Saturday 17 October 2026 Export LKFN’s income statement to Excel — free account

Lakeland Financial Corporation

Lakeland Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $421.7 million, down 1.93% from fiscal 2024. In the quarter to June 2026, revenue grew 1.75%, EPS grew 8.57%, free cash flow grew 36.2% and total debt was flat, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.

58.00 0.09 +0.16%

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Market cap: $1.4B
P/E: 13.3×
Fwd P/E: 13.8×
Dividend yield: 3.55%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.42

Total sells 1.44

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	2	—	—	—	—	—	—	—
Sell	—	—	—	5	—	—	3	—	1	1	—	—

Insider Ownership 4.22%

Capital & Financial Ratios $m

Market Cap 1,440.00

Revenue 427.09

Net Income 111.23

Free Cash Flow 111.67

Net Debt (192.93)

Current Ratio 0.90

Debt/Equity 0.00

P/E ratio 13.27

Fwd P/E 13.80

P/S ratio 3.40

P/B ratio 1.88

Past 5Y EPS Growth 3.97%

This Y EPS Growth 9.18%

Next Y EPS Growth 2.97%

Next Y revenue growth (31.04%)

Next 5Y EPS Growth 5.25%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 7.22%

10-year low 10-year high

P/S against its own 10 years 2.25%

10-year low 10-year high

P/B against its own 10 years 8.00%

10-year low 10-year high

Dividends

Payout Ratio 0.47

Annual Dividend Rate 2.06

Annual Dividend Yield 3.55%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.08	0.52 0.52 0.52
2025	2.00	0.50 0.50 0.50 0.50
2024	1.92	0.48 0.48 0.48 0.48
2023	1.84	0.46 0.46 0.46 0.46
2022	1.60	0.40 0.40 0.40 0.40
2021	1.36	0.34 0.34 0.34 0.34
2020	1.20	0.30 0.30 0.30 0.30
2019	1.16	0.26 0.30 0.30 0.30
2018	1.00	0.22 0.26 0.26 0.26
2017	0.85	0.19 0.22 0.22 0.22
2016	0.73	0.16 0.19 0.19 0.19

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	152	168	141	194
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	5,028	5,230	5,479	5,736

	2023	2024	2025	Q'26
Payables	5,721	5,901	5,973	6,330
ST’ Debt	—	—	—	—
Other	—	—	—	—
	5,741	5,917	6,165	6,409

Compound Annual Growth %

	10y	5y	3y
Sales	10.60%	11.94%	14.43%
Cash Flow	7.49%	5.66%	(12.13%)
Earnings	8.35%	4.15%	(0.15%)
Book Value	6.86%	3.02%	10.26%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	105	108	—	—	—
’25	101	106	108	107	422
’24	104	114	107	105	430
’23	90	96	99	108	393
’22	59	64	73	86	281
’21	61	59	60	58	238
’20	61	58	59	62	240

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	35	24	—	—	—
’25	29	16	36	34	115
’24	25	21	18	39	102
’23	27	9	51	27	114
’22	48	43	44	34	169
’21	24	35	27	28	114
’20	20	21	21	26	87

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	30	19	—	—	—
’25	27	14	31	32	104
’24	23	19	15	37	94
’23	25	8	49	26	108
’22	47	42	42	33	165
’21	22	34	25	27	108
’20	17	20	19	25	82

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.04	1.13	—	—	—
’25	0.78	1.04	1.03	1.16	4.01
’24	0.91	0.87	0.91	0.94	3.63
’23	0.94	0.57	0.98	1.16	3.65
’22	0.92	1.00	1.11	1.01	4.04
’21	0.90	0.95	0.94	0.95	3.74
’20	0.67	0.77	0.89	0.97	3.30

