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Last $39.16 USD
Change Today -0.23 / -0.58%
Volume 19.8K
LKFN On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

lakeland financial corp (LKFN) Snapshot

Open
$39.29
Previous Close
$39.39
Day High
$39.71
Day Low
$39.07
52 Week High
12/31/14 - $44.15
52 Week Low
05/15/14 - $34.96
Market Cap
650.2M
Average Volume 10 Days
35.3K
EPS TTM
$2.69
Shares Outstanding
16.6M
EX-Date
04/22/15
P/E TM
14.6x
Dividend
$0.98
Dividend Yield
2.23%
Current Stock Chart for LAKELAND FINANCIAL CORP (LKFN)

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lakeland financial corp (LKFN) Details

Lakeland Financial Corporation operates as the holding company for Lake City Bank that provides various commercial and retail banking, wealth advisory, and investment brokerage services to individuals and businesses in Indiana, the United States. The company accepts checking accounts, savings accounts, time deposits, certificates of deposit, money market accounts, and NOW accounts. It provides commercial, real estate, and agricultural loans; consumer loans; and commercial and residential real estate mortgage loans, as well as home equity lines of credit and retail installment loans. In addition, the company offers retail and merchant credit card services, corporate treasury management services, retirement services, and trust and brokerage services, as well as sells securities under agreements to repurchase. Further, it provides retail brokerage services, including various financial and investment products, such as annuities and life insurance; Internet business banking and on-line treasury management services; and credit card services. Lakeland Financial Corporation operates 46 offices in 13 counties in northern and central Indiana. The company was founded in 1872 and is headquartered in Warsaw, Indiana.

503 Employees
Last Reported Date: 04/27/15
Founded in 1872

lakeland financial corp (LKFN) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $424.7K
Executive Chairman and Executive Chairman of ...
Total Annual Compensation: $499.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $162.7K
Executive Vice President of Retail Banking an...
Total Annual Compensation: $211.5K
Executive Vice President of Commercial Bankin...
Total Annual Compensation: $211.2K
Compensation as of Fiscal Year 2014.

lakeland financial corp (LKFN) Key Developments

Lakeland Financial Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter of 2015; Reports Net Charge Offs for the First Quarter of 2015

Lakeland Financial Corporation reported unaudited consolidated earnings results for the first quarter of 2015. For the quarter, net income was $11.1 million, up 12% from $9.9 million in first quarter of 2014. Diluted net income per common share also increased 12% to $0.66 versus $0.59 for 2014. Revenue climbed to $33.5 million compared with $32.1 million in the same period last year. Net interest income was $25,700,000 against $24,680,000 a year ago. Return on average assets was 1.31% against 1.26% a year ago. Return on average total equity was 12.32% against 12.25% a year ago. Income before income tax expense was $16,594,000 against $15,317,000 a year ago. The company reported net charge offs of $585,000 for the first quarter of 2015 against $2,659,000 a year ago.

Lakeland Financial Corporation Approves Quarterly Cash Dividend for the First Quarter of 2015, Payable on May 5, 2015

Lakeland Financial Corporation parent company of Lake City Bank, announced that the Board of Directors approved a quarterly cash dividend for the first quarter of 2015 of $0.245 per share, payable on May 5, 2015 to shareholders of record as of April 25, 2015. The quarterly dividend represents a 17% increase over the quarterly dividends paid in 2014.

Lakeland Financial Corp., Annual General Meeting, Apr 14, 2015

Lakeland Financial Corp., Annual General Meeting, Apr 14, 2015., at 16:30 US Eastern Standard Time. Location: Fort Wayne Country Club. Agenda: To approve the election of directors; to approve the company's compensation of certain executive officers; to ratify the appointment of Crowe Horwath LLP as the company's independent registered public accounting firm for the year ending December 31, 2015; and to consider the such other business as may properly come before the meeting or any adjournment thereof.

 

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Industry Analysis

LKFN

Industry Average

Valuation LKFN Industry Range
Price/Earnings 14.7x
Price/Sales 4.9x
Price/Book 1.8x
Price/Cash Flow 14.5x
TEV/Sales 3.4x
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