Company Quick10K Filing
Lakeland Financial
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 26 $1,164
10-Q 2019-11-01 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-03 Quarter: 2019-03-31
10-K 2019-02-28 Annual: 2018-12-31
10-Q 2018-11-05 Quarter: 2018-09-30
10-Q 2018-08-03 Quarter: 2018-06-30
10-Q 2018-05-07 Quarter: 2018-03-31
10-K 2018-03-01 Annual: 2017-12-31
10-Q 2017-11-07 Quarter: 2017-09-30
10-Q 2017-08-07 Quarter: 2017-06-30
10-Q 2017-05-10 Quarter: 2017-03-31
10-K 2017-03-01 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-09 Quarter: 2016-06-30
10-Q 2016-05-10 Quarter: 2016-03-31
10-K 2016-03-03 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-10 Quarter: 2015-06-30
10-Q 2015-05-11 Quarter: 2015-03-31
10-K 2015-03-05 Annual: 2014-12-31
10-Q 2014-11-10 Quarter: 2014-09-30
10-Q 2014-08-11 Quarter: 2014-06-30
10-Q 2014-05-12 Quarter: 2014-03-31
10-K 2014-03-03 Annual: 2013-12-31
10-Q 2013-11-12 Quarter: 2013-09-30
10-Q 2013-08-09 Quarter: 2013-06-30
10-Q 2013-05-10 Quarter: 2013-03-31
10-K 2013-03-04 Annual: 2012-12-31
10-Q 2012-11-07 Quarter: 2012-09-30
10-Q 2012-08-08 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-03-05 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-09 Quarter: 2011-03-31
10-K 2011-03-07 Annual: 2010-12-31
10-Q 2010-11-04 Quarter: 2010-09-30
10-Q 2010-08-04 Quarter: 2010-06-30
10-Q 2010-05-05 Quarter: 2010-03-31
10-K 2010-03-08 Annual: 2009-12-31
8-K 2020-01-14 Regulation FD
8-K 2019-11-14 Other Events
8-K 2019-11-04 Officers, Exhibits
8-K 2019-10-25 Earnings, Exhibits
8-K 2019-10-08 Regulation FD
8-K 2019-07-25 Earnings, Exhibits
8-K 2019-07-09 Regulation FD
8-K 2019-04-25 Earnings, Exhibits
8-K 2019-04-09 Regulation FD, Exhibits
8-K 2019-04-09 Shareholder Vote
8-K 2019-03-20 Amend Bylaw, Exhibits
8-K 2019-03-14 Officers, Regulation FD, Exhibits
8-K 2019-01-25 Earnings, Other Events, Exhibits
8-K 2019-01-08 Regulation FD
8-K 2018-11-27 Officers
8-K 2018-10-25 Earnings, Exhibits
8-K 2018-10-11 Officers, Regulation FD, Exhibits
8-K 2018-10-09 Regulation FD
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-07-10 Regulation FD
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-04-10 Regulation FD, Exhibits
8-K 2018-04-10 Regulation FD, Exhibits
8-K 2018-01-25 Earnings, Exhibits
8-K 2018-01-11 Regulation FD
8-K 2018-01-09 Regulation FD

Lakeland Financial Financials

LKFN Metrics, Comps, Filings

Annual | Quarterly

Business

Lakeland Financial Corporation ("Lakeland Financial"), an Indiana corporation incorporated in 1983, is a bank holding company headquartered in Warsaw, Indiana that provides, through its wholly-owned subsidiary Lake City Bank (the "Bank" and together with Lakeland Financial, the "Company"), a broad array of 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 wide variety of industries including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services and health care. The Company's customer base is similarly diverse. The Company is not dependent upon any single industry or customer. At December 31, 2018, Lakeland Financial had consolidated total assets of $4.9 billion and was the fourth largest independent bank holding company headquartered in the State of Indiana.

