US · LKFN
Lakeland Financial Corporation
- Sector
- Financial Services · Banks - Regional
- Headquarters
- Warsaw, IN 46581-1387
- Website
- lakecitybank.com
Price · as of 2025-12-31
$61.38
Market cap 1.48B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $71.55 | +16.57% |
| Intrinsic Value(DCF) | $41.46 | -32.45% |
| Graham-Dodd Method(GD) | $49.73 | -18.98% |
| Graham Formula(GF) | $25.08 | -59.14% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $11.91 | $26.25 | $11.60 | $11.13 | $9.77 |
| 2012 | $12.36 | $35.03 | $22.89 | $10.83 | $6.50 |
| 2013 | $19.70 | $24.62 | $22.09 | $15.02 | $10.10 |
| 2014 | $20.87 | $34.78 | $20.65 | $14.99 | $24.83 |
| 2015 | $23.19 | $36.22 | $21.09 | $15.41 | $21.89 |
| 2016 | $35.33 | $38.84 | $22.99 | $16.33 | $40.36 |
| 2017 | $39.28 | $50.39 | $26.54 | $17.04 | $58.15 |
| 2018 | $38.27 | $44.97 | $34.12 | $21.33 | $82.42 |
| 2019 | $32.98 | $46.14 | $26.23 | $22.80 | $56.29 |
| 2020 | $66.32 | $42.42 | $27.56 | $24.15 | $0.00 |
| 2021 | $71.01 | $39.69 | $52.73 | $25.86 | $46.37 |
| 2022 | $59.70 | $44.33 | $52.06 | $18.42 | $103.86 |
| 2023 | $62.50 | $57.12 | $191.33 | $15.89 | $168.49 |
| 2024 | $60.27 | $43.38 | $152.44 | $15.84 | $62.33 |
| 2025 | $58.67 | $71.55 | $36.78 | $49.73 | $25.08 |
AI valuation
Our deep-learning model estimates Lakeland Financial Corporation's (LKFN) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $71.55
- Current price
- $61.38
- AI upside
- +16.57%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$41.46
-32.45% upside
Graham-Dodd
$49.73
-18.98% upside
Graham Formula
$25.08
-59.14% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| LKFN | Lakeland Financial Corpor… | $61.38 | 1.48B | +17% | -32% | -19% | -59% | 14.54 | 1.97 | 3.56 | 11.86 | 138.94 | 1.98 | 60.99% | 29.78% | 24.51% | 14.29% | 23.02% | 1.51% | 0.24 | 0.82 | 0.03 | 0.03 | 0.97 | 1047.00% | -193.00% | -4163.00% | 3.64% | 0.01 | 12.20% | 0.00% | 0.00% | 0.00% | 12.31 | 28.22 | 3.67 | -0.61 |
| FCF | First Commonwealth Financ… | $17.53 | 1.82B | +87% | -19% | -46% | +53% | 10.88 | 1.10 | 2.22 | 3.33 | — | 1.52 | 64.16% | 25.47% | 20.38% | 10.49% | 20.39% | 1.24% | 0.24 | 0.80 | 0.13 | 0.13 | 1.14 | -974.00% | 1166.00% | -1150.00% | 7.35% | 0.01 | 16.30% | 3.39% | 36.90% | 31.80% | 3.44 | 5.38 | 0.88 | -0.56 |
| FRME | First Merchants Corporati… | $39.08 | 2.46B | -37% | -10% | -29% | -22% | 10.05 | 0.92 | 2.16 | 6.17 | 72.92 | 1.30 | 60.96% | 24.67% | 21.52% | 9.47% | 12.33% | 1.21% | 0.41 | 0.67 | 0.20 | 0.20 | 3.17 | 1378.00% | -32.00% | 655.00% | 12.49% | 0.04 | 15.48% | 3.73% | 37.50% | 5.80% | 6.87 | 6.28 | 1.70 | -0.11 |
| GABC | German American Bancorp, … | $41.34 | 1.55B | -1% | +321% | -56% | +347% | 13.69 | 1.33 | 3.16 | 11.47 | 168.50 | 2.05 | 70.17% | 28.74% | 23.11% | 12.00% | 21.95% | 1.53% | 0.16 | 1.11 | 0.06 | 0.06 | 0.79 | 813.00% | 5454.00% | -9777.00% | 0.13% | 0.00 | 0.39% | 2.81% | 38.40% | 4.69% | 11.47 | 793.24 | 3.30 | 0.08 |
