Estados financieros detallados de Lakeland Financial Corporation (LKFN): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Lakeland Financial Corporation registró ingresos de $421.7M en el último ejercicio fiscal, con un CAGR de 5 años del 13.1%. El beneficio neto alcanzó $103.4M, con un CAGR a 5 años del 4.2%.
Márgenes de los últimos 12 meses: margen bruto 64.1%, margen operativo 31.8%, margen neto 26.0%. El flujo de caja libre creció a un CAGR del 4.9% en 5 años.
Al precio actual de $59.94, LKFN cotiza a un P/E de 13.81 y un ROE del 14.67%. La capitalización bursátil es de $1.5B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $163.7M | $193.5M | $229.6M | $249.8M | $228.1M | $237.9M | $281.4M | $393.1M | $430.0M | $421.7M |
| Coste de Ventas | $21.6M | $32.8M | $54.1M | $63.4M | $44.9M | $16.2M | $46.1M | $152.1M | $193.2M | $164.5M |
| Beneficio Bruto | $142.0M | $160.7M | $175.5M | $186.4M | $183.2M | $221.7M | $235.4M | $241.0M | $236.8M | $257.2M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $47.0M | $51.8M | $54.4M | $53.8M | $54.2M | $60.1M | $60.5M | $62.5M | $70.2M | $74.5M |
| Gastos Operativos | $64.8M | $71.1M | $76.5M | $79.0M | $79.3M | $104.3M | $110.2M | $130.7M | $125.1M | $131.6M |
| Beneficio Operativo | $77.2M | $89.6M | $98.9M | $107.4M | $103.9M | $117.4M | $125.2M | $110.3M | $111.7M | $125.6M |
| EBITDA | $82.0M | $95.4M | $105.1M | $113.8M | $110.7M | $125.8M | $131.9M | $116.5M | $117.6M | $130.4M |
| Gastos por Intereses | $20.5M | $29.8M | $47.7M | $60.2M | $30.1M | $15.1M | $36.7M | $146.2M | $176.5M | $152.7M |
| Beneficio Antes de Impuestos | $77.2M | $89.6M | $98.9M | $107.4M | $103.9M | $117.4M | $125.2M | $110.3M | $111.7M | $125.6M |
| Impuestos | $25.1M | $32.3M | $18.5M | $20.3M | $19.5M | $21.7M | $21.3M | $16.6M | $18.2M | $22.2M |
| Beneficio Neto | $52.1M | $57.3M | $80.4M | $87.0M | $84.3M | $95.7M | $103.8M | $93.8M | $93.5M | $103.4M |
| BPA | $2.08 | $2.28 | $3.18 | $3.40 | $3.31 | $3.76 | $4.07 | $3.66 | $3.64 | $4.02 |
| BPA Diluido | $2.05 | $2.23 | $3.13 | $3.38 | $3.30 | $3.74 | $4.04 | $3.65 | $3.63 | $4.01 |
| Acciones en Circulación (Diluidas) | $25.5M | $25.7M | $25.7M | $25.8M | $25.6M | $25.6M | $25.7M | $25.7M | $25.8M | $25.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $107.8M | $106.6M | $104.9M | $107.7M |
| Beneficio Bruto | $67.0M | $69.8M | $67.7M | $69.2M |
| Beneficio Operativo | $32.1M | $36.4M | $32.6M | $34.9M |
| EBITDA | $33.7M | $37.5M | $34.2M | $34.9M |
| Beneficio Neto | $26.4M | $29.9M | $26.5M | $28.4M |
| BPA | $1.03 | $1.17 | $1.04 | $1.14 |
| BPA Diluido | $1.03 | $1.16 | $1.04 | $1.13 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $167.3M | $176.2M | $216.9M | $99.4M | $249.9M | $683.2M | $130.3M | $151.8M | $168.2M | $57.1M |
| Inversiones a Corto | $504.2M | $538.5M | $585.5M | $608.2M | $734.8M | $1.40B | $1.19B | $1.05B | $422.8M | $84.2M |
