Lakeland Financial Corporation

NasdaqGS:LKFN Stock Report

Market Cap: US$1.7b

Lakeland Financial Management

Management criteria checks 4/4

Lakeland Financial's CEO is David Findlay, appointed in Apr 2014, has a tenure of 10.58 years. total yearly compensation is $2.05M, comprised of 33.4% salary and 66.6% bonuses, including company stock and options. directly owns 0.51% of the company’s shares, worth $8.38M. The average tenure of the management team and the board of directors is 10.6 years and 13.3 years respectively.

Key information

David Findlay

Chief executive officer

US$2.1m

Total compensation

CEO salary percentage33.4%
CEO tenure10.6yrs
CEO ownership0.5%
Management average tenure10.6yrs
Board average tenure13.3yrs

Recent management updates

Recent updates

Lakeland Financial (NASDAQ:LKFN) Has Announced A Dividend Of $0.48

Apr 14
Lakeland Financial (NASDAQ:LKFN) Has Announced A Dividend Of $0.48

Lakeland Financial Corporation Just Beat EPS By 7.8%: Here's What Analysts Think Will Happen Next

Jan 28
Lakeland Financial Corporation Just Beat EPS By 7.8%: Here's What Analysts Think Will Happen Next

Lakeland Financial (NASDAQ:LKFN) Is Paying Out A Larger Dividend Than Last Year

Jul 15
Lakeland Financial (NASDAQ:LKFN) Is Paying Out A Larger Dividend Than Last Year

Here's Why We Think Lakeland Financial (NASDAQ:LKFN) Is Well Worth Watching

Jun 09
Here's Why We Think Lakeland Financial (NASDAQ:LKFN) Is Well Worth Watching

Lakeland Financial (NASDAQ:LKFN) Is Increasing Its Dividend To $0.46

Apr 15
Lakeland Financial (NASDAQ:LKFN) Is Increasing Its Dividend To $0.46

Should You Be Adding Lakeland Financial (NASDAQ:LKFN) To Your Watchlist Today?

Mar 09
Should You Be Adding Lakeland Financial (NASDAQ:LKFN) To Your Watchlist Today?

Lakeland Financial's (NASDAQ:LKFN) Shareholders Will Receive A Bigger Dividend Than Last Year

Jan 14
Lakeland Financial's (NASDAQ:LKFN) Shareholders Will Receive A Bigger Dividend Than Last Year

Is Now The Time To Put Lakeland Financial (NASDAQ:LKFN) On Your Watchlist?

Dec 06
Is Now The Time To Put Lakeland Financial (NASDAQ:LKFN) On Your Watchlist?

Lakeland Financial goes ex-dividend tomorrow

Jul 21

I Built A List Of Growing Companies And Lakeland Financial (NASDAQ:LKFN) Made The Cut

Jun 10
I Built A List Of Growing Companies And Lakeland Financial (NASDAQ:LKFN) Made The Cut

Lakeland Financial (NASDAQ:LKFN) Is Paying Out A Larger Dividend Than Last Year

Apr 16
Lakeland Financial (NASDAQ:LKFN) Is Paying Out A Larger Dividend Than Last Year

Lakeland Financial: Strong Topline Growth Likely, But Market Price Is High

Feb 18

If You Like EPS Growth Then Check Out Lakeland Financial (NASDAQ:LKFN) Before It's Too Late

Jan 21
If You Like EPS Growth Then Check Out Lakeland Financial (NASDAQ:LKFN) Before It's Too Late

CEO Compensation Analysis

How has David Findlay's remuneration changed compared to Lakeland Financial's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$99m

