OverviewSuggest Edit

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
Founded1872
HQWarsaw, US
Websitelakecitybank.com

Latest Updates

Employees (est.) (Dec 2019)568(+3%)
Job Openings4
Revenue (FY, 2019)$45 M(+4469%)
Share Price (Sept 2020)$44.3 (-1%)
Cybersecurity ratingAMore

Key People/Management at Lakeland Financial

Douglas R. Samuels

Douglas R. Samuels

Senior Vice President and Corporate & Institutional Service Manager
Michael E. Gavin

Michael E. Gavin

Executive Vice President and Chief Credit Officer
Anna N. Corkill

Anna N. Corkill

Vice President and Treasury Management Sales Officer
Lisa M. O'Neill

Lisa M. O'Neill

Executive Vice President and Chief Financial Officer
Melanie A. McIntyre

Melanie A. McIntyre

Vice President and Corporate & Institutional Service Sales Officer
Eric H. Ottinger

Eric H. Ottinger

Executive Vice President and Commercial Banking Manager
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Lakeland Financial Office Locations

Lakeland Financial has an office in Warsaw
Warsaw, US (HQ)
202 E Center St
Show all (1)

Lakeland Financial Financials and Metrics

Lakeland Financial Revenue

Lakeland Financial's revenue was reported to be $45 m in FY, 2019
USD

Revenue (Q2, 2020)

11.2m

Net income (Q2, 2020)

19.7m

Market capitalization (15-Sept-2020)

1.1b

Closing stock price (15-Sept-2020)

44.3

Cash (30-Jun-2020)

126.3m

EV

1.1b
Lakeland Financial's current market capitalization is $1.1 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

22.2m25.2m30.7m30.1m31.5m32.9m36.0m985.0k45.0m

Revenue growth, %

37%5%12%

Sales and marketing expense

639.0k

R&D expense

3.7m4.4m5.6m6.2m7.6m8.1m8.2m9.7m10.4m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

5.9m5.9m5.9m5.8m6.2m7.5m7.6m7.8m7.4m7.6m7.9m7.8m7.7m7.9m7.0m8.1m9.0m8.3m8.8m9.5m9.9m2.4m280.0k11.5m11.6m10.8m10.8m11.2m

Sales and marketing expense

481.0k474.0k

R&D expense

979.0k729.0k841.0k1.1m1.1m1.3m1.4m1.4m1.5m1.5m1.6m1.8m1.9m2.0m2.0m2.1m2.0m2.0m2.0m2.0m2.5m2.3m2.5m2.4m2.6m2.6m2.9m2.8m

Operating expense total

4.7m3.6m4.1m4.5m4.3m4.3m4.7m5.3m3.2m3.7m3.9m3.2m3.5m3.6m3.6m3.7m3.5m3.5m3.6m3.6m4.0m3.9m4.5m4.7m4.9m4.9m5.2m4.6m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

30.7m35.4m38.8m43.8m46.4m52.1m57.3m80.4m87.0m

Depreciation and Amortization

54.0k2.8m3.0m3.4m3.8m4.2m5.1m5.7m5.9m

Accounts Payable

1.6m

Cash From Operating Activities

51.3m50.6m63.0m55.7m55.8m62.2m77.2m105.0m100.0m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

14.0m22.4m8.6m17.4m26.8m9.2m18.5m28.3m9.9m21.2m32.7m11.1m22.5m34.1m12.3m25.1m38.6m14.5m29.9m45.7m18.3m38.5m59.0m21.7m43.4m64.8m17.3m37.0m

Depreciation and Amortization

27.0k41.0k13.0k1.3m2.0m679.0k1.4m2.2m830.0k1.7m2.5m956.0k1.9m2.8m983.0k2.0m3.1m1.2m2.4m3.7m1.4m2.8m4.2m1.4m2.9m4.4m1.5m3.0m

Accounts Payable

1.0m1.3m3.7m1.4m2.0m

Cash From Operating Activities

28.5m38.3m14.0m24.2m36.8m23.1m31.2m50.2m14.9m25.8m39.7m16.5m26.4m43.1m18.5m34.8m49.5m20.8m35.9m53.1m25.9m45.6m75.2m23.7m44.7m71.9m19.5m40.7m
USDQ2, 2011

Debt/Equity

0.5 x

Debt/Assets

0.1 x

Financial Leverage

10.5 x
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Lakeland Financial Operating Metrics

Lakeland Financial'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 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

