Lakeland Financial Corporation (LKFN) vs Tompkins Financial Corporation (TMP)

Lakeland Financial Corporation and Tompkins Financial Corporation are both Banks Regional companies. Lakeland Financial Corporation and Tompkins Financial Corporation are of similar size ($1.5B and $1.4B). Tompkins Financial Corporation trades at the lower P/E: 7.9× against 13.7×. Tompkins Financial Corporation grew revenue faster over the last twelve months: 25.8% against 2.03%. Tompkins Financial Corporation has the higher net margin (30.9% vs 26.5%) and the higher return on invested capital (14.2% vs 14.1%). Both pay a dividend; Tompkins Financial Corporation yields more (3.42% vs 3.38%). Across the 19 metrics below, Tompkins Financial Corporation leads on 15 and Lakeland Financial Corporation on 4.

Valuation

Metric LKFN TMP Banks Regional median
P/E 13.71 7.93 12.02
P/S 3.59 2.45 2.36
P/B 2.10 1.52 1.23
Price to free cash flow 12.76 27.30 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.29% 12.61% 8.21%
Free cash flow yield 7.84% 3.66% 9.23%

Profitability

Metric LKFN TMP Banks Regional median
Gross margin 66.07% 78.18% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 26.51% 30.94% 18.82%
Free cash flow margin 28.15% 8.97% 17.97%
Return on equity 15.37% 20.90% 10.28%
Return on assets 1.61% 2.07% 1.13%
Return on invested capital 14.10% 14.24% 8.45%

Growth

Metric LKFN TMP Banks Regional median
Revenue growth (TTM) 2.03% 25.80% 6.37%
EPS growth (last fiscal year) 10.47% 126.16% 18.85%
Revenue growth, 5-year CAGR 11.94% 12.02% 12.65%
Net income growth, 5-year CAGR 4.15% 15.73% 9.81%

Health

Metric LKFN TMP Banks Regional median
Debt to equity 0.00 0.43 0.17
Current ratio 0.90 0.94 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric LKFN TMP Banks Regional median
Dividend yield 3.38% 3.42% 2.49%
Payout ratio 0.47 0.27 0.29

Size

Metric LKFN TMP Banks Regional median
Market cap 1.52b 1.44b 934.85m

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