Lakeland Financial Corporation

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.
Company Growth (employees)
Warsaw, US
Size (employees)
524 (est)
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 Financials and Metrics

Lakeland Financial Corporation Financials

Lakeland Financial Corporation's revenue was reported to be $171.8 m in FY, 2016

Revenue (Q2, 2017)

49.6 m

Gross profit (Q2, 2017)

42.6 m

Gross profit margin (Q2, 2017), %


Net income (Q2, 2017)

15.4 m

EBIT (Q2, 2017)

33.3 m

Market capitalization (13-Dec-2017)

1.3 b

Cash (30-Jun-2017)

137.3 m


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


107.7 m147.3 m154 m171.8 m

Revenue growth, %


Cost of goods sold

16.6 m20.5 m

Gross profit

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


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

Cost of goods sold

4.2 m4.3 m4.6 m5.1 m5.4 m6.1 m7 m

Gross profit

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

Gross profit Margin, %

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


63.1 m90.6 m80.7 m167.3 m

Accounts Receivable

8.6 m8.7 m9.5 m3.5 m


5 m5 m5 m5 m

Total Assets

3.2 b3.4 b3.8 b4.3 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017


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


5 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 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 b
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)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

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 m

Depreciation and Amortization

2.2 m830 k1.7 m2.5 m956 k1.9 m2.8 m983 k2 m3.1 m1.2 m2.4 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 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)
USDY, 2017


34.5 x


32 x


94.7 k

Financial Leverage

9.8 x
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Lakeland Financial Corporation Operating Metrics

Lakeland Financial Corporation's Total Loans Issued was reported to be $3.6 b in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Total Loans Issued

$2.76 b$2.77 b$2.89 b$2.97 b$3.08 b$3.11 b$3.2 b$3.28 b$3.47 b$3.53 b$3.58 b

Bank Branches


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
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Lakeland Financial Corporation Market Value History

Lakeland Financial Corporation's Web-traffic and Trends

Lakeland Financial Corporation Online and Social Media Presence

Lakeland Financial Corporation Company Life and Culture

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