Lakeland Financial Corporation - Common Stock (LKFN)
Frequently Asked Questions About Lakeland Financial Corporation - Common Stock (LKFN)
Does Lakeland Financial Corporation pay dividends?
Yes, Lakeland Financial Corporation pays dividends to its shareholders. The company has a history of paying regular dividends, reflecting its commitment to returning value to its investors while maintaining a balance between reinvesting in the business and providing returns.
How can I invest in Lakeland Financial Corporation?
Investing in Lakeland Financial Corporation can be done through standard brokerage accounts where stocks are listed on the Nasdaq stock exchange under the ticker symbol LKFN. Interested investors should conduct research and consider consulting a financial advisor before making investment decisions.
How does Lakeland Financial Corporation handle customer complaints?
Lakeland Financial Corporation takes customer complaints seriously and has established processes for resolving issues efficiently. Customers can reach out through various channels, including in-person visits to branches, phone calls, or online communications, ensuring concerns are addressed promptly.
How does Lakeland Financial Corporation manage risk?
Lakeland Financial Corporation employs a comprehensive risk management framework to identify, assess, and mitigate various financial and operational risks. This includes credit risk, market risk, and regulatory compliance. The company maintains strong internal controls and conducts regular reviews to ensure its risk management practices are effective.
How does Lakeland Financial Corporation support community initiatives?
Lakeland Financial Corporation is committed to supporting local communities through various initiatives, including charitable donations, sponsorships, and volunteer efforts by its employees. The company believes in giving back to the communities it serves and often participates in local events and causes that promote social welfare.
Is Lakeland Financial Corporation involved in sustainability efforts?
Yes, Lakeland Financial Corporation is involved in sustainability efforts, focusing on reducing its environmental footprint and promoting responsible banking practices. Initiatives may include energy-efficient operations, reducing paper waste, and supporting local sustainable initiatives through funding and participation.
Is Lakeland Financial Corporation publicly traded?
Yes, Lakeland Financial Corporation is publicly traded on the Nasdaq stock exchange under the ticker symbol LKFN. Being a publicly traded company allows it to raise capital through the sale of stocks and provides investors with an opportunity to participate in the company's growth and success.
What competitive advantages does Lakeland Financial Corporation have?
Lakeland Financial Corporation benefits from a strong local presence, personalized customer service, and a commitment to community engagement. Its focus on understanding the needs of its clients and adapting products accordingly creates a competitive edge in the banking sector.
What distinguishes Lakeland Financial Corporation from other banks?
Lakeland Financial Corporation distinguishes itself through its strong community focus, personalized banking services, and longstanding commitment to customer relationships. Unlike larger national banks, Lakeland Financial emphasizes tailored solutions, local knowledge, and direct engagement with clients to enhance their banking experience.
What does Lakeland Financial Corporation do?
Lakeland Financial Corporation is a bank holding company headquartered in Warsaw, Indiana. It primarily operates through its subsidiary, Lake City Bank, which offers a range of financial services including commercial and retail banking, wealth management, and treasury management. The company focuses on serving customers in Indiana and aims to provide both personal and business banking solutions tailored to local needs.
What is the company's approach to technology in banking?
Lakeland Financial Corporation embraces technology to enhance customer experiences and improve operational efficiency. The bank offers a range of digital banking services, including online banking and mobile apps, which provide customers with convenient access to their accounts and various banking features at their fingertips.
What is the company’s financial performance like?
Lakeland Financial Corporation has shown consistent financial performance over the years, characterized by healthy revenue growth, strong asset quality, and solid capital levels. The company’s focus on prudent lending practices and customer relationships has contributed to its stability and growth in earnings.
What is the corporate governance structure of Lakeland Financial Corporation?
Lakeland Financial Corporation has a robust corporate governance structure that includes a board of directors composed of experienced professionals from various backgrounds. The board is responsible for overseeing the strategic direction and ensuring the company adheres to regulatory requirements and ethical standards.
What is the mission statement of Lakeland Financial Corporation?
The mission of Lakeland Financial Corporation is to provide exceptional financial services to customers while supporting the communities it serves. The company prioritizes relationship-building and aims to take a personalized approach in meeting the needs of its clients, fostering trust and loyalty.
What recent developments have occurred at Lakeland Financial Corporation?
Recent developments at Lakeland Financial Corporation include strategic expansions, new product offerings, and enhancements in digital banking services. The company continually assesses market trends and customer needs to remain competitive and relevant in the banking industry, ensuring its growth and success.
What regions does Lakeland Financial Corporation serve?
Lakeland Financial Corporation primarily serves customers in Indiana, with a notable focus on the northern and central areas of the state. The company's commitment to local communities is reflected in its strategically located branches and personalized service offerings.
What services does Lake City Bank offer?
Lake City Bank, as the primary banking affiliate of Lakeland Financial Corporation, offers a comprehensive array of services including personal banking, commercial banking, mortgage lending, investment services, and financial planning. The bank is dedicated to providing tailored financial solutions that meet the diverse needs of its customers.
When was Lakeland Financial Corporation founded?
Lakeland Financial Corporation was founded in 1872. With a long history in the banking industry, it has evolved over the years to adapt to the changing financial landscape while maintaining a strong commitment to local communities and customer service.
Where is Lakeland Financial Corporation headquartered?
The headquarters of Lakeland Financial Corporation is located in Warsaw, Indiana. This city serves as a central hub for the company’s operations and reflects its dedication to serving the local community through various banking and financial services.
Who are the key executives at Lakeland Financial Corporation?
Lakeland Financial Corporation is led by a team of experienced executives. The President and Chief Executive Officer is David M. Findlay, who is responsible for the overall strategic direction of the company. The executive team works collaboratively to ensure the company fulfills its mission of providing top-notch banking services to its customers.
What is the current price of Lakeland Financial Corporation - Common Stock?
The current price of Lakeland Financial Corporation - Common Stock is 53.37
When was Lakeland Financial Corporation - Common Stock last traded?
The last trade of Lakeland Financial Corporation - Common Stock was at 2:54 pm EDT on April 4th, 2025
What is the market capitalization of Lakeland Financial Corporation - Common Stock?
The market capitalization of Lakeland Financial Corporation - Common Stock is 1.35B
How many shares of Lakeland Financial Corporation - Common Stock are outstanding?
Lakeland Financial Corporation - Common Stock has 25.30M shares outstanding.