Lakeland Financial (LKFN) Non Operating Interest Expenses (2010 - 2023)
Lakeland Financial's (LKFN) quarterly Non Operating Interest Expenses came in at $42.3 million in Q4 2023, up 128.68% year-over-year from $18.5 million in Q4 2022, and up 5.25% quarter-over-quarter from $40.2 million in Q3 2023.
Analysis
Lakeland Financial (LKFN) Non Operating Interest Expenses (2010 - 2023) Analysis & Trends
Lakeland Financial has disclosed Non Operating Interest Expenses across 14 years of filings, most recently posting $42.3 million for Q4 2023.
- In Q4 2023, Non Operating Interest Expenses rose 128.68% year-over-year to $42.3 million; the TTM figure through Dec 2023 stood at $146.2 million (up 298.67% YoY), while the FY2023 annual figure was $146.2 million, up 298.67% from the prior year.
- Non Operating Interest Expenses came in at $42.3 million for Q4 2023 at Lakeland Financial, up from $40.2 million in the prior quarter.
- In the past five years, Non Operating Interest Expenses ranged from a high of $42.3 million in Q4 2023 to a low of $3.2 million in Q1 2022.
- Average Non Operating Interest Expenses over 5 years is $14.4 million, with a median of $10.8 million recorded in 2020.
- Year-over-year, Non Operating Interest Expenses tumbled 62.9% in 2021 and jumped 778.28% in 2023.
- Over 5 years, Non Operating Interest Expenses stood at $13.4 million in 2019, then slumped by 61.72% to $5.1 million in 2020, then tumbled by 35.52% to $3.3 million in 2021, then soared by 458.55% to $18.5 million in 2022, then soared by 128.68% to $42.3 million in 2023.
- Per Business Quant data, the three most recent Non Operating Interest Expenses figures were $42.3 million in Q4 2023, $40.2 million in Q3 2023, and $36.0 million in Q2 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 950.85 Bn | 950.85 Bn | - | -467.75 Bn |
| 2 | Truist Financial | 61.46 Bn | 61.46 Bn | - | 224.00 Mn |
| 3 | Fifth Third Bancorp | 49.43 Bn | 25.71 Bn | - | - |
| 4 | M&T Bank | 34.72 Bn | 34.72 Bn | - | - |
| 5 | Huntington Bancshares | 33.60 Bn | 29.07 Bn | - | - |
| 6 | Citizens Financial | 29.31 Bn | 29.31 Bn | - | - |
| 7 | Regions Financial | 25.53 Bn | 25.53 Bn | - | - |
| 8 | First Citizens Bancshares | 24.60 Bn | 24.07 Bn | 29.00 Mn | - |
| 9 | Keycorp | 23.26 Bn | -24.44 Bn | - | - |
| 10 | Lakeland Financial | 1.51 Bn | 1.31 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 42.34 Mn |
| Sep 30, 2023 | 40.23 Mn |
| Jun 30, 2023 | 35.96 Mn |
| Mar 31, 2023 | 27.70 Mn |
| Dec 31, 2022 | 18.52 Mn |
| Sep 30, 2022 | 10.07 Mn |
| Jun 30, 2022 | 4.94 Mn |
| Mar 31, 2022 | 3.15 Mn |
| Dec 31, 2021 | 3.32 Mn |
| Sep 30, 2021 | 3.55 Mn |
| Jun 30, 2021 | 3.96 Mn |
| Mar 31, 2021 | 4.30 Mn |
| Dec 31, 2020 | 5.14 Mn |
| Sep 30, 2020 | 6.07 Mn |
| Jun 30, 2020 | 7.30 Mn |
| Mar 31, 2020 | 11.59 Mn |
| Dec 31, 2019 | 13.43 Mn |
| Sep 30, 2019 | 15.22 Mn |
| Jun 30, 2019 | 16.22 Mn |
| Mar 31, 2019 | 15.29 Mn |