LKFN
Income statement / Annual
Last year (2023), Lakeland Financial Corporation's total revenue was $241.04 M,
an increase of 3.93% from the previous year.
In 2023, Lakeland Financial Corporation's net income was $93.77 M.
See Lakeland Financial Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
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 |
12/31/2014 |
| Operating Revenue |
$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
|
$126.19 M
|
| Cost of Revenue |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$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 |
$126.19 M |
| Gross Profit Ratio |
1 |
1 |
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 |
$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
|
$43.66 M
|
| Selling & Marketing
Expenses |
$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
|
$3.07 M
|
| Selling, General &
Administrative Expenses |
$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
|
$43.66 M
|
| Other Expenses |
$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 |
-$88.67 M |
| Operating Expenses |
$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 |
-$45.01 M |
| Cost And Expenses |
$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 |
-$45.01 M |
| Interest Income |
$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 |
$117.29 M |
| Interest Expense |
$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 |
$14.99 M |
| Depreciation &
Amortization |
$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
|
$3.94 M
|
| EBITDA |
$117.96 M
|
$130.99 M
|
$121.05 M
|
-$1.71 M
|
-$638,000.00
|
-$1.70 M
|
-$1.80 M
|
-$2.00 M
|
-$2.04 M
|
-$1.94 M
|
| EBITDA Ratio |
0.49 |
0.73 |
0.6 |
0.56 |
0.6 |
0.84 |
0.76 |
0.72 |
0.69 |
0.67 |
| Operating Income Ratio
|
0.42
|
0.7
|
0.56
|
0.52
|
0.57
|
0.81
|
0.73
|
0.68
|
0.66
|
0.64
|
| Total Other
Income/Expenses Net |
$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
|
-$1.94 M
|
| Income Before Tax |
$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 |
$66.19 M |
| Income Before Tax Ratio
|
0.46
|
0.54
|
0.56
|
0.52
|
0.57
|
0.54
|
0.55
|
0.54
|
0.53
|
0.52
|
| Income Tax Expense |
$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 |
$22.39 M |
| Net Income |
$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 |
$43.81 M |
| Net Income Ratio |
0.39 |
0.45 |
0.46 |
0.43 |
0.46 |
0.44 |
0.35 |
0.36 |
0.36 |
0.35 |
| EPS |
3.66 |
4.07 |
3.76 |
3.31 |
3.4 |
3.18 |
2.28 |
2.08 |
1.86 |
1.77 |
| EPS Diluted |
3.65 |
4.04 |
3.74 |
3.3 |
3.38 |
3.13 |
2.23 |
2.05 |
1.83 |
1.74 |
| Weighted Average Shares
Out |
$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
|
$24.80 M
|
| Weighted Average Shares
Out Diluted |
$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
|
$25.17 M
|
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