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	26.53	39.68	37.79	39.78	30.49	53.03	64.05	43.05	57.45	50.00	Analyst estimates 2026–2028 Powerpack
	High	48.88	52.43	51.76	50.00	56.28	80.77	85.71	77.07	78.61	71.77
People
People	Employees	524	539	553	568	585	616	652	655	683	701
	Revenue/emp, $m	0.33	0.37	0.43	0.46	0.41	0.39	0.43	0.60	0.63	0.60
Income, $m
Income, $m	Revenue	172	202	239	260	240	238	281	393	430	422
	Gross margin, %	88.09	85.23	80.06	76.88	87.46	93.64	86.97	62.80	58.96	63.79
	EBT	77	90	99	107	104	117	125	110	112	126
	EBT margin, %	44.94	44.43	41.35	41.27	43.29	49.36	44.47	28.07	25.97	29.78
	Net income	52	57	80	87	84	96	104	94	93	103
	Depreciation	8	9	9	10	11	13	13	11	11	10
Per share, $
Per share, $	Revenue	6.86	8.01	9.46	10.17	9.42	9.34	11.02	15.35	16.75	16.42
	Earnings	2.08	2.28	3.18	3.40	3.31	3.76	4.07	3.67	3.64	4.02
	Cash flow	2.48	3.07	4.15	3.91	3.42	4.47	6.63	4.45	3.99	4.47
	Capex	(0.39)	(0.38)	(0.30)	(0.31)	(0.20)	(0.24)	(0.19)	(0.23)	(0.34)	(0.43)
	Free cash flow	2.09	2.69	3.85	3.60	3.23	4.22	6.45	4.22	3.66	4.04
	Book value	17.04	18.61	20.63	23.37	25.80	27.67	22.28	25.38	26.64	29.68
	Shares, m	25	25	25	26	25	25	26	26	26	26
Valuation, ×
Valuation, ×	P/E	22.63	21.19	12.63	14.39	16.19	21.31	17.81	17.70	18.89	14.19
	P/S	6.89	6.03	4.24	4.81	5.69	8.58	6.57	4.23	4.11	3.48
	P/B	2.77	2.60	1.95	2.09	2.08	2.90	3.25	2.56	2.58	1.92
	EV/Sales	7.14	5.71	4.18	5.08	5.00	6.02	7.09	3.97	4.18	3.14
	EV/FCF	23.41	17.02	10.26	14.37	14.61	13.32	12.12	14.46	19.15	12.77
Cash, $m
Cash, $m	Operating cash flow	62	77	105	100	87	114	169	114	102	115
	Capex	(10)	(10)	(8)	(8)	(5)	(6)	(5)	(6)	(9)	(11)
	Free cash flow	52	68	97	92	82	108	165	108	94	104
Balance, $m
Balance, $m	Working capital	(22)	(121)	(29)	(11)	(175)	(810)	(689)	(714)	(686)	(686)
	Total debt	211	111	201	170	86	75	275	50	—	1
	Net debt	44	(65)	(16)	71	(164)	(608)	145	(102)	(168)	(140)
	Shareholders’ equity	427	469	522	598	657	705	569	650	684	762
Returns, %
Returns, %	ROA	1.29	1.28	1.68	1.77	1.57	1.55	1.60	1.45	1.42	1.51
	ROIC	10.25	13.89	12.23	10.04	13.18	75.93	10.96	12.58	13.54	12.61
	ROE	12.70	12.80	16.24	15.55	13.44	14.06	16.30	15.39	14.02	14.29

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CNOB ConnectOne Bancorp, Inc.	$1.5B	9.9×	9.4×	+32.81% (above 0%: growing)	n/m	+427.03% (above 0%: growing)	60.53%	0.00%	Compare
CASH Pathward Financial, Inc.	$1.5B	9.1×	9.2×	−3.18% (below 0%: shrinking)	−24.73% (below 0%: shrinking)	+20.54% (above 0%: growing)	99.41%	0.00%	Compare
TFIN Triumph Financial, Inc.	$1.5B	41.6×	40.6×	+13.51% (above 0%: growing)	+193.33% (above 0%: growing)	+372.54% (above 0%: growing)	82.38%	0.00%	Compare
LKFN Lakeland Financial Corporation	$1.4B	13.3×	13.8×	+1.75% (above 0%: growing)	+8.57% (above 0%: growing)	+36.16% (above 0%: growing)	65.79%	0.00%
ESQ Esquire Financial Holdings, Inc.	$1.4B	18.4×	28.7×	+18.87% (above 0%: growing)	+6.08% (above 0%: growing)	+59.96% (above 0%: growing)	88.35%	0.00%	Compare
AMAL Amalgamated Financial Corp.	$1.4B	12.4×	10.7×	+15.47% (above 0%: growing)	+36.47% (above 0%: growing)	−23.52% (below 0%: shrinking)	75.97%	0.00%	Compare
BHRB Burke & Herbert Financial Services Corp.	$1.4B	11.1×	8.4×	+20.93% (above 0%: growing)	−74.75% (below 0%: shrinking)	+49.60% (above 0%: growing)	70.87%	0.00%	Compare
WABC Westamerica Bancorporation	$1.4B	13.5×	12.7×	−2.49% (below 0%: shrinking)	+4.46% (above 0%: growing)	−33.14% (below 0%: shrinking)	94.98%	0.00%	Compare
TMP Tompkins Financial Corporation	$1.4B	7.9×	11.6×	+2.51% (above 0%: growing)	+36.42% (above 0%: growing)	−198.57% (below 0%: shrinking)	73.16%	0.00%	Compare
Median of peers	$1.4B	11.8×	11.1×	+14.49%	+6.08%	+35.07%	79.18%	0.00%

All 323 Banks Regional stocks →

Lakeland Financial Corporation (LKFN) key facts

Concern: Lakeland Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $421.7 million, down 1.93% from fiscal 2024.
Strength: Net income was $103.4 million, or $4.02 per share (basic), a net margin of 24.5%.
Lakeland Financial Corporation (LKFN) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, LKFN traded at $58.00, a market capitalization of $1.4 billion.
At that price the stock trades at 13.3× trailing-twelve-month earnings and 3.4× sales; its P/E is higher than 7% of its own readings over the past ten years.
Lakeland Financial Corporation pays an annual dividend of $2.06 per share, a yield of 3.55%, with a payout ratio of 47.3%.
Return on equity was 14.3% and debt-to-equity 0.00.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.