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LKFN on Nasdaq

LAKELAND FINANCIAL CORP

American state commercial bank, incorporated in Indiana1

In its 2026 annual report the company says: “The Company offers commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. The Company serves a diverse customer base, including commercial customers across a wide variety of industries including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care. The Company is not dependent upon any single industry or customer.”4 It is headquartered in Warsaw, Indiana.1 Its shares trade on Nasdaq under the symbol LKFN.1

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Last updated Oct 21, 2026.

Overview

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  • TickerLKFN on Nasdaq1
  • IndustryState Commercial Banks1
  • HeadquartersWarsaw, Indiana1
  • Incorporated inIN2
  • Business address202 E Center St, P O Box 1387, Warsaw, In 46581-13872
  • Filer categoryLarge accelerated filer2

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Lakeland Financial Corporation ("Lakeland Financial"), an Indiana corporation incorporated in 1983, is a bank holding company headquartered in Warsaw, Indiana that provides, through its wholly owned subsidiary Lake City Bank (the "Bank") and together with Lakeland Financial (the "Company"), a broad array of financial products and services throughout its Northern and Central Indiana markets. The Company offers commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. The Company serves a diverse customer base, including commercial customers across a wide variety of industries including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care. The Company is not dependent upon any single industry o…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income56789$103.4M in 2025+19% since 2019
0$50.0M$100.0M$150.0M2019: $87.0M$87.0M20192020: $84.3M$84.3M2020−3%2021: $95.7M$95.7M2021+14%2022: $103.8M$103.8M2022+8%2023: $93.8M$93.8M2023−10%2024: $93.5M$93.5M2024−0%2025: $103.4M$103.4M2025+11%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.9

Period ending2025-12-312024-12-312023-12-31
Taxable$335.9M$335.6M$304.1M
Tax exempt$1.2M$2.1M$3.9M
Taxable$14.1M$12.0M$13.2M
Tax exempt$15.7M$15.7M$16.4M
Other interest income$7.0M$7.6M$5.7M
Total interest income$373.7M$373.2M$343.3M
Interest on deposits$150.7M$172.8M$137.8M
Interest on short-term borrowings$2.0M$3.7M$8.4M
Total interest expense$152.7M$176.5M$146.2M
NET INTEREST INCOME$221.0M$196.7M$197.0M
Provision for credit losses$11.8M$16.8M$5.8M
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES$209.2M$179.9M$191.2M
Wealth advisory fees$11.4M$10.5M$9.1M
Investment brokerage fees$2.2M$1.9M$1.8M
Service charges on deposit accounts$11.5M$11.2M$10.8M
Loan and service fees$12.3M$11.8M$11.8M
Merchant and interchange fee income$3.4M$3.5M$3.7M
Bank owned life insurance income$4.3M$4.2M$3.1M
Interest rate swap fee income$83.0K$0$794.0K
Mortgage banking income (loss)$134.0K$116.0K-$254.0K
Net securities gains (losses)$0-$46.0K-$25.0K
Net gain on Visa shares$0$9.0M$0
Other income$2.8M$4.7M$9.1M
Total noninterest income$48.0M$56.8M$49.9M
Salaries and employee benefits$75.3M$66.7M$59.1M
Net occupancy expense$7.5M$6.9M$6.4M
Equipment costs$5.7M$5.6M$5.6M
Data processing fees and supplies$16.5M$15.2M$14.0M
Corporate and business development$5.3M$5.0M$4.8M
FDIC insurance and other regulatory fees$3.4M$3.5M$3.4M
Professional fees$7.7M$8.9M$8.6M
Wire fraud loss$0$0$18.1M
Other expense$10.2M$13.3M$10.8M
Total noninterest expense$131.6M$125.1M$130.7M
INCOME BEFORE INCOME TAX EXPENSE$125.6M$111.7M$110.3M
Income tax expense$22.2M$18.2M$16.6M
NET INCOME$103.4M$93.5M$93.8M
BASIC WEIGHTED AVERAGE COMMON SHARES (in shares)25.7M shares25.7M shares25.6M shares
BASIC EARNINGS PER COMMON SHARE (in USD per share)$4.02$3.64$3.67
DILUTED WEIGHTED AVERAGE COMMON SHARES (in shares)25.8M shares25.8M shares25.7M shares
DILUTED EARNINGS PER COMMON SHARE (in USD per share)$4.01$3.63$3.65

