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About the company
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.
- Revenue in USD (TTM)355.08m
- Net income in USD92.89m
- Incorporated1983
- Employees608.00
- LocationLakeland Financial Corp202 East Center StreetWARSAW 46580United StatesUSA
- Phone+1 (574) 267-6144
- Websitehttps://www.lakecitybank.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Yards Bancorp Inc | 363.77m | 104.59m | 1.36bn | 1.06k | 13.03 | 1.56 | 11.00 | 4.04 | 3.56 | 3.56 | 11.51 | 29.76 | -- | -- | -- | -- | 1.32 | 1.42 | -- | -- | -- | -- | 30.96 | 31.76 | -- | -- | -- | 36.01 | 37.77 | 21.69 | 15.89 | 14.18 | 1.84 | 5.10 |
| National Bank Holdings Corp | 513.61m | 133.20m | 1.38bn | 1.23k | 10.43 | 1.12 | 8.72 | 3.29 | 3.49 | 3.49 | 10.96 | 32.58 | -- | -- | -- | -- | 1.34 | 1.28 | -- | -- | -- | -- | 31.85 | 28.34 | -- | -- | -- | 30.58 | 74.02 | 17.48 | 99.72 | 18.27 | 42.46 | 14.01 |
| First Commonwealth Financial Corp | 560.87m | 164.39m | 1.39bn | 1.47k | 8.47 | 1.04 | 8.27 | 2.89 | 1.61 | 1.61 | 4.70 | 13.03 | -- | -- | -- | -- | 1.44 | 1.30 | -- | -- | -- | -- | 34.16 | 30.17 | -- | -- | -- | 36.76 | 60.63 | 12.64 | 22.53 | 7.95 | 18.08 | 7.18 |
| Enterprise Financial Services Corp | 803.61m | 174.97m | 1.44bn | 1.17k | 8.23 | 0.8675 | 7.80 | 2.30 | 4.66 | 4.66 | 16.64 | 46.16 | -- | -- | -- | -- | 1.28 | 1.30 | -- | -- | -- | -- | 28.61 | 31.63 | -- | -- | -- | 19.36 | 48.50 | 26.32 | -4.37 | 16.36 | 16.65 | 16.30 |
| Customers Bancorp Inc | 1.38bn | 231.11m | 1.44bn | 711.00 | 6.36 | 0.9233 | 5.52 | 1.87 | 7.16 | 7.16 | 23.90 | 53.66 | -- | -- | -- | -- | 1.14 | 1.23 | -- | -- | -- | -- | 31.90 | 35.74 | -- | -- | -- | 0.00 | 54.44 | 26.75 | 7.80 | 32.69 | 1.18 | -- |
| City Holding Company | 283.30m | 118.46m | 1.50bn | 953.00 | 12.75 | 2.20 | 12.08 | 5.16 | 7.95 | 7.95 | 19.51 | 46.02 | -- | -- | -- | -- | 1.91 | 1.71 | -- | -- | -- | -- | 41.21 | 39.17 | -- | -- | -- | 39.04 | 43.01 | 10.60 | 12.08 | 10.32 | -21.90 | -- |
| Live Oak Bancshares Inc | 729.28m | 101.09m | 1.52bn | 962.00 | 15.14 | 1.64 | 12.44 | 3.22 | 2.23 | 2.23 | 10.42 | 20.64 | -- | -- | -- | -- | 0.9244 | 1.28 | -- | -- | -- | -- | 21.43 | 25.00 | -- | -- | -- | 5.20 | 54.85 | 33.45 | -58.06 | 7.41 | -15.90 | 0.00 |
| Lakeland Financial Corporation | 355.08m | 92.89m | 1.53bn | 608.00 | 16.65 | 2.37 | 15.48 | 6.25 | 3.61 | 3.61 | 9.53 | 25.37 | -- | -- | -- | -- | 1.43 | 1.58 | -- | -- | -- | -- | 37.90 | 41.33 | -- | -- | -- | 39.35 | 43.29 | 11.52 | -9.68 | 3.23 | -5.54 | 12.97 |
| Banner Corp | 719.30m | 165.63m | 1.57bn | 1.97k | 9.46 | 0.9394 | 8.37 | 2.60 | 4.81 | 4.81 | 17.48 | 48.39 | -- | -- | -- | -- | 1.07 | 1.14 | -- | -- | -- | -- | 27.50 | 28.33 | -- | -- | -- | 38.34 | 22.53 | 8.64 | -6.02 | 6.77 | -8.70 | 7.62 |
