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Lakeland Financial LKFN Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

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Segments

By product

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Life Insurance$123M+14.6%
Deferred Compensation$7M+16.7%

Other financials

Income statement

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Revenue$69.7M+9.3%
Net income$26.5M+31.8%
EPS (diluted)$1.04+33.3%

Balance sheet

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Cash & equivalents$151.3M-35.7%
Total debt$125.1M+1,780%
Total equity$748.9M+7.8%
Total assets$7.1B+3.4%

Cash flow

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Operating cash flow$34.7M+19.9%
CapEx$4.7M+164%
Free cash flow$30.0M+10.4%

Valuation

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Market cap$1.53B+3.0%
Enterprise value$1.51B+19.6%
P/E14×-2.5×
P/S5.6×-0.2×

Profitability

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Net margin39.9%+4.9pp
FCF margin38.8%+0.8pp

Returns & leverage

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Return on equity15.2%+1.8pp
Debt / equity0.2×+0.2×

Where this comes from

Reported directly by Lakeland Financial in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.

The official record: Lakeland Financial’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lakeland Financial's bank owned life insurance?
Lakeland Financial (LKFN) reported bank owned life insurance of $130.71M in Q1 2026.
How has Lakeland Financial's bank owned life insurance changed year-over-year?
Lakeland Financial's bank owned life insurance increased by 14.8% year-over-year, from $113.83M to $130.71M.
What is the long-term trend for Lakeland Financial's bank owned life insurance?
Over 5 years (2020 to 2025), Lakeland Financial's bank owned life insurance has grown at a 6.4% compound annual growth rate (CAGR), from $95.23M to $129.98M.
What does bank owned life insurance mean?
Bank Owned Life Insurance (BOLI) consists of life insurance policies purchased by the bank on the lives of key employees, where the bank is the beneficiary. It is utilized as a tax-advantaged investment vehicle to offset the costs of employee benefit plans. The cash surrender value of these policies represents a stable, long-term asset that provides non-interest income.