Lakeland Financial Corporation
LKFN · NASDAQ
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Revenue | $430,002 | $393,125 | $281,429 | $237,939 |
| % Growth | 9.4% | 39.7% | 18.3% | – |
| Cost of Goods Sold | $193,229 | $152,082 | $46,055 | $16,208 |
| Gross Profit | $236,773 | $241,043 | $235,374 | $221,731 |
| % Margin | 55.1% | 61.3% | 83.6% | 93.2% |
| R&D Expenses | $0 | $0 | $0 | $0 |
| G&A Expenses | $70,193 | $62,510 | $60,529 | $60,124 |
| SG&A Expenses | $70,193 | $62,510 | $60,529 | $60,124 |
| Sales & Mktg Exp. | $0 | $0 | $0 | $0 |
| Other Operating Expenses | $54,891 | $68,200 | $49,681 | $44,163 |
| Operating Expenses | $125,084 | $130,710 | $110,210 | $104,287 |
| Operating Income | $111,689 | $110,333 | $125,164 | $117,444 |
| % Margin | 26% | 28.1% | 44.5% | 49.4% |
| Other Income/Exp. Net | $0 | $0 | $0 | $0 |
| Pre-Tax Income | $111,689 | $110,333 | $125,164 | $117,444 |
| Tax Expense | $18,211 | $16,566 | $21,347 | $21,711 |
| Net Income | $93,478 | $93,767 | $103,817 | $95,733 |
| % Margin | 21.7% | 23.9% | 36.9% | 40.2% |
| EPS | 3.64 | 3.66 | 4.07 | 3.76 |
| % Growth | -0.5% | -10.1% | 8.2% | – |
| EPS Diluted | 3.63 | 3.65 | 4.04 | 3.74 |
| Weighted Avg Shares Out | 25,677 | 25,605 | 25,528 | 25,476 |
| Weighted Avg Shares Out Dil | 25,769 | 25,723 | 25,713 | 25,620 |
| Supplemental Information | – | – | – | – |
| Interest Income | $373,158 | $343,267 | $239,567 | $193,219 |
| Interest Expense | $176,479 | $146,232 | $36,680 | $15,131 |
| Depreciation & Amortization | $5,953 | $6,173 | $6,777 | $8,387 |
| EBITDA | $117,642 | $116,506 | $131,941 | $125,831 |
| % Margin | 27.4% | 29.6% | 46.9% | 52.9% |