Lakeland Financial Corporation (LKFN) — Financial statements
Income statement, balance sheet, and cash flow for Lakeland Financial Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 422↓1.9% | 430↑9.4% | 393↑39.7% | 281↑18.3% | 238 | |
| Cost of Revenue | 165↓14.9% | 193↑27.1% | 152↑230.2% | 46↑184.1% | 16 | |
| Gross Profit | 257↑8.6% | 237↓1.8% | 241↑2.4% | 235↑6.2% | 222 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 74↑6.1% | 70↑12.3% | 63↑3.3% | 61↑0.7% | 60 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 74↑6.1% | 70↑12.3% | 63↑3.3% | 61↑0.7% | 60 | |
| Other Expenses | 57↑4.0% | 55↓19.5% | 68↑37.3% | 50↑12.5% | 44 | |
| Operating Expenses | 132↑5.2% | 125↓4.3% | 131↑18.6% | 110↑5.7% | 104 | |
| Total Costs & Expenses | 296↓7.0% | 318↑12.6% | 283↑81.0% | 156↑29.7% | 120 | |
| Operating Results | ||||||
| Operating Income | 126↑12.4% | 112↑1.2% | 110↓11.8% | 125↑6.6% | 117 | |
| Depreciation & Amortization | 5↓19.6% | 6↓3.6% | 6↓8.9% | 7↓19.2% | 8 | |
| EBITDA | 130↑10.8% | 118↑1.0% | 117↓11.7% | 132↑4.9% | 126 | |
| EBIT | 126↑12.4% | 112↑1.2% | 110↓11.8% | 125↑6.6% | 117 | |
| Interest & Other Income | ||||||
| Net Interest Income | 221↑12.4% | 197↓0.2% | 197↓2.9% | 203↑13.9% | 178 | |
| Interest Income | 374↑0.2% | 373↑8.7% | 343↑43.3% | 240↑24.0% | 193 | |
| Interest Expense | 153↓13.5% | 176↑20.7% | 146↑298.7% | 37↑142.4% | 15 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 126↑12.4% | 112↑1.2% | 110↓11.8% | 125↑6.6% | 117 | |
| Income Tax Expense | 22↑22.0% | 18↑9.9% | 17↓22.4% | 21↓1.7% | 22 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 103↑10.6% | 93↓0.3% | 94↓9.7% | 104↑8.4% | 96 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 103↑10.6% | 93↓0.3% | 94↓9.7% | 104↑8.4% | 96 | |
| Bottom-Line Net Income | 103↑10.6% | 93↓0.3% | 94↓9.7% | 104↑8.4% | 96 | |
| EPS (Basic) | 4.02↑10.4% | 3.64↓0.5% | 3.66↓10.1% | 4.07↑8.2% | 3.76 | |
| EPS (Diluted) | 4.01↑10.5% | 3.63↓0.5% | 3.65↓9.7% | 4.04↑8.0% | 3.74 | |
| Weighted Average Shares | 26↓0.2% | 26↑0.3% | 26↑0.3% | 26↑0.2% | 25 | |
| Weighted Average Diluted Shares | 26↑0.0% | 26↑0.2% | 26↑0.0% | 26↑0.4% | 26 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.