Lakeland Financial Corporation
Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-f… Read more
Lakeland Financial Corporation (LKFN) - Net Assets
Latest net assets as of December 2025: $762.49 Million USD
Based on the latest financial reports, Lakeland Financial Corporation (LKFN) has net assets worth $762.49 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.99 Billion) and total liabilities ($6.23 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $762.49 Million |
| % of Total Assets | 10.91% |
| Annual Growth Rate | 11.01% |
| 5-Year Change | 8.17% |
| 10-Year Change | 78.54% |
| Growth Volatility | 15.87 |
Lakeland Financial Corporation - Net Assets Trend (1994–2025)
This chart illustrates how Lakeland Financial Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lakeland Financial Corporation (1994–2025)
The table below shows the annual net assets of Lakeland Financial Corporation from 1994 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $762.49 Million | +11.49% |
| 2024-12-31 | $683.91 Million | +5.25% |
| 2023-12-31 | $649.79 Million | +14.22% |
| 2022-12-31 | $568.89 Million | -19.30% |
| 2021-12-31 | $704.91 Million | +7.26% |
| 2020-12-31 | $657.18 Million | +9.88% |
| 2019-12-31 | $598.10 Million | +14.64% |
| 2018-12-31 | $521.70 Million | +11.32% |
| 2017-12-31 | $468.67 Million | +9.74% |
| 2016-12-31 | $427.07 Million | +8.70% |
| 2015-12-31 | $392.90 Million | +8.72% |
| 2014-12-31 | $361.38 Million | +12.24% |
| 2013-12-31 | $321.96 Million | +8.10% |
| 2012-12-31 | $297.83 Million | +8.98% |
| 2011-12-31 | $273.29 Million | +10.60% |
| 2010-12-31 | $247.09 Million | -11.78% |
| 2009-12-31 | $280.08 Million | +86.87% |
| 2008-12-31 | $149.88 Million | +2.47% |
| 2007-12-31 | $146.27 Million | +12.35% |
| 2006-12-31 | $130.19 Million | +14.87% |
| 2005-12-31 | $113.33 Million | +11.37% |
| 2004-12-31 | $101.77 Million | +13.04% |
| 2003-12-31 | $90.02 Million | +7.32% |
| 2002-12-31 | $83.88 Million | +14.07% |
| 2001-12-31 | $73.53 Million | +13.18% |
| 2000-12-31 | $64.97 Million | +19.89% |
| 1999-12-31 | $54.19 Million | -1.82% |
| 1998-12-31 | $55.20 Million | +14.29% |
| 1997-12-31 | $48.30 Million | +14.88% |
| 1996-12-31 | $42.04 Million | +14.39% |
| 1995-12-31 | $36.75 Million | +22.97% |
| 1994-12-31 | $29.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lakeland Financial Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3438.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $788.35 Million | 103.40% |
| Common Stock | $136.97 Million | 17.96% |
| Other Comprehensive Income | $-127.14 Million | -16.68% |
| Total Equity | $762.40 Million | 100.00% |
Lakeland Financial Corporation Competitors by Market Cap
The table below lists competitors of Lakeland Financial Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sonos Inc
NASDAQ:SONO
|
$1.37 Billion |
|
L&K Engineering Suzhou Co Ltd
SHG:603929
|
$1.37 Billion |
|
Westports Holdings Berhad
PINK:WSTTF
|
$1.38 Billion |
|
Bharat Dynamics Limited
NSE:BDL
|
$1.38 Billion |
|
Nestle (Malaysia) Bhd
KLSE:4707
|
$1.37 Billion |
|
Redfin Corp
NASDAQ:RDFN
|
$1.37 Billion |
|
Shanxi Coal International Energy Group Co Ltd
SHG:600546
|
$1.37 Billion |
|
Tian Di Science & Technology Co Ltd
SHG:600582
|
$1.37 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lakeland Financial Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 683,822,000 to 762,403,000, a change of 78,581,000 (11.5%).
- Net income of 103,361,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 39,363,000.
