(LKFN) Lakeland Financial - Overview

Sector: Financial Services | Industry: Banks - Regional | Exchange: NASDAQ (USA) | Market Cap: 1.427m USD | Total Return: 4.2% in 12m

Commercial Loans, Deposit Accounts, Wealth Management, Treasury Services
Total Rating 27
Safety 31
Buy Signal -0.19
Banks - Regional
Industry Rotation: +1.2
Market Cap: 1.43B
Avg Turnover: 10.9M
Risk 3d forecast
Volatility29.9%
VaR 5th Pctl4.85%
VaR vs Median-1.49%
Reward TTM
Sharpe Ratio0.13
Rel. Str. IBD32.2
Rel. Str. Peer Group9.4
Character TTM
Beta0.627
Beta Downside0.918
Hurst Exponent0.415
Drawdowns 3y
Max DD31.66%
CAGR/Max DD0.31
CAGR/Mean DD0.75
EPS (Earnings per Share) EPS (Earnings per Share) of LKFN over the last years for every Quarter: "2021-03": 0.9, "2021-06": 0.95, "2021-09": 0.94, "2021-12": 0.95, "2022-03": 0.92, "2022-06": 1, "2022-09": 1.11, "2022-12": 1.01, "2023-03": 0.94, "2023-06": 0.57, "2023-09": 0.98, "2023-12": 1.16, "2024-03": 0.91, "2024-06": 0.87, "2024-09": 0.91, "2024-12": 0.94, "2025-03": 0.78, "2025-06": 1.04, "2025-09": 1.03, "2025-12": 1.16, "2026-03": 1.04,
EPS CAGR: 4.20%
EPS Trend: 63.0%
Last SUE: 0.31
Qual. Beats: 0
Revenue Revenue of LKFN over the last years for every Quarter: 2021-03: 57.215, 2021-06: 55.761, 2021-09: 57.24, 2021-12: 55.049, 2022-03: 55.64, 2022-06: 64.114, 2022-09: 72.722, 2022-12: 95.382, 2023-03: 89.534, 2023-06: 95.983, 2023-09: 99.458, 2023-12: 108.15, 2024-03: 103.646, 2024-06: 114.175, 2024-09: 106.935, 2024-12: 105.246, 2025-03: 101.383, 2025-06: 105.871, 2025-09: 107.841, 2025-12: 106.611, 2026-03: 104.92,
Rev. CAGR: 5.14%
Rev. Trend: 74.1%
Last SUE: 0.60
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: LKFN Lakeland Financial

Lakeland Financial Corporation, headquartered in Warsaw, Indiana, serves as the holding company for Lake City Bank. Founded in 1872, the institution provides a broad range of financial services including commercial and consumer lending, wealth management, and corporate treasury services. Its business model focuses on a diverse set of industries such as agriculture, manufacturing, and healthcare, primarily serving the regional Indiana market.

As a regional bank, Lakeland Financial relies on the net interest margin-the difference between interest earned on loans and interest paid on deposits-as a primary revenue driver. Unlike larger money-center banks, regional banks often maintain deeper ties to local agri-business and commercial real estate sectors, which can lead to higher portfolio concentration in specific geographic areas. Investors may find additional insights into these regional risk factors by examining the data on ValueRay.

The companys service suite extends beyond traditional banking to include fiduciary services, estate planning, and retail brokerage. This diversified fee-income stream helps mitigate the impact of interest rate volatility on the banks total earnings profile.

Headlines to Watch Out For
  • Net interest margin fluctuations driven by Federal Reserve monetary policy shifts
  • Commercial and industrial loan demand across Indiana manufacturing sectors
  • Agricultural sector health impacts credit quality and agribusiness loan volume
  • Deposit beta levels and competition for low-cost core funding sources
  • Non-interest income growth from wealth advisory and treasury management fees
Piotroski VR-10 (Strict) 4.5
Net Income: 109.8m TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.20 > 1.0
NWC/Revenue: -1.43k% < 20% (prev -1.13k%; Δ -301.5% < -1%)
CFO/TA 0.02 > 3% & CFO 120.6m > Net Income 109.8m
Net Debt (9.39m) to EBITDA (139.9m): 0.07 < 3
Current Ratio: 0.02 > 1.5 & < 3
Outstanding Shares: last quarter (25.5m) vs 12m ago -1.20% < -2%
Gross Margin: 63.00% > 18% (prev 0.55%; Δ 6.24k% > 0.5%)
Asset Turnover: 6.10% > 50% (prev 6.24%; Δ -0.14% > 0%)
Interest Coverage Ratio: 0.89 > 6 (EBITDA TTM 139.9m / Interest Expense TTM 150.4m)
Altman Z'' -4.99
A: -0.86 (Total Current Assets 95.4m - Total Current Liabilities 6.17b) / Total Assets 7.08b
B: 0.11 (Retained Earnings 801.6m / Total Assets 7.08b)
C: 0.02 (EBIT TTM 133.9m / Avg Total Assets 6.97b)
D: 0.13 (Book Value of Equity 803.9m / Total Liabilities 6.33b)
Altman-Z'' = -4.99 = D
Beneish M -2.99
DSRI: 1.04 (Receivables 29.7m/28.8m, Revenue 425.2m/427.7m)
GMI: 0.87 (GM 63.00% / 55.00%)
AQI: 1.21 (AQ_t 0.98 / AQ_t-1 0.81)
SGI: 0.99 (Revenue 425.2m / 427.7m)
TATA: -0.00 (NI 109.8m - CFO 120.6m) / TA 7.08b)
Beneish M = -2.99 (Cap -4..+1) = A
What is the price of LKFN shares?

