Lakeland Financial Management
Management criteria checks 4/4
Lakeland Financial's CEO is David Findlay, appointed in Apr 2014, has a tenure of 13.58 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 $7.56M. The average tenure of the management team and the board of directors is 10 years and 12.8 years respectively.
Key information
David Findlay
Chief executive officer
US$2.1m
Total compensation
| CEO salary percentage | 33.4% |
| CEO tenure | 10yrs |
| CEO ownership | 0.5% |
| Management average tenure | 10yrs |
| Board average tenure | 12.8yrs |
Recent management updates
Recent updates
Lakeland Financial (NASDAQ:LKFN) Has Announced A Dividend Of $0.48
Apr 14
Lakeland Financial Corporation Just Beat EPS By 7.8%: Here's What Analysts Think Will Happen Next
Jan 28Lakeland Financial (NASDAQ:LKFN) Is Paying Out A Larger Dividend Than Last Year
Jul 15Here's Why We Think Lakeland Financial (NASDAQ:LKFN) Is Well Worth Watching
Jun 09Lakeland Financial (NASDAQ:LKFN) Is Increasing Its Dividend To $0.46
Apr 15Should You Be Adding Lakeland Financial (NASDAQ:LKFN) To Your Watchlist Today?
Mar 09Lakeland Financial's (NASDAQ:LKFN) Shareholders Will Receive A Bigger Dividend Than Last Year
Jan 14Is Now The Time To Put Lakeland Financial (NASDAQ:LKFN) On Your Watchlist?
Dec 06Lakeland Financial goes ex-dividend tomorrow
Jul 21I Built A List Of Growing Companies And Lakeland Financial (NASDAQ:LKFN) Made The Cut
Jun 10Lakeland Financial (NASDAQ:LKFN) Is Paying Out A Larger Dividend Than Last Year
Apr 16Lakeland Financial: Strong Topline Growth Likely, But Market Price Is High
Feb 18If You Like EPS Growth Then Check Out Lakeland Financial (NASDAQ:LKFN) Before It's Too Late
Jan 21Should You Be Adding Lakeland Financial (NASDAQ:LKFN) To Your Watchlist Today?
Oct 11If You Like EPS Growth Then Check Out Lakeland Financial (NASDAQ:LKFN) Before It's Too Late
May 08Lakeland Financial EPS beats by $0.02, misses on revenue
Apr 26CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$2m | US$685k | US$94m |
| Sep 30 2023 | n/a | n/a | US$90m |
| Jun 30 2023 | n/a | n/a | US$93m |
| Mar 31 2023 | n/a | n/a | US$104m |
| Dec 31 2022 | US$2m | US$659k | US$104m |
| Sep 30 2022 | n/a | n/a | US$102m |
| Jun 30 2022 | n/a | n/a | US$98m |
| Mar 31 2022 | n/a | n/a | US$96m |
| Dec 31 2021 | US$2m | US$638k | US$96m |
| Sep 30 2021 | n/a | n/a | US$96m |
| Jun 30 2021 | n/a | n/a | US$95m |
| Mar 31 2021 | n/a | n/a | US$90m |
| Dec 31 2020 | US$2m | US$637k | US$84m |
| Sep 30 2020 | n/a | n/a | US$82m |
| Jun 30 2020 | n/a | n/a | US$81m |
| Mar 31 2020 | n/a | n/a | US$83m |
| Dec 31 2019 | US$2m | US$593k | US$87m |
| Sep 30 2019 | n/a | n/a | US$86m |
| Jun 30 2019 | n/a | n/a | US$85m |
| Mar 31 2019 | n/a | n/a | US$84m |
| Dec 31 2018 | US$2m | US$567k | US$80m |
| Sep 30 2018 | n/a | n/a | US$71m |
| Jun 30 2018 | n/a | n/a | US$66m |
| Mar 31 2018 | n/a | n/a | US$61m |
| Dec 31 2017 | US$2m | US$549k | US$57m |
Compensation vs Market: David's total compensation ($USD2.05M) is below average for companies of similar size in the US market ($USD5.52M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
CEO
David Findlay (61 yo)
10yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 10yrs | US$2.05m | 0.51% $ 7.6m | |
| President & Director | less than a year | US$1.08m | 0.098% $ 1.5m | |
| Executive VP & CFO | 10yrs | US$858.08k | 0.15% $ 2.2m | |
| Senior VP | no data | US$602.22k | 0.033% $ 498.1k | |
| Executive VP & Chief Commercial Banking Officer | 22yrs | US$935.33k | 0.15% $ 2.3m | |
| Chief Accounting Officer & Senior VP of Finance | 5.1yrs | no data | 0.011% $ 158.9k | |
| Senior VP & Chief Human Resource Officer | no data | no data | 0.032% $ 478.7k | |
| Senior VP & Chief Wealth Advisory Officer | 14.2yrs | no data | 0.053% $ 795.6k | |
| Senior VP & Chief Retail Banking Officer | 5.3yrs | no data | 0.029% $ 440.1k | |
| Senior VP of Consumer & Home Loans and Retail Lending Manager | no data | no data | no data | |
| Senior VP & Chief Credit Officer | 1.3yrs | no data | 0.015% $ 231.4k | |
| Senior VP & Treasurer | 10yrs | no data | 0.031% $ 471.3k |
10.0yrs
Average Tenure
53yo
Average Age
Experienced Management: LKFN's management team is seasoned and experienced (10 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 13.6yrs | US$2.05m | 0.51% $ 7.6m | |
| President & Director | less than a year | US$1.08m | 0.098% $ 1.5m | |
| Independent Director | 26.3yrs | US$132.66k | 0.75% $ 11.3m | |
| Independent Director | 24.3yrs | US$114.09k | 0.11% $ 1.6m | |
| Independent Director | 22.3yrs | US$132.66k | 0.12% $ 1.8m | |
| Independent Director | 22.3yrs | US$124.09k | 0.069% $ 1.0m | |
| Independent Director | 2.3yrs | US$114.09k | 0.013% $ 192.2k | |
| Lead Independent Director | 12.7yrs | US$126.04k | 0.064% $ 961.4k | |
| Independent Director | 12.8yrs | US$114.09k | 0.26% $ 3.9m | |
| Independent Director | 12.5yrs | US$129.09k | 0.091% $ 1.4m | |
| Independent Director | 5.5yrs | US$124.09k | 0.032% $ 481.8k |
12.8yrs
Average Tenure
58.5yo
Average Age
Experienced Board: LKFN's board of directors are seasoned and experienced ( 12.8 years average tenure).