Company Information

  

Address: 202 E CENTER ST
P O BOX 1387 
City: WARSAW 
State: IN 
Zip Code: 46581-1387 
Telephone: 574-267-6144 

Description of Business

Primary SIC Code: 6022
(As filed with the SEC)  

Lakeland Financial Corporation ("Lakeland Financial"), an Indiana corporation incorporated in 1983, is a bank holding company headquartered in Warsaw, Indiana that provides, through its wholly-owned subsidiary Lake City Bank (the "Bank" and together with Lakeland Financial, the "Company"), a broad array of products and services throughout its Northern and Central Indiana markets. The Company offers commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. The Company serves a wide variety of industries including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services and health care. The Company's customer base is similarly diverse. The Company is not dependent upon any single industry or customer.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20172.230.22020.57
03/20172.140.22020.15
12/20162.050.19023.10
09/20162.000.19017.71
06/20161.29NA24.36
03/20161.880.18716.23
12/20151.830.16316.95
09/20151.790.16316.78

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.51Total Liab/Total Assets0.90
Net Inc/Total Assets0.01Total Liab/Inv Cap0.95
Net Inc/Inv Cap0.01Total Liab/Comm Equity38.06
Pretax Inc/Net Sales0.45Interest Coverage Ratio51.60
Net Inc/Net Sales0.30Curr Debt/Equity0.54
Cash Flow/Net Sales0.36LTD/EquityNA
SG&A/NetSales0.42Total Debt/Equity0.54
Asset Utilization   Liquidity  
Net Receivables Turnover16.25Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E3.30  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 49.61 46.39 45.04 44.10
Cost of Goods Sold 6.24 5.44 5.02 5.03
Selling & Admin Exps 19.35 20.05 18.39 18.76
Operating Income NA NA NA NA
Interest Exp 0.76 0.62 0.38 0.33
Pretax Income 22.76 20.07 20.10 19.98
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 15.36 14.51 13.52 13.48

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 679.17 651.14 682.99 788.97
Receivables - Total 12.03 11.89 11.69 10.55
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 56.49 53.21 52.09 52.17
Total Assets 4,393.00 4,319.10 4,290.03 4,197.32
Liabilities        
Accounts Payable 4.81 5.90 5.68 5.14
Debt in Current Liabilities 275.19 144.78 230.05 60.20
Total Current Liabilities NA NA NA NA
Long-Term Debt NA NA NA NA
Total Liabilities 3,942.63 3,881.99 3,863.05 3,770.03
Stockholder's Equity        
Minority Interest 0.09 0.09 0.09 0.09
Preferred Stock NA NA NA NA
Common Stock 105.74 104.53 104.41 103.06
Retained Earnings 347.43 337.62 327.87 319.12
Treasury Stock -3.17 -3.13 -2.91 -2.88
Total Stockholders' Equity 450.37 437.11 426.98 427.29
Total Liabilities and Stockholders' Equity 4,393.00 4,319.10 4,290.03 4,197.32

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 15.17 20.76 12.73 14.69
Net Cash Provided by Investing Activities -50.70 -86.03 -215.15 -93.07
Net Cash Provided by Financing Activities 61.28 9.57 91.32 247.90

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012139.5635.391.43
12/2013138.4738.841.55
12/2014147.3443.801.74
12/2015154.0246.371.83
12/2016171.8252.082.05
Growth Rates5.3310.149.42

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1713317,50569.48




Report Date : 10/16/2017

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