Jun 30 2024n/an/a

US$101m

Mar 31 2024n/an/a

US$93m

Dec 31 2023US$2mUS$685k

US$94m

Sep 30 2023n/an/a

US$90m

Jun 30 2023n/an/a

US$93m

Mar 31 2023n/an/a

US$104m

Dec 31 2022US$2mUS$659k

US$104m

Sep 30 2022n/an/a

US$102m

Jun 30 2022n/an/a

US$98m

Mar 31 2022n/an/a

US$96m

Dec 31 2021US$2mUS$638k

US$96m

Sep 30 2021n/an/a

US$96m

Jun 30 2021n/an/a

US$95m

Mar 31 2021n/an/a

US$90m

Dec 31 2020US$2mUS$637k

US$84m

Sep 30 2020n/an/a

US$82m

Jun 30 2020n/an/a

US$81m

Mar 31 2020n/an/a

US$83m

Dec 31 2019US$2mUS$593k

US$87m

Sep 30 2019n/an/a

US$86m

Jun 30 2019n/an/a

US$85m

Mar 31 2019n/an/a

US$84m

Dec 31 2018US$2mUS$567k

US$80m

Sep 30 2018n/an/a

US$71m

Jun 30 2018n/an/a

US$66m

Mar 31 2018n/an/a

US$61m

Dec 31 2017US$2mUS$549k

US$57m

Compensation vs Market: David's total compensation ($USD2.05M) is below average for companies of similar size in the US market ($USD5.64M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


CEO

David Findlay (62 yo)

10.6yrs

Tenure

US$2,050,626

Compensation

Mr. David M. Findlay has been the Chief Executive Officer at Lakeland Financial Corp. and also serves as Chairman since November 2023 and its subsidiary Lake City Bank since April 8, 2014 and September 201...


Leadership Team

NamePositionTenureCompensationOwnership
David Findlay
Chairman & CEO10.6yrsUS$2.05m0.51%
$ 8.4m
Kristin Pruitt
President & Director1.5yrsUS$1.08m0.12%
$ 2.0m
Lisa O'Neill
Executive VP & CFO10.6yrsUS$858.08k0.15%
$ 2.5m
Rickard Donovan
Senior VPno dataUS$602.22k0.042%
$ 691.5k
Eric Ottinger
Executive VP & Chief Commercial Banking Officer22.6yrsUS$935.33k0.15%
$ 2.6m
Brok Lahrman
Chief Accounting Officer & Senior VP of Finance5.7yrsno data0.0089%
$ 147.8k
Kyra Clark
Senior VP & Chief Human Resource Officerno datano data0.028%
$ 466.7k
Jonathan Steiner
Senior VP & Chief Wealth Advisory Officer14.8yrsno data0.053%
$ 875.5k
Stephanie Leniski
Senior VP & Chief Retail Banking Officer5.8yrsno data0.047%
$ 777.0k
Kirtus Murray
Senior VP of Consumer & Home Loans and Retail Lending Managerno datano datano data
Donald Robinson-Gay
Senior VP & Chief Credit Officer1.8yrsno data0.015%
$ 254.7k
Jennifer Hurford
Senior VP & Treasurer10.6yrsno data0.031%
$ 518.7k

10.6yrs

Average Tenure

54yo

Average Age

Experienced Management: LKFN's management team is seasoned and experienced (10.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Findlay
Chairman & CEO14.2yrsUS$2.05m0.51%
$ 8.4m
Kristin Pruitt
President & Director1.5yrsUS$1.08m0.12%
$ 2.0m
M. Welch
Independent Director26.8yrsUS$114.09k0.75%
$ 12.5m
Steven Ross
Independent Director24.8yrsUS$114.09k0.11%
$ 1.8m
Robert Bartels
Independent Director22.8yrsUS$114.09k0.12%
$ 2.0m
Emily Pichon
Independent Director22.8yrsUS$124.09k0.071%
$ 1.2m
Faraz Abbasi
Independent Director2.8yrsUS$114.09k0.015%
$ 253.7k
Blake Augsburger
Lead Independent Director13.3yrsUS$126.04k0.066%
$ 1.1m
Brian Smith
Independent Director13.3yrsUS$114.09k0.26%
$ 4.3m
Bradley Toothaker
Independent Director13.1yrsUS$129.09k0.094%
$ 1.6m
Darrianne Christian
Independent Director6.1yrsUS$124.09k0.035%
$ 572.4k

13.3yrs

Average Tenure

59.5yo

Average Age

Experienced Board: LKFN's board of directors are seasoned and experienced ( 13.3 years average tenure).