Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans. The company also offers retail and merchant credit card services; corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; and mobile business banking and on-line treasury management services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. As of December 31, 2021, the company operated 51 offices in fifteen counties, including 45 offices in northern Indiana and six offices in central Indiana. Lakeland Financial Corporation was founded in 1872 and is headquartered in Warsaw, Indiana.
Revenue of Lakeland Financial Corporation (LKFN)
Revenue in 2023 (TTM): $241.04 M
According to Lakeland Financial Corporation's latest financial reports the company's current revenue (TTM) is $241.04 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Lakeland Financial Corporation
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $241.04 M | $241.04 M | $117.96 M | $110.33 M | $93.77 M |
| 2022 | $231.92 M | $231.92 M | $130.99 M | $125.16 M | $103.82 M |
| 2021 | $210.13 M | $210.13 M | $121.05 M | $117.44 M | $95.73 M |
| 2020 | $197.99 M | $197.99 M | $-1,707,000 | $103.88 M | $84.34 M |
| 2019 | $189.64 M | $189.64 M | $-638,000 | $107.39 M | $87.05 M |
| 2018 | $181.7 M | $181.7 M | $-1,701,000 | $98.94 M | $80.41 M |
| 2017 | $163.67 M | $163.67 M | $-1,798,000 | $89.63 M | $57.33 M |
| 2016 | $143.2 M | $143.2 M | $-2,001,000 | $77.22 M | $52.08 M |
| 2015 | $129.81 M | $129.81 M | $-2,044,000 | $69.2 M | $46.37 M |
| 2014 | $126.19 M | $126.19 M | $-1,936,000 | $66.19 M | $43.81 M |
| 2013 | $115.54 M | $115.54 M | $-1,813,000 | $58.4 M | $38.84 M |
| 2012 | $108.49 M | $108.49 M | $55.23 M | $52.58 M | $35.39 M |
| 2011 | $114.57 M | $114.57 M | $47.58 M | $45.38 M | $30.66 M |
| 2010 | $115.75 M | $115.75 M | $38.62 M | $36.78 M | $24.54 M |
| 2009 | $102.75 M | $102.75 M | $33.03 M | $27.85 M | $18.98 M |
| 2008 | $86.6 M | $86.6 M | $ | $28.91 M | $19.7 M |
| 2007 | $74.14 M | $74.14 M | $ | $27.58 M | $19.21 M |
| 2006 | $70.59 M | $70.59 M | $ | $28.24 M | $18.72 M |
| 2005 | $67.97 M | $67.97 M | $31.52 M | $27.44 M | $17.96 M |
| 2004 | $59.73 M | $59.73 M | $30.17 M | $21.85 M | $14.55 M |
| 2003 | $60.63 M | $60.63 M | $ | $20.69 M | $13.87 M |
| 2002 | $56.61 M | $56.61 M | $ | $18.89 M | $12.37 M |
| 2001 | $50.91 M | $50.91 M | $ | $14.86 M | $10.11 M |
| 2000 | $45.42 M | $45.42 M | $ | $13.44 M | $9.32 M |
| 1999 | $44.26 M | $44.26 M | $ | $12.4 M | $8.32 M |
| 1998 | $38.8 M | $38.8 M | $ | $11.8 M | $7.9 M |
| 1997 | $32.1 M | $32.1 M | $ | $11.4 M | $7.5 M |
| 1996 | $5.92 M | $5.92 M | $ | $9.95 M | $6.44 M |
| 1995 | $4.76 M | $4.76 M | $ | $8.71 M | $5.65 M |
| 1994 | $5.06 M | $5.06 M | $ | $8.15 M | $5.13 M |