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Northern Indiana community bank (Lake City Bank) offering commercial, agricultural and retail banking.
Northern Indiana community bank (Lake City Bank) offering commercial, agricultural and retail banking.
Earns mostly from interest on loans to local businesses, farmers and property owners, funded by deposits from its branch network, with fees from payments, treasury services and trust work adding a smaller share. Commercial lending carries the bank. Headquartered in Warsaw, Indiana, it has also extended into Indianapolis.
Moat: narrow (scale, distribution). Long-standing Northern Indiana branch franchise and conservative underwriting.
Headquarters: Warsaw, Indiana, US · Founded: 1872 · Employees: 701
Size Lakeland Financial (LKFN) is a United States Financials company (Regional Banks) with a market value of $1.51B, the 1986th largest of 3,117 United States companies the cockpit tracks. Shares closed at $61.15 on 6 Nov 2026.
Performance Over six months the shares fell 0.7%, against +0.1% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 2.0% over the last twelve months (peer median +6.2%); the operating margin is 49.1% (peer median 31.5%).
Valuation It trades at 2.07× book value against a peer median of 0.92× (most expensive of 21).
Price implies The share price implies a return on equity of about 14.8%; Lakeland Financial delivers 15.4%, so the price asks less than the business earns today.
Short interest Short interest is 9.7% of the free float (15 Oct 2026).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $429M | $422M | $430M | $393M | $281M |
| Revenue growth | — | -2% | +9% | +40% | — |
| Net income | $114M | $103M | $93.5M | $93.8M | $104M |
| Free cash flow | $121M | $104M | $93.9M | $109M | $157M |
| Capital expenditure | $14.0M | $24.0M | $8.96M | $6.25M | $15.6M |
| Total debt | $108M | $191M | $6.78M | $54.7M | $302M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Lakeland Financial LKFN | $1.51B | -1% | +2% | 15% | 2.07× | 14.8% |
| 1st Source SRCE | $2.09B | +18% | +4% | 14% | 1.59× | 10.5% |
| Old National Bancorp ONB | $9.43B | +3% | +18% | 12% | 1.17× | 10.3% |
| Horizon Bancorp HBNC | $1.07B | +13% | +424% | 16% | 1.52× | 12.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LKFN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.4% | -1.3% | 2nd highest of 21 |
| 6-month return | -0.7% | +0.1% | 10th lowest of 21 |
| Return on equity | 15.4% | 10.1% | 2nd highest of 21 |
| Price / book | 2.07× | 0.92× | most expensive of 21 |
| Trailing P/E | 13.7× | 11.8× | 6th most expensive of 19 |
| ROE the price implies | 14.8% | 7.0% | 2nd most demanding of 21 |
| ROE delivered | 15.4% | 10.4% | 2nd highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Lakeland Financial LKFN | United States | $1.51B | -1% | +2% | 15% | 2.07× | 14.8% | 15.4% |
| Bank of Tianjin 1578.HK | Hong Kong | $1.52B | -22% | -4% | 5% | 0.14× | 3.3% | 5.2% |
| Jiangsu Suzhou Rural Commercial Bank 603323.SS | China | $1.50B | -1% | -7% | 11% | 0.49× | 2.3% | 10.7% |
| K Bank 279570.KS | South Korea | $1.53B | -18% | 0% | 6% | 0.93× | 5.3% | n/a |
| Amalgamated Financial AMAL | United States | $1.47B | +18% | +12% | 15% | 1.77× | 13.0% | 15.3% |
| Yibin City Commercial Bank 2596.HK | Hong Kong | $1.55B | +2% | +6% | 6% | 0.91× | 5.1% | 5.5% |
| Musashino Bank 8336.T | Japan | $1.47B | -3% | +31% | 6% | 0.82× | 6.0% | 5.8% |
| Live Oak Bancshares LOB | United States | $1.57B | -10% | +9% | 11% | 1.30× | 17.1% | 11.1% |
| CCI 7381.T | Japan | $1.44B | +7% | +49% | 7% | 0.83× | 4.1% | 7.1% |
| Keiyo Bank 8544.T | Japan | $1.58B | -1% | +19% | 6% | 0.78× | 6.9% | 5.7% |
| Jammu & Kashmir Bank J&KBANK.NS | India | $1.44B | -12% | +6% | 15% | 0.77× | 12.1% | 14.5% |
| Republic Bancorp RBCAA | United States | $1.59B | +17% | -2% | 12% | 1.52× | 10.1% | 11.5% |
| Zhejiang Shaoxing Ruifeng Rural Commercial Bank 601528.SS | China | $1.60B | +4% | -8% | 10% | 0.51× | 3.4% | 9.9% |
| Tompkins Financial TMP | United States | $1.43B | +16% | -15% | 21% | 1.52× | 11.5% | 20.9% |
| Jiangsu Zhangjiagang Rural Commercial Bank 002839.SZ | China | $1.61B | -4% | -10% | 11% | 0.54× | 2.6% | 10.6% |
| Burke Herbert Financial Services BHRB | United States | $1.41B | +10% | +14% | 10% | 1.23× | 7.1% | 10.5% |
| National Bank NBHC | United States | $1.63B | -14% | +14% | 4% | 1.01× | 9.0% | 3.6% |
| ConnectOne Bancorp CNOB | United States | $1.63B | +8% | +24% | 10% | 1.10× | 10.7% | 9.6% |
| Bank First BFC | United States | $1.64B | +1% | +33% | 12% | 1.98× | 10.9% | 11.9% |
| Jiangsu Zijin Rural Commercial Bank 601860.SS | China | $1.39B | -6% | -9% | 6% | 0.43× | 2.9% | 5.7% |
| Origin Bancorp OBK | United States | $1.64B | +14% | +5% | 10% | 1.29× | 10.1% | 10.4% |