Lakeland Financial Corporation · NASDAQ:LKFN
Lakeland Financial — Shareholder Meeting (2015)
20 slides from Lakeland Financial's shareholder meeting presentation, 2015
Slide 1: 2015 Annual Meeting
is pe 2015 ANNUAL MEETING THE LARGEST BANK 100% INVESTED IN INDIANA. Qake City Bank
Slide 2: Forward-Looking Information
Forward-Looking Information This presentation contains, and future oral and written statements of the Company and its management may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of oper
Slide 3: Long-Term Mission
Long-Term Mission Lake City Bank Will be the Acknowledged and Recognized Leader in Indiana Community Banking Management Committee Board of Directors
Slide 4: We're the largest Bank 100% invested in Indiana
We’re the largest Bank 100% invested in Indiana
Slide 5: Positioned for Growth
ee Positioned for Growth Opening Date of First Office in Market Warsaw — 1872 23 offices Elkhart — 1990 11 offices South Bend — 1997 4 offices Fort Wayne — 1999 6 offices a amiton Indianapolis — 2011 (2 Offices) 3 offices Indianapolis Marion (1 Office) Qoake City Bank
Slide 6: Critical Role of Culture
Critical Role of Culture Our unique, caring and community-driven culture is our greatest asset and will be preserved.
Slide 7: Organizational Vision
Organizational Vision We’re driven by the growth of shareholder value and the delivery of competitive banking services through a progressive business model that preserves the principles and ideals of a community bank.
Slide 8: Shareholder Value
Shareholder Value Creation of shareholder value will result from the successful long-term execution of our Mission. Long-Term Mission Execution Key: While important, we will not allow short term financial results to impact our commitment to the Long Term Mission.
Slide 9: Financial Performance
Financial Performance LAKELAND FINANCIAL CORPORATION LAKE CITY BANK
Slide 10: Income Performance Metrics
Income Performance Metrics “LKFN performance exceeds National and Indiana Peers” 2.00% 14.00% 12.50% 12.77% 12.30% 11.78% 12.00% LTM Peer Data(1) National Indiana 1.50% 9.34% 6.26% 8.89% 10.00% 1.29% 1.32% 8.00% 1.19% 1.00% 1.10% LTM Peer Data (1) National Indiana 6.00% 0.93% 0.70% 0.91% 4.00% 0.50%
Slide 11: Net Income and EPS
Net Income and EPS Record net income and EPS $50,000 $43,805 $2.80 $45,000 $40,000 $38,839 $2.61 $35,394 $2.30 $35,000 $2.33 $30,662 $30,000 $2.15 $24,543 $1.80 $25,000 $1.88 $20,000 $1.30 $15,000 $1.32 $10,000 $0.80 $5,000 $0 $0.30 2010 2011 2012 2013 2014 Net Income Diluted EPS 2014 Net Income Gro
Slide 12: Average Loans
Average Loans Commercial Emphasis Drives Growth $3,000,000 $2,650,678 120% $2,343,422 $2,500,000 $2,216,131 $2,148,046 $2,049,209 100% $2,000,000 95% 93% 93% 95% 87% 80% $1,500,000 60% $1,000,000 $500,000 40% $0 20% 2010 2011 2012 2013 2014 Retail Commercial Loans to Deposits 2014 Growth 13%
Slide 13: Loan Breakdown
Loan Breakdown C&I Drives Lending Business Commercial RE - Other Construction Agri-business - Agriculture Commercial Residential Mortgage $156,636 $273,787 $75,715 $145,167 10% 3% 5% Home Equity 6% Commercial RE - $150,220 Multifamily 5% Installment - Other $71,811 Consumer 3% $56,283 2% Commercial
Slide 14: Net Interest Income
Net Interest Income Margin Improved Each Quarter 5.00% $120,000 $102,303 $100,000 $92,653 4.50% $92,080 $90,439 $87,671 $80,000 4.00% $60,000 3.73% 3.50% 3.54% $40,000 3.28% 3.32% 3.26% 3.00% $20,000 $0 2.50% 2010 2011 2012 2013 2014 Net Interest Income Net Interest Margin 2014 Growth 13%
Slide 15: Non-Interest Income
Non-Interest Income Stable, Fee-Based Strategy Drives Increases $35,000 50% $30,737 $30,053 $30,000 45% