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Lakeland Financial Corporation

Financial Servicesadvisorybanksbrokerageholding companyinvestment
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.
Type
Public
HQ
Warsaw, US
Size (employees)
524 (est)+2%
Website
lakecitybank.com
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 $139 m in FY, 2016 which is a 13% increase from the previous period.
$, USD

Revenue (FY, 2016)

139 m

Revenue growth (FY, 2015 - FY, 2016), %

13%

Gross profit (FY, 2016)

118.5 m

Gross profit margin (FY, 2016), %

85%

Net income (FY, 2016)

52.1 m

EBIT (FY, 2016)

117.3 m

Market capitalization (23-Jun-2017)

1.1 b

Closing share price (23-Jun-2017)

45.1

Cash (31-Dec-2016)

167.3 m

EV

1 b
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%

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
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

63.1 m90.6 m80.7 m167.3 m

Accounts Receivable

8.6 m8.7 m9.5 m11.7 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 m5.7 m

Total Debt

31 m31 m31 m31 m

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
$, 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
$, USDY, 2016

EV/EBIT

8.6 x

EV/CFO

16.1 x

Revenue/Employee

268.2 k

Debt/Equity

0.1 x

Financial Leverage

10 x

Lakeland Financial Corporation Market Value History

Market Position of Lakeland Financial Corporation

Competitors

Old National Bancorp
Financial Services - Public
Arden Partners
Financial Services - Public
PJT Partners
Financial Services - Public
Wilson Bank Holding Company
Financial Services - Private
Compare competitors

Lakeland Financial Corporation Online and Social Media Presence

Lakeland Financial Corporation Company Life and Culture

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