Compare LAKELAND FINANCIAL CORP with another company

Corporate structure

LAKELAND FINANCIAL CORP sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of LAKELAND FINANCIAL CORP

  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on LAKELAND FINANCIAL CORP, latest Jul 31, 2026
  • State Street Corporation Filed SCHEDULE 13G on LAKELAND FINANCIAL CORP, latest May 12, 2026 (5 filings since Oct 16, 2024)
  • BlackRock Filed SCHEDULE 13G/A on LAKELAND FINANCIAL CORP, latest Apr 24, 2026 (6 filings since Jan 25, 2022)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on LAKELAND FINANCIAL CORP, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
  • VICTORY CAPITAL MANAGEMENT INC Filed SCHEDULE 13G/A on LAKELAND FINANCIAL CORP, latest Aug 8, 2025 (4 filings since Feb 2, 2022)
  • Neuberger Berman Filed SCHEDULE 13G on LAKELAND FINANCIAL CORP, latest Jul 21, 2025 (4 filings since Feb 14, 2022)
  • LAKELAND FINANCIAL CORP Warsaw, Indiana
    • 1. Lake City Bank, Warsaw, Indiana, a banking corporation organized under the laws of the State of Subsidiary · Indiana, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What LAKELAND FINANCIAL CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$12.6M9 Dec 31, 2025$12.6M9 Dec 31, 20240%
Property and equipment, before depreciation$123.4M9 Dec 31, 2025$113.8M9 Dec 31, 2024+8.5%
Accumulated depreciation$57.9M9 Dec 31, 2025$53.3M9 Dec 31, 2024+8.6%
Property and equipment, net$65.5M9 Dec 31, 2025$60.5M9 Dec 31, 2024+8.4%
Operating-lease assets (leased space)$7.1M9 Dec 31, 2025$6.8M8 Dec 31, 2024+4.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$141.3M9 Dec 31, 2025$168.2M9 Dec 31, 2024−16.0%
Stakes in other companies (equity method)$11.4M9 Dec 31, 2025$7.6M9 Dec 31, 2024+50.0%
Loans, net of allowance$5.3B9 Dec 31, 2025$5.0B9 Dec 31, 2024+5.5%
Deposits held (banks)$6.0B9 Dec 31, 2025$5.9B9 Dec 31, 2024+1.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$5.0M9 Dec 31, 2025$5.0M9 Dec 31, 20240%

Properties, in its own words

The Company is headquartered in the main office building of the Bank at 202 E. Center Street, Warsaw, Indiana 46580. The Company operates in 62 locations, 52 of which are owned by the Bank and ten of which are leased from third parties.

None of the Company’s real property assets are the subject of any material encumbrances.

Item 2 of the 10-K filed Feb 25, 2026.4

Leadership

Who has led LAKELAND FINANCIAL CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael L. Kubacki2011–2014
  2. David M. Findlay2015–now

Chair

  1. Michael L. Kubacki2015–2016

President

  1. Michael L. Kubacki2006–2010
  2. David M. Findlay2011–2023
  3. Kristin Pruitt2024–now

Chief financial officer

  1. David M. Findlay2011–2014
  2. Lisa M. O'Neill2014–now
2010201520202025
Board members and other officers (39)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 1. Lake City Bank, Warsaw, Indiana, a banking corporation organized under the laws of the State of Indiana.3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 13, 20268-K Regulation FD disclosure58
  2. Jul 27, 20268-K Results of operations59
  3. Jul 27, 20268-K Regulation FD disclosure60
  4. Jul 14, 20268-K Regulation FD disclosure61
  5. Apr 27, 20268-K Results of operations62
  6. Apr 27, 20268-K Regulation FD disclosure63
  7. Apr 15, 20268-K Shareholder vote64
  8. Apr 14, 20268-K Regulation FD disclosure65
  9. Mar 6, 20268-K Other events66
  10. Jan 26, 20268-K Results of operations67
  11. Jan 26, 20268-K Regulation FD disclosure68
  12. Jan 15, 20268-K Executive or director change69
  13. Jan 2, 2015New chief executive David M. Findlay becomes CEO13
  14. Jan 12, 2011New chief executive Michael L. Kubacki becomes CEO14

