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Last $40.49 USD
Change Today +0.17 / 0.42%
Volume 30.4K
LKFN On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

lakeland financial corp (LKFN) Snapshot

Open
$40.73
Previous Close
$40.32
Day High
$40.82
Day Low
$39.76
52 Week High
07/21/15 - $45.01
52 Week Low
10/1/14 - $36.98
Market Cap
673.3M
Average Volume 10 Days
49.8K
EPS TTM
$2.69
Shares Outstanding
16.6M
EX-Date
07/22/15
P/E TM
15.1x
Dividend
$0.98
Dividend Yield
2.25%
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 financial services to individuals and businesses in Indiana, the United States. The company offers various deposit products, including non-interest bearing deposits; interest-bearing checking, savings, and money market deposits; and NOW and demand deposits. It also provides commercial and industrial loans, commercial real estate and multi-family residential loans, agri-business and agricultural loans, and other commercial loans; and consumer 1-4 family mortgage loans and other consumer loans. In addition, the company offers corporate treasury management, wealth advisory, trust, and wealth management services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; retail and merchant credit card services; and Internet business banking and on-line treasury management services. As of April 27, 2015, it operated 46 offices in Northern and Central Indiana. The company was founded in 1872 and is headquartered in Warsaw, Indiana.

496 Employees
Last Reported Date: 03/5/15
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 Corp. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Records Net Charge-Offs for the Second Quarter of 2015

Lakeland Financial Corp. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $30,290,000 compared with $29,250,000 for the same period a year ago. Net interest income was $26,064,000 compared with $25,554,000 for the same period a year ago. Income before tax was $17,036,000 compared with $17,062,000 for the same period a year ago. Net income was $11,380,000 or $0.68 per diluted share compared with $11,312,000 or $0.68 per diluted share for the same period a year ago. Return on average assets was 12.19% compared with 13.32% for the same period a year ago. Return on average total equity was 1.29% compared with 1.37% for the same period a year ago. Net interest income after provision for loan losses was $26,064,000 compared to $25,554,000 a year ago. For the six months, the company reported total interest income of $59,954,000 compared with $57,520,000 for the same period a year ago. Net interest income was $51,764,000 compared with $50,234,000 for the same period a year ago. Income before tax was $33,630,000 compared with $32,379,000 for the same period a year ago. Net income was $22,516,000 or $1.34 per diluted share compared with $21,224,000 or $1.27 per diluted share for the same period a year ago. Book value per share was $22.61 compared with $20.77 for the same period a year ago. Tangible book value per common share was $22.42 compared with $20.58 for the same period a year ago. Return on average assets was 1.30% compared with 1.32% for the same period a year ago. Return on average total equity was 12.25% compared with 12.85% for the same period a year ago. Net interest income after provision for loan losses was $51,764,000 compared to $50,234,000 a year ago. Net charge-offs totaled $861,000 in the second quarter of 2015 versus net charge-offs of $532,000 during the second quarter of 2014 and net charge-offs of $585,000 during the linked first quarter of 2015.

Lakeland Financial Corporation Declares Quarterly Cash Dividend, Payable on August 5, 2015

On July 14, 2015, Lakeland Financial Corporation's Board of Directors declared a quarterly cash dividend of $0.245 per share on its common stock. The dividend will be paid on August 5, 2015 to the shareholders of record on July 25, 2015.

Lakeland Financial Corp. to Report Q2, 2015 Results on Jul 24, 2015

Lakeland Financial Corp. announced that they will report Q2, 2015 results on Jul 24, 2015

 

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Industry Analysis

LKFN

Industry Average

Valuation LKFN Industry Range
Price/Earnings 15.0x
Price/Sales 5.0x
Price/Book 1.8x
Price/Cash Flow 14.9x
TEV/Sales 3.2x
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