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.
Type | Public | |
Founded | 1872 | |
HQ | Warsaw, IN, US | Map |
Website | lakecitybank.com |
USD | |
---|---|
Revenue (FY, 2020) | 46.8m |
Net income (FY, 2020) | 84.3m |
Market capitalization (1-Mar-2021) | 1.8b |
Closing stock price (1-Mar-2021) | 69.5 |
Cash (31-Dec-2020) | 249.9m |
EV | 1.6b |
USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 5.9m | 5.9m | 5.9m | 5.8m | 6.2m | 7.5m | 7.6m | 7.8m | 7.4m | 7.6m | 7.9m | 7.8m | 7.7m | 7.9m | 7.0m | 8.1m | 9.0m | 8.3m | 8.8m | 9.5m | 9.9m | 2.4m | 280.0k | 11.5m | 11.6m | 10.8m | 10.8m | 11.2m | 13.1m |
Sales and marketing expense | 481.0k | 474.0k | |||||||||||||||||||||||||||
R&D expense | 979.0k | 729.0k | 841.0k | 1.1m | 1.1m | 1.3m | 1.4m | 1.4m | 1.5m | 1.5m | 1.6m | 1.8m | 1.9m | 2.0m | 2.0m | 2.1m | 2.0m | 2.0m | 2.0m | 2.0m | 2.5m | 2.3m | 2.5m | 2.4m | 2.6m | 2.6m | 2.9m | 2.8m | 3.0m |
Operating expense total | 4.7m | 3.6m | 4.1m | 4.5m | 4.3m | 4.3m | 4.7m | 5.3m | 3.2m | 3.7m | 3.9m | 3.2m | 3.5m | 3.6m | 3.6m | 3.7m | 3.5m | 3.5m | 3.6m | 3.6m | 4.0m | 3.9m | 4.5m | 4.7m | 4.9m | 4.9m | 5.2m | 4.6m | 5.2m |
USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 60.3m | 101.3m | 167.0m | 194.9m | 181.4m | 75.7m | 63.6m | 81.3m | 77.1m | 160.4m | 70.2m | 113.0m | 89.5m | 98.1m | 80.7m | 108.9m | 278.4m | 111.6m | 137.3m | 129.8m | 167.6m | 180.2m | 182.3m | 188.8m | 196.4m | 136.6m | 132.6m | 126.3m | 129.1m |
Accounts Receivable | 2.1b | 2.1b | 2.2b | 2.2b | 2.2b | 2.2b | 2.3b | 2.3b | 2.5b | 2.6b | 2.7b | 2.7b | 2.8b | 2.9b | 3.1b | 3.2b | 3.2b | 3.5b | 3.5b | 3.6b | 3.8b | 3.8b | 3.8b | 3.9b | 3.9b | 4.0b | 4.0b | 4.4b | 4.5b |
PP&E | 30.7m | 31.7m | 35.0m | 35.0m | 35.0m | 34.5m | 35.3m | 38.5m | 39.6m | 39.9m | 40.5m | 42.4m | 43.4m | 44.0m | 48.6m | 49.1m | 52.2m | 53.2m | 56.5m | 56.4m | 55.7m | 57.2m | 57.6m | 58.8m | 58.7m | 59.6m | 60.9m | 60.3m | 60.3m |
Goodwill | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m |
USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|---|---|---|---|---|---|
Net Income | 30.7m | 35.4m | 38.8m | 43.8m | 46.4m | 52.1m | 57.3m | 80.4m | 87.0m | 84.3m |
Depreciation and Amortization | 54.0k | 2.8m | 3.0m | 3.4m | 3.8m | 4.2m | 5.1m | 5.7m | 5.9m | 6.0m |
Accounts Payable | 1.6m | |||||||||
Cash From Operating Activities | 51.3m | 50.6m | 63.0m | 55.7m | 55.8m | 62.2m | 77.2m | 105.0m | 100.0m | 87.2m |
USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 14.0m | 22.4m | 8.6m | 17.4m | 26.8m | 9.2m | 18.5m | 28.3m | 9.9m | 21.2m | 32.7m | 11.1m | 22.5m | 34.1m | 12.3m | 25.1m | 38.6m | 14.5m | 29.9m | 45.7m | 18.3m | 38.5m | 59.0m | 21.7m | 43.4m | 64.8m | 17.3m | 37.0m | 59.7m |
Depreciation and Amortization | 27.0k | 41.0k | 13.0k | 1.3m | 2.0m | 679.0k | 1.4m | 2.2m | 830.0k | 1.7m | 2.5m | 956.0k | 1.9m | 2.8m | 983.0k | 2.0m | 3.1m | 1.2m | 2.4m | 3.7m | 1.4m | 2.8m | 4.2m | 1.4m | 2.9m | 4.4m | 1.5m | 3.0m | 4.5m |
Accounts Payable | 1.0m | 1.3m | 3.7m | 1.4m | 2.0m | ||||||||||||||||||||||||
Cash From Operating Activities | 28.5m | 38.3m | 14.0m | 24.2m | 36.8m | 23.1m | 31.2m | 50.2m | 14.9m | 25.8m | 39.7m | 16.5m | 26.4m | 43.1m | 18.5m | 34.8m | 49.5m | 20.8m | 35.9m | 53.1m | 25.9m | 45.6m | 75.2m | 23.7m | 44.7m | 71.9m | 19.5m | 40.7m | 61.3m |
USD | Q2, 2011 |
---|---|
Debt/Equity | 0.5 x |
Debt/Assets | 0.1 x |
Financial Leverage | 10.5 x |
FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 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 |
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, David M. Findlay and Michael E. Gavin.
How many employees does Lakeland Financial have?
Lakeland Financial has 568 employees.
What is Lakeland Financial revenue?
Latest Lakeland Financial annual revenue is $46.8 m.
What is Lakeland Financial revenue per employee?
Latest Lakeland Financial revenue per employee is $82.5 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.
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