Calendar

Coming up

  1. Oct 23, 2026Dividend Ex-dividend; $0.52 a share; paid 2026-11-05.70
  2. Oct 26, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $1.03 a share, on Oct 27, 2025.71

When it reported results

  1. Jul 27, 2026Reported quarterly or annual results59
  2. Apr 27, 2026Reported quarterly or annual results62
  3. Jan 26, 2026Reported quarterly or annual results67
  4. Oct 27, 2025Reported quarterly or annual results72
  5. Jul 25, 2025Reported quarterly or annual results73
  6. Apr 25, 2025Reported quarterly or annual results74
  7. Jan 24, 2025Reported quarterly or annual results75
  8. Oct 25, 2024Reported quarterly or annual results76

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

659 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 77 major events, 513 insider forms, 24 large holders, 25 other. The latest 20:

  1. Oct 13, 20268-K EDGAR
  2. Aug 6, 20264 EDGAR
  3. Aug 6, 20264 EDGAR
  4. Aug 6, 20264 EDGAR
  5. Aug 6, 20264 EDGAR
  6. Aug 6, 20264 EDGAR
  7. Aug 6, 20264 EDGAR
  8. Aug 6, 20264 EDGAR
  9. Aug 6, 20264 EDGAR
  10. Aug 6, 20264 EDGAR
  11. Aug 6, 20264 EDGAR
  12. Aug 5, 202610-Q EDGAR
  13. Jul 31, 2026SCHEDULE 13G EDGAR
  14. Jul 31, 20264 EDGAR
  15. Jul 27, 20268-K EDGAR
  16. Jul 27, 20268-K EDGAR
  17. Jul 14, 20268-K EDGAR
  18. Jul 10, 20264 EDGAR
  19. Jul 10, 20264 EDGAR
  20. Jul 10, 20264 EDGAR

The 659 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

94 open-market trades by officers, directors and large owners since October 2021: 26 buys and 68 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 5, 2026Robinson-Gay DonaldSenior Vice PresidentSale500$63.00$31.5KForm 4
Jul 30, 2026Clark Kyra ESenior Vice PresidentSale250$63.22$15.8KForm 4
May 29, 2026Toothaker Bradley JDirectorSale5,900$60.62$357.7KForm 4
May 6, 2026ROSS STEVEN DDirectorSale1,281$62.50$80.1KForm 4
May 5, 2026ROSS STEVEN DDirectorSale19$62.50$1.2KForm 4
May 1, 2026Ottinger Eric HExecutive Vice PresidentSale2,136$61.49$131.3KForm 4
Mar 12, 2026WELCH M SCOTTDirectorBuy10,000$56.23$562.3KForm 4
Mar 9, 2026WELCH M SCOTTDirectorBuy5,000$55.45$277.2KForm 4
Feb 27, 2026WELCH M SCOTTDirectorBuy10,000$57.95$579.5KForm 4
Feb 23, 2026Toothaker Bradley JDirectorSale5,685$58.36$331.8KForm 4
Feb 4, 2026Leniski Stephanie RExecutive Vice PresidentSale1,665$62.76$104.5KForm 4
Feb 4, 2026FINDLAY DAVID MCEOSale3,000$63.02$189.1KForm 4
Feb 2, 2026Lahrman Brok ASVP, Chief Accounting OfficerSale275$60.76$16.7KForm 4
Feb 2, 2026O'Neill Lisa MEVP & CFOSale2,900$60.74$176.1KForm 4
Sep 8, 2025BARTELS ROBERT E JRDirectorBuy296$67.77$20.1KForm 4
Aug 25, 2025Ottinger Eric HExecutive Vice PresidentSale4,635$67.07$310.9KForm 4
Jul 30, 2025Clark Kyra ESenior Vice PresidentSale300$67.00$20.1KForm 4
Jul 29, 2025O'Neill Lisa MEVP & CFOSale2,500$66.72$166.8KForm 4
May 22, 2025Truex Melinda JoDirectorBuy8,309$60.11$499.5KForm 4
May 6, 2025Leniski Stephanie RExecutive Vice PresidentSale1,000$59.51$59.5KForm 4