| Cuentas por Cobrar | $11.7M | $14.1M | $15.5M | $15.4M | $18.8M | $17.7M | $28.0M | $30.0M | $28.4M | $29.0M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $683.2M | $728.8M | $818.0M | $723.0M | $1.00B | $2.10B | $1.34B | $1.23B | $619.5M | $170.3M |
| Inmovilizado Material | $52.1M | $56.5M | $58.1M | $60.4M | $59.3M | $59.3M | $58.1M | $57.9M | $60.5M | $65.5M |
| Fondo de Comercio | $5.0M | $5.0M | $5.0M | $5.0M | $5.0M | $5.0M | $5.0M | $5.0M | $5.0M | $5.0M |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $4.29B | $4.68B | $4.88B | $4.95B | $5.83B | $6.56B | $6.43B | $6.52B | $6.68B | $6.99B |
| Cuentas por Pagar | $5.7M | $6.3M | $10.4M | $11.6M | $6.0M | $2.6M | $3.2M | $20.9M | $15.1M | 0 |
| Deuda a Corto | $230.0M | $150.7M | $245.6M | 0 | 0 | 0 | $22.0M | 0 | 0 | $170.0M |
| Pasivos Corrientes | $3.81B | $4.17B | $4.30B | $4.15B | $5.04B | $5.74B | $5.49B | $5.74B | $5.92B | $6.17B |
| Deuda a Largo | $211.0M | $30.9M | $200.9M | $170.0M | $85.5M | $75.0M | $275.0M | $50.0M | 0 | $14.2M |
| Pasivos Totales | $3.86B | $4.21B | $4.35B | $4.35B | $5.17B | $5.85B | $5.86B | $5.87B | $5.99B | $6.23B |
| Reservas | $327.9M | $363.8M | $419.2M | $475.2M | $529.0M | $583.1M | $646.1M | $692.8M | $736.4M | $788.3M |
| Patrimonio Neto | $427.0M | $468.6M | $521.6M | $598.0M | $657.1M | $704.8M | $568.8M | $649.7M | $683.8M | $762.4M |
| Deuda Total | $441.0M | $181.6M | $446.5M | $170.0M | $85.5M | $75.0M | $297.0M | $50.0M | 0 | $184.2M |
| Deuda Neta | -$230.5M | -$533.1M | -$356.0M | -$537.6M | -$899.3M | -$2.01B | -$1.02B | -$1.15B | -$591.1M | $42.9M |
| Capital Circulante | -$3.13B | -$3.44B | -$3.48B | -$3.42B | -$4.04B | -$3.64B | -$4.14B | -$4.51B | -$5.30B | -$6.00B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $192.8M | $57.1M | $65.7M | $64.2M |
| Activos Totales | $6.90B | $6.99B | $7.08B | $7.24B |
| Pasivos Totales | $6.15B | $6.23B | $6.33B | $6.47B |
| Patrimonio Neto | $747.4M | $762.4M | $748.9M | $773.3M |
| Deuda Total | $56.2M | $184.2M | $75.1M | $70.0M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $52.1M | $57.3M | $80.4M | $87.0M | $84.3M | $95.7M | $103.8M | $93.8M | $93.5M | $103.4M |
| Amortizaciones | $4.8M | $5.7M | $6.2M | $6.5M | $6.8M | $8.4M | $6.8M | $6.2M | $6.0M | $6.0M |
| Compensación en Acciones | $4.2M | $5.7M | $5.6M | $4.2M | $1.8M | $7.2M | $7.8M | $3.7M | $4.6M | $8.6M |
| Cambio en Capital Circulante | $2.4M | $3.4M | $5.2M | $1.8M | -$14.1M | -$2.2M | $30.0M | $3.9M | -$9.4M | -$13.5M |
| Flujo de Caja Operativo | $62.2M | $77.2M | $105.0M | $100.0M | $87.2M | $113.8M | $169.3M | $114.0M | $102.5M | $114.9M |
| Inversiones (CapEx) | -$9.8M | -$9.6M | -$8.0M | -$8.0M | -$5.7M | -$6.2M | -$4.8M | -$6.0M | -$8.6M | -$11.1M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$458000 | -$495000 | -$463000 | -$515000 | -$10.5M | -$559000 | -$579000 | -$575000 | -$592000 | -$20.4M |
