Lakeland Financial Corp
NASDAQ:LKFN
LKFN's latest stock split occurred on Aug 8, 2016
The company executed a 3-for-2 stock split, meaning that for every 2 shares held, investors received 3 new shares.
Before the split, LKFN traded at 53.27 per share. Afterward, the share price was about 29.1862.
The adjusted shares began trading on Aug 8, 2016. This was LKFN's 4th stock split, following the previous one in May 1, 2006.
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Lakeland Financial Corp
Glance View
Lakeland Financial Corp., the thriving financial organism nestled in the picturesque state of Indiana, tells a tale of regional success in banking. Established in 1872, this institution has ripened over the decades into a robust holding company for Lake City Bank, its primary subsidiary. The bank embodies the lifeblood of Lakeland's operations, channeling its energy into a mosaic of community-focused financial services. With branches spread across a multitude of cities in Indiana, Lake City Bank functions as the dynamic conduit through which personal, commercial, and municipal clients realize their financial aspirations. At its core, the bank generates revenues by leveraging deposits gathered from customers to extend loans, a mechanism that underscores a classical yet sustainable banking model. Guided by an ethos of cultivating lasting relationships, Lakeland Financial Corp. has carved a niche in offering both traditional and innovative banking solutions. The company's diverse portfolio includes a balanced mix of real estate, commercial, industrial, and agricultural loans. By maintaining rigorous credit standards and astute risk management, it consistently ensures stable returns while nurturing economic growth within the communities it serves. Non-interest income streams enrich Lakeland's financial narrative further, comprising fees from wealth advisory services, treasury management, and other customer-centric offerings. This blend of prudent lending and comprehensive financial services engenders a symbiotic relationship with its customer base, fueling steady growth and fortifying its standing in the Midwestern banking landscape.
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