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
03/20182.370.26019.51
12/20172.230.22021.74
09/20172.310.22021.09
06/20172.230.22020.57
03/20172.140.22020.15
12/20162.050.19023.10
09/20162.000.19017.71
06/20161.29NA24.36

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.54Total Liab/Total Assets0.90
Net Inc/Total Assets0.01Total Liab/Inv Cap0.93
Net Inc/Inv Cap0.01Total Liab/Comm Equity39.96
Pretax Inc/Net Sales0.44Interest Coverage Ratio33.24
Net Inc/Net Sales0.28Curr Debt/Equity0.32
Cash Flow/Net Sales0.38LTD/EquityNA
SG&A/NetSales0.39Total Debt/Equity0.32
Asset Utilization   Liquidity  
Net Receivables Turnover15.65Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E3.57  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 55.95 53.62 52.09 49.61
Cost of Goods Sold 9.37 8.30 7.04 6.24
Selling & Admin Exps 21.20 19.60 20.27 19.35
Operating Income NA NA NA NA
Interest Exp 0.48 0.47 0.93 0.76
Pretax Income 21.60 23.41 23.40 22.76
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 18.34 11.63 15.83 15.36

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 741.99 728.45 680.15 679.17
Receivables - Total 14.62 14.09 13.12 12.03
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 55.74 56.47 56.39 56.49
Total Assets 4,726.95 4,682.98 4,454.24 4,393.00
Liabilities        
Accounts Payable 7.48 6.31 5.44 4.81
Debt in Current Liabilities 94.72 150.68 63.89 275.19
Total Current Liabilities NA NA NA NA
Long-Term Debt NA NA NA NA
Total Liabilities 4,253.70 4,214.40 3,991.81 3,942.63
Stockholder's Equity        
Minority Interest 0.09 0.09 0.09 0.09
Preferred Stock NA NA NA NA
Common Stock 107.86 108.86 107.64 105.74
Retained Earnings 376.85 363.79 357.71 347.43
Treasury Stock -3.48 -3.41 -3.37 -3.17
Total Stockholders' Equity 473.24 468.58 462.43 450.37
Total Liabilities and Stockholders' Equity 4,726.95 4,682.98 4,454.24 4,393.00

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 25.94 24.11 17.21 15.17
Net Cash Provided by Investing Activities -61.22 -193.61 -65.72 -50.70
Net Cash Provided by Financing Activities 26.65 215.85 41.01 61.28

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013138.4738.841.55
12/2014147.3443.801.74
12/2015154.0246.371.83
12/2016171.8252.082.05
12/2017201.7157.332.23
Growth Rates9.8610.229.52

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1815718,65173.75




Report Date : 7/16/2018

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