LKFN stock performance?

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"   
www.lakecitybank.com
Founded in 1872

LAKELAND FINANCIAL CORP (LKFN:NASDAQ)

LAST $18.62 USD
CHANGE TODAY +0.48 2.65%
VOLUME 98.8K
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of LAKELAND FINANCIAL CORP (LKFN)

OPEN
$18.24
PREVIOUS CLOSE
$18.14
DAY HIGH
$18.70
DAY LOW
$18.10
52 WEEK HIGH
09/28/09 - $22.49
52 WEEK LOW
11/13/09 - $16.35
MARKET CAP
299.7M
AVERAGE VOLUME 10 D
41.7K
EPS TTM
$1.29
SHARES OUTSTANDING
16.1M
EX-DATE
01/21/10
P/E TTM
14.4x
DIVIDEND
$0.62
DIVIDEND YIELD
3.33%
K = Thousands  M = Millions  B = Billions

Key developments for LAKELAND FINANCIAL CORP (LKFN)

Lakeland Financial Corp., Annual General Meeting, Apr 13, 2010

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

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 Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2009; Declares Quarterly Cash Dividend Payable on February 5, 2010

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

otc, otcbb, pinksheet, LKFN, ob Lakeland Financial Corporation

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
Price/Sales 3.2x
Price/Book 1.3x
Price/Cash Flow 15.8x
TEV/Sales NM Not Meaningful

LKFN

 | 

LKFN transactions

Type
Date
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

Quote: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OVERVIEW Lakeland Financial Corporation is the holding company for Lake City Bank. The Company is headquartered in Warsaw, Indiana and operates 43 offices in twelve counties in northern Indiana and a loan production office in Indianapolis, Indiana. The Company earned $19.0 million for the year 2009 versus $19.7 million for 2008, a decrease of 3.7%. The decrease was driven primarily by an $11.0 million incr...
Read article

Lakeland Financial Reports Record Quarterly Net Income

Quote: For the three months ended December 31, 2009, Lakeland Financial's tangible equity to tangible assets ratio was 8.65% compared to 6.17% for the fourth quarter of 2008 and 6.56% for the third quarter of 2009. Equity was positively impacted by the sale of common stock during the fourth quarter of 2009, resulting in net proceeds to the Company of $57.9 million. Average total capital to average assets for the quarter ended December 31, 2009 was 9.82% versus 6.56% for the fourth quarter of 2008 and 8...
Read article

Lakeland Financial Reports Record Quarterly Net Income

Quote:  In addition, regulatory expense increased by $213,000 due to higher FDIC insurance premiums, including a one-time assessment, that have been levied on all financial institutions. For the full year, non-interest expense of $53.5 million compared to $47.5 million in 2008. The Company's efficiency ratio for the fourth quarter of 2009 was 49%, compared to 59% for the fourth quarter of 2008 and 49% for the third quarter of 2009. The efficiency ratio for the full year was 52% versus 55% i...
Read article

Lakeland Financial Reports Record Quarterly Net Income

Quote:  In addition, regulatory expense increased by $213,000 due to higher FDIC insurance premiums, including a one-time assessment, that have been levied on all financial institutions. For the full year, non-interest expense of $53.5 million compared to $47.5 million in 2008. The Company's efficiency ratio for the fourth quarter of 2009 was 49%, compared to 59% for the fourth quarter of 2008 and 49% for the third quarter of 2009. The efficiency ratio for the full year was 52% versus 55% i...
Read article

Q4 2009 Lakeland Financial Earnings Release - 08:00 am ET

Quote:
Read article

LAKELAND FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and E

Quote: LAKELAND FINANCIAL CORPRequest a Trial to NEW EDGAR Online Pro Form 8-K for LAKELAND FINANCIAL CORP 25-Jan-2010Results of Operations and Financial Condition, Financial Statements and E Privacy PolicyAbout Our AdsTerms of ServiceCopyright/IP PolicySend FeedbackSEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers ...
Read article

LAKELAND FINANCIAL CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits

Quote: Item 7.01.Regulation FD Disclosure. On December 15, 2009, Lakeland Financial Corporation issued a press release announcing the closing of the sale of 125,431 shares of common stock pursuant to the underwriters' exercise of the over-allotment option, which the Company granted in connection with its previously announced underwritten public stock offering. A copy of the press release relating to the announcement is furnished as Exhibit 99.1 to this Current Report and is incorporated into this Item...
Read article

Lakeland Financial Reports Strong Results

Quote: Lakeland Financial's allowance for loan losses as of September 30, 2009 was $28.8 million, compared to $18.1 million as of September 30, 2008 and $25.1 million as of June 30, 2009. The allowance for loan losses increased to 1.48% of total loans as of September 30, 2009 versus 1.06% for the comparable period in 2008 and 1.33% as of June 30, 2009. Nonperforming assets increased to $30.0 million as of September 30, 2009 compared to $20.5 million as of June 30, 2009 and $21.1 million on September 3...
Read article

UPDATE - Lakeland Financial says offering priced at $17/shr

Quote: * Offering priced at 7 pct discount* Part of proceeds to go to banking unit* Shares down 5 pct Nov 13 (Reuters) - Bank holding company Lakeland Financial Corp (LKFN.O) said its offering of 3.5 million shares was priced at $17 a share, a discount of 7 percent to the stock's Thursday close. The company expects to close the sale of common shares on Nov. 18 and use part of the $59.5 million in proceeds for strengthening capital levels of its banking unit.Lakeland has granted the underwriters an opti...
Read article

LAKELAND FINANCIAL CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits

Quote: LAKELAND FINANCIAL CORPRequest a Trial to NEW EDGAR Online Pro Form 8-K for LAKELAND FINANCIAL CORP 13-Nov-2009Other Events, Financial Statements and Exhibits Privacy PolicyTerms of ServiceCopyright/IP PolicySend FeedbackSEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors,...
Read article

LAKELAND FINANCIAL CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits

Quote: Item 7.01.Regulation FD Disclosure. On November 18, 2009, Lakeland Financial Corporation issued a press release announcing that it completed its previously announced underwritten public stock offering by issuing 3,500,000 shares of common stock at a public offering price of $17.00 per share, for aggregate gross proceeds of $59.5 million.A copy of the press release relating to the announcement is furnished as Exhibit 99.1 to this Current Report and is incorporated into this Item 7.01 by referenc...
Read article

Would you like to leave a comment about Lakeland Financial Corporation LKFN

Besides Lakeland Financial Corporation's Stock there is more great penny stock and market information at Realpennies