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Lakeland Financial Corporation

LKFN Financial Banks Regional

Lakeland Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $421.7 million, down 1.93% from fiscal 2024.

Revenue
+1.66%
EPS
+11.7%
Free cash flow
+29.2%
Total debt
+8.33%

Quarter to September 2026, against a year earlier

61.57 1.33 −2.11%
Market cap
$1.5B
P/E
13.7×
Fwd P/E
13.5×
Dividend yield
3.38%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 1.42
Sold, $m 2.81
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 2 — — — — — — — —
Sell — — 5 — — 3 — 1 1 — 1 —
Insider Ownership 4.74%

Capital & Financial Ratios $m

Size
Market Cap 1,520.00
Revenue ttm 428.88
Net income ttm 113.68
Free cash flow ttm 120.73
Net debt Q (114.47)
Valuation
P/E 13.71
Forward P/E 13.50
Price / sales 3.59
Forward P/S Powerpack
Price / FCF 12.76
Price / book 2.10
Financial health
Current ratio Q 0.90
Debt / equity Q 0.00
Interest coverage Q —
Growth
Revenue growth Q +1.66% (above 0%: growing)
Operating income growth Q +11.27% (above 0%: growing)
EPS, this year +11.02%
EPS, next year A +3.82%
Revenue, next year A −30.80% (below 0%: weak)
EPS, past 5 yrs +3.97%
EPS, next 5 yrs A +6.21%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 11.59%
10-year low 10-year high
P/S against its own 10 years 9.83%
10-year low 10-year high
P/B against its own 10 years 31.24%
10-year low 10-year high

Dividends raised every year since 2018

Yield
3.38%
Annual rate
2.08
Payout ratio
46.5%
Growth, 2018–26
+9.59%/yr
  1. 1.00 ’18
  2. 1.16 ’19 +16
  3. 1.20 ’20 +3
  4. 1.36 ’21 +13
  5. 1.60 ’22 +18
  6. 1.84 ’23 +15
  7. 1.92 ’24 +4
  8. 2.00 ’25 +4
  9. 2.08 ’26 +4
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 152 168 141 116
Receivables — — — —
Inventory — — — —
Other — — — —
5,028 5,230 5,479 5,759
2023 2024 2025 Q'26
Payables 5,721 5,901 5,973 6,295
ST’ Debt — — — —
Other — — — —
5,741 5,917 6,165 6,404

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%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.08 Actual 1.14

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.05 1.16 Beat by 0.11
Q1 FY26 1.01 1.04 Beat by 0.03
Q2 FY26 1.07 1.13 Beat by 0.06
Q3 FY26 1.08 1.14 Beat by 0.06
Q4 FY26 1.13 — Reports 25 January 2027

EPS $

Mar Jun Sep Dec Year
’26 1.04 1.13 1.14 — —
’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.

