MARKETS / NASDAQ / LKFN

NASDAQ · STATE COMMERCIAL BANKS · LARGE CAP

Lakeland Financial Corp. LKFN

17 fiscal years on record · USD · FY2025 reported · SEC filings only

10 YEARS OF DIVIDEND GROWTH

Net income

$103.4M

▲ 10.6% YoY

Free cash flow

$103.8M

▲ 10.6% YoY

In brief

What this company does

The Company offers commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. At December 31, 2025, Lakeland Financial had consolidated total assets of $7.0 billion. The Bank was originally organized in 1872 and has continuously operated under the laws of the State of Indiana since its organization. As of December 31, 2025, the Bank had 55 offices in fifteen counties, including 46 offices in Northern Indiana and nine offices in Central Indiana, in the Indianapolis market. The Bank’s activities cover all traditional facets of community banking, including deposit products, commercial and consumer lending, retail and merchant credit card services, corporate treasury management services, private banking, and wealth advisory, trust and brokerage services.

Written from the business description in Lakeland Financial Corporation's annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

—

Revenue, FY2025 · full 17-year series below

Revenue $M Net income $M

FY2018 · Revenue 1.0 · Net income 80.4

Compound annual growth

Net income

−0.1%

+4.2%

+8.3%

+10.1%

EPS, diluted

−0.2%

+4.0%

+8.1%

Dividend / share

+7.7%

+10.8%

+12.2%

Returned to shareholders

+20.1%

+11.8%

+16.4%

+14.1%

3 yrs

5 yrs

10 yrs

15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

—

Operating margin Net margin

FY2018 · Net 8163.6%

ROE

FY2025 · ROE 14.3%

Gross margin—

Operating margin—

Net margin—

Return on assets1.5%

EBITDAUSD 131.6M

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders

USD 71.8M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 103.8

Net buybacks $M Dividends $M

FY2025 · Dividends 51.4 · Net buybacks 20.4

Dividends paidUSD 51.4M

Net buybacksUSD 20.4M

Share of profit69.5%

Consecutive raises10 years (since the 2015 share-count change)

USD 51.4M in dividends and USD 20.4M in buybacks — 69% of the year's profit went back to shareholders.

Total assetsUSD 7.0B

EquityUSD 762.4M

CashUSD 141.3M

DepositsUSD 6.0B

Equity funds 11% of total assets.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	·	·	·	·	·	·	·	0.0	0.0	0.0	·	·	·	·	·	·	·
Operating income $B	0.1	0.1	0.1	0.1	0.1	0.1	0.1	·	·	·	·	·	·	·	·	·	·
EBITDA $B	0.1	0.1	0.1	0.1	0.1	0.1	0.1	·	·	·	·	·	·	·	·	·	·
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.1	0.1	0.1	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.1	0.0	0.0	0.0	0.0
EPS, diluted $	4.01	3.63	3.65	4.04	3.74	3.30	3.38	3.13	2.23	2.05	1.84	1.74	2.33	2.15	1.88	1.32	1.26
Dividend / sh $	2.00	1.92	1.84	1.60	1.36	1.20	1.16	1.00	0.85	0.73	0.63	0.55	0.57	0.83	0.62	0.62	0.62
Payout %	50	53	50	39	36	36	34	31	37	35	34	31	24	39	33	41	41
ROE %	14.3	14.0	15.4	16.3	14.1	13.4	15.5	16.2	12.8	12.7	12.3	12.8	12.5	12.4	11.8	9.3	6.8
Shares out B	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.02	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityState Commercial Banks

Listed onNASDAQ

Incorporated inIndiana

Fiscal year endsDecember 31

Data on record since2009