Lakeland Financial Corporation

Lakeland Financial Corporationverified

LKFN

Price:

$66.38

Market Cap:

$1.69B

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. 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-family residential, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans. The company also offers retail and merchant credit card services; corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, s...[Read more]

Industry

Banks - Regional

IPO Date

1997-08-14

Stock Exchange

NASDAQ

Ticker

LKFN

The Current Ratio as of September 2024 (TTM) for Lakeland Financial Corporation (LKFN) is 0.12

According to Lakeland Financial Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.12. This represents a change of -20.18% compared to the average of 0.15 of the last 4 quarters.

Lakeland Financial Corporation (LKFN) Historical Current Ratio (quarterly & annually)

How has LKFN Current Ratio performed in the past?

The mean historical Current Ratio of Lakeland Financial Corporation over the last ten years is 161.59. The current 0.12 Current Ratio has changed -92.66% with respect to the historical average. Over the past ten years (40 quarters), LKFN's Current Ratio was at its highest in in the March 2022 quarter at 875.82. The Current Ratio was at its lowest in in the December 2023 quarter at 0.04.

Quarterly (TTM)
Annual

Average

161.59

Median

45.59

Minimum

0.04

Maximum

801.63

Lakeland Financial Corporation (LKFN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Lakeland Financial Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 376.01%

Maximum Annual Current Ratio = 801.63

Minimum Annual Increase = -99.99%

Minimum Annual Current Ratio = 0.04

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.04-99.99%
2022421.78-47.38%
2021801.63376.01%
2020168.41170.29%
201962.31165.94%
201823.43-50.47%
201747.31135.56%
201620.08-54.23%
201543.8762.16%
201427.0551.32%

Lakeland Financial Corporation (LKFN) Average Current Ratio

How has LKFN Current Ratio performed in the past?

The current Current Ratio of Lakeland Financial Corporation (LKFN) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

407.82

5-year avg

290.83

10-year avg

161.59

Lakeland Financial Corporation (LKFN) Current Ratio vs. Peers

How is LKFN’s Current Ratio compared to its peers?

Lakeland Financial Corporation’s Current Ratio is less than Home Bancorp, Inc. (0), greater than Heritage Financial Corporation (0.11), greater than First Northwest Bancorp (0.03), greater than HomeTrust Bancshares, Inc. (0.06), greater than Lake Shore Bancorp, Inc. (0.10), less than Heritage Commerce Corp (0.21), less than German American Bancorp, Inc. (0.20), less than Mercantile Bank Corporation (0.24), greater than Finward Bancorp (0.05), greater than Community West Bancshares (0.09), greater than First Financial Northwest, Inc. (0.05), greater than Northfield Bancorp, Inc. (Staten Island, NY) (0.05), greater than The First Bancshares, Inc. (0.10), less than Independent Bank Corporation (82.89), less than First Financial Bancorp. (0.22), less than null (0.14),

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