LKFN
Income statement / Annual
Last year (2024), Lakeland Financial Corporation's total revenue was $430.00 M,
an increase of 9.38% from the previous year.
In 2024, Lakeland Financial Corporation's net income was $93.48 M.
See Lakeland Financial Corporation,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$430.00 M |
$393.13 M |
$281.43 M |
$237.94 M |
$228.08 M |
$249.80 M |
$229.59 M |
$193.51 M |
$163.67 M |
$146.43 M |
| Cost of Revenue |
$193.23 M
|
$152.08 M
|
$46.06 M
|
$16.21 M
|
$44.87 M
|
$63.40 M
|
$54.10 M
|
$32.81 M
|
$21.62 M
|
$16.61 M
|
| Gross Profit |
$236.77 M
|
$241.04 M
|
$235.37 M
|
$221.73 M
|
$183.22 M
|
$186.40 M
|
$175.49 M
|
$160.70 M
|
$142.05 M
|
$129.81 M
|
| Gross Profit Ratio |
0.55
|
0.61
|
0.84
|
0.93
|
0.8
|
0.75
|
0.76
|
0.83
|
0.87
|
0.89
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$70.19 M
|
$62.51 M
|
$60.53 M
|
$60.12 M
|
$54.21 M
|
$53.75 M
|
$54.41 M
|
$51.85 M
|
$46.99 M
|
$44.14 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$70.19 M
|
$62.51 M
|
$60.53 M
|
$60.12 M
|
$54.21 M
|
$53.75 M
|
$54.41 M
|
$51.85 M
|
$46.99 M
|
$44.14 M
|
| Other Expenses |
$54.89 M
|
$68.20 M
|
$49.68 M
|
$44.16 M
|
$25.13 M
|
$25.27 M
|
$22.13 M
|
$19.22 M
|
$17.85 M
|
$16.47 M
|
| Operating Expenses |
$125.08 M
|
$130.71 M
|
$110.21 M
|
$104.29 M
|
$79.34 M
|
$79.02 M
|
$76.54 M
|
$71.07 M
|
$64.83 M
|
$60.61 M
|
| Cost And Expenses |
$318.31 M
|
$282.79 M
|
$156.27 M
|
$120.50 M
|
$124.21 M
|
$142.42 M
|
$130.64 M
|
$103.87 M
|
$86.45 M
|
$77.23 M
|
| Interest Income |
$373.16 M
|
$343.27 M
|
$239.57 M
|
$193.22 M
|
$193.10 M
|
$215.21 M
|
$198.97 M
|
$165.70 M
|
$138.95 M
|
$122.54 M
|
| Interest Expense |
$176.48 M
|
$146.23 M
|
$36.68 M
|
$15.13 M
|
$30.10 M
|
$60.16 M
|
$47.70 M
|
$29.81 M
|
$20.47 M
|
$16.61 M
|
| Depreciation & Amortization |
$5.95 M
|
$6.17 M
|
$6.78 M
|
$8.39 M
|
$6.81 M
|
$6.46 M
|
$6.16 M
|
$5.72 M
|
$4.83 M
|
$4.31 M
|
| EBITDA |
$117.64 M |
$116.51 M |
$131.94 M |
$125.83 M |
$110.69 M |
$113.84 M |
$105.10 M |
$95.35 M |
$82.04 M |
$73.51 M |
| EBITDA Ratio |
0.27
|
0.3
|
0.47
|
0.53
|
0.49
|
0.46
|
0.46
|
0.49
|
0.5
|
0.5
|
| Operating Income Ratio |
0.26
|
0.28
|
0.44
|
0.49
|
0.46
|
0.43
|
0.43
|
0.46
|
0.47
|
0.47
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$111.69 M
|
$110.33 M
|
$125.16 M
|
$117.44 M
|
$103.88 M
|
$107.39 M
|
$98.94 M
|
$89.63 M
|
$77.22 M
|
$69.20 M
|
| Income Before Tax Ratio |
0.26
|
0.28
|
0.44
|
0.49
|
0.46
|
0.43
|
0.43
|
0.46
|
0.47
|
0.47
|
| Income Tax Expense |
$18.21 M
|
$16.57 M
|
$21.35 M
|
$21.71 M
|
$19.54 M
|
$20.34 M
|
$18.53 M
|
$32.30 M
|
$25.13 M
|
$22.83 M
|
| Net Income |
$93.48 M
|
$93.77 M
|
$103.82 M
|
$95.73 M
|
$84.34 M
|
$87.05 M
|
$80.41 M
|
$57.33 M
|
$52.08 M
|
$46.37 M
|
| Net Income Ratio |
0.22
|
0.24
|
0.37
|
0.4
|
0.37
|
0.35
|
0.35
|
0.3
|
0.32
|
0.32
|
| EPS |
3.64 |
3.66 |
4.07 |
3.76 |
3.31 |
3.4 |
3.18 |
2.28 |
2.08 |
1.86 |
| EPS Diluted |
3.63 |
3.65 |
4.04 |
3.74 |
3.3 |
3.38 |
3.13 |
2.23 |
2.05 |
1.83 |
| Weighted Average Shares Out |
$25.68 M
|
$25.61 M
|
$25.53 M
|
$25.48 M
|
$25.47 M
|
$25.59 M
|
$25.29 M
|
$25.18 M
|
$25.06 M
|
$24.93 M
|
| Weighted Average Shares Out Diluted |
$25.77 M
|
$25.72 M
|
$25.71 M
|
$25.62 M
|
$25.57 M
|
$25.76 M
|
$25.73 M
|
$25.66 M
|
$25.46 M
|
$25.25 M
|
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