Lakeland Financial Corp income statement
In fiscal 2025, Lakeland Financial Corp reported revenue of $269m, up 6.1% on the year before and net income of $103m, or $4.01 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 103 | 114 | 114 | 113 | 121 | 132 | 137 | 151 | 172 | 192 | 200 | 210 | 223 | 245 | 247 | 254 | 269 | 283 |
| Interest expense | 36 | 31 | 30 | 27 | 17 | 15 | 17 | 20 | 30 | 48 | 60 | 30 | 15 | 37 | 146 | — | — | — |
| Net interest income | 80 | 93 | 92 | 88 | 90 | 102 | 106 | 118 | 136 | 151 | 155 | 163 | 178 | 203 | 197 | 197 | 221 | 233 |
| Non-interest income | 22 | 22 | 22 | 25 | 31 | 30 | 31 | 33 | 36 | 40 | 45 | 47 | 45 | 42 | 50 | 57 | 48 | 50 |
| Non-interest expense | 53 | 53 | 55 | 58 | 63 | 66 | 68 | 73 | 79 | 86 | 89 | 91 | 104 | 110 | 131 | 125 | 132 | 139 |
| Provision for credit losses | 21 | 24 | 14 | 3 | 0 | 0 | 0 | 1 | 3 | 6 | 3 | 15 | 1 | 9 | 6 | 17 | 12 | 5 |
| Income before tax | 28 | 37 | 45 | 53 | 58 | 66 | 69 | 77 | 90 | 99 | 107 | 104 | 117 | 125 | 110 | 112 | 126 | 139 |
| Income tax | 9 | 12 | 15 | 17 | 20 | 22 | 23 | 25 | 32 | 19 | 20 | 20 | 22 | 21 | 17 | 18 | 22 | 26 |
| Net income | 19 | 25 | 31 | 35 | 39 | 44 | 46 | 52 | 57 | 80 | 87 | 84 | 96 | 104 | 94 | 93 | 103 | 114 |
| Diluted EPS | $0.84 | $0.88 | $1.25 | $1.43 | $1.55 | $1.74 | $1.84 | $2.05 | $2.23 | $3.13 | $3.38 | $3.30 | $3.74 | $4.04 | $3.65 | $3.63 | $4.01 | $4.47 |
| Diluted shares (average) | 19m | 24m | 24m | 25m | 25m | 25m | 25m | 25m | 26m | 26m | 26m | 26m | 26m | 26m | 26m | 26m | 26m | 25m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 64 | 64 | 66 | 69 | 70 | 70 | 71 | 73 |
| Net interest income | 52 | 53 | 55 | 56 | 57 | 57 | 58 | 61 |
| Non-interest income | 12 | 11 | 11 | 13 | 13 | 13 | 13 | 12 |
| Non-interest expense | 31 | 33 | 30 | 35 | 33 | 35 | 34 | 36 |
| Provision for credit losses | 4 | 7 | 3 | 2 | 0 | 2 | 2 | 1 |
| Income before tax | 29 | 24 | 33 | 32 | 36 | 33 | 35 | 36 |
| Income tax | 5 | 4 | 6 | 6 | 6 | 6 | 6 | 7 |
| Net income | 24 | 20 | 27 | 26 | 30 | 26 | 28 | 29 |
| Diluted EPS | $0.94 | $0.78 | $1.04 | $1.03 | $1.16 | $1.04 | $1.13 | $1.14 |
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