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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. It offers commercial and consumer banking services, and trust and wealth management, brokerage, and treasury management commercial services. It serves a diverse customer base, including commercial customers across a wide variety of industries, including commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care. The Bank serves Central and Northern Indiana communities with 54 branch offices in 15 counties and a robust digital banking platform. 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. It also provides credit card services to retail and commercial customers.
- Revenue in USD (TTM)364.34m
- Net income in USD100.83m
- 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Westamerica Bancorporation | 281.72m | 152.95m | 1.33bn | 641.00 | 8.71 | 1.63 | 8.09 | 4.25 | 5.74 | 5.74 | 11.76 | 30.57 | -- | -- | -- | -- | 2.37 | 1.62 | -- | -- | -- | -- | 48.79 | 43.63 | -- | -- | -- | 42.11 | 28.07 | 13.36 | 32.56 | 17.72 | -17.96 | 1.46 |
| Veritex Holdings Inc | 750.55m | 87.48m | 1.42bn | 820.00 | 16.35 | 0.9174 | 13.36 | 3.62 | 1.60 | 1.60 | 7.19 | 28.49 | -- | -- | -- | -- | 0.6955 | 1.20 | -- | -- | -- | -- | 22.26 | 30.99 | -- | -- | -- | 32.75 | 61.74 | 38.03 | -26.01 | 22.42 | -18.04 | -- |
| Sandy Spring Bancorp Inc | 659.15m | 89.93m | 1.47bn | 1.08k | 16.30 | 0.918 | 12.90 | 3.69 | 2.00 | 2.00 | 8.84 | 35.45 | -- | -- | -- | -- | 0.643 | 1.25 | -- | -- | -- | -- | 22.60 | 32.57 | -- | -- | -- | 37.98 | 28.62 | 14.49 | -25.96 | 4.10 | 6.10 | 4.33 |
| Customers Bancorp Inc | 1.39bn | 241.40m | 1.51bn | 711.00 | 6.42 | 0.9388 | 5.58 | 1.92 | 7.43 | 7.43 | 24.23 | 55.16 | -- | -- | -- | -- | 1.19 | 1.23 | -- | -- | -- | -- | 32.53 | 35.74 | -- | -- | -- | 0.00 | 54.44 | 26.75 | 7.80 | 32.69 | 1.18 | -- |
| First Busey Corp | 508.94m | 110.00m | 1.53bn | 1.52k | 13.88 | 1.15 | 11.62 | 3.44 | 1.94 | 1.94 | 7.83 | 23.50 | -- | -- | -- | -- | 0.9098 | 1.04 | -- | -- | -- | -- | 24.75 | 27.50 | -- | -- | -- | 42.91 | 33.16 | 10.88 | -4.48 | 4.38 | -3.88 | 3.46 |
| National Bank Holdings Corp | 524.99m | 126.45m | 1.60bn | 1.23k | 12.78 | 1.28 | 10.60 | 3.89 | 3.31 | 3.31 | 10.78 | 32.92 | -- | -- | -- | -- | 1.28 | 1.28 | -- | -- | -- | -- | 30.76 | 28.34 | -- | -- | -- | 30.60 | 74.02 | 17.48 | 99.38 | 18.23 | 42.46 | 14.01 |
| Northwest Bancshares Inc | 636.08m | 101.93m | 1.71bn | 2.03k | 16.75 | 1.10 | 13.28 | 3.39 | 0.8017 | 0.8017 | 3.96 | 12.23 | -- | -- | -- | -- | 0.7124 | 0.9368 | -- | -- | -- | -- | 20.27 | 23.40 | -- | -- | -- | 77.84 | 31.00 | 9.36 | 1.15 | 5.00 | 10.35 | 3.30 |
| Lakeland Financial Corporation | 364.34m | 100.83m | 1.72bn | 608.00 | 17.17 | 2.62 | 16.04 | 6.76 | 3.92 | 3.92 | 9.86 | 25.66 | -- | -- | -- | -- | 1.54 | 1.58 | -- | -- | -- | -- | 39.73 | 41.33 | -- | -- | -- | 39.35 | 43.29 | 11.52 | -9.68 | 3.23 | -5.54 | 12.97 |
