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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. 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%
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%) (below 0%: weak)
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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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
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.

Source: company filings (standardised) and stockrow calculations.

Lakeland Financial Corporation (LKFN) Latest News

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stockrow.com/LKFN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com