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Lakeland Financial (Lakeland Financial) Net Margin % : 45.02% (As of Dec. 2023)


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What is Lakeland Financial Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Lakeland Financial's Net Income for the three months ended in Dec. 2023 was $29.6 Mil. Lakeland Financial's Revenue for the three months ended in Dec. 2023 was $65.8 Mil. Therefore, Lakeland Financial's net margin for the quarter that ended in Dec. 2023 was 45.02%.

The historical rank and industry rank for Lakeland Financial's Net Margin % or its related term are showing as below:

LKFN' s Net Margin % Range Over the Past 10 Years
Min: 34.71   Med: 40.2   Max: 45.9
Current: 38.52


LKFN's Net Margin % is ranked better than
80.38% of 1458 companies
in the Banks industry
Industry Median: 25.41 vs LKFN: 38.52

Lakeland Financial Net Margin % Historical Data

The historical data trend for Lakeland Financial's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lakeland Financial Net Margin % Chart

Lakeland Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.90 42.60 42.97 42.42 37.98

Lakeland Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.57 41.59 24.34 42.64 45.02

Competitive Comparison of Lakeland Financial's Net Margin %

For the Banks - Regional subindustry, Lakeland Financial's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lakeland Financial's Net Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Lakeland Financial's Net Margin % distribution charts can be found below:

* The bar in red indicates where Lakeland Financial's Net Margin % falls into.



Lakeland Financial Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Lakeland Financial's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=93.767/246.893
=37.98 %

Lakeland Financial's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin=Net Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=29.626/65.807
=45.02 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Lakeland Financial  (NAS:LKFN) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Lakeland Financial Net Margin % Related Terms

Thank you for viewing the detailed overview of Lakeland Financial's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Lakeland Financial (Lakeland Financial) Business Description

Traded in Other Exchanges
N/A
Address
202 East Center Street, P.O.Box 1387, Warsaw, IN, USA, 46581-1387
Lakeland Financial Corp is a bank holding company. It provides commercial, retail, wealth advisory and investment management services. Lakeland offers a broad array of products and services throughout its Northern and Central Indiana markets. The company offers commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. It serves a wide variety of industries including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services and healthcare.
Executives
Bartels Robert E Jr director LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
M Scott Welch director 6 LONGWOOD COURT, ELKHART IN 46516
Jonathan P Steiner officer: Senior Vice President LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Emily E Pichon director LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Brian J Smith director LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Donald Robinson-gay officer: Senior Vice President PO BOX 1387, WARSAW IN 46581
Kyra E Clark officer: Senior Vice President P.O. BOX 1387, WARSAW IN 46581-1387
Steven D Ross director LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Brok A Lahrman officer: SVP, Chief Accounting Officer P.O. BOX 1387, WARSAW IN 46581
James Rickard Donovan officer: SVP, General Counsel P.O. BOX 1387, WARSAW IN 46581-1387
Stephanie R Leniski officer: Senior Vice President P.O. BOX 1387, WARSAW IN 46581-1387
Blake Augsburger director P.O. BOX 1387, WARSAW IN 46581
Michael L Kubacki director, officer: President LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Lisa M O'neill officer: EVP & CFO LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Michael E Gavin officer: EVP & CCO LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387