| City Holding Company | 291.61m | 114.91m | 1.75bn | 948.00 | 15.35 | 2.55 | 14.56 | 6.08 | 7.76 | 7.76 | 19.43 | 46.71 | -- | -- | -- | -- | 1.86 | 1.71 | -- | -- | -- | -- | 40.28 | 39.17 | -- | -- | -- | 39.04 | 43.01 | 10.60 | 12.08 | 10.32 | -21.90 | -- |
| First Commonwealth Financial Corp | 580.29m | 158.70m | 1.75bn | 1.47k | 11.04 | 1.29 | 10.75 | 3.66 | 1.55 | 1.55 | 4.68 | 13.32 | -- | -- | -- | -- | 1.38 | 1.30 | -- | -- | -- | -- | 33.12 | 30.17 | -- | -- | -- | 36.76 | 60.63 | 12.64 | 22.53 | 7.95 | 18.08 | 7.18 |
| First Bancorp (North Carolina) | 505.77m | 112.78m | 1.80bn | 1.40k | 15.95 | 1.28 | 13.79 | 4.68 | 2.74 | 2.74 | 9.33 | 34.10 | -- | -- | -- | -- | 0.9426 | 1.19 | -- | -- | -- | -- | 29.51 | 30.74 | -- | -- | -- | 24.84 | 43.35 | 16.15 | -29.22 | 2.99 | -16.24 | 18.29 |
| WesBanco Inc | 773.23m | 126.30m | 1.82bn | 2.32k | 14.39 | 0.7577 | -- | 3.09 | 2.12 | 2.12 | 9.89 | 42.70 | -- | -- | -- | -- | 0.7689 | 1.08 | -- | -- | -- | -- | 23.16 | 30.06 | -- | -- | -- | 48.43 | 38.52 | 11.39 | -18.18 | 0.797 | 36.97 | 4.53 |
| Columbia Financial Inc | 427.87m | 19.08m | 1.82bn | 720.00 | 93.03 | 1.74 | 62.10 | 8.42 | 0.1873 | 0.1873 | 2.13 | 9.99 | -- | -- | -- | -- | 0.1831 | 0.7212 | -- | -- | -- | -- | 8.81 | 25.94 | -- | -- | -- | 0.00 | 27.55 | 11.78 | -58.12 | 9.68 | -10.47 | -- |
| Wilson Bank Holding Company | 253.55m | 51.61m | 2.08bn | 584.00 | 39.83 | 4.58 | 37.22 | 12.00 | 4.39 | 4.39 | 14.74 | 38.20 | -- | -- | -- | -- | 1.08 | 1.25 | -- | -- | -- | -- | 29.86 | 30.32 | -- | -- | -- | 34.45 | 41.29 | 16.54 | -7.74 | 8.47 | -9.74 | -- |
| OFG Bancorp | 712.99m | 192.29m | 2.08bn | 3.40k | 10.99 | 1.69 | 9.48 | 2.93 | 4.06 | 4.06 | 14.98 | 26.37 | -- | -- | -- | -- | 1.81 | 1.30 | -- | -- | -- | -- | 27.12 | 22.38 | -- | -- | -- | 20.51 | 25.86 | 12.48 | 9.40 | 20.23 | 9.22 | 29.08 |
| Merchants Bancorp | 1.25bn | 286.84m | 2.09bn | 618.00 | 6.94 | 1.45 | 7.20 | 3.26 | 6.56 | 6.56 | 14.63 | 41.26 | -- | -- | -- | -- | 1.89 | 1.95 | -- | -- | -- | -- | 50.40 | 50.11 | -- | -- | -- | 6.09 | 124.15 | 50.29 | 26.23 | 32.65 | -13.46 | 5.92 |
Data as of Sep 20 2024. Currency figures normalised to Lakeland Financial Corp's reporting currency: US Dollar USD
52.13%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Fund Advisorsas of 31 Mar 2024 | 3.52m | 13.81% |
| The Vanguard Group, Inc.as of 31 Mar 2024 | 1.81m | 7.08% |
| Victory Capital Management, Inc. (Investment Management)as of 30 Jun 2024 | 1.54m | 6.03% |
| SSgA Funds Management, Inc.as of 31 Mar 2024 | 1.21m | 4.74% |
| Neuberger Berman Investment Advisers LLCas of 31 Mar 2024 | 1.12m | 4.41% |
| Kayne Anderson Rudnick Investment Management LLCas of 31 Mar 2024 | 970.19k | 3.80% |
| Charles Schwab Investment Management, Inc.as of 31 Mar 2024 | 858.92k | 3.37% |
| Dimensional Fund Advisors LPas of 30 Jun 2024 | 770.90k | 3.02% |
| Silvercrest Asset Management Group LLCas of 31 Mar 2024 | 751.89k | 2.95% |
| Copeland Capital Management LLCas of 30 Jun 2024 | 744.62k | 2.92% |
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Data from 31 Mar 2024 - 30 Jun 2024Source: FactSet Research Systems Inc.
