Lakeland Financial (LKFN) financial statements
Lakeland Financial reported revenue of $269M in fiscal 2025, up 87.7% a year over 9 years.
Net income was $103M.
Free cash flow was $104M, and the company returned $51M in dividends and $20M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Lakeland Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $928,000 | $1M | $985,000 | $200M | $210M | $223M | $245M | $247M | $254M | $269M |
| Interest expense | $20M | $30M | $48M | $60M | $30M | $15M | $37M | $146M | — | — |
| Pre-tax income | $77M | $90M | $99M | $107M | $104M | $117M | $125M | $110M | $112M | $126M |
| Income tax | $25M | $32M | $19M | $20M | $20M | $22M | $21M | $17M | $18M | $22M |
| Net income | $52M | $57M | $80M | $87M | $84M | $96M | $104M | $94M | $93M | $103M |
| EPS (diluted) | $2.05 | $2.23 | $3.13 | $3.38 | $3.30 | $3.74 | $4.04 | $3.65 | $3.63 | $4.01 |
| Diluted shares | 25M | 26M | 26M | 26M | 26M | 26M | 26M | 26M | 26M | 26M |
| Net margin | 5612.5% | 5698.8% | 8163.6% | 43.5% | 40.2% | 43.0% | 42.4% | 38.0% | 36.9% | 38.4% |
Balance sheet
Fiscal years, from Lakeland Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $167M | $176M | $217M | $99M | $250M | $683M | $130M | $152M | $168M | $141M |
| Property, plant and equipment | $52M | $56M | $58M | $60M | $59M | $59M | $58M | $58M | $60M | $66M |
| Goodwill | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M |
| Total assets | $4.3B | $4.7B | $4.9B | $4.9B | $5.8B | $6.6B | $6.4B | $6.5B | $6.7B | $7.0B |
| Total liabilities | $3.9B | $4.2B | $4.4B | $4.3B | $5.2B | $5.9B | $5.9B | $5.9B | $6.0B | $6.2B |
| Shareholders' equity | $427M | $469M | $522M | $598M | $657M | $705M | $569M | $650M | $684M | $762M |
| Net debt | -$167M | -$176M | -$217M | -$99M | -$250M | -$683M | -$130M | -$152M | -$168M | -$141M |
Cash flow
Fiscal years, from Lakeland Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $62M | $77M | $105M | $100M | $87M | $114M | $169M | $114M | $102M | $115M |
| Capital spending | $10M | $10M | $8M | $8M | $6M | $6M | $5M | $6M | $9M | $11M |
| Free cash flow | $52M | $68M | $97M | $92M | $82M | $108M | $165M | $108M | $94M | $104M |
| Stock-based compensation | $4M | $6M | $6M | $4M | $2M | $7M | $8M | $4M | $5M | $9M |
| Dividends paid | $18M | $21M | $25M | $30M | $31M | $35M | $41M | $47M | $49M | $51M |
| Share buybacks (net) | -$458,000 | -$495,000 | -$463,000 | -$515,000 | -$11M | -$559,000 | -$579,000 | -$575,000 | -$592,000 | -$20M |
| Net borrowing | $90M | -$159M | $95M | -$106M | $86M | -$10M | $22M | -$22M | $0 | $13M |
| Free cash flow margin | 5643.8% | 6725.6% | 9848.4% | 46.0% | 38.8% | 48.3% | 67.2% | 43.7% | 37.0% | 38.6% |
| Dividends per share | $0.71 | $0.83 | $0.98 | $1.15 | $1.20 | $1.35 | $1.59 | $1.83 | $1.91 | $1.99 |
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Open LKFN in InvestinglyQuestions
What was Lakeland Financial's revenue in 2025?
$269M in fiscal 2025, from its 10-K filing.
How much free cash flow does Lakeland Financial generate?
$104M in fiscal 2025 (operating cash flow minus capital spending).
From Lakeland Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.