As of May 24, 2026, the stock is trading at USD 60.19 with a total of 102,079 shares traded.
Over the past week, the price has changed by +4.61%, over one month by +1.38%, over three months by +3.01% and over the past year by +4.23%.

Is LKFN a buy, sell or hold?

Lakeland Financial has received a consensus analysts rating of 3.60. Therefore, it is recommended to hold LKFN.

  • StrongBuy: 1
  • Buy: 1
  • Hold: 3
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the LKFN price?
Analysts Target Price 65.5 8.8%
Lakeland Financial (LKFN) - Fundamental Data Overview as of 19 May 2026
P/E Trailing = 13.4098
P/E Forward = 20.0803
P/S = 5.3251
P/B = 2.0476
P/EG = 1.4383
Revenue TTM = 425.2m USD
EBIT TTM = 133.9m USD
EBITDA TTM = 139.9m USD
Long Term Debt = 18.2m USD (from longTermDebt, last quarter)
Short Term Debt = 50.7m USD (from shortTermDebt, last quarter)
Debt = 75.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 9.39m USD (calculated: Debt 75.1m - CCE 65.7m)
Enterprise Value = 1.44b USD (1.43b + Debt 75.1m - CCE 65.7m)
Interest Coverage Ratio = 0.89 (Ebit TTM 133.9m / Interest Expense TTM 150.4m)
EV/FCF = 13.02x (Enterprise Value 1.44b / FCF TTM 110.3m)
FCF Yield = 7.68% (FCF TTM 110.3m / Enterprise Value 1.44b)
FCF Margin = 25.94% (FCF TTM 110.3m / Revenue TTM 425.2m)
Net Margin = 25.81% (Net Income TTM 109.8m / Revenue TTM 425.2m)
Gross Margin = 63.00% ((Revenue TTM 425.2m - Cost of Revenue TTM 157.4m) / Revenue TTM)
Gross Margin QoQ = 64.53% (prev 65.47%)
Tobins Q-Ratio = 0.20 (Enterprise Value 1.44b / Total Assets 7.08b)
 Interest Expense / Debt = 200.2% (Interest Expense 150.4m / Debt 75.1m)
 Taxrate = 18.67% (6.08m / 32.6m)
NOPAT = 108.9m (EBIT 133.9m * (1 - 18.67%))
Current Ratio = 0.02 (Total Current Assets 95.4m / Total Current Liabilities 6.18b)
Debt / Equity = 0.10 (Debt 75.1m / totalStockholderEquity, last quarter 748.9m)
Debt / EBITDA = 0.07 (Net Debt 9.39m / EBITDA 139.9m)
Debt / FCF = 0.09 (Net Debt 9.39m / FCF TTM 110.3m)
Total Stockholder Equity = 742.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.58% (Net Income 109.8m / Total Assets 7.08b)
RoE = 14.79% (Net Income TTM 109.8m / Total Stockholder Equity 742.2m)
RoCE = 17.61% (EBIT 133.9m / Capital Employed (Equity 742.2m + L.T.Debt 18.2m))
RoIC = 1.55% (NOPAT 108.9m / Invested Capital 7.02b)
WACC = 7.78% (E(1.43b)/V(1.50b) * Re(8.19%) + (debt cost/tax rate unavailable))
Discount Rate = 8.19% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 28.89 | Cagr: -0.41%
[DCF] Terminal Value 77.97% ; FCFF base≈103.4m ; Y1≈118.6m ; Y5≈174.5m
[DCF] Fair Price = 105.0 (EV 2.63b - Net Debt 9.39m = Equity 2.62b / Shares 24.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 62.98 | EPS CAGR: 4.20% | SUE: 0.31 | # QB: 0
Revenue Correlation: 74.05 | Revenue CAGR: 5.14% | SUE: 0.60 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.09 | Chg30d=+1.07% | Revisions=-14% | Analysts=4
EPS next Quarter (2026-09-30): EPS=1.09 | Chg30d=+0.09% | Revisions=-33% | Analysts=4
EPS current Year (2026-12-31): EPS=4.34 | Chg30d=+1.13% | Revisions=+14% | GrowthEPS=+8.3% | GrowthRev=+6.7%
EPS next Year (2027-12-31): EPS=4.53 | Chg30d=-0.07% | Revisions=-14% | GrowthEPS=+4.2% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: -33%