Lakeland Financial Corporation (LKFN) Income Statement
LKFN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLKFN revenue and net income
Where LKFN's revenue goes
2025Each bar shows an amount and its share of revenue. LKFN kept 24.5% of revenue as net income.
LKFN profit margins
LKFN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.9% | +14.4% | +13.1% | +11.2% |
| Gross profit | +8.6% | +3.0% | +7.0% | +7.1% |
| Operating income | +12.4% | +0.1% | +3.9% | +6.1% |
| Net income | +10.6% | −0.1% | +4.2% | +8.3% |
| EPS (diluted) | +15.6% | −0.2% | +4.0% | +8.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LKFN quarterly EPS vs estimates
Lakeland Financial beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 26, 2026 (estimate $1.08).
LKFN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $421.7M | $430.0M | $343.3M | $281.4M | $237.9M | $228.1M | $249.8M | $229.6M | $193.5M | $163.7M |
| Cost of revenue | $164.5M | $193.2M | $49.9M | $46.1M | $16.2M | $44.9M | $63.4M | $54.1M | $32.8M | $21.6M |
| Gross profit | $257.2M | $236.8M | $343.3M | $235.4M | $221.7M | $183.2M | $186.4M | $175.5M | $160.7M | $142.0M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $74.5M | $70.2M | $8.6M | $65.7M | $64.4M | $57.3M | $58.1M | $59.5M | $56.6M | $50.3M |
| Total operating expenses | $131.6M | $125.1M | $8.6M | $110.2M | $104.3M | $79.3M | $79.0M | $76.5M | $71.1M | $64.8M |
| Operating income | $125.6M | $111.7M | $110.3M | $125.2M | $117.4M | $103.9M | $107.4M | $98.9M | $89.6M | $77.2M |
| Interest income | $373.7M | $373.2M | $343.3M | $239.6M | $193.2M | $193.1M | $215.2M | $199.0M | $165.7M | $139.0M |
| Interest expense | $152.7M | $176.5M | $146.2M | $36.7M | $15.1M | $30.1M | $60.2M | $47.7M | $29.8M | $20.5M |
| Income before taxes | $125.6M | $111.7M | $110.3M | $125.2M | $117.4M | $103.9M | $107.4M | $98.9M | $89.6M | $77.2M |
| Income taxes | $22.2M | $18.2M | $16.6M | $21.3M | $21.7M | $19.5M | $20.3M | $18.5M | $32.3M | $25.1M |
| Net income | $103.4M | $93.5M | $93.8M | $103.8M | $95.7M | $84.3M | $87.0M | $80.4M | $57.3M | $52.1M |
| EBITDA | $131.6M | $117.6M | $110.3M | $131.9M | $125.8M | $110.7M | $113.8M | $105.1M | $95.4M | $82.0M |
| EPS (diluted) | $4.01 | $3.47 | $3.47 | $4.04 | $3.74 | $3.30 | $3.38 | $3.12 | $2.40 | $2.06 |
| Gross margin | 61.0% | 55.1% | 100.0% | 83.6% | 93.2% | 80.3% | 74.6% | 76.4% | 83.0% | 86.8% |
| Operating margin | 29.8% | 26.0% | 32.1% | 44.5% | 49.4% | 45.5% | 43.0% | 43.1% | 46.3% | 47.2% |
| Net margin | 24.5% | 21.7% | 27.3% | 36.9% | 40.2% | 37.0% | 34.8% | 35.0% | 29.6% | 31.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $107.7M | $104.9M | $106.6M | $107.8M | $105.9M | $101.4M | $105.2M | $106.9M | $114.2M | $103.6M | $108.2M | $99.5M |
| Cost of revenue | $38.6M | $37.2M | $36.8M | $40.8M | $42.5M | $44.4M | $45.4M | $48.8M | $53.9M | $45.1M | $42.6M | $40.6M |
| Gross profit | $69.2M | $67.7M | $69.8M | $67.0M | $63.4M | $57.0M | $59.9M | $58.1M | $60.3M | $58.5M | $65.5M | $58.8M |
| Sales, general & admin | $29.3M | $29.6M | $19.9M | $21.3M | $14.6M | $18.7M | $19.1M | $17.4M | $18.2M | $19.0M | $17.5M | $18.0M |
