What is Lakeland Financial Financial Strength?
Lakeland Financial has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
4. Other debt related ratios.
A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
GuruFocus does not calculate Lakeland Financial's interest coverage with the available data.
Lakeland Financial's debt to revenue ratio for the quarter that ended in Mar. 2025 was 0.42.
Altman Z-Score does not apply to banks and insurance companies.
Lakeland Financial Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Lakeland Financial's Interest Expense for the
months ended in Mar. 2025 was $-37.6 Mil. Its Operating Income for the
months ended in Mar. 2025 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $1.2 Mil.
Lakeland Financial's Interest Coverage for the quarter that ended in Mar. 2025 is
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Lakeland Financial Corp has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Lakeland Financial's Debt to Revenue Ratio for the quarter that ended in Mar. 2025 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* 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 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. It offers a broad line of products and services throughout its Northern and Central Indiana markets. The company provides 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
| Lisa M O'neill |
officer: EVP & CFO |
LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387 |
| Stephanie R Leniski |
officer: Senior Vice President |
P.O. BOX 1387, WARSAW IN 46581-1387 |
| M Scott Welch |
director |
6 LONGWOOD COURT, ELKHART IN 46516 |
| Donald Robinson-gay |
officer: Senior Vice President |
PO BOX 1387, WARSAW IN 46581 |
| David M Findlay |
officer: Executive Vice president |
LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387 |
| Eric H Ottinger |
officer: Senior Vice President |
LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387 |
| Bartels Robert E Jr |
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 |
| Kristin Pruitt |
officer: Senior Vice President |
LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387 |
| 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 |
| Jonathan P Steiner |
officer: Senior Vice President |
LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387 |
| Michael L Kubacki |
director, officer: 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 |
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