| Dividendos Pagados | -$18.2M | -$21.4M | -$25.3M | -$29.7M | -$30.6M | -$34.7M | -$40.9M | -$47.1M | -$49.3M | -$51.4M |
| Flujo de Caja Libre | $52.4M | $67.7M | $97.0M | $92.0M | $81.5M | $107.6M | $164.5M | $108.0M | $93.9M | $103.8M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $36.1M | $33.7M | $34.7M | $24.4M |
| Inversiones (CapEx) | -$5.0M | -$2.2M | -$4.7M | -$5.2M |
| Flujo de Caja Libre | $31.1M | $31.5M | $30.0M | $19.1M |
| Dividendos Pagados | -$12.9M | -$12.9M | -$13.2M | -$13.1M |
| Compensación en Acciones | $3.5M | $2.4M | $2.4M | $2.1M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +18.2% | +18.6% | +8.8% | -8.7% | +4.3% | +18.3% | +39.7% | +9.4% | -1.9% |
| Crecimiento Beneficio Neto (anual) | | +10.1% | +40.3% | +8.3% | -3.1% | +13.5% | +8.4% | -9.7% | -0.3% | +10.6% |
| Crecimiento BPA (anual) | | +9.6% | +39.5% | +6.9% | -2.6% | +13.6% | +8.2% | -10.1% | -0.5% | +10.4% |
| Cambio en Acciones (anual) | | +0.8% | +0.3% | +0.1% | -0.7% | +0.2% | +0.4% | +0.0% | +0.2% | +0.0% |
| Crecimiento FCF (anual) | | +29.2% | +43.4% | -5.1% | -11.4% | +32.0% | +52.9% | -34.4% | -13.1% | +10.6% |
| Margen Bruto | 86.8% | 83.0% | 76.4% | 74.6% | 80.3% | 93.2% | 83.6% | 61.3% | 55.1% | 61.0% |
| Margen Operativo | 47.2% | 46.3% | 43.1% | 43.0% | 45.5% | 49.4% | 44.5% | 28.1% | 26.0% | 29.8% |
| Margen EBITDA | 50.1% | 49.3% | 45.8% | 45.6% | 48.5% | 52.9% | 46.9% | 29.6% | 27.4% | 30.9% |
| Margen Neto | 31.8% | 29.6% | 35.0% | 34.8% | 37.0% | 40.2% | 36.9% | 23.9% | 21.7% | 24.5% |
| Margen FCF | 32.0% | 35.0% | 42.3% | 36.8% | 35.7% | 45.2% | 58.5% | 27.5% | 21.8% | 24.6% |
| Tasa Impositiva Efectiva | 32.5% | 36.0% | 18.7% | 18.9% | 18.8% | 18.5% | 17.1% | 15.0% | 16.3% | 17.7% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $2.06 | $2.64 | $3.77 | $3.57 | $3.19 | $4.20 | $6.40 | $4.20 | $3.64 | $4.03 |
| Dividendo por Acción | $0.72 | $0.83 | $0.98 | $1.15 | $1.20 | $1.35 | $1.59 | $1.83 | $1.91 | $2.00 |
| Acciones en Circulación (Básicas) | $25.1M | $25.2M | $25.3M | $25.6M | $25.5M | $25.5M | $25.5M | $25.6M | $25.7M | $25.6M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 14.67% |
| Rentabilidad sobre capital invertido | 1.54% |
| Rentabilidad sobre activos | 1.54% |
| Margen bruto | 64.08% |
| Margen operativo | 31.81% |
| Margen neto | 26.04% |
Salud financiera
| Deuda / Patrimonio | 0.09 |
| Ratio corriente | 1.39 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 22.77 | 21.27 | 12.63 | 14.39 | 16.19 | 21.31 | 17.93 | 17.80 | 18.89 | 14.19 |
| P/VC | 2.78 | 2.61 | 1.95 | 2.09 | 2.08 | 2.90 | 3.27 | 2.57 | 2.58 | 1.92 |
| P/V | 7.25 | 6.31 | 4.42 | 5.01 | 5.98 | 8.58 | 6.62 | 4.24 | 4.11 | 3.47 |
| Margen Bruto | 86.8% | 83.0% | 76.4% | 74.6% | 80.3% | 93.2% | 83.6% | 61.3% | 55.1% | 61.0% |
| Margen Operativo | 47.2% | 46.3% | 43.1% | 43.0% | 45.5% | 49.4% | 44.5% | 28.1% | 26.0% | 29.8% |
| Margen Neto | 31.8% | 29.6% | 35.0% | 34.8% | 37.0% | 40.2% | 36.9% | 23.9% | 21.7% | 24.5% |