| Total operating expenses | $34.3M | $35.2M | $33.4M | $35.0M | $30.4M | $32.8M | $30.7M | $30.4M | $33.3M | $30.7M | $29.4M | $29.1M |
| Operating income | $34.9M | $32.6M | $36.4M | $32.1M | $32.9M | $24.2M | $29.2M | $27.7M | $26.9M | $27.8M | $36.1M | $29.7M |
| Interest income | $95.1M | $92.0M | $94.0M | $94.9M | $94.4M | $90.5M | $93.4M | $95.0M | $93.7M | $91.0M | $90.9M | $88.6M |
| Interest expense | $36.8M | $35.2M | $36.8M | $38.8M | $39.5M | $37.6M | $41.7M | $45.7M | $45.4M | $43.6M | $42.3M | $40.2M |
| Income before taxes | $34.7M | $32.6M | $36.4M | $32.1M | $32.9M | $24.2M | $29.2M | $27.7M | $26.9M | $27.8M | $36.1M | $29.7M |
| Income taxes | $6.3M | $6.1M | $6.4M | $5.7M | $6.0M | $4.2M | $5.0M | $4.4M | $4.4M | $4.4M | $6.4M | $4.5M |
| Net income | $28.4M | $26.5M | $29.9M | $26.4M | $27.0M | $20.1M | $24.2M | $23.3M | $22.5M | $23.4M | $29.6M | $25.3M |
| EBITDA | $36.4M | $34.1M | $37.5M | $33.7M | $34.5M | $25.8M | $30.3M | $29.3M | $28.5M | $29.4M | $37.2M | $31.4M |
| EPS (diluted) | $1.13 | $1.04 | $1.16 | $1.03 | $1.04 | $0.78 | $0.94 | $0.91 | $0.74 | $0.88 | $0.98 | $0.98 |
| Gross margin | 64.2% | 64.5% | 65.5% | 62.2% | 59.8% | 56.2% | 56.9% | 54.4% | 52.8% | 56.4% | 60.6% | 59.1% |
| Operating margin | 32.4% | 31.0% | 34.1% | 29.7% | 31.1% | 23.9% | 27.8% | 25.9% | 23.6% | 26.8% | 33.3% | 29.9% |
| Net margin | 26.4% | 25.2% | 28.1% | 24.5% | 25.5% | 19.8% | 23.0% | 21.8% | 19.7% | 22.6% | 27.4% | 25.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LKFN's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LKFN financial results
In fiscal year 2025 (ended December 31, 2025), Lakeland Financial reported revenue of $421.7 million, down 1.9% from the year before. It had net income of $103.4 million (up 10.6%), a net profit margin of 24.5%. Diluted earnings per share came to $4.01. Over five years revenue grew at an average rate of 13.1% a year.
See the LKFN stock overview for the latest quote and news, or the LKFN chart for price history and technical indicators.
LKFN income statement FAQ
What is Lakeland Financial's annual revenue?
Lakeland Financial reported total revenue of $421.7 million for fiscal year 2025, which ended on December 31, 2025. That was down 1.9% from $430.0 million the previous year.
Is Lakeland Financial profitable?
Yes. Lakeland Financial reported net income of $103.4 million in fiscal 2025, a net profit margin of 24.5%; its operating margin was 29.8%.
What is Lakeland Financial's gross margin?
Lakeland Financial's gross margin was 61.0% in fiscal 2025: for every $100 of revenue, Lakeland Financial kept $61 after the direct cost of its products and services.
How fast is Lakeland Financial growing?
Revenue grew 13.1% a year on average over the last five fiscal years, from $228.1 million to $421.7 million.
What are Lakeland Financial's earnings per share?
Lakeland Financial earned $4.01 per diluted share in fiscal 2025, compared with $3.47 a year earlier.
When will Lakeland Financial report its next earnings?
Lakeland Financial is expected to report results for the quarter ending September 30, 2026 on October 26, 2026 before the market opens.
When does Lakeland Financial's fiscal year end?
Lakeland Financial's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.