$1.2 B

LKFN Mkt cap, 20-Sep-2018

$114.4 M

Lakeland Financial Corporation Revenue Q2, 2018
Lakeland Financial Corporation Gross profit (Q2, 2018)93.3 M
Lakeland Financial Corporation Gross profit margin (Q2, 2018), %81.6%
Lakeland Financial Corporation Net income (Q2, 2018)38.5 M
Lakeland Financial Corporation EBIT (Q2, 2018)68.8 M
Lakeland Financial Corporation Cash, 30-Jun-2018180.2 M
Lakeland Financial Corporation EV1.3 B

Lakeland Financial Corporation Income Statement

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

Gross profit Margin, %

89%88%

Sales and marketing expense

41.9 m

Operating expense total

41.9 m79.3 m

EBIT

105.9 m117.3 m132.9 m

EBIT margin, %

69%68%

Pre tax profit

69.2 m77.2 m89.6 m

Income tax expense

22.8 m25.1 m32.3 m

Net Income

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

Sales and marketing expense

9.4 m9.9 m9.6 m10.6 m10.8 m11.4 m11.1 m

Operating expense total

16.7 m17.2 m17.4 m18.4 m18.8 m20 m19.4 m21.2 m41.5 m

EBIT

26.1 m26.7 m28.6 m29.3 m29.7 m31.9 m33.3 m32.9 m68.8 m

EBIT margin, %

69%69%71%69%67%69%67%59%wdxefcqufszuzezftuxetqsqxt60%

Pre tax profit

17 m17.4 m18.2 m18.9 m20 m20.1 m22.8 m21.6 m46.9 m

Income tax expense

5.7 m5.8 m6 m6.1 m6.5 m5.6 m7.4 m3.3 m8.4 m

Net Income

9.8 m9.9 m11.3 m11.5 m11.1 m11.4 m11.6 m12.3 m12.8 m13.5 m14.5 m15.4 m18.3 m38.5 m

Lakeland Financial Corporation Balance Sheet

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

Total Assets

3.2 b3.4 b3.8 b4.3 b4.7 b

Accounts Payable

2.9 m2.9 m3.8 m3.6 b4 b

Short-term debt

30.9 m30.9 m30.9 m30.9 m30.9 m

Long-term debt

37 k35 k34 k32 k80 m

Total Debt

31 m31 m31 m31 m111 m

Total Liabilities

3.9 b4.2 b

Retained Earnings

233.1 m263.3 m294 m327.9 m363.8 m

Total Equity

322 m361.4 m392.9 m427.1 m468.7 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 x10 x

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

Short-term debt

30.9 m30.9 m30.9 m30.9 m30.9 m30.9 m30.9 m30.9 m30.9 m30.9 m30.9 m30.9 m30.9 m30.9 m

Long-term debt

37 k35 k35 k35 k34 k34 k34 k32 k32 k32 k30 k30 k175 m

Total Debt

31 m31 m31 m31 m31 m31 m31 m31 m31 m31 m31 m31 m30.9 m205.9 m

Total Liabilities

2.7 b2.9 b3.1 b3 b3.1 b3.2 b3.3 b3.4 b3.5 b3.8 b3.9 b3.9 b4.3 b4.3 b

Retained Earnings

225.6 m239.9 m247.7 m255.8 m271 m278.3 m285.8 m302.2 m310.3 m319.1 m337.6 m347.4 m376.9 m390.4 m

Total Equity

314.5 m332.1 m343.6 m351.9 m370.8 m375.8 m386.7 m407 m418.9 m427.4 m437.2 m450.5 m473.3 m486.5 m

Financial Leverage

9.7 x9.7 x10 x9.5 x9.4 x9.5 x9.5 x9.4 x9.4 x9.8 x9.9 x9.8 x10 x9.8 x

Lakeland Financial Corporation Cash Flow

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

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

63 m55.7 m55.8 m62.2 m77.2 m

Purchases of PP&E

(167.5 m)(73.4 m)(91.8 m)(116.2 m)(139.3 m)

Cash From Investing Activities

(312.5 m)(239.8 m)(339.1 m)(442.4 m)(396.1 m)

Cash From Financing Activities

80.4 m211.6 m273.4 m466.9 m327.7 m

Interest Paid

19.1 m15 m15.8 m18.6 m29.2 m

Income Taxes Paid

17.3 m21.2 m21.6 m21.6 m29.1 m

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)

Cash From Investing Activities

(157.1 m)(42.5 m)(144.4 m)(172.3 m)(11 m)(132.7 m)(217.9 m)(36.2 m)(134.2 m)(227.3 m)(86 m)(136.7 m)(61.2 m)(83.6 m)

Cash From Financing Activities

(44 m)41.7 m215.8 m139.8 m17 m105.1 m182.2 m17.8 m127.6 m375.5 m9.6 m70.9 m26.7 m42.1 m

Interest Paid

14.7 m3.6 m7.2 m11.2 m3.3 m7.2 m11.7 m4.2 m9.1 m13.7 m5.8 m13.9 m8.7 m20.1 m

Income Taxes Paid

13.2 m465 k10.2 m16.5 m104 k9.9 m15.4 m8.8 m15.1 m4 k11.5 m8.2 m

Lakeland Financial Corporation Ratios

USDY, 2018

EV/EBIT

18.2 x

EV/CFO

27.4 x

Financial Leverage

9.8 x
Report incorrect company information

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
Report incorrect company information