Lakeland Financial (LKFN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Lakeland Financial

NasdaqGS•Financial Services•Banks - Regional

$60.57+0.54(0.01%)Market closed

Market Cap

$1.52B

P/E

13.7x

P/S

3.6x

P/B

2.0x

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. It also offers loan products, including commercial and industrial, commercial real estate and multi-family residential, construction, agri-business and agricultural, consumer 1-4 family mortgage, and other commercial and consumer loans. In addition, the company provides retail and merchant credit card services; corporate treasury management services, private banking, and wealth advisory; retail brokerage services comprising financial and investment products, annuities, and life insurance; and trust and fiduciary services, and estate and financial planning consulting services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. The company was founded in 1872 and is headquartered in Warsaw, Indiana.

How this company scores

WeakMetricSide Score: 80/100

Grade capped at D — Interest coverage below 1× (0.9x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (16/25).

Profitability23/25

Growth16/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowStrong marginsRising earningsLow leverage

Grade capped at D

Interest coverage below 1× (0.9x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 13.7x5y range 13.1x – 18.9x

Currently near its 20-quarter median.

P/S · 3.6x5y range 3.4x – 7.2x

Currently near its 20-quarter median.

P/B · 2.0x5y range 1.9x – 3.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Revenue Decline

Watch

Revenue has softened, declining in 3 quarters. Watch for further erosion.

Price & Volume

Market Cap $1.52B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $427.09M
Q. Revenue: $107.72M
TTM EBITDA: $144.66M
TTM Op. Income: $135.68M
Q. Op. Income: $34.71M
TTM Net Income: $111.23M
Q. Net Income: $28.44M
EPS: $1.14
Shares Out.: $25.06M

$427.09M in TTM revenue grew 1.8% YoY, reaching $107.72M last quarter. TTM EBITDA of $144.66M and TTM operating income of $135.68M show growth is flowing through to the bottom line. TTM net income of $111.23M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 65.8%
EBITDA Margin: 33.6%
Op. Margin: 32.2%
Net Margin: 26.4%

Op. margin of 32.2% is up 1.1% YoY — cost efficiency is improving. Net margin at 26.4% and gross margin of 65.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 4% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 13.7x
P/S Ratio: 3.6x
P/B Ratio: 2.0x

At 13.7x P/E, the stock trades below typical market levels. P/S of 3.6x and P/B of 2.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 18% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.24B
Cash: $194.13M
Long-Term Debt: $1.20M
Book Value: $773.28M
D/E Ratio: 0.0
Debt/EBITDA: 0.0

With $7.24B in assets and $1.20M in long-term debt, D/E is 0.0and book value is $773.28M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 8% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $24.38M
TTM Free Cash Flow: $111.66M
FCF Margin: 26.1%
FCF / Net Income: 1.0

TTM FCF of $111.66M on $24.38M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.