| Bank of NT Butterfield & Son Ltd | 553.89m | 216.72m | 1.62bn | 1.26k | 7.64 | 1.61 | 8.48 | 2.81 | 4.46 | 4.46 | 11.90 | 21.24 | -- | -- | -- | -- | 1.59 | 1.32 | -- | -- | -- | -- | 37.51 | 34.75 | -- | -- | -- | 47.86 | 36.96 | 8.22 | 5.36 | 2.93 | 22.30 | 2.98 |
| WesBanco Inc | 746.30m | 142.26m | 1.64bn | 2.32k | 11.53 | 0.6841 | -- | 2.76 | 2.39 | 2.39 | 9.99 | 42.74 | -- | -- | -- | -- | 0.8696 | 1.08 | -- | -- | -- | -- | 25.64 | 30.06 | -- | -- | -- | 48.43 | 38.52 | 11.39 | -18.18 | 0.797 | 36.97 | 4.53 |
| Renasant Corp | 826.45m | 138.01m | 1.69bn | 2.30k | 12.29 | 0.7273 | 9.82 | 2.71 | 2.44 | 2.44 | 11.04 | 41.25 | -- | -- | -- | -- | 0.7927 | 0.9549 | -- | -- | -- | -- | 22.12 | 23.25 | -- | -- | -- | 34.06 | 47.16 | 11.54 | -12.88 | -0.3071 | -0.658 | 1.92 |
| Bancorp Inc | 523.14m | 199.60m | 1.70bn | 757.00 | 8.92 | 2.10 | 8.34 | 3.57 | 3.67 | 3.67 | 8.74 | 15.63 | -- | -- | -- | -- | 2.57 | 1.72 | -- | -- | -- | -- | 42.01 | 34.00 | -- | -- | -- | 0.00 | 65.27 | 28.06 | 47.68 | 17.04 | 39.77 | -- |
| OFG Bancorp | 683.32m | 185.34m | 1.72bn | 2.23k | 9.36 | 1.42 | 8.09 | 2.46 | 3.91 | 3.91 | 14.74 | 25.75 | -- | -- | -- | -- | 1.75 | 1.30 | -- | -- | -- | -- | 26.52 | 22.38 | -- | -- | -- | 20.51 | 25.86 | 12.48 | 9.40 | 20.23 | 9.22 | 29.08 |
| Triumph Financial Inc | 423.69m | 31.02m | 1.72bn | 1.52k | 55.67 | 2.08 | 29.73 | 4.15 | 1.32 | 1.32 | 17.70 | 37.38 | -- | -- | -- | -- | 0.611 | 1.39 | -- | -- | -- | -- | 8.25 | 19.34 | -- | -- | -- | 0.00 | 0.759 | 9.94 | -61.78 | -5.83 | 4.96 | -- |
| NBT Bancorp Inc. | 555.53m | 118.95m | 1.75bn | 2.03k | 14.26 | 1.21 | 12.81 | 3.27 | 2.60 | 2.60 | 11.66 | 30.57 | -- | -- | -- | -- | 0.9411 | 1.17 | -- | -- | -- | -- | 22.25 | 26.74 | -- | -- | -- | 37.88 | 36.12 | 8.71 | -21.85 | 2.07 | 4.57 | 4.61 |
Data as of May 24 2024. Currency figures normalised to Lakeland Financial Corp's reporting currency: US Dollar USD
51.54%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Fund Advisorsas of 31 Mar 2024 | 3.52m | 13.56% |
| The Vanguard Group, Inc.as of 31 Mar 2024 | 1.81m | 6.96% |
| Victory Capital Management, Inc. (Investment Management)as of 31 Mar 2024 | 1.60m | 6.15% |
| SSgA Funds Management, Inc.as of 31 Mar 2024 | 1.21m | 4.65% |
| Neuberger Berman Investment Advisers LLCas of 31 Mar 2024 | 1.12m | 4.33% |
| Kayne Anderson Rudnick Investment Management LLCas of 31 Mar 2024 | 970.19k | 3.74% |
| Charles Schwab Investment Management, Inc.as of 31 Mar 2024 | 858.92k | 3.31% |
| Dimensional Fund Advisors LPas of 31 Mar 2024 | 805.43k | 3.10% |
| Silvercrest Asset Management Group LLCas of 31 Mar 2024 | 751.89k | 2.90% |
| Copeland Capital Management LLCas of 31 Mar 2024 | 740.35k | 2.85% |
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
