LKFN on Nasdaq

LAKELAND FINANCIAL CORP

American state commercial bank, incorporated in Indiana. Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerLKFN on Nasdaq1
  • IndustryState Commercial Banks1
  • HeadquartersWarsaw, Indiana1
  • Incorporated inIN2
  • Business address202 E Center St, P O Box 1387, Warsaw, In 46581-13872
  • Filer categoryLarge accelerated filer2

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 financial 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 diverse customer base, including commercial customers across 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 is not dependent upon any single industry o…3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income45678$103.4M in 2025+19% since 2019
0$50.0M$100.0M$150.0M2019: $87.0M$87.0M20192020: $84.3M$84.3M2020−3%2021: $95.7M$95.7M2021+14%2022: $103.8M$103.8M2022+8%2023: $93.8M$93.8M2023−10%2024: $93.5M$93.5M2024−0%2025: $103.4M$103.4M2025+11%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.8

Period ending2025-12-312024-12-312023-12-31
Taxable$335.9M$335.6M$304.1M
Tax exempt$1.2M$2.1M$3.9M
Taxable$14.1M$12.0M$13.2M
Tax exempt$15.7M$15.7M$16.4M
Other interest income$7.0M$7.6M$5.7M
Total interest income$373.7M$373.2M$343.3M
Interest on deposits$150.7M$172.8M$137.8M
Interest on short-term borrowings$2.0M$3.7M$8.4M
Total interest expense$152.7M$176.5M$146.2M
NET INTEREST INCOME$221.0M$196.7M$197.0M
Provision for credit losses$11.8M$16.8M$5.8M
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES$209.2M$179.9M$191.2M
Wealth advisory fees$11.4M$10.5M$9.1M
Investment brokerage fees$2.2M$1.9M$1.8M
Service charges on deposit accounts$11.5M$11.2M$10.8M
Loan and service fees$12.3M$11.8M$11.8M
Merchant and interchange fee income$3.4M$3.5M$3.7M
Bank owned life insurance income$4.3M$4.2M$3.1M
Interest rate swap fee income$83.0K$0$794.0K
Mortgage banking income (loss)$134.0K$116.0K-$254.0K
Net securities gains (losses)$0-$46.0K-$25.0K
Net gain on Visa shares$0$9.0M$0
Other income$2.8M$4.7M$9.1M
Total noninterest income$48.0M$56.8M$49.9M
Salaries and employee benefits$75.3M$66.7M$59.1M
Net occupancy expense$7.5M$6.9M$6.4M
Equipment costs$5.7M$5.6M$5.6M
Data processing fees and supplies$16.5M$15.2M$14.0M
Corporate and business development$5.3M$5.0M$4.8M
FDIC insurance and other regulatory fees$3.4M$3.5M$3.4M
Professional fees$7.7M$8.9M$8.6M
Wire fraud loss$0$0$18.1M
Other expense$10.2M$13.3M$10.8M
Total noninterest expense$131.6M$125.1M$130.7M
INCOME BEFORE INCOME TAX EXPENSE$125.6M$111.7M$110.3M
Income tax expense$22.2M$18.2M$16.6M
NET INCOME$103.4M$93.5M$93.8M
BASIC WEIGHTED AVERAGE COMMON SHARES (in shares)25.7M shares25.7M shares25.6M shares
BASIC EARNINGS PER COMMON SHARE (in USD per share)$4.02$3.64$3.67
DILUTED WEIGHTED AVERAGE COMMON SHARES (in shares)25.8M shares25.8M shares25.7M shares
DILUTED EARNINGS PER COMMON SHARE (in USD per share)$4.01$3.63$3.65

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Leadership

Who has led LAKELAND FINANCIAL CORP, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (39)

Timeline

  1. Jan 2, 2015New chief executive David M. Findlay becomes CEO12
  2. Jan 12, 2011New chief executive Michael L. Kubacki becomes CEO13

Filings

659 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 77 major events, 513 insider forms, 24 large holders, 25 other. The latest 20:

  1. Oct 13, 20268-K EDGAR
  2. Aug 6, 20264 EDGAR
  3. Aug 6, 20264 EDGAR
  4. Aug 6, 20264 EDGAR
  5. Aug 6, 20264 EDGAR
  6. Aug 6, 20264 EDGAR
  7. Aug 6, 20264 EDGAR
  8. Aug 6, 20264 EDGAR
  9. Aug 6, 20264 EDGAR
  10. Aug 6, 20264 EDGAR
  11. Aug 6, 20264 EDGAR
  12. Aug 5, 202610-Q EDGAR
  13. Jul 31, 2026SCHEDULE 13G EDGAR
  14. Jul 31, 20264 EDGAR
  15. Jul 27, 20268-K EDGAR
  16. Jul 27, 20268-K EDGAR
  17. Jul 14, 20268-K EDGAR
  18. Jul 10, 20264 EDGAR
  19. Jul 10, 20264 EDGAR
  20. Jul 10, 20264 EDGAR

The 659 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

94 open-market trades by officers, directors and large owners since October 2021: 26 buys and 68 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 5, 2026Robinson-Gay DonaldSenior Vice PresidentSale500$63.00$31.5KForm 4
Jul 30, 2026Clark Kyra ESenior Vice PresidentSale250$63.22$15.8KForm 4
May 29, 2026Toothaker Bradley JDirectorSale5,900$60.62$357.7KForm 4
May 6, 2026ROSS STEVEN DDirectorSale1,281$62.50$80.1KForm 4
May 5, 2026ROSS STEVEN DDirectorSale19$62.50$1.2KForm 4
May 1, 2026Ottinger Eric HExecutive Vice PresidentSale2,136$61.49$131.3KForm 4
Mar 12, 2026WELCH M SCOTTDirectorBuy10,000$56.23$562.3KForm 4
Mar 9, 2026WELCH M SCOTTDirectorBuy5,000$55.45$277.2KForm 4
Feb 27, 2026WELCH M SCOTTDirectorBuy10,000$57.95$579.5KForm 4
Feb 23, 2026Toothaker Bradley JDirectorSale5,685$58.36$331.8KForm 4
Feb 4, 2026Leniski Stephanie RExecutive Vice PresidentSale1,665$62.76$104.5KForm 4
Feb 4, 2026FINDLAY DAVID MCEOSale3,000$63.02$189.1KForm 4
Feb 2, 2026Lahrman Brok ASVP, Chief Accounting OfficerSale275$60.76$16.7KForm 4
Feb 2, 2026O'Neill Lisa MEVP & CFOSale2,900$60.74$176.1KForm 4
Sep 8, 2025BARTELS ROBERT E JRDirectorBuy296$67.77$20.1KForm 4
Aug 25, 2025Ottinger Eric HExecutive Vice PresidentSale4,635$67.07$310.9KForm 4
Jul 30, 2025Clark Kyra ESenior Vice PresidentSale300$67.00$20.1KForm 4
Jul 29, 2025O'Neill Lisa MEVP & CFOSale2,500$66.72$166.8KForm 4
May 22, 2025Truex Melinda JoDirectorBuy8,309$60.11$499.5KForm 4
May 6, 2025Leniski Stephanie RExecutive Vice PresidentSale1,000$59.51$59.5KForm 4

All 94 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.3,639,015$224.6M0.0%+102,649
Neuberger Berman Group LLC2,175,765$134.3M0.1%+10,368
State Street Corp1,428,098$88.1M0.0%+49,399
Vanguard Capital Management LLC1,065,329$65.8M0.0%−32,714
Charles Schwab Investment Management Inc940,862$58.1M0.0%+71,594
Dimensional Fund Advisors LP687,078$42.4M0.0%+14,907
Fuller & Thaler Asset Management, Inc.679,655$41.9M0.1%+351,573
Geode Capital Management, LLC661,616$40.8M0.0%+24,828
Vanguard Portfolio Management LLC598,952$37.0M0.0%+25,224
Silvercrest Asset Management Group LLC588,817$36.3M0.2%−47,300
Neumeier Poma Investment Counsel LLC497,399$30.7M2.1%+19,235
Two Sigma Investments, LP417,612$25.8M0.0%+60,971
American Century Companies Inc355,466$21.9M0.0%+239,681
Raymond James Financial Inc300,208$18.5M0.0%+3,623
Boston Trust Walden Corp293,880$18.1M0.1%−10,062
Ameriprise Financial Inc292,152$18.0M0.0%−2,696
Northern Trust Corp271,574$16.8M0.0%−47,359
Fmr LLC252,764$15.6M0.0%+22,737
Citadel Advisors LLC242,114$14.9M0.0%+52,239
Qube Research & Technologies Ltd241,188$14.9M0.0%+46,095
Nfj Investment Group, LLC232,747$14.4M0.5%−220,485
Morgan Stanley227,207$14.0M0.0%+2,997
Bank Of America Corp /de/216,625$13.4M0.0%−104,785
Timucuan Asset Management Inc/fl210,411$13.0M0.5%No change
Bank of New York Mellon Corp208,318$12.9M0.0%+3,828

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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