Lakeland Financial Corp Income Statement

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Income Statement Dec2009 Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 21.20M23.95M13.80M2.55M1.15M3.00M6.40M3.23M14.77M1.08M9.38M5.85M16.75M
Revenue 102.53M114.16M114.28M112.87M121.18M132.36M137.41M151.34M171.93M191.57M200.04M209.85M222.81M244.75M246.89M253.52M
Interest income
Interest Income - Debt Securities 17.56M16.41M13.57M8.31M6.00M8.18M8.56M9.42M9.22M9.72M9.81M8.20M9.09M14.13M13.15M13.34M
Other interest income 0.06M0.12M0.15M0.07M0.06M0.04M0.06M0.35M0.35M0.91M1.49M0.37M0.55M2.21M5.70M7.63M
Interest Income - Total 116.34M123.53M121.89M114.37M107.74M117.29M122.54M138.95M165.70M198.97M215.21M193.10M193.22M239.57M343.27M373.16M
Interest expenses
Interest Expense - Deposits 32.25M28.01M27.73M24.67M15.74M13.57M15.41M18.94M27.03M44.91M57.15M29.34M14.83M36.28M137.79M172.76M
Interest Expense - Debt 2.73M2.14M1.47M1.59M1.06M1.03M1.01M1.17M1.45M1.64M1.70M0.51M0.30M0.27M8.44M3.72M
Interest Expenses 36.06M30.87M29.81M26.70M17.30M14.98M16.61M20.47M29.81M47.70M60.16M30.09M15.13M36.68M146.23M176.48M
Interest Income - Net 80.28M92.65M92.08M87.67M90.44M102.30M105.93M118.48M135.89M151.27M155.05M163.01M178.09M202.89M197.03M196.68M
Non-interest income
Interest Income - Total 59.08M68.71M78.28M85.12M90.44M102.30M105.93M117.33M132.89M144.87M151.81M148.24M177.01M193.51M191.19M179.93M
Financial Services Fees 3.54M4.30M4.91M5.88M6.40M6.80M7.46M4.80M5.48M6.34M6.83M7.47M8.75M8.64M9.08M10.47M
Service Charges 8.24M8.44M7.95M8.02M8.81M9.49M10.61M12.01M13.70M15.83M15.72M10.11M10.61M11.60M10.77M11.16M
Investment Gain (Loss) -0.31M0.00M-0.17M-0.38M0.11M-0.22M0.04M0.07M0.03M-0.05M0.14M0.43M0.80M0.02M-0.03M-0.05M
Investment Banking Income 2.08M2.02M1.71M2.81M2.56M1.20M1.65M2.05M1.75M1.71M2.04M4.51M4.38M1.03M0.29M0.56M
Income - Trust 2.98M3.25M3.46M3.82M3.85M4.07M4.53M4.80M5.48M
Mortgage Banking 1.70M1.59M1.00M2.55M1.43M0.62M1.18M1.59M0.98M1.15M1.63M3.91M1.42M0.63M-0.25M0.12M
Card Income 2.46M1.08M0.96M1.13M1.26M1.55M1.84M2.10M2.28M2.46M2.64M2.41M3.02M3.56M3.65M3.54M
Other Non-Interest Income 1.87M-11.74M6.83M5.92M4.05M4.68M3.17M2.21M2.63M6.11M2.86M3.56M2.73M1.87M9.14M4.67M
Non-Interest Income 22.24M21.51M22.20M25.20M30.74M30.05M31.48M32.86M36.04M40.30M45.00M46.84M44.72M41.86M49.86M56.84M
Operating Items
Amortization - Intangibles 2.42M2.71M2.76M2.80M3.12M3.28M3.35M3.88M5.10M6.08M7.13M8.58M13.03M19.55M16.40M15.71M
Depreciation & Amortization - Total 2.15M2.09M2.20M2.57M2.83M3.23M3.60M3.85M4.63M5.24M5.52M5.77M5.53M5.76M5.63M5.61M
Research & Development 3.94M3.93M3.65M4.38M5.63M6.17M7.59M8.15M8.23M9.69M10.41M11.86M12.67M12.83M14.00M15.16M
Wages, Salaries and Other 27.77M30.38M32.81M34.54M37.18M38.65M38.92M41.66M45.31M47.65M48.74M49.41M57.88M58.53M59.15M66.73M
Rent Expense 3.21M2.90M3.11M3.30M3.38M3.78M3.82M4.27M4.59M5.15M5.29M5.85M5.73M6.29M6.36M6.87M
Other Operating Expenses 44.18M44.52M46.14M47.50M50.94M52.99M53.20M56.71M61.84M66.15M68.20M67.72M80.36M85.33M104.72M97.45M
Operating Expenses 53.48M53.44M55.10M57.74M62.78M66.17M68.21M72.98M79.30M86.23M89.42M91.20M104.29M110.21M130.71M125.08M
Operating Income 31.37M20.78M22.55M21.81M
EBIT 63.91M67.65M75.19M79.27M75.69M81.17M85.81M97.69M31.37M20.78M22.55M21.81M132.57M161.84M256.56M288.17M
Non-operating items
Other Non Operating Income 0.19M0.17M0.19M0.12M
Net income details
EBT 27.85M36.78M45.38M52.58M58.40M66.19M69.20M77.22M89.63M98.94M107.39M103.88M117.44M125.16M110.33M111.69M
Tax Provisions 8.87M12.24M14.72M17.18M19.56M22.39M22.83M25.13M32.30M18.53M20.34M19.54M21.71M21.35M16.57M18.21M
Profit After Tax 18.98M24.54M30.66M35.39M38.84M43.80M46.37M52.08M57.33M80.41M87.05M84.34M95.73M103.82M93.77M93.48M
Equity Income 9.00M
Income from Continuing Operations 18.98M24.54M30.66M35.39M38.84M43.80M46.37M52.08M57.33M80.41M87.05M84.34M95.73M103.82M93.77M93.48M
Consolidated Net Income 18.98M24.54M30.66M35.39M38.84M43.80M46.37M52.08M57.33M80.41M87.05M84.34M95.73M103.82M93.77M93.48M
Income towards Parent Company 18.98M24.54M30.66M35.39M38.84M43.80M46.37M52.08M57.33M80.41M87.05M84.34M95.73M103.82M93.77M93.48M
Preferred Dividend Payments 2.69M3.19M
Net Income towards Common Stockholders 16.29M21.36M30.66M35.39M38.84M43.80M46.37M52.08M57.33M80.41M87.05M84.34M95.73M103.82M93.77M93.48M
Additional items
EPS (Basic) 1.271.321.892.172.361.771.862.082.283.183.403.313.764.073.673.64
EPS (Weighted Average and Diluted) 1.261.321.882.152.331.741.842.052.233.133.383.303.744.043.653.63
Shares Outstanding (Weighted Average) 25.19M25.30M25.62M25.71M
Tax Rate 31.85%33.27%32.43%32.68%33.49%33.82%33.00%32.55%36.04%18.73%18.94%18.81%18.49%17.06%15.01%16.31%