| LOB | Live Oak Bancshares, Inc. | $36.27 | 1.66B | +15% | +125% | -20% | +28% | 16.79 | 1.30 | 1.40 | 6.92 | 550.72 | 1.30 | 42.68% | 9.60% | 8.34% | 8.14% | -50.69% | 0.64% | 0.11 | 0.20 | 0.05 | 0.05 | -4.41 | 305.00% | 1967.00% | -1502.00% | 37.48% | 0.05 | -318.95% | 0.42% | 7.00% | 0.42% | 8.72 | 1.60 | 0.84 | -0.79 |
| MBIN | Merchants Bancorp | $42.28 | 1.94B | +86% | -48% | +28% | -69% | 9.09 | 0.87 | 1.46 | 18.77 | — | 0.88 | 41.29% | 19.32% | 16.02% | 9.67% | 3.89% | 1.14% | 1.68 | 0.39 | 1.61 | 1.61 | 14.51 | -4000.00% | -565.00% | -6003.00% | -17.16% | -0.05 | -6.06% | 2.99% | 27.20% | 4.63% | 18.77 | -14.51 | 3.63 | 0.57 |
| NBHC | National Bank Holdings Co… | $39.99 | 1.51B | -21% | -17% | -39% | -54% | 14.17 | 1.12 | 2.66 | 4.13 | — | 1.51 | 69.18% | 24.44% | 18.76% | 8.15% | 18.22% | 1.11% | 0.05 | 0.83 | 0.27 | 0.27 | -2.10 | -747.00% | -175.00% | 979.00% | 8.53% | 0.05 | 20.63% | 2.97% | 42.00% | 25.88% | 4.76 | 5.13 | 1.16 | -0.01 |
| SRCE | 1st Source Corporation | $67.01 | 1.64B | -46% | +37% | -14% | +27% | 10.45 | 1.30 | 2.76 | 1.88 | 50.93 | 1.39 | 70.32% | 34.18% | 26.38% | 13.27% | 72.43% | 1.76% | 0.27 | 1.23 | 12.62 | 12.62 | 1.27 | 2052.00% | 520.00% | 1771.00% | 12.91% | 1.77 | 97.42% | 2.32% | 24.30% | 3.16% | 1.97 | 1.89 | 0.67 | 0.62 |
| STBA | S&T Bancorp, Inc. | $41.81 | 1.6B | -9% | -13% | -40% | -28% | 12.34 | 1.13 | 2.91 | 11.44 | 466.07 | 1.52 | 69.43% | 29.54% | 23.61% | 9.44% | 12.62% | 1.37% | 0.18 | 1.01 | 0.03 | 0.00 | 1.58 | 265.00% | 63.00% | -2437.00% | 7.78% | 0.03 | 12.11% | 3.19% | 39.40% | 5.38% | 11.44 | 14.91 | 3.38 | -0.39 |
| STEL | Stellar Bancorp, Inc. | $37.66 | 1.93B | +27% | -9% | -14% | -80% | 19.06 | 1.18 | 3.29 | -2.28 | — | 1.78 | 69.31% | 21.43% | 17.25% | 6.28% | -20.51% | 0.95% | 0.02 | 0.74 | 0.02 | 0.42 | -2.97 | -744.00% | -467.00% | -2419.00% | 4.95% | 0.02 | -19.34% | 0.00% | 0.00% | 0.00% | -2.28 | -3.01 | -0.49 | -0.30 |
| TCBK | TriCo Bancshares | $47.78 | 1.55B | +36% | -16% | +5% | -23% | 12.91 | 1.18 | 2.94 | -1.18 | 186.62 | 1.54 | 75.85% | 31.73% | 22.79% | 9.54% | 29.90% | 1.25% | 0.08 | 1.41 | 0.44 | 0.44 | -0.27 | 692.00% | 178.00% | -10000.00% | 0.00% | 0.00 | 0.00% | 0.00% | 0.00% | 7.70% | -1.27 | — | -0.40 | 0.03 |
About Lakeland Financial Corporation
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, such as annuities and life insurance; and mobile business banking and on-line treasury management services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. As of December 31, 2021, the company operated 51 offices in fifteen counties, including 45 offices in northern Indiana and six offices in central Indiana. Lakeland Financial Corporation was founded in 1872 and is headquartered in Warsaw, Indiana.
- CEO
- David Findlay
- Employees
- 647
- Beta
- 0.73
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($41.46 ÷ $61.38) − 1 = -32.45% (DCF, example).