Lakeland Financial Corporation (OQ:LKFN)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 202 East Center Street WARSAW IN 46580 |
| Tel: | 1-574-2679133 |
| Website: | https://www.lakecitybank.com |
| IR: | See website |
| Key People | ||
| David M. Findlay Chairman of the Board, Chief Executive Officer | Kristin L. Pruitt President, Director | Lisa M. O'neill Chief Financial Officer, Executive Vice President |
| Kyra E. Clark Chief Human Resource Officer, Senior Vice President | Eric H. Ottinger Executive Vice President, Chief Commercial Banking Officer | J. Rickard Donovan Senior Vice President, General Counsel, Corporate Secretary |
| Stephanie R. Leniski Senior Vice President, Chief Retail Banking Officer | Donald J. Robinson-Gay Senior Vice President, Chief Credit Officer | Jonathan P. Steiner Senior Vice President, Chief Wealth Advisory Officer |
| Business Overview |
| Lakeland Financial Corporation is a bank holding company, which provides, through its subsidiary Lake City Bank (the Bank), a range of financial products and services throughout its Northern and Central Indiana markets. The Company offers commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. The Company serves a diverse customer base, including commercial customers across a variety of industries including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services and healthcare. The Bank has approximately 53 offices in 15 counties, including 46 offices in northern Indiana and seven offices in central Indiana, in the Indianapolis market. The Bank's deposits are insured by the Federal Deposit Insurance Corporation (the FDIC) to the maximum extent provided under federal law and FDIC regulations. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Lakeland Financial Corporation interest income increased 43% to $343.3M. Net interest income after loan loss provision decreased 1% to $191.2M. Net income decreased 10% to $93.8M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% decrease of 3% to 3.31%. Net income also reflects Interest on deposits increase from $36.3M to $137.8M (expense). |
| Employees: | 608 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,556M as of Dec 31, 2023 |
| Annual revenue (TTM): | $343.27M as of Dec 31, 2023 |
| EBITDA (TTM): | $143.01M as of Dec 31, 2023 |
| Net annual income (TTM): | $93.77M as of Dec 31, 2023 |
| Free cash flow (TTM): | $60.88M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 25,966,500 as of Feb 20, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.