Lakeland Financial Corporation (LKFN)

Nasdaq: LKFN · State Commercial Banks · Warsaw, IN · filing with the SEC since 1995

Grade6.0

◀ Past 6.6● Present 6.5▶ Future 4.2

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 25, 2026	Feb 19, 2025	Feb 21, 2024	Feb 22, 2023	Feb 23, 2022	Feb 23, 2021	Feb 24, 2020	Feb 28, 2019	Mar 1, 2018	Mar 1, 2017
Revenue	·	·	·	·	·	·	·	985	1,006	928
For lenders
Interest and dividend income	373,735	373,158	343,267	239,567	193,219	193,103	215,210	198,970	165,698	138,951
Interest expense on deposits and borrowings	152,718	176,479	146,232	36,680	·	·	·	·	·	·
Net interest income	221,017	196,679	197,035	202,887	178,088	163,008	155,047	151,271	135,892	118,481
Provision for credit losses	11,800	16,750	5,850	9,375	1,077	14,770	3,235	6,400	3,000	1,150
Net interest income after provision	209,217	179,929	191,185	193,512	177,011	148,238	151,812	144,871	132,892	117,331
Noninterest income	47,971	56,844	49,858	41,862	44,720	46,843	44,997	40,302^r	36,040^r	32,864
Noninterest expense	131,605	125,084	130,710	110,210	104,287	91,205	89,424	86,229^r	79,298^r	72,978
Interest expense	·	·	146,232	36,680	15,131	30,095	60,163	47,699	29,806	20,470
Income before income taxes	125,583	111,689	110,333	125,164	117,444	103,876	107,385	98,944	89,634	77,217
Income tax expense	22,222	18,211	16,566	21,347	21,711	19,539	20,338	18,533	32,304	25,133
Net income	103,361	93,478	93,767	103,817	95,733	84,337	87,047	80,411	57,330	52,084
Earnings per share, basic	4.02	3.64	3.67	4.07	3.76	3.31	3.40	3.18	2.28	2.08
Earnings per share, diluted	4.01	3.63	3.65	4.04	3.74	3.30	3.38	3.13	2.23	2.05
Weighted average shares, basic	25,687,159	25,676,543	25,604,751	25,528,328	25,475,994	25,469,242	25,588,404	25,288,533	25,181,208	25,056,095
Weighted average shares, diluted	25,799,047	25,769,018	25,723,165	25,712,538	25,620,105	25,573,941	25,758,893	25,727,831	25,663,381	25,460,727

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 3-for-2 split.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerIncludingAssessedTax

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLossesExpensed

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton LKFN · research, not advice