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Lakeland Financial (LKFN)

Company Profile

Company profile

Ticker

LKFN

Exchange

Website

www.lakecitybank.com

CEO

Mr. David M. Findlay

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

State Street • Ally Financial • Fifth Third Bancorp • Citizens Financial • Northern Trust • M&T Bank • The Bank of New York Mellon Corporation • First Citizens BancShares • East West Bancorp • Associated Banc-Corp ...

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Lake City Bank, Warsaw, Indiana, a banking corporation ...

IRS number

351559596

LKFN stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

View all

Annual report to shareholders

Additional proxy soliciting materials

Definitive proxy

27 Feb 25

Departure of Directors or Certain Officers

19 Feb 25

Departure of Directors or Certain Officers

Lakeland Financial Corporation A Proven History of Shareholder Value Creation And Commitment to Our Communities 4th Quarter 2024 LKFN L I S T E D

Results of Operations and Financial Condition

Departure of Directors or Certain Officers

Regulation FD Disclosure

Latest ownership filings

View all

Donald Robinson-Gay

Darrianne P Christian

Bradley J Toothaker

Blake Augsburger

Financial summary

Financial statements Chart LKFN financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q3 2024

LKFN institutional ownership history Ownership history

87.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	234	218	+7.3%
Opened positions	35	23	+52.2%
Closed positions	19	26	-26.9%
Increased positions	81	76	+6.6%
Reduced positions	79	75	+5.3%

13F shares	Current	Prev Q	Change
Total value	1.36 tn	1.28 tn	+6.5%
Total shares	22.45 mm	22.37 mm	+0.4%
Total puts	100.00	1.00 k	-90.0%
Total calls	2.90 k	2.70 k	+7.4%
Total put/call ratio	0.0	0.4	-90.7%

Largest owners	Shares	Value	Change
BlackRock	3.71 mm	$241.29 bn	NEW
Vanguard	1.84 mm	$119.84 bn	-0.0%
Victory Capital Management	1.49 mm	$96.71 bn	-3.5%
STT State Street	1.28 mm	$83.15 bn	+2.2%
Franklin Mutual Advisers	1.16 mm	$61.94 mm	0.0%
Neuberger Berman	1.09 mm	$71.26 bn	-0.4%
Silvercrest Asset Management	904.94 k	$58.93 bn	+9.3%
Charles Schwab Investment Management	902.97 k	$58.80 bn	+3.1%
Kayne Anderson Rudnick Investment Management	826.45 k	$53.82 bn	-2.3%
Dimensional Fund Advisors	801.22 k	$52.17 bn	-1.9%

Largest transactions	Shares	Bought/sold	Change
BlackRock	3.71 mm	+3.71 mm	NEW
BLK BlackRock	0.00	-3.67 mm	EXIT
Boston Trust Walden	0.00	-337.72 k	EXIT
GS The Goldman Sachs Group, Inc.	296.97 k	+215.98 k	+266.7%
Millennium Management	93.10 k	+84.61 k	+996.8%
Natixis Advisors	138.78 k	-79.44 k	-36.4%
Silvercrest Asset Management	904.94 k	+77.08 k	+9.3%
Eagle Asset Management	250.14 k	+56.93 k	+29.5%
BKD Wealth Advisors	68.62 k	+56.80 k	+480.4%
Victory Capital Management	1.49 mm	-53.30 k	-3.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

LKFN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
25 Feb 25	Donald Robinson-Gay	Common Stock	Sell	Dispose S	No	No	66.246	550	36.44 k	4,974
5 Feb 25	Smith Brian J	Phantom Stock Common Stock	Grant	Acquire A	No	No	66.95	145	9.71 k	19,656
5 Feb 25	Toothaker Bradley J	Phantom Stock Common Stock	Grant	Acquire A	No	No	66.95	130	8.70 k	17,589
5 Feb 25	Pichon Emily E	Phantom Stock Common Stock	Grant	Acquire A	No	No	66.95	7	468.65	911
5 Feb 25	Faraz Abbasi	Phantom Stock Common Stock	Grant	Acquire A	No	No	66.95	13	870.35	1,753

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Keefe, Bruyette & Woods Reiterates Market Perform on Lakeland Financial, Raises Price Target to $74

Keefe, Bruyette & Woods analyst Damon Delmonte reiterates Lakeland Financial (NASDAQ:LKFN) with a Market Perform and raises the price target from $73 to $74.

Lakeland Financial Q4 2024 Adj EPS $0.94 Beats $0.90 Estimate, Sales $63.57M Beat $63.09M Estimate

Lakeland Financial (NASDAQ:LKFN) reported quarterly earnings of $0.94 per share which beat the analyst consensus estimate of $0.90 by 4.44 percent. This is a 4.08 percent decrease over earnings of $0.98 per share from

Earnings Scheduled For January 24, 2025

Press releases

From Benzinga Pro

Lakeland Financial Reports Annual Net Income of $93.5 million, Organic Average Loan Growth of 5% and Average Deposit Growth of 4%

WARSAW, Ind., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $93.5 million for the year ended December 31,

Lake City Bank Promotes Stephanie R. Leniski to Executive Vice President

WARSAW, Ind., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Lake City Bank is pleased to announce that Stephanie R. Leniski has been promoted to Executive Vice President, Chief Retail Banking Officer. "Stephanie's energy for the

Lake City Bank Parent Announces 4% Increase in Quarterly Dividend

WARSAW, Ind., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, announced that the Board of Directors approved a quarterly cash dividend for

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