Lakeland Financial Corporation (LKFN) news stock charts
Lakeland Financial Corporation (LKFN) Investment Summary:
The Company was incorporated under the laws of the State of Indiana on February 8, 1983. As used herein, the term “Company” refers to Lakeland Financial Corporation, or if the context dictates, Lakeland Financial Corporation and its wholly-owned subsidiary, Lake City Bank (the “Bank”), an Indiana state bank headquartered in Warsaw, Indiana. Also included in the consolidated financial statements prior to December 27, 2006 is LCB Investments, Limited, a wholly-owned subsidiary of Lake City Bank, which is a Bermuda corporation that managed a portion of the Bank’s investment portfolio. On December 27, 2006, all securities were transferred to Lake City Bank from LCB Investments, Limited. On December 18, 2006, LCB Investments II, Inc. was formed as a wholly-owned subsidiary of Lake City Bank incorporated in Nevada and it began managing a portion of the Bank’s investment portfolio in January 2007. On December 21, 2006, LCB Funding, Inc. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f03%2f0000721994-08-000069.html#FIS_BUSINESS"LAKELAND FINANCIAL CORP (LKFN:NASDAQ)
Snapshot of LAKELAND FINANCIAL CORP (LKFN)
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OPEN
$18.24
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PREVIOUS CLOSE
$18.14
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DAY HIGH
$18.70
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DAY LOW
$18.10
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52 WEEK HIGH
09/28/09 - $22.49
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52 WEEK LOW
11/13/09 - $16.35
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MARKET CAP
299.7M
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AVERAGE VOLUME 10 D
41.7K
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EPS TTM
$1.29
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SHARES OUTSTANDING
16.1M
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EX-DATE
01/21/10
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P/E TTM
14.4x
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DIVIDEND
$0.62
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DIVIDEND YIELD
3.33%
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| K = Thousands M = Millions B = Billions | ||
Key developments for LAKELAND FINANCIAL CORP (LKFN)
Lakeland Financial Corp., Annual General Meeting, Apr 13, 2010, at 16:00 US Eastern Time. Location: Fort Wayne Country Club, 5221 Covington Road, Fort Wayne, Indiana,United States. Agenda: To elect three members of the board of directors; to ratify the appointment of Crowe Horwath LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2010; to approve a non-binding, advisory proposal on the compensation of certain executive officers; and to transact such other business as may properly be brought before the meeting and any adjournments or postponements of the meeting.
Lakeland Financial Corp. Presents at ABA Community Bank Investor Conference 2010, Feb-17-2010 through Feb-18-2010. Venue: The Westin New York at Times Square Hotel, New York, New York, United States.
Lakeland Financial Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2009. The company reported net income available to common shareholders of $4.57 million for the fourth quarter of 2009. This record net income performance represents a 21% increase versus $4.4 million for the fourth quarter of 2008. Diluted net income per share for the quarter was $0.32 versus $0.35 for the comparable period of 2008. The Company's net interest margin was 3.74% in the fourth quarter versus 2.98% for the fourth quarter of 2008. This margin improvement, in conjunction with strong growth in loans, contributed to an increase of 40% in the company's net interest income to $22.5 million in the fourth quarter of 2009 versus $16.0 million in the fourth quarter of 2008. Income before income tax expense for the period was $8.05 million compared to $6.50 million for the same period previous year. Total revenue for the fourth quarter of 2009 was $27.8 million versus $21.4 million for the comparable period of 2008, an increase of 30%. For the three months ended December 31, 2009, the company reported return on average assets of 0.84% and return on average total equity of 8.58% compared to return on average assets of 0.77% and return on average total equity of 11.67% for the same period previous year. Book Value per Common Share as at December 31, 2009 was $14.06 compared to $12.17 as on same date previous year. The company reported net income available to common shareholders of $16.28 million for 2009 versus $19.7 million for 2008. Diluted net income per common share was $1.26 for 2009 versus $1.58 for 2008. Earnings per share for 2009 were impacted by the Company's participation in the U.S. Treasury Capital Purchase Program in the first quarter and the issuance of 3.6 million common shares during the fourth quarter. Income before income tax expense for the period was $27.84 million compared to $28.90 million for the same period previous year. Net interest income for the period was $80.28 million compared to $63.26 million for the same period previous year. For the year ended December 31, 2009, the company reported return on average assets of 0.78% and return on average total equity of 8.94% compared to return on average assets of 0.91% and return on average total equity of 13.04% for the same period previous year. The company also announced that the Board of Directors approved a cash dividend for the fourth quarter of $0.155 per share, payable on February 5, 2010 to shareholders of record as of January 25, 2010. The quarterly dividend is unchanged from the dividends paid in 2008 and in the first three quarters of 2009.
Lakeland Financial Corporation financial resources
LKFN Competitors
| Company | Last | Change |
| First Financial Corp/IN | $29.87 USD | +1.52 |
| First Merchants Corp | $6.25 USD | -0.10 |
| German American Bancorp Inc | $16.09 USD | -0.13 |
| MainSource Financial Group Inc | $7.24 USD | +0.38 |
| Peoples Bancorp Inc/OH | $17.34 USD | +0.36 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | LKFN | Industry Range |
| Price/Earnings | 14.8x |
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| Price/Sales | 3.2x |
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| Price/Book | 1.3x |
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| Price/Cash Flow | 15.8x |
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| TEV/Sales | NM | Not Meaningful |
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LKFN |
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LKFN transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About Lakeland Financial Corporation
LAKELAND FINANCIAL CORP Files SEC form 10-K, Annual Report
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Lakeland Financial Reports Record Quarterly Net Income
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Lakeland Financial Reports Record Quarterly Net Income
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Lakeland Financial Reports Record Quarterly Net Income
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LAKELAND FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and E
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LAKELAND FINANCIAL CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
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Lakeland Financial Reports Strong Results
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UPDATE - Lakeland Financial says offering priced at $17/shr
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LAKELAND FINANCIAL CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
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LAKELAND FINANCIAL CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
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