LKFN
Income statement / Annual
Last year (2024), Lakeland Financial Corporation's total revenue was $253.52 M,
an increase of 2.69% 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 |
$253.52 M |
$246.89 M |
$231.92 M |
$210.13 M |
$197.99 M |
$189.64 M |
$181.70 M |
$163.67 M |
$143.20 M |
$129.81 M |
| Cost of Revenue |
-$119.64 M
|
$5.85 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Gross Profit |
$373.16 M
|
$241.04 M
|
$231.92 M
|
$210.13 M
|
$197.99 M
|
$189.64 M
|
$181.70 M
|
$163.67 M
|
$143.20 M
|
$129.81 M
|
| Gross Profit Ratio |
1.47
|
0.98
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
| 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
|
$64.39 M
|
$54.21 M
|
$54.44 M
|
$55.12 M
|
$52.05 M
|
$47.26 M
|
$44.14 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$5.20 M
|
$4.26 M
|
$3.09 M
|
$4.37 M
|
$5.07 M
|
$4.74 M
|
$3.33 M
|
$3.17 M
|
| Selling, General & Administrative Expenses |
$70.19 M
|
$62.51 M
|
$60.53 M
|
$64.39 M
|
$54.21 M
|
$54.44 M
|
$55.12 M
|
$52.05 M
|
$47.26 M
|
$44.14 M
|
| Other Expenses |
$183.33 M
|
$184.38 M
|
-$39.63 M
|
-$157.08 M
|
-$148.32 M
|
-$136.70 M
|
-$90.17 M
|
-$96.28 M
|
-$92.77 M
|
-$88.14 M
|
| Operating Expenses |
$253.52 M
|
$246.89 M
|
$6.48 M
|
-$92.69 M
|
-$94.11 M
|
-$82.25 M
|
-$35.05 M
|
-$44.23 M
|
-$45.51 M
|
-$44.00 M
|
| Cost And Expenses |
$253.52 M
|
$246.89 M
|
$6.48 M
|
-$92.69 M
|
-$94.11 M
|
-$82.25 M
|
-$35.05 M
|
-$44.23 M
|
-$45.51 M
|
-$44.00 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
|
$6.02 M
|
$6.11 M
|
$6.04 M
|
$5.93 M
|
$5.65 M
|
$5.12 M
|
$4.23 M
|
$4.31 M
|
| EBITDA |
$0.00 |
$0.00 |
$130.99 M |
$121.05 M |
-$1.71 M |
-$638,000.00 |
-$1.70 M |
-$1.80 M |
-$2.00 M |
-$2.04 M |
| EBITDA Ratio |
0
|
0
|
0.73
|
0.6
|
0.56
|
0.6
|
0.84
|
0.76
|
0.72
|
0.69
|
| Operating Income Ratio |
0.35
|
0.41
|
0.7
|
0.56
|
0.52
|
0.57
|
0.81
|
0.73
|
0.68
|
0.66
|
| Total Other Income/Expenses Net |
$22.31 M
|
$8.76 M
|
-$5.50 M
|
-$2.24 M
|
-$1.71 M
|
-$638,000.00
|
-$1.70 M
|
-$1.80 M
|
-$2.00 M
|
-$2.04 M
|
| 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 |
0.44
|
0.45
|
0.54
|
0.56
|
0.52
|
0.57
|
0.54
|
0.55
|
0.54
|
0.53
|
| 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 |
0.37
|
0.38
|
0.45
|
0.46
|
0.43
|
0.46
|
0.44
|
0.35
|
0.36
|
0.36
|
| 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
|
$25.60 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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