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Lakeland Financial Corp: Overview

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Lakeland Financial Corp (Lakeland) is a bank holding company that provides commercial and retail banking, wealth advisory, and investment management solutions through its subsidiary Lake City Bank. Its retail and commercial banking portfolio includes money market accounts, savings and checking accounts; credit and debit cards; and loans for car, lines of credit, boat, truck, recreation vehicles, real estate, construction, agricultural, letters of credit, home equity, mortgage, and education. Lakeland’s wealth management services include wealth advisory, financial planning, trust services, investment policy development, grant administration and investment management, among other services. The company also provides services such as mobile and online banking, merchant, treasury management, and retirement services. It operates through a network of offices situated in Indiana, the US. Lakeland is headquartered in Warsaw, Indiana, the US.

Headquarters United States of America

Address 202 E Center St, Po Box 1387, Warsaw, Indiana, 46581-1387


Telephone 1 574 2676144

No of Employees 585

Industry Financial Services

Ticker Symbol & Exchange LKFN (NASD)

Revenue (2020) $239.9M -7.8% (2020 vs 2019)

EPS XXX

Net Income (2020) XXX -3.1% (2020 vs 2019)

Market Cap* $2.1B

Net Profit Margin (2020) XXX 5.1% (2020 vs 2019)

* As of and is in US$

Products and Services

Products Services
Accounts: Mobile Banking
Savings Online Banking
Checking Merchant Services
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2021 Corporate Changes/Expansions In August, the company's Lake City Bank announced to open its 51st branch office in the new combined Elkhart High School, California Rd, the US.
2021 Corporate Awards In May, Lake City Bank was named to KBW Bank Honor Roll of high performing banks for tenth Consecutive Year.
2021 New Products/Services In April, Lakeland launched a Next-Generation Platform for Consumers and Businesses, Lake City Bank Digital.
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Competitor Comparison

Key Parameters Lakeland Financial Corp Merchants Bancorp 1st Source Corporation First Internet Bancorp STAR Financial Group Inc
Headquarters United States of America United States of America United States of America United States of America United States of America
City Warsaw Carmel South Bend Fishers Fort Wayne
State/Province Indiana Indiana Indiana Indiana Indiana
No. of Employees 585 404 1,175 257 -
Entity Type Public Public Public Public Private
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Key Financial Charts

Sales Growth
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Net Income Growth
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Operating Margin
Operating Margin
EPS (Earnings per Share)
EPS (Earnings per Share)
Debt to Equity Ratio
Debt to Equity Ratio
Return on Assets
Return on Assets
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Executives
Name Position Board Since Age
Michael L. Kubacki Chairman Executive Board 2014 69
David M. Findlay President; Director; Chief Executive Officer Executive Board 2014 59
Lisa M. O'Neill Chief Financial Officer; Executive Vice President Senior Management 2014 53
Kristin L. Pruitt Chief Administrative Officer; General Counsel; Executive Vice President Senior Management 2017 49
Michael E. Gavin Executive Vice President; Chief Officer - Credit Senior Management 2011 65
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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