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Lakeland Financial Corporation

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    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.

    Market capitalization(2018-09-20)
    $1.2 B
    Total Loans(Q2, 2017)
    $3.6 B
    TypePublic
    HQWarsaw, US
    Founded1872
    Size (employees)524 (est)
    Websitelakecitybank.com
    Lakeland Financial Corporation was founded in 1872 and is headquartered in Warsaw, US
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    Lakeland Financial Corporation Office Locations

    Lakeland Financial Corporation has an office in Warsaw
    Warsaw, US (HQ)
    202 East Center Street, P.O. Box 1387
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    Lakeland Financial Corporation Financials and Metrics

    Lakeland Financial Corporation Revenue

    Lakeland Financial Corporation's revenue was reported to be $171.82 m in FY, 2016 which is a 11.6% increase from the previous period.
    USD

    Revenue (Q2, 2018)

    		114.4 m

    Gross profit (Q2, 2018)

    		93.3 m

    Gross profit margin (Q2, 2018), %

    		81.6%

    Net income (Q2, 2018)

    		38.5 m

    EBIT (Q2, 2018)

    		68.8 m

    Market capitalization (20-Sep-2018)

    		1.2 b

    Closing stock price (20-Sep-2018)

    		48.4

    Cash (30-Jun-2018)

    		180.2 m

    EV

    		1.3 b
    Lakeland Financial Corporation's current market capitalization is $1.2 b.
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		107.7 m147.3 m154 m171.8 m

    Revenue growth, %

    		37%5%12%

    Cost of goods sold

    		16.6 m20.5 m29.8 m

    Gross profit

    		137.4 m151.3 m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

    Revenue

    		38 m38.9 m40.3 m42.4 m44.1 m46.4 m49.6 m55.9 m114.4 m

    Cost of goods sold

    		4.2 m4.3 m4.6 m5.1 m5.4 m6.1 m7 m9.8 m21.1 m

    Gross profit

    		33.8 m34.6 m35.6 m37.3 m38.7 m40.3 m42.6 m46.1 m93.3 m

    Gross profit Margin, %

    		89%89%89%88%88%87%86%82%82%
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		63.1 m90.6 m80.7 m167.3 m176.2 m

    Accounts Receivable

    		8.6 m8.7 m9.5 m3.5 m

    Inventories

    Goodwill

    		5 m5 m5 m5 m5 m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

    Cash

    		81.3 m77.1 m160.4 m70.2 m113 m89.5 m98.1 m80.7 m108.9 m278.4 m111.6 m137.3 m167.6 m180.2 m

    Goodwill

    		5 m5 m5 m5 m5 m5 m5 m5 m5 m5 m5 m5 m5 m5 m

    Total Assets

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

    Accounts Payable

    		2.4 b2.7 b2.8 b2.9 b3 b3 b3.1 b3.3 b3.4 b3.7 b3.7 b3.6 b4.1 b3.9 b
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    		38.8 m43.8 m46.4 m52.1 m57.3 m

    Depreciation and Amortization

    		3 m3.4 m3.8 m4.2 m5.1 m

    Inventories

    Accounts Payable

    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

    Net Income

    		28.3 m9.9 m21.2 m32.7 m11.1 m22.5 m34.1 m12.3 m25.1 m38.6 m14.5 m29.9 m18.3 m38.5 m

    Depreciation and Amortization

    		2.2 m830 k1.7 m2.5 m956 k1.9 m2.8 m983 k2 m3.1 m1.2 m2.4 m1.4 m2.8 m

    Cash From Operating Activities

    		50.2 m14.9 m25.8 m39.7 m16.5 m26.4 m43.1 m18.5 m34.8 m49.5 m20.8 m35.9 m25.9 m45.6 m

    Purchases of PP&E

    		(142 m)(13.5 m)(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)(90.1 m)(53.8 m)(72.7 m)
    show all
    USDY, 2018

    EV/EBIT

    		18.2 x

    EV/CFO

    		27.4 x

    Financial Leverage

    		9.8 x
    Show all financial metrics

    Lakeland Financial Corporation Operating Metrics

    Lakeland Financial Corporation'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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    Competitors

    Chemical Financial Corporation
    Financial Services - Public
    Orrstown Financial Services
    Business Products & Services - Public
    Blue Hills Bancorp
    Financial Services - Public
    Washington Federal
    Financial Services - Public
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    Lakeland Financial Corporation Online and Social Media Presence

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    Lakeland Financial Corporation Company Life and Culture

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