David Findlay - Lakeland Financial CEO

LKFN Stock  USD 73.61  1.50  2.08%   

CEO

Mr. David M. Findlay is President, Chief Executive Officer, Independent Director of Lakeland Financial Corporationrationration. Mr. Findlay presently serves as the President and Chief Executive Officer of Lakeland Financial and Lake City Bank. Mr. Findlay also served as President and Chief Financial Officer from 20102014 and Chief Financial Officer from 20002010. Prior to joining Lakeland Financial in September of 2000, Mr. Findlay served as the Chief Financial Officer of Quality Dining, Inc., then a publicly traded company with its headquarters in South Bend, Indiana. Prior to that, he served in various capacities with The Northern Trust Company in Chicago. We consider Mr. Findlay to be qualified to serve on the Board due to his familiarity with Lakeland Financials operations he has acquired as its President and Chief Financial Officer, his experience in the financial services industry and his prior experience as the chief financial officer of a publicly traded company. since 2016.
Age 62
Tenure 8 years
Address 202 East Center Street, Warsaw, IN, United States, 46581-1387
Phone574 267 6144
Webhttps://www.lakecitybank.com
Evans also has strong banking experience, having served as the Chairman of the Federal Home Loan Bank of Indianapolis from 19871990 and as the chairman of the Federal Housing Finance Board, the regulator of the Federal Home Loan Banks, from 19901993. We consider Mr. Evans to be qualified to serve on the Board, as well as the Nominating and Corporationrationrationrate Governance Committee, due to his experience managing a large organization, his experience in the banking industry and his knowledge of the Indianapolis market as we look to expand our presence in Indianapolis.

David Findlay Latest Insider Activity

Tracking and analyzing the buying and selling activities of David Findlay against Lakeland Financial stock is an integral part of due diligence when investing in Lakeland Financial. David Findlay insider activity provides valuable insight into whether Lakeland Financial is net buyers or sellers over its current business cycle. Note, Lakeland Financial insiders must abide by specific rules, including filing SEC forms every time they buy or sell Lakeland Financial'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Lakeland Financial Management Efficiency

The company has return on total asset (ROA) of 0.0151 % which means that it generated a profit of $0.0151 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1575 %, meaning that it created $0.1575 on every $100 dollars invested by stockholders. Lakeland Financial's management efficiency ratios could be used to measure how well Lakeland Financial manages its routine affairs as well as how well it operates its assets and liabilities. As of the 22nd of November 2024, Return On Equity is likely to grow to 0.15, while Return On Tangible Assets are likely to drop 0.01. At this time, Lakeland Financial's Total Assets are very stable compared to the past year. As of the 22nd of November 2024, Non Current Assets Total is likely to grow to about 6.7 B, though Other Assets are likely to grow to (982.6 M).
Lakeland Financial currently holds 50 M in liabilities with Debt to Equity (D/E) ratio of 8.59, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Note, when we think about Lakeland Financial's use of debt, we should always consider it together with its cash and equity.

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Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. Lakeland Financial Corporation was founded in 1872 and is headquartered in Warsaw, Indiana. Lakeland Finl operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 600 people. Lakeland Financial (LKFN) is traded on NASDAQ Exchange in USA. It is located in 202 East Center Street, Warsaw, IN, United States, 46581-1387 and employs 639 people. Lakeland Financial is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Lakeland Financial Leadership Team

Elected by the shareholders, the Lakeland Financial's board of directors comprises two types of representatives: Lakeland Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lakeland. The board's role is to monitor Lakeland Financial's management team and ensure that shareholders' interests are well served. Lakeland Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lakeland Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kristin Pruitt, Executive VP, Secretary and Executive VP of Lake City Bank
Donald RobinsonGay, Senior Officer
Jennifer Hurford, Senior Treasurer
Kristin JD, President Director
Stephanie Leniski, Senior Officer
Michael Gavin, Executive Officer
Brok Lahrman, Senior Vice President - Finance, Chief Accounting Officer
Jonathan Steiner, Senior Officer
Eric Ottinger, Executive VP of Commercial Banking
Kyra Clark, Senior Officer
Lisa CPA, Executive CFO
Rickard Donovan, General VP
David Findlay, CEO and President Director, CEO of Lake City Bank and President of Lake City Bank and Director of Lake City Bank
Lisa ONeill, CFO and Executive VP
Kirtus Murray, Senior Manager

Lakeland Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Lakeland Financial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
When determining whether Lakeland Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lakeland Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lakeland Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lakeland Financial Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lakeland Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
To learn how to invest in Lakeland Stock, please use our How to Invest in Lakeland Financial guide.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Lakeland Financial. If investors know Lakeland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Lakeland Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.07)
Dividend Share
1.92
Earnings Share
3.85
Revenue Per Share
9.447
Quarterly Revenue Growth
(0.01)
The market value of Lakeland Financial is measured differently than its book value, which is the value of Lakeland that is recorded on the company's balance sheet. Investors also form their own opinion of Lakeland Financial's value that differs from its market value or its book value, called intrinsic value, which is Lakeland Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Lakeland Financial's market value can be influenced by many factors that don't directly affect Lakeland Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Lakeland Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lakeland Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lakeland Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.