All 94 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.3,639,015$224.6M0.0%+102,649
Neuberger Berman Group LLC2,175,765$134.3M0.1%+10,368
State Street Corp1,428,098$88.1M0.0%+49,399
Vanguard Capital Management LLC1,065,329$65.8M0.0%−32,714
Charles Schwab Investment Management Inc940,862$58.1M0.0%+71,594
Dimensional Fund Advisors LP687,078$42.4M0.0%+14,907
Fuller & Thaler Asset Management, Inc.679,655$41.9M0.1%+351,573
Geode Capital Management, LLC661,616$40.8M0.0%+24,828
Vanguard Portfolio Management LLC598,952$37.0M0.0%+25,224
Silvercrest Asset Management Group LLC588,817$36.3M0.2%−47,300
Neumeier Poma Investment Counsel LLC497,399$30.7M2.1%+19,235
Two Sigma Investments, LP417,612$25.8M0.0%+60,971
American Century Companies Inc355,466$21.9M0.0%+239,681
Raymond James Financial Inc300,208$18.5M0.0%+3,623
Boston Trust Walden Corp293,880$18.1M0.1%−10,062
Ameriprise Financial Inc292,152$18.0M0.0%−2,696
Northern Trust Corp271,574$16.8M0.0%−47,359
Fmr LLC252,764$15.6M0.0%+22,737
Citadel Advisors LLC242,114$14.9M0.0%+52,239
Qube Research & Technologies Ltd241,188$14.9M0.0%+46,095
Nfj Investment Group, LLC232,747$14.4M0.5%−220,485
Morgan Stanley227,207$14.0M0.0%+2,997
Bank Of America Corp /de/216,625$13.4M0.0%−104,785
Timucuan Asset Management Inc/fl210,411$13.0M0.5%No change
Bank of New York Mellon Corp208,318$12.9M0.0%+3,828

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How LAKELAND FINANCIAL CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLAKELAND FINANCIAL CORP1
  • CIK0000721994
  • Employer ID (EIN)35-15595964
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inIndiana4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address202 E Center St, P O Box 1387, Warsaw, IN 46581-13871
  • Mailing address202 E Center St, Po Box 1387, Warsaw, IN 465811
  • Phone57426761441
  • Shares outstanding24,857,840 as of Jul 29, 202611
  • Public float$1.5B as of Jun 30, 20254
  • AuditorCrowe LLP, Indianapolis, Indiana PCAOB ID 173; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceMar 24, 19951
  • Filings3,256 in all: 4 (2,343), 5 (283), 8-K (264), 10-Q (94), SC 13G/A (39), DEF 14A (33), 10-K (32), 3 (31)1
    All 34 form types

    11-K (26), 4/A (23), DEFA14A (14), SC 13G (11), S-8 (8), CORRESP (7), PRE 14A (7), SCHEDULE 13G (7), 10-Q/A (4), 144 (4), ARS (4), UPLOAD (4), SCHEDULE 13G/A (3), 3/A (2), S-1/A (2), 10-K/A (1), 424B1 (1), 424B4 (1), 8-A12G (1), 8-K/A (1), DEFR14A (1), EFFECT (1), S-1 (1), S-3 (1), S-3/A (1), S-3D (1)

  • Latest filingsAnnual report (10-K) Feb 25, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Mar 5, 2026
    Latest 8-K (8-K) Oct 13, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, no par valueLKFNThe Nasdaq Stock Market, LLC

From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks LAKELAND FINANCIAL CORP names in Item 1A of its 10-K filed Feb 25, 2026: 31 risks under these headings, as written.4

