Lakeland Financial
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.
| Type | Public | |
| Founded | 1872 | |
| HQ | Warsaw, US | Map |
| Website | lakecitybank.com |
Key People/Management at Lakeland Financial
Douglas R. Samuels
Senior Vice President and Corporate & Institutional Service Manager
Michael E. Gavin
Executive Vice President and Chief Credit Officer
Anna N. Corkill
Vice President and Treasury Management Sales Officer
Lisa M. O'Neill
Executive Vice President and Chief Financial Officer
Melanie A. McIntyre
Vice President and Corporate & Institutional Service Sales Officer
Eric H. Ottinger
Executive Vice President and Commercial Banking Manager
Lakeland Financial Office Locations
Lakeland Financial has an office in Warsaw
Warsaw, US (HQ)
202 E Center St
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.
- Source: SEC Filings
Annual
Quarterly
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
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 |
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 |
- Source: SEC Filings
Annual
Quarterly
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
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 |
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 |
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 |
- Source: SEC Filings
Annual
Quarterly
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
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 |
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 |
- Source: SEC Filings
| USD | Q2, 2011 |
|---|---|
Debt/Equity | 0.5 x |
Debt/Assets | 0.1 x |
Financial Leverage | 10.5 x |
Lakeland Financial Operating Metrics
Lakeland Financial's Total Loans was reported to be $3.6b in Q2, 2017.
| 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 |
Lakeland Financial Cybersecurity Score
Lakeland Financial Online and Social Media Presence
Lakeland Financial's Trends
Lakeland Financial News and Updates
September 03, 2020
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 …
July 27, 2020
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 …
October 25, 2019
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
June 20, 2019
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.
April 25, 2019
Lakeland Financial Reports Record Quarterly Performance
Net Income Increases 18% and Dividend Increases 16% Net Income Increases 18% and Dividend Increases 16%
October 11, 2018
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
August 29, 2018
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…
August 28, 2018
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…
August 22, 2018
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…
August 14, 2018
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…
July 25, 2018
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…
July 19, 2018
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…
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.
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