Lakeland Financial Corp (LKFN) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, Lakeland Financial reported revenue of $269.0M, up 6.1% from $253.5M the year before. Net income was $103.4M (a 38.4% net margin), or $4.01 per diluted share. Net interest income was $221.0M, and the efficiency ratio (noninterest expense / revenue) was 48.9%. Operating activities generated $114.9M of cash, leaving $103.8M of free cash flow. At fiscal year end, Lakeland Financial held $6.99B in total assets against $6.23B in total liabilities, including $141.3M of cash and equivalents.
Open the full interactive Lakeland Financial financials → Quarterly statements, key ratios, valuation history and price charts.
Lakeland Financial Key Stats
| Share Price | $56.87 |
|---|---|
| Market Cap | $1.43B |
| P/E Ratio | 14.2 |
| Revenue YoY Growth | +6.1% |
| 52-Week Range | $54.09 – $63.70 |
| Shares Outstanding | 25.1 million (basic, 2026 Q2) |
Lakeland Financial Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $163.0M | $178.1M | $202.9M | $197.0M | $196.7M | $221.0M |
| Provision for Credit Losses | $14.8M | $1.1M | $9.4M | $5.8M | $16.8M | $11.8M |
| Noninterest Income | $46.8M | $44.7M | $41.9M | $49.9M | $56.8M | $48.0M |
| Noninterest Expense | $91.2M | $104.3M | $110.2M | $130.7M | $125.1M | $131.6M |
| Revenue | $209.9M | $222.8M | $244.7M | $246.9M | $253.5M | $269.0M |
| Pre-Tax Income | $103.9M | $117.4M | $125.2M | $110.3M | $111.7M | $125.6M |
| Income Tax | $19.5M | $21.7M | $21.3M | $16.6M | $18.2M | $22.2M |
| Net Income | $84.3M | $95.7M | $103.8M | $93.8M | $93.5M | $103.4M |
| Diluted EPS | $3.30 | $3.74 | $4.04 | $3.65 | $3.63 | $4.01 |
Lakeland Financial Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $69.0M | $69.8M | $69.7M | $70.9M |
| Net Income | $26.4M | $29.9M | $26.5M | $28.4M |
| Diluted EPS | $1.03 | $1.16 | $1.04 | $1.13 |
Lakeland Financial Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $249.9M | $683.2M | $130.3M | $151.8M | $168.2M | $141.3M |
| Loans (Net) | $4.59B | $4.22B | $4.64B | $4.84B | $5.03B | $5.31B |
| Total Assets | $5.83B | $6.56B | $6.43B | $6.52B | $6.68B | $6.99B |
| Deposits | $5.04B | $5.74B | $5.46B | $5.72B | $5.90B | $5.97B |
| Total Long-Term Debt | $85.5M | $75.0M | $297.0M | $50.0M | — | $184.2M |
| Total Liabilities | $5.17B | $5.85B | $5.86B | $5.87B | $5.99B | $6.23B |
| Shareholders' Equity | $657.1M | $704.8M | $568.8M | $649.7M | $683.8M | $762.4M |
Lakeland Financial Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $87.2M | $113.8M | $169.3M | $114.0M | $102.5M | $114.9M |
| Cash From Investing | -$712.0M | -$331.5M | -$626.5M | -$54.9M | -$164.2M | -$325.4M |
| Cash From Financing | $775.3M | $651.1M | -$95.8M | -$37.5M | $78.1M | $183.6M |
| Free Cash Flow | $81.5M | $107.6M | $164.5M | $108.0M | $93.9M | $103.8M |
Figures from Lakeland Financial's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Lakeland Financial financials page for every line item.
Lakeland Financial Company Profile
| Ticker | LKFN |
|---|---|
| Exchange | Nasdaq |
| Industry | State Commercial Banks |
| Headquarters | Warsaw, Indiana |
| Incorporated in | Indiana |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000721994 |
Frequently Asked Questions
What was Lakeland Financial's revenue in fiscal 2025?
Lakeland Financial (LKFN) reported revenue of $269.0M for fiscal 2025.
What is Lakeland Financial's annual revenue history?
Lakeland Financial's annual revenue by fiscal year: 2020: $209.9M; 2021: $222.8M; 2022: $244.7M; 2023: $246.9M; 2024: $253.5M; 2025: $269.0M.
What was Lakeland Financial's net income in fiscal 2025?
Lakeland Financial reported net income of $103.4M for fiscal 2025.
What was Lakeland Financial's earnings per share (EPS) in fiscal 2025?
Lakeland Financial's diluted EPS was $4.01 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Lakeland Financial generate in fiscal 2025?
Lakeland Financial generated $103.8M of free cash flow in fiscal 2025.
What was Lakeland Financial's revenue last quarter?
In its most recent reported quarter (2026 Q2), Lakeland Financial reported revenue of $70.9M.
How much debt does Lakeland Financial have?
Lakeland Financial reported $184.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Lakeland Financial are outstanding?
Lakeland Financial reported a weighted average of 25.1 million basic shares outstanding in 2026 Q2.
What is Lakeland Financial's market cap?
Based on its latest closing price, Lakeland Financial (LKFN) has a market capitalization of about $1.43B.
When does Lakeland Financial's fiscal year end?
Lakeland Financial's fiscal year end, as registered with the SEC, is December 31.
Where is Lakeland Financial headquartered?
Lakeland Financial lists its business address in Warsaw, Indiana in its SEC filings.