Company's Business. Lakeland Financial is a bank holding company as defined in the Bank Holding Company Act of 1956, as amended. Lakeland Financial owns all of the outstanding stock of the Bank, a full-service commercial bank organized under Indiana law. Lakeland Financial conducts no business except that which is incident to its ownership of the outstanding stock of the Bank and the operation of the Bank. Although Lakeland Financial is a corporate entity, legally separate and distinct from its affiliates, bank holding companies such as Lakeland Financial are required to act as a source of financial strength for their subsidiary banks. The principal source of Lakeland Financial's income is dividends from the Bank. There are certain regulatory restrictions on the extent to which subsidiary banks can pay dividends or otherwise supply funds to their holding companies. See the section captioned "Supervision and Regulation" below for further discussion of these matters. Lakeland Financial's executive offices are located at 202 East Center Street, Warsaw, Indiana 46581, and its telephone number is (574) 267-6144.

Bank's Business. The Bank was originally organized in 1872 and has continuously operated under the laws of the State of Indiana since its organization. As of December 31, 2018 the Bank had 49 offices in fifteen counties throughout northern and central Indiana. In January 2019, the Bank opened its 50th office in downtown Indianapolis. The Bank's deposits are insured by the Federal Deposit Insurance Corporation (the "FDIC"). 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.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
First Busey (BUSE) 1,444 4.8 1% 9,613 8,409 0 0 102 213 1,024
Veritex Holdings (VBTX) 1,391 8.0 1% 8,010 6,805 0 0 53 141 1,125
First Commonwealth Financial (FCF) 1,319 8.0 1% 8,071 7,049 0 0 104 182 1,457
Sandy Spring Bancorp (SASR) 1,292 4.2 1% 8,399 7,279 0 0 113 251 1,060
Seacoast Banking of Florida (SBCF) 1,278 7.3 1% 6,825 5,895 0 0 78 154 1,118
Tompkins Financial (TMP) 1,261 0% 7.8 1% 6,654 5,997 67 0 80 151 1,180
S&T Bancorp (STBA) 1,255 6.4 1% 7,335 6,370 0 0 107 194 1,248
1st Source (SRCE) 1,228 6.8 1% 6,650 5,845 0 0 87 166 1,131
OFG Bancorp (OFG) 1,223 2.9 1% 6,464 5,419 0 0 95 185 545
FB Financial (FBK) 1,212 6.5 1% 5,940 5,222 0 0 77 161 1,048
City Holding (CHCO) 1,212 0% 8.1 2% 4,940 4,304 46 0 76 129 1,043
Lakeland Financial (LKFN) 1,164 0% 5.9 2% 4,976 4,410 0 0 85 164 968
Trico Bancshares (TCBK) 1,140 0% 7.4 1% 6,395 5,519 39 0 85 131 964
Enterprise Financial Services (EFSC) 1,101 5.7 1% 7,182 6,356 0 0 81 161 912
National Bank Holdings (NBHC) 1,092 8.2 1% 5,858 5,124 0 0 75 120 990
First Bancorp (FBNC) 1,076 4.7 2% 6,012 5,197 0 0 92 158 737
Southside Bancshares (SBSI) 1,067 6.6 1% 6,373 5,585 0 0 75 166 1,094
Meridian Bancorp (EBSB) 938 7.2 1% 6,369 5,673 0 0 60 164 1,178
Boston Private Financial Holdings (BPFH) 933 0% 4.2 1% 8,713 7,913 363 0 91 207 867
Washington Trust Bancorp (WASH) 878 0% 4.9 1% 5,190 4,705 198 0 69 154 759

Balance Sheet ($MM)2011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash1051848176217
Accounts Receivable
Inventory
PP&E35694247525658
Assets2,8903533924244584,6834,875
Accounts Payable
Long-Term Debt
Liabilities2,6162,8543,0823,3733,8634,2144,354
Stockholders' Equity273322361393427469522
Income Statement ($MM)2011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue1
Cost of Revenue
Gross Profit
R&D
SG&A
Tax15172122223219
Net Income31394446525780
Cash Flow ($MM)2011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating51821126277105
Cash Investing-177000-442-396-166
Cash Financing170-9-14-16467328102