- Other factors decreased equity by 64,143,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $103.36 Million | +13.56% |
| Other Comprehensive Income | $39.36 Million | +5.16% |
| Other Changes | $-64.14 Million | -8.41% |
| Total Change | $- | 11.49% |
Book Value vs Market Value Analysis
This analysis compares Lakeland Financial Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.91x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 32.60x to 1.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $1.73 | $56.45 | x |
| 1995-12-31 | $2.13 | $56.45 | x |
| 1996-12-31 | $2.42 | $56.45 | x |
| 1997-12-31 | $2.77 | $56.45 | x |
| 1998-12-31 | $3.16 | $56.45 | x |
| 1999-12-31 | $3.11 | $56.45 | x |
| 2000-12-31 | $3.73 | $56.45 | x |
| 2001-12-31 | $4.20 | $56.45 | x |
| 2002-12-31 | $4.69 | $56.45 | x |
| 2003-12-31 | $5.00 | $56.45 | x |
| 2004-12-31 | $5.59 | $56.45 | x |
| 2005-12-31 | $6.15 | $56.45 | x |
| 2006-12-31 | $7.01 | $56.45 | x |
| 2007-12-31 | $7.85 | $56.45 | x |
| 2008-12-31 | $8.02 | $56.45 | x |
| 2009-12-31 | $14.41 | $56.45 | x |
| 2010-12-31 | $10.16 | $56.45 | x |
| 2011-12-31 | $11.16 | $56.45 | x |
| 2012-12-31 | $12.04 | $56.45 | x |
| 2013-12-31 | $12.90 | $56.45 | x |
| 2014-12-31 | $14.35 | $56.45 | x |
| 2015-12-31 | $15.56 | $56.45 | x |
| 2016-12-31 | $16.77 | $56.45 | x |
| 2017-12-31 | $18.26 | $56.45 | x |
| 2018-12-31 | $20.27 | $56.45 | x |
| 2019-12-31 | $23.22 | $56.45 | x |
| 2020-12-31 | $25.69 | $56.45 | x |
| 2021-12-31 | $27.51 | $56.45 | x |
| 2022-12-31 | $22.12 | $56.45 | x |
| 2023-12-31 | $25.26 | $56.45 | x |
| 2024-12-31 | $26.54 | $56.45 | x |
| 2025-12-31 | $29.58 | $56.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lakeland Financial Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.56%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.51%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 9.17x
- Recent ROE (13.56%) is below the historical average (13.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 17.15% | 25.69% | 0.04x | 16.63x | $2.14 Million |
| 1995 | 15.36% | 21.38% | 0.05x | 15.47x | $1.97 Million |
| 1996 | 15.33% | 21.73% | 0.05x | 15.62x | $2.24 Million |
| 1997 | 15.53% | 12.46% | 0.08x | 16.49x | $2.67 Million |
| 1998 | 14.31% | 10.55% | 0.08x | 17.73x | $2.38 Million |
| 1999 | 15.35% | 10.23% | 0.08x | 19.19x | $2.90 Million |
| 2000 | 14.35% | 10.25% | 0.08x | 17.69x | $2.82 Million |
| 2001 | 13.75% | 11.22% | 0.08x | 15.47x | $2.76 Million |
| 2002 | 14.74% | 15.61% | 0.06x | 14.88x | $3.98 Million |
| 2003 | 15.40% | 17.60% | 0.06x | 14.12x | $4.86 Million |
| 2004 | 14.29% | 19.00% | 0.05x | 14.28x | $4.37 Million |
| 2005 | 15.85% | 18.26% | 0.06x | 14.42x | $6.62 Million |
| 2006 | 14.38% | 15.12% | 0.07x | 14.11x | $5.70 Million |
| 2007 | 13.13% | 13.97% | 0.07x | 13.60x | $4.58 Million |
| 2008 | 13.14% | 13.89% | 0.06x | 15.86x | $4.71 Million |
| 2009 | 6.78% | 13.69% | 0.05x | 9.18x | $-9.02 Million |
| 2010 | 9.94% | 17.39% | 0.05x | 10.86x | $-156.70K |
| 2011 | 11.22% | 21.83% | 0.05x | 10.58x | $3.34 Million |
| 2012 | 11.89% | 26.18% | 0.04x | 10.29x | $5.62 Million |
| 2013 | 12.07% | 29.24% | 0.04x | 9.87x | $6.65 Million |
| 2014 | 12.12% | 31.03% | 0.04x | 9.53x | $7.68 Million |
| 2015 | 11.80% | 31.67% | 0.04x | 9.59x | $7.09 Million |
| 2016 | 12.20% | 31.82% | 0.04x | 10.05x | $9.39 Million |
| 2017 | 12.23% | 29.63% | 0.04x | 9.99x | $10.47 Million |
| 2018 | 15.42% | 35.02% | 0.05x | 9.35x | $28.25 Million |
| 2019 | 14.56% | 34.85% | 0.05x | 8.27x | $27.25 Million |
| 2020 | 12.83% | 36.98% | 0.04x | 8.87x | $18.63 Million |
| 2021 | 13.58% | 40.23% | 0.04x | 9.30x | $25.25 Million |
| 2022 | 18.25% | 36.89% | 0.04x | 11.31x | $46.94 Million |
| 2023 | 14.43% | 27.32% | 0.05x | 10.04x | $28.80 Million |
| 2024 | 13.67% | 21.74% | 0.06x | 9.77x | $25.10 Million |
| 2025 | 13.56% | 24.51% | 0.06x | 9.17x | $27.12 Million |
Industry Comparison
This section compares Lakeland Financial Corporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lakeland Financial Corporation (LKFN) | $762.49 Million | 17.15% | 8.17x | $1.37 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |