.1 x0.1 x0.1 x0.1 x

Debt to Assets Ratio

0 x0 x0 x0 x

Financial Leverage

9.9 x9.5 x9.6 x10 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$38.8 m$43.8 m$46.4 m$52.1 m

Depreciation and Amortization

$3 m$3.4 m$3.8 m$4.2 m

Accounts Receivable


Accounts Payable

Cash From Operating Activities

$63 m$55.7 m$55.8 m$62.2 m

Purchases of PP&E

($167.5 m)($73.4 m)($91.8 m)($116.2 m)

Cash From Investing Activities

($312.5 m)($239.8 m)($339.1 m)($442.4 m)

Cash From Financing Activities

$80.4 m$211.6 m$273.4 m$466.9 m

Interest Paid

$19.1 m$15 m$15.8 m$18.6 m

Income Taxes Paid

$17.3 m$21.2 m$21.6 m$21.6 m

Lakeland Financial Corporation Market Value History

Lakeland Financial Corporation Online Presence

Lakeland Financial Corporation Company Life

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