Lakeland Financial Corporation

NASDAQ LKFN

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Lakeland Financial Corporation Cash Taxes 2 year CAGR for the quarter ending March 31, 2024: -5.64%

Lakeland Financial Corporation Cash Taxes 2 year CAGR is -5.64% for the quarter ending March 31, 2024. Cash taxes represent the total amount of cash paid for income taxes, including both current and deferred taxes. It is calculated by summing the income tax provision and any non-cash tax-related items. This metric provides insight into the company's cash outflows related to taxes, which can impact its overall cash position and liquidity. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Lakeland Financial Corporation Cash Taxes for the quarter ending March 31, 2023 was USD 7.72 M, a -29.20% change year over year.
Lakeland Financial Corporation Cash Taxes for the quarter ending March 31, 2022 was USD 10.91 M, a 456.34% change year over year.
Lakeland Financial Corporation Cash Taxes for the quarter ending March 31, 2021 was USD -3.06 M, a -845.01% change year over year.
Lakeland Financial Corporation Cash Taxes for the quarter ending March 31, 2020 was USD 411.00 K, a -83.39% change year over year.

NASDAQ: LKFN

Lakeland Financial Corporation

CEO	Mr. David M. Findlay
IPO Date	Aug. 15, 1997
Location	United States
Headquarters	202 East Center Street, Warsaw, IN, United States, 46581-1387
Employees	628
Sector	Financial Services
Industry	Banks - regional

Description

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. 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, construction, agri-business and agricultural, consumer 1-4 family mortgage, and other commercial and consumer loans. The company also provides 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. The company was founded in 1872 and is headquartered in Warsaw, Indiana.

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