What is Lakeland Financial's hybrid debt?

Lakeland Financial (LKFN) reported hybrid debt of $17M in Q1 2026.

What does hybrid debt mean?

This category includes various forms of long-term debt instruments, such as subordinated debt or other hybrid capital securities, that do not qualify as core deposits. These borrowings are used to supplement capital levels and support long-term strategic initiatives or acquisitions. Investors monitor these obligations to evaluate the bank's overall leverage profile and debt service capacity.

Lakeland Financial LKFN Hybrid debt

Hybrid debt at other companies

First Merchants CorporationFRME

$86.35M+37.9%

PNC Financial ServicesPNC

$2.73B-23.7%

Fulton FinancialFULT

$679.74M+20.4%

Banner CorporationBANR

$115.72M-11.4%

First Financial CorporationTHFF

$208.76M+67.1%

Simmons First NationalSFNC

$446.76M-49.5%

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:OtherBorrowings.

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 hybrid debt?: Lakeland Financial (LKFN) reported hybrid debt of $17M in Q1 2026.
What does hybrid debt mean?: This category includes various forms of long-term debt instruments, such as subordinated debt or other hybrid capital securities, that do not qualify as core deposits. These borrowings are used to supplement capital levels and support long-term strategic initiatives or acquisitions. Investors monitor these obligations to evaluate the bank's overall leverage profile and debt service capacity.