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Lakeland Financial Corporation  (LKFN)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


 

Lakeland Financial Corporation

LKFN's Financial Statements and Analysis



Lakeland Financial Corporation reported in the forth quarter of 2023 net earnings per share of $1.15 an increase by 14.01 % year on year from $1.01 and an improvement of 17.5 % from $0.98 realized in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 1.15 $  66 Mill
$+0.14     +14.01 % $+7M     +12.17 %



Lakeland Financial's Revenue rose by 12.17 % in forth quarter of 2023 (Dec 31 2023) year on year, to $66 million and advanced by 11.35 % sequentially.


Lakeland Financial is

More on LKFN's Income Statement



Lakeland Financial's net income of $29.626 million in the forth quarter of 2023 increased by 14.05 % from net earnings of $25.977 million achieved in IV. Quarter a year ago.

Sequentially net earnings grew by 17.32 % from net income of $25.252 million realized in previous quarter.

More on LKFN's Growth

Lakeland Financial Inventories
LKFN's Cash flow In the forth quarter of 2023 company's net cash flow was $6 million, capital expenditures grew by -1.143-14.17%, to $-1 millions compare to same quarter a year ago

More on LKFN's Cash flow Statement


Lakeland Financial Corporation payed out dividend of $1.83 per share in last 52 weeks representing 50.27 % of net earning per share in trailing twelve-month period.

During the same period Lakeland Financial Corporation earned $ 4.44 cash per share, on a free-cash flow basis 121.89 % of net earning per share.

Book value grew by 16.64 % sequentially to $25.29 per share, 87.38% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 25.10 per share from $ 21.49.

Company repurchased 0.00 million shares or 0.02 % in Dec 31 2023.
Interest Coverage Ratio was 1.75. Debt Coverage Ratio was 1.39.

More on LKFN's Dividends

 Market Capitalization (Millions) 1,604
 Shares Outstanding (Millions) 26
 Total Debt (Millions $) 50
 Revenue (TTM) (Millions $) 241
 Net Income (TTM) (Millions $) 94
 Cash Flow (TTM) (Millions $) 22
 Capital Exp. (TTM) (Millions $) -6
 Dividend TTM ($) 1.83 $
 Dividend Yield TTM (%) 2.95 %
 Employees (TTM) $ 518




Lakeland Financial Corporation payed out dividend of $1.83 per share in the last 52 weeks representing 50.27 % of net earning per share in trailing twelve-month period.

During the same period Lakeland Financial Corporation had $ 4.44 cash flow per share, on a free-cash flow basis 121.89 % of net earning per share.

Book value grew by 16.64 % sequentially to $25.29 per share, 87.38% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 25.10 per share from $ 21.49.

Company repurchased 0.00 million shares or 0.02 % in Dec 31 2023.
Interest Coverage Ratio was 1.75. Debt Coverage Ratio was 1.39.

More on LKFN's Balance Sheets

 Market Capitalization (Millions) 1,604
 Shares Outstanding (Millions) 26
 Total Debt (Millions $) 50
 Revenue (TTM) (Millions $) 241
 Net Income (TTM) (Millions $) 94
 Cash Flow (TTM) (Millions $) 22
 Capital Exp. (TTM) (Millions $) -6
 Dividend TTM ($) 1.83 $
 Dividend Yield TTM (%) 2.95 %
 Employees (TTM) $ 518
   


  News about Lakeland Financial Corporation Earnings

Strong growth trajectory continues for Lakeland Financial Corporation as income surges by 14.01% in Q4 2023

I had the pleasure of analyzing the recent financial results of Lakeland Fi...

Lakeland Financial Corporation Faces Decline in Earnings and Revenue for Q3 2023

Lakeland Financial Corporation is a financial institution that operates as the parent company of Lake City Bank. It recently reported weak earnings for the third quarter of 2023, with a decline in income and revenue compared to the previous year. The company's income fell by 11.71% to $0.98 per share, while revenue decreased by 6.11% to $58.83 million.
In comparison to its peers in the Regional Banks sector, Lakeland Financial Corporation posted a decline in revenue during the third quarter of 2023. However, its earnings per share (EPS) did experience a significant increase of 71.93% sequentially, rising from $0.57 per share in the previous quarter. Despite this improvement, the company's revenue still d...

Lakeland Financial Corporation Records Shrinking Earnings Amid Revenue Uptick for Q2 2023, Lags Behind Regional Banks Sector

Lakeland Financial Corporation, a regional bank in the financial industry, has recently reported their financial results for the second quarter of 2023. Unfortunately, despite a small revenue growth of 0.093%, the company experienced a significant reduction of 43% in income compared to the same period last year.
During the second quarter of 2023, Lakeland Financial Corporation generated revenue of $59.23 million, with earnings per share (EPS) at $0.57. To fully understand the company's performance, it is necessary to compare it to its peers in the regional banks industry. It becomes evident that Lakeland Financial Corporation has underperformed, as their business growth of 5.03% falls short compared to t...


Date modified: 2024-02-21T21:02:52+00:00





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