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.
Company Growth (employees)
Type
Public
HQ
Warsaw, US
Size (employees)
524 (est)
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 Data and Metrics

Lakeland Financial Corporation Financial Metrics

Lakeland Financial Corporation's revenue was reported to be $46.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

46.4 m

Gross profit (Q1, 2017)

40.3 m

Gross profit margin (Q1, 2017), %

87%

Net income (Q1, 2017)

14.5 m

EBIT (Q1, 2017)

31.9 m

Market capitalization (17-Aug-2017)

1.1 b

Cash (31-Mar-2017)

111.6 m
Lakeland Financial Corporation's current market capitalization is $1.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

107.7 m117.3 m122.5 m139 m

Revenue growth, %

9%4%13%

Cost of goods sold

16.6 m20.5 m

Gross profit

105.9 m118.5 m

Gross profit Margin, %

86%85%

Sales and marketing expense

41.9 m

Operating expense total

68.2 m73 m

EBIT

105.9 m117.3 m

EBIT margin, %

86%84%

Pre tax profit

69.2 m77.2 m

Income tax expense

22.8 m25.1 m

Net Income

38.8 m43.8 m46.4 m52.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

38 m38.9 m40.3 m42.4 m44.1 m46.4 m

Cost of goods sold

4.2 m4.3 m4.6 m5.1 m5.4 m6.1 m

Gross profit

33.8 m34.6 m35.6 m37.3 m38.7 m40.3 m

Gross profit Margin, %

89%89%89%88%88%87%

Sales and marketing expense

9.4 m9.9 m9.6 m10.6 m10.8 m11.4 m

Operating expense total

9.4 m9.9 m9.6 m10.6 m10.8 m11.4 m

EBIT

26.1 m26.7 m28.6 m29.3 m29.7 m31.9 m

EBIT margin, %

69%69%71%69%67%69%

Pre tax profit

17 m17.4 m18.2 m18.9 m20 m20.1 m

Income tax expense

5.7 m5.8 m6 m6.1 m6.5 m5.6 m

Net Income

21.2 m32.7 m11.1 m22.5 m34.1 m12.3 m25.1 m38.6 m14.5 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

63.1 m90.6 m80.7 m167.3 m

Accounts Receivable

8.6 m8.7 m9.5 m3.5 m

Goodwill

5 m5 m5 m5 m

Total Assets

3.2 b3.4 b3.8 b4.3 b

Accounts Payable

2.9 m2.9 m3.8 m3.6 b

Total Debt

31 m31 m31 m31 m

Total Liabilities

3.9 b

Retained Earnings

233.1 m263.3 m294 m327.9 m

Total Equity

322 m361.4 m392.9 m427.1 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

160.4 m70.2 m113 m89.5 m98.1 m80.7 m108.9 m278.4 m111.6 m

Goodwill

5 m5 m5 m5 m5 m5 m5 m5 m5 m

Total Assets

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

Accounts Payable

2.8 b2.9 b3 b3 b3.1 b3.3 b3.4 b3.7 b3.7 b

Retained Earnings

247.7 m255.8 m271 m278.3 m285.8 m302.2 m310.3 m319.1 m337.6 m

Total Equity

343.6 m351.9 m370.8 m375.8 m386.7 m407 m418.9 m427.4 m437.2 m

Financial Leverage

10 x9.5 x9.4 x9.5 x9.5 x9.4 x9.4 x9.8 x9.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

38.8 m43.8 m46.4 m52.1 m

Depreciation and Amortization

3 m3.4 m3.8 m4.2 m

Cash From Operating Activities

63 m55.7 m55.8 m62.2 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 m211.6 m273.4 m466.9 m

Interest Paid

19.1 m15 m15.8 m18.6 m

Income Taxes Paid

17.3 m21.2 m21.6 m21.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

21.2 m32.7 m11.1 m22.5 m34.1 m12.3 m25.1 m38.6 m14.5 m

Depreciation and Amortization

1.7 m2.5 m956 k1.9 m2.8 m983 k2 m3.1 m1.2 m

Cash From Operating Activities

25.8 m39.7 m16.5 m26.4 m43.1 m18.5 m34.8 m49.5 m20.8 m

Purchases of PP&E

(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)

Cash From Investing Activities

(144.4 m)(172.3 m)(11 m)(132.7 m)(217.9 m)(36.2 m)(134.2 m)(227.3 m)(86 m)

Cash From Financing Activities

215.8 m139.8 m17 m105.1 m182.2 m17.8 m127.6 m375.5 m9.6 m

Interest Paid

7.2 m11.2 m3.3 m7.2 m11.7 m4.2 m9.1 m13.7 m5.8 m

Income Taxes Paid

10.2 m16.5 m104 k9.9 m15.4 m8.8 m15.1 m4 k
USDY, 2017

Revenue/Employee

88.5 k

Financial Leverage

9.9 x

Lakeland Financial Corporation Market Value History

Traffic Overview of Lakeland Financial Corporation

Lakeland Financial Corporation Online and Social Media Presence

Lakeland Financial Corporation Company Life and Culture

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