Lakeland Financial (LKFN) Financial Statements & Analysis

Lakeland Financial (LKFN) Income Statement

Lakeland Financial reported revenue of $268.99M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 37.4% from $430.00M a year earlier. Net income was $103.36M, up 10.6% year over year, a net margin of 38.4%. Gross margin was 95.6% and operating margin 46.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $107.72M, up 70.0% from the same quarter a year earlier.

Lakeland Financial Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Lakeland Financial Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	268.99	430.00	241.04	235.37	221.73	228.08	249.80	229.59	193.51
Cost of Revenue	164.52	193.23	152.08	46.06	16.21	44.87	63.40	54.10	32.81
Gross Profit	257.19	236.77	241.04	235.37	221.73	183.22	186.40	175.49	160.70
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	78.65	70.19	34.58	31.36	31.00	54.21	53.75	54.41	51.85
Operating Expenses	131.61	125.08	130.71	110.21	104.29	79.34	79.02	76.54	71.07
Operating Income	125.58	111.69	110.33	125.16	117.44	103.88	107.39	98.94	89.63
Other Income/Expense
Interest Income	373.74	373.16	343.27	239.57	193.22	193.10	215.21	198.97	165.70
Interest Expense	152.72	176.48	146.23	36.68	15.13	30.10	60.16	47.70	29.81
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	125.58	111.69	110.33	125.16	117.44	103.88	107.39	98.94	89.63
Income Tax Expense	22.22	18.21	16.57	21.35	21.71	19.54	20.34	18.53	32.30
Net Income	103.36	93.48	93.77	103.82	95.73	84.34	87.05	80.41	57.33
Net Income - Continuous Operations	103.36	93.48	93.77	103.82	95.73	84.34	87.05	80.41	57.33
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	9.99	117.64	11.09	13.12	13.35	110.69	113.84	105.10	95.35
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	5.98	5.95	6.17	6.78	8.39	6.81	6.46	6.16	5.72
Earnings Per Share
Basic EPS	4.00	4.00	4.00	4.00	4.00	3.00	3.00	3.00	2.00
Diluted EPS	4.00	4.00	4.00	4.00	4.00	3.00	3.00	3.00	2.00
Basic Shares Outstanding	25.69	25.68	25.60	25.53	25.48	25.47	25.59	25.29	25.18
Diluted Shares Outstanding	25.80	25.77	25.72	25.71	25.62	25.57	25.76	25.73	25.66

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Lakeland Financial Financial Statements

What was Lakeland Financial's revenue in fiscal 2025?

Lakeland Financial reported revenue of $268.99M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 37.4% from $430.00M a year earlier.

Is Lakeland Financial profitable?

Yes. Lakeland Financial earned net income of $103.36M in fiscal 2025, a net margin of 38.4%. In fiscal 2024 it earned $93.48M.

What is Lakeland Financial's operating margin?

Lakeland Financial's operating income was $125.58M on revenue of $268.99M in fiscal 2025, an operating margin of 46.7%, compared with 26.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition