LKFN Financial Services

Lakeland Financial Corporation

$61.26-0.94%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Financial Services
Industry: Banks - Regional
Country: United States
Market cap: 1.5B USD
Full-time employees: 695

Overall health

Strength: more profitable than most peersmore profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
About average: growth

Ranks #382 of 791 banks & insurance companies (top 49%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Buybacks largely absorbed by stock pay. Stock-based pay expense $17M vs $22M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed −1.9% from December 2022 to July 2026.
Over three fiscal years Lakeland Financial recorded $17M of stock-based pay expense and spent $22M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). The share count barely moved (−1.9%), so much of the repurchasing offset new employee shares rather than shrinking the count.Over three fiscal years Lakeland Financial recorded $17M of stock-based pay expense and spent $22M repurchasing shares. The share count barely moved (−1.9%), so much of the repurchasing offset new employee shares rather than shrinking the count.

StockQuotient Score

52/ 100

Oct 5 54 → Nov 4 52 (-2)

Valuation

Is the price right?

31/100

Weak▼ 1 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 32 → 31

Share price +0.9%-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ P/B

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield50.8%

SEC filings · latest balance sheetReported value40% base weight · Z-score -1.01Sector median: 0.7950 · MAD: 0.2843

Earnings yield7.3%

SEC filings · 12 months to Jun 2026Reported value60% base weight · Z-score -0.23Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yieldUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield7.3%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported valueInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

57/100

Moderate

1/1 inputs reported · High confidence

Since last quarter: No major change

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growth20.8%

SEC filings · 12 months to Jun 2026Reported value100% base weight · Z-score 0.27Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth3.2%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth6.1%

Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

68/100

Moderate

2/2 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROE
▲ ROA

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets1.5%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.58Sector median: 0.0117 · MAD: 0.0062

Return on equity14.4%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.94Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Lakeland Financial

Is Lakeland Financial getting weaker?: Its latest SEC filing (Aug 5, 2026) got stronger: debt down 66%. Its overall score is unchanged at 52/100 since Oct 28, 2026.
How is Lakeland Financial valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 31/100 against 950 banks & insurance peers. Book yield 50.8% vs a peer median of 79.5% (weaker than 77% of peers).Book yield 50.8% vs peers 79.5% (weaker than 77% of peers).
Is Lakeland Financial growing?: At about the same pace as its peers. Growth scores 57/100 against 950 banks & insurance peers.
How profitable is Lakeland Financial?: More profitable than most of its peers. Profitability scores 68/100 against 950 banks & insurance peers. Return on equity 14.4% vs a peer median of 10.7% (stronger than 73% of peers).Return on equity 14.4% vs peers 10.7% (stronger than 73% of peers).
How risky is Lakeland Financial?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Dec 31, 2018 · filed Aug 5, 2026 · compared with the quarter ended Sep 30, 2018

Got stronger

Debt down 66%

	Previous quarter	Latest quarter	Change
Net income (12 months)	70.7M USD	111.2M USD	+57.4%
Free cash flow (12 months)	92.4M USD	111.7M USD	+20.9%
Debt	208.3M USD	71.2M USD	−65.8%
Cash	182.3M USD	194.1M USD	+6.5%
Shares outstanding	25.3M	24.9M	−1.8%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Banks - Regional · 119 companies

Valuations in Banks - Regional are within their usual range since 2016.

45% of months since 2016 were valued lower than now.
14% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +29% and earnings +32% (medians): prices and earnings moved broadly together.
Median price-to-book is −61% vs the whole market, against a usual −59%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Return on assets (ROA)	1.5%	1.6%	1.4%	1.4%	1.5%	▲ 0.1 pts
Return on equity (ROE)	13.6%	18.3%	14.4%	13.7%	13.6%	▼ 0.1 pts
Debt to equity	0.21×	1.01×	0.08×	0.00×	0.24×	—

LKFN price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

White Mountains Insurance Group, Ltd.WTM94/ 100

The Allstate CorporationALL93/ 100

PT Saratoga Investama Sedaya TbkSRTG.JK93/ 100

Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

About average: growth

Ranks #382 of 791 banks & insurance companies (top 49%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Buybacks largely absorbed by stock pay. Stock-based pay expense $17M vs $22M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed −1.9% from December 2022 to July 2026.

Over three fiscal years Lakeland Financial recorded $17M of stock-based pay expense and spent $22M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). The share count barely moved (−1.9%), so much of the repurchasing offset new employee shares rather than shrinking the count.Over three fiscal years Lakeland Financial recorded $17M of stock-based pay expense and spent $22M repurchasing shares. The share count barely moved (−1.9%), so much of the repurchasing offset new employee shares rather than shrinking the count.

Questions investors ask about Lakeland Financial

Is Lakeland Financial getting weaker?

Its latest SEC filing (Aug 5, 2026) got stronger: debt down 66%. Its overall score is unchanged at 52/100 since Oct 28, 2026.

How is Lakeland Financial valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 31/100 against 950 banks & insurance peers. Book yield 50.8% vs a peer median of 79.5% (weaker than 77% of peers).Book yield 50.8% vs peers 79.5% (weaker than 77% of peers).

Is Lakeland Financial growing?

At about the same pace as its peers. Growth scores 57/100 against 950 banks & insurance peers.

How profitable is Lakeland Financial?

More profitable than most of its peers. Profitability scores 68/100 against 950 banks & insurance peers. Return on equity 14.4% vs a peer median of 10.7% (stronger than 73% of peers).Return on equity 14.4% vs peers 10.7% (stronger than 73% of peers).

How risky is Lakeland Financial?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Net income (12 months)

70.7M USD

111.2M USD

+57.4%

Free cash flow (12 months)

92.4M USD

111.7M USD

+20.9%

Debt

208.3M USD

71.2M USD

−65.8%

Cash

182.3M USD

194.1M USD

+6.5%

Shares outstanding

25.3M

24.9M

−1.8%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Return on assets (ROA)

1.5%

1.6%

1.4%

1.5%

▲ 0.1 pts

Return on equity (ROE)

13.6%

18.3%

14.4%

13.7%

13.6%

▼ 0.1 pts

Debt to equity

0.21×

1.01×

0.08×

0.00×

0.24×

—