Revenue $m

Mar Jun Sep Dec Year
’26 105 108 110 — —
’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 42 — —
’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 40 — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 172 202 239 260 240 238 281 393 430 422 429 +10.5% 292 308 324 (8.4%)
Gross margin, % 88.09 85.23 80.06 76.88 87.46 93.64 86.97 62.80 58.96 63.79 66.07 (24.3) pt
EBT 77 90 99 107 104 117 125 110 112 126 139 +5.6%
EBT margin, % 44.94 44.43 41.35 41.27 43.29 49.36 44.47 28.07 25.97 29.78 32.48 (15.2) pt
Net income 52 57 80 87 84 96 104 94 93 103 114 +7.9%
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 17.14 +10.2%
Earnings 2.08 2.28 3.18 3.40 3.31 3.76 4.07 3.67 3.64 4.02 4.49 +7.6%
Cash flow 2.48 3.07 4.15 3.91 3.42 4.47 6.63 4.45 3.99 4.47 5.37 +6.8%
Capex (0.39) (0.38) (0.30) (0.31) (0.20) (0.24) (0.19) (0.23) (0.34) (0.43) (0.55) +1.1%
Free cash flow 2.09 2.69 3.85 3.60 3.23 4.22 6.45 4.22 3.66 4.04 4.82 +7.6%
Book value 17.04 18.61 20.63 23.37 25.80 27.67 22.28 25.38 26.64 29.68 29.25 +6.4%
Shares, m 25 25 25 26 25 25 26 26 26 26 25 +0.3%
Valuation, ×
Valuation, × P/E 22.63 21.19 12.63 14.39 16.19 21.31 17.81 17.70 18.89 14.19 13.71 17.7
P/S 6.89 6.03 4.24 4.81 5.69 8.58 6.57 4.23 4.11 3.48 3.59 5.5
P/B 2.77 2.60 1.95 2.09 2.08 2.90 3.25 2.56 2.58 1.92 2.10 2.5
EV/Sales 7.14 5.71 4.18 5.08 5.00 6.02 7.09 3.97 4.18 3.14 — 5.2
EV/FCF 23.41 17.02 10.26 14.37 14.61 13.32 12.12 14.46 19.15 12.77 — 15.1
Cash, $m
Cash, $m Operating cash flow 62 77 105 100 87 114 169 114 102 115 134 +7.1%
Capex (10) (10) (8) (8) (5) (6) (5) (6) (9) (11) (14) +1.4%
Free cash flow 52 68 97 92 82 108 165 108 94 104 121 +7.9%
Balance, $m
Balance, $m Working capital (22) (121) (29) (11) (175) (810) (689) (714) (686) (686) (645) +46.9%
Net debt 44 (65) (16) 71 (164) (608) 145 (102) (168) (140) (114) n/m
Shareholders’ equity 427 469 522 598 657 705 569 650 684 762 732 +6.7%
Returns, %
Returns, % ROA 1.29 1.28 1.68 1.77 1.57 1.55 1.60 1.45 1.42 1.51 1.61 +0.2 pt
ROIC 10.25 13.89 12.23 10.04 13.18 75.93 10.96 12.58 13.54 12.61 14.10 +2.4 pt
ROE 12.70 12.80 16.24 15.55 13.44 14.06 16.30 15.39 14.02 14.29 15.37 +1.6 pt
People
People Employees 524 539 553 568 585 616 652 655 683 701 — +3.3%
Revenue/emp, $m 0.33 0.37 0.43 0.46 0.41 0.39 0.43 0.60 0.63 0.60 — +7.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Lakeland Financial Corporation vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RBCAA Republic Bancorp, Inc. $1.6B 13.9× 12.6× +1.88% (above 0%: growing) +4.32% (above 0%: growing) −102.32% (below 0%: shrinking) 82.94% 0.00% Compare
CASH Pathward Financial, Inc. $1.6B 9.4× 9.2× −2.04% (below 0%: shrinking) +9.41% (above 0%: growing) +20.54% (above 0%: growing) 99.33% 0.00% Compare
AVAL Grupo Aval Acciones y Valores S.A. $1.6B 10.5× — +74.54% (above 0%: growing) +30.00% (above 0%: growing) +884.01% (above 0%: growing) 46.31% 0.00% Compare
LOB Live Oak Bancshares, Inc. $1.6B 11.7× 12.7× +16.97% (above 0%: growing) +1.25% (above 0%: growing) +92.37% (above 0%: growing) 58.14% 0.00% Compare
ESQ Esquire Financial Holdings, Inc. $1.5B 19.7× 20.5× +18.87% (above 0%: growing) +6.08% (above 0%: growing) +59.96% (above 0%: growing) 88.35% 0.00% Compare
LKFN Lakeland Financial Corporation $1.5B 13.7× 13.5× +1.66% (above 0%: growing) +11.65% (above 0%: growing) +29.20% (above 0%: growing) 66.58% 0.00%
TFIN Triumph Financial, Inc. $1.5B 31.6× 31.8× +17.43% (above 0%: growing) +1,225.00% (above 0%: growing) +92.55% (above 0%: growing) 82.08% 0.00% Compare
AMAL Amalgamated Financial Corp. $1.5B 12.0× 11.7× +12.48% (above 0%: growing) +37.01% (above 0%: growing) −13.76% (below 0%: shrinking) 76.18% 0.00% Compare
TMP Tompkins Financial Corporation $1.4B 7.9× 12.6× +0.61% (above 0%: growing) +21.08% (above 0%: growing) +4.04% (above 0%: growing) 73.43% 0.00% Compare
Median of peers $1.6B 11.9× 12.6× +14.73% +15.25% +40.25% 79.13% 0.00%

All 327 Banks Regional stocks →

Lakeland Financial Corporation (LKFN) Latest News

26 Oct

Impact 4 · · GlobeNewswire earnings
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Associated Press
Impact 3 · · StockStory

24 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · StockStory

22 Oct

Impact 3 · · Zacks

20 Oct

Impact 3 · · 24/7 Wall St.

19 Oct

Impact 3 · · Zacks

16 Oct

Impact 3 · · Zacks

7 Oct

Impact 4 · · GlobeNewswire

30 Sep

Impact 3 · · Zacks
Impact 3 · · StockStory

22 Sep

Impact 3 · · GlobeNewswire

7 Aug

Impact 3 ·

27 Jul

Impact 3 · · InvestorsHub
Impact 3 ·
Impact 3 ·
Impact 3 ·

28 May

Impact 3 · · StockStory

5 May

Impact 3 · · Simply Wall St.

27 Apr

Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 4 · · GlobeNewswire
Impact 3 · · InvestorsHub
Impact 3 · · StockStory

25 Apr

Impact 4 · · StockStory

8 Mar

Impact 4 · · Simply Wall St.

12 Feb

Impact 4 · · Zacks
stockrow.com/LKFN · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com