98/100

SecurityScorecard logo

Lakeland Financial Online and Social Media Presence

Embed Graph

Lakeland Financial News and Updates

Lakeland Financial Corporation to Participate in the Raymond James Virtual U.S. Bank Conference

WARSAW, Ind., Sept. 03, 2020 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today announced that David M. Findlay, President and Chief Executive Officer, and Lisa M. O’Neill, Executive Vice President, Chief Financial Officer, will …

Lakeland Financial Reports Second Quarter 2020 Performance

WARSAW, Ind., July 27, 2020 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported quarterly net income of $19.7 million for the three months ended June 30, 2020, a decrease of 9% versus $21.7 million for the second quarter …

Lakeland Financial Reports Quarterly Performance

Year to Date Net Income Increases by 10% over 2018 Year to Date Net Income Increases by 10% over 2018

Finding Growth And Value In The Financials Sector with Lakeland Financial

This regional bank has bucked the trend in the rest of the sector by delivering solid growth in recent years, even as its valuation remains cheap.

Lakeland Financial Reports Record Quarterly Performance

Net Income Increases 18% and Dividend Increases 16% Net Income Increases 18% and Dividend Increases 16%

Darrianne P. Christian Appointed to Lakeland Financial Corporation and Lake City Bank Boards

WARSAW, Ind., Oct. 11, 2018 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN) and Lake City Bank announced today that Darrianne P. Christian has been appointed to its respective Boards of Directors.

Lakeland Financial Blogs

Lake City Bank Opens Interactive Teller Machine at the Flanner House in Indianapolis

Lake City Bank is pleased to announce that it has opened an Interactive Teller Machine (ITM) at the Flanner House, located at 2408 Dr. Martin Luther King, Jr. Street, Indianapolis. “We’re proud to be an Indiana-based bank that truly focuses on getting involved in the communities we serve,” said Davi…

Lakeland Financial Corporation to Present at the Raymond James U.S. Bank Conference September 5

Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today announced that David M. Findlay, President and Chief Executive Officer and Lisa M. O’Neill, Executive Vice President, Chief Financial Officer, will present at the Raymond James U.S. Bank Conference, h…

Lake City Bank Announces Denise M. Ramsey’s Move to Fort Wayne Downtown Office

Lake City Bank is pleased to announce that Denise M. Ramsey has transferred to its Fort Wayne Downtown office, where she serves as Assistant Retail Banking Manager. Ramsey was formerly at the bank’s Fort Wayne North office. She assists the office manager in providing quality service and building cus…

Lake City Bank’s Cari J. Juillerat Promoted to Commercial Banking Officer

Lake City Bank is pleased to announce that it has promoted Cari J. Juillerat to Commercial Banking Officer. Juillerat manages a loan portfolio and provides Kosciusko and Whitley counties and the surrounding area with financing and banking solutions. She works primarily with agricultural clients. She…

Lakeland Financial Reports Record Performance

Second Quarter Net Income Increases 31% Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record quarterly net income of $20.1 million for the three months ended June 30, an increase of 31% versus $15.4 million for the second quarter of 2017…

Lake City Bank’s Lindsay N. Stanifer Promoted to Retail Banking Officer

Lake City Bank is pleased to announce that Lindsay N. Stanifer has been promoted to Retail Banking Officer of its Middlebury branch. In this position, Stanifer supports office staff in their efforts to provide quality service and build customer relationships.  She also manages the daily operations o…
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Lakeland Financial Frequently Asked Questions

  • When was Lakeland Financial founded?

    Lakeland Financial was founded in 1872.

  • Who are Lakeland Financial key executives?

    Lakeland Financial's key executives are Douglas R. Samuels, Michael E. Gavin and Anna N. Corkill.

  • How many employees does Lakeland Financial have?

    Lakeland Financial has 568 employees.

  • What is Lakeland Financial revenue?

    Latest Lakeland Financial annual revenue is $45 m.

  • What is Lakeland Financial revenue per employee?

    Latest Lakeland Financial revenue per employee is $79.2 k.

  • Who are Lakeland Financial competitors?

    Competitors of Lakeland Financial include Southside Bancshares, Chemung Financial and AmeriServ Financial.

  • Where is Lakeland Financial headquarters?

    Lakeland Financial headquarters is located at 202 E Center St, Warsaw.

  • Where are Lakeland Financial offices?

    Lakeland Financial has an office in Warsaw.

  • How many offices does Lakeland Financial have?

    Lakeland Financial has 1 office.