  • Risks Relating to General Economic Conditions
  • A downturn in general economic or business conditions, nationally or in markets where our business is concentrated, could have an adverse effect on our business, results of operations and financial condition.
  • Monetary policies of the Federal Reserve could adversely affect our financial condition and results of operations.
  • Continued elevated levels of inflation could adversely impact our business and results of operations.
  • Interest rate shifts may reduce net interest income and otherwise negatively impact our financial condition and results of operations.
  • Labor shortages and failure to attract and retain qualified employees could negatively impact our business, results of operations and financial condition.
  • Adverse developments or concerns affecting the financial services industry or specific financial institutions could adversely affect our financial condition and results of operations.
  • Risks Relating to Our Business
  • If we do not effectively manage our credit risk, we may experience increased levels of nonperforming loans, charge offs and delinquencies, which could require further increases in our provision for credit losses.
  • If our allowance for credit losses is not sufficient to absorb losses that may occur in our loan portfolio, our financial condition and liquidity could suffer.
  • Commercial and industrial loans make up a significant portion of our loan portfolio.
  • Our loan portfolio includes commercial real estate loans, which involve risks specific to real estate value.
The other 21 risks
  • Our loan portfolio has a notable concentration in agri-business, which has a higher level of uncontrolled risk.
  • Our consumer loans generally have a higher degree of risk of default than our other loans.
  • Nonperforming assets take significant time to resolve and adversely affect our results of operations and financial condition and could result in further losses in the future.
  • Liquidity risks could affect operations and jeopardize our business, results of operations and financial condition.
  • Any action or steps to change coverages or eliminate Indiana’s Public Deposit Insurance Fund could require us to find alternative, higher-cost funding sources to replace public fund deposits or to provide for collateralization of these deposits.
  • Declines in asset values may result in impairment charges and adversely affect the value of our investment securities, financial performance and capital.
  • Risks Relating to Our Corporate Strategy
  • We may need to raise additional capital in the future to achieve our growth plans, but that capital may not be available when it is needed.
  • We may experience difficulties in managing our growth, and our growth strategy involves risks that may negatively impact our net income.
  • We face intense competition in all phases of our business from other banks, financial institutions, private credit funds and nonbank financial service providers.
  • Attractive acquisition opportunities may not be available to us in the future.
  • Risks Relating to Regulation, Tax and Accounting
  • We may be materially and adversely affected by the highly regulated environment in which we operate.
  • Regulations of the Federal Reserve could adversely affect our business, financial condition and results.
  • We are required to maintain capital to meet regulatory requirements, and, if we fail to maintain sufficient capital, whether due to losses, an inability to raise additional capital or otherwise, our financial condition, liquidity and results of operations, as well as our ability to maintain regulatory compliance, would be adversely affected.
  • We may be subject to a higher consolidated effective tax rate if there is a change in tax laws relating to LCB Investments II, Inc. or if LCB Funding, Inc. fails to qualify as a real estate investment trust.
  • Our accounting policies and methods are the basis for how we prepare our consolidated financial statements and how we report our financial condition and results of operations, and they require management to make estimates about matters that are inherently uncertain.
  • We may be adversely affected by changes in U.S. tax laws and regulations.
  • Risks Relating to our Operations
  • Our ability to attract and retain management and key personnel and any damage to our reputation may affect future growth and earnings.
  • We have a continuing need to adapt to technological change and we may not have the resources to effectively implement new technology.
  • The Company’s information systems may experience an interruption or breach in security and cyber-attacks, all of which could have a material adverse effect on the Company’s business.
  • We are subject to certain operational risks, including, but not limited to, customer or employee fraud and data processing system failures and errors.
  • The Company is and may become involved from time to time in suits, legal proceedings, information-gathering requests, investigations and proceedings by governmental and self-regulatory agencies that may lead to adverse consequences.

Legal proceedings

There are no material pending legal proceedings, other than ordinary routine litigation incidental to the business of the Company, to which Lakeland Financial or the Bank is a party or to which any of their property is subject.

The opening of Item 3, Legal Proceedings.4

Sources

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