Lakeland Financial (LKFN) Operating Expenses (2010 - 2026)
Lakeland Financial (LKFN) posted Operating Expenses of $35.2 million for Q1 2026, up 5.1% sequentially from $33.4 million in Q4 2025, and up 7.29% YoY from $32.8 million in Q1 2025.
Lakeland Financial (LKFN) Operating Expenses (2010 - 2026) Analysis & Trends
Lakeland Financial has reported Operating Expenses for 17 years, with the latest figure at $35.2 million in Q1 2026.
- Quarterly Operating Expenses rose 7.29% year-over-year to $35.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $134.0 million (up 5.39% YoY) and the FY2025 annual result came in at $131.6 million, up 5.21% from the prior year.
- Operating Expenses climbed to $35.2 million in Q1 2026 per LKFN's latest filing, from $33.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $42.7 million in Q2 2023 and troughed at $27.0 million in Q1 2022.
- A 5-year average of $31.3 million and a median of $30.4 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses soared 53.1% in 2023, then fell 22.0% in 2024.
- Over 5 years, Operating Expenses stood at $27.4 million in 2022, then grew by 7.33% to $29.4 million in 2023, then advanced by 4.1% to $30.7 million in 2024, then climbed by 9.11% to $33.4 million in 2025, then grew by 5.1% to $35.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $35.2 million, $33.4 million, and $35.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 4.10 Bn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 4.43 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -3.83 Bn |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | -2.79 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | 2.60 Bn |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | -599.79 Mn |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 3.06 Bn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 2.11 Bn |
| 10 | Lakeland Financial | 1.51 Bn | 1.32 Bn | - | 34.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 34.46 Mn |
| Mar 31, 2026 | 35.15 Mn |
| Dec 31, 2025 | 33.45 Mn |
| Sep 30, 2025 | 34.97 Mn |
| Jun 30, 2025 | 30.43 Mn |
| Mar 31, 2025 | 32.76 Mn |
| Dec 31, 2024 | 30.65 Mn |
| Sep 30, 2024 | 30.39 Mn |
| Jun 30, 2024 | 33.33 Mn |
| Mar 31, 2024 | 30.71 Mn |
| Dec 31, 2023 | 29.45 Mn |
| Sep 30, 2023 | 29.10 Mn |
| Jun 30, 2023 | 42.73 Mn |
| Mar 31, 2023 | 29.43 Mn |
| Dec 31, 2022 | 27.43 Mn |
| Sep 30, 2022 | 27.89 Mn |
| Jun 30, 2022 | 27.91 Mn |
| Mar 31, 2022 | 26.97 Mn |
| Dec 31, 2021 | 24.93 Mn |
| Sep 30, 2021 | 25.97 Mn |