Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. More Details
How has Lakeland Financial performed over the past 5 years?
14.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LKFN has high quality earnings.
Growing Profit Margin: LKFN's current net profit margins (43.3%) are lower than last year (43.9%).
Past Earnings Growth Analysis
Earnings Trend: LKFN's earnings have grown by 14.4% per year over the past 5 years.
Accelerating Growth: LKFN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LKFN had negative earnings growth (-5%) over the past year, making it difficult to compare to the Banks industry average (-4.4%).
Return on Equity
High ROE: LKFN's Return on Equity (12.9%) is considered low.
How experienced are the management team and are they aligned to shareholders interests?
6.8yrs
Average management tenure
CEO
David Findlay (58 yo)
6.75yrs
Tenure
US$1,581,988
Compensation
Mr. David M. Findlay has been the Chief Executive Officer and President at Lakeland Financial Corp. and its subsidiary Lake City Bank since April 8, 2014 and September 2010 respectively. Mr. Findlay served...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD1.58M) is below average for companies of similar size in the US market ($USD3.88M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Leadership Team
Name
Position
Tenure
Compensation
Ownership
David Findlay
President
6.75yrs
US$1.58m
0.76% $ 11.4m
Lisa O'Neill
Executive VP & CFO
6.75yrs
US$590.48k
0.11% $ 1.6m
Kristin Pruitt
Executive VP & Chief Administrative Officer
3.25yrs
US$660.90k
0.070% $ 1.1m
Kevin Deardorff
Retail Banking Advisor
no data
US$622.25k
0.20% $ 3.0m
Eric Ottinger
Executive Vice President of Commercial Banking
18.75yrs
US$716.31k
0.12% $ 1.8m
Brok Lahrman
Chief Accounting Officer & Senior VP of Finance
1.83yrs
no data
0.0014% $ 21.6k
Rickard Donovan
Senior VP
no data
no data
0.011% $ 161.3k
Kyra Clark
Senior VP & Chief Human Resource Officer
no data
no data
no data
Jonathan Steiner
Senior Vice President of Wealth Advisory Group & Brokerage
10.92yrs
no data
0.041% $ 623.2k
Michael Gavin
Executive VP & Chief Credit Officer
9.5yrs
US$361.53k
0.061% $ 920.3k
Stephanie Leniski
Senior VP & Retail Banking Manager
2yrs
no data
0.0089% $ 135.2k
Kirtus Murray
Senior Vice President of Consumer & Home Loans
no data
no data
no data
6.8yrs
Average Tenure
55yo
Average Age
Experienced Management: LKFN's management team is seasoned and experienced (6.8 years average tenure).
Board Members
Name
Position
Tenure
Compensation
Ownership
David Findlay
President
6.75yrs
US$1.58m
0.76% $ 11.4m
Michael Kubacki
Independent Chairman
17.5yrs
US$132.64k
0.92% $ 14.0m
Thomas Hiatt
Independent Director
14yrs
US$102.64k
0.080% $ 1.2m
M. Welch
Independent Director
23yrs
US$102.64k
0.67% $ 10.1m
Steven Ross
Independent Director
21yrs
US$102.64k
0.12% $ 1.8m
Robert Bartels
Independent Director
19yrs
US$92.64k
0.11% $ 1.7m
Emily Pichon
Independent Director
19yrs
US$92.64k
0.050% $ 754.8k
Daniel Evans
Independent Director
10.5yrs
US$102.64k
0.086% $ 1.3m
Blake Augsburger
Independent Director
9.42yrs
US$92.64k
0.065% $ 979.2k
Ronald Truex
Independent Director
10.25yrs
US$92.64k
0.099% $ 1.5m
Brian Smith
Independent Director
9.5yrs
US$107.64k
0.22% $ 3.3m
Bradley Toothaker
Independent Director
9.25yrs
US$92.64k
0.077% $ 1.2m
12.3yrs
Average Tenure
59yo
Average Age
Experienced Board: LKFN's board of directors are seasoned and experienced ( 12.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LKFN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Lakeland Financial Corporation's company bio, employee growth, exchange listings and data sources
Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. The company accepts various deposit products, such as noninterest...
Company Analysis and Financial Data Status
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2021/01/18 23:06
End of Day Share Price
2021/01/15 00:00
Earnings
2020/09/30
Annual Earnings
2019/12/31
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.