Lakeland Financial Corporation

NASDAQ LKFN

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Lakeland Financial Corporation Payables Turnover 1 year YoY Change (%) for the Trailing 12 Months (TTM) ending March 31, 2024: 64.13%

Lakeland Financial Corporation Payables Turnover 1 year YoY Change (%) is 64.13% for the Trailing 12 Months (TTM) ending March 31, 2024, a 203.65% change year over year. Payables turnover measures the efficiency with which a company manages its accounts payable. It is calculated by dividing the cost of revenue by the accounts payable. This ratio indicates how quickly a company pays off its obligations to suppliers and vendors. A higher turnover suggests that the company is efficiently managing its accounts payable, while a lower ratio may indicate a slower payment process or potential liquidity issues. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.

Lakeland Financial Corporation Payables Turnover for the Trailing 12 Months (TTM) ending March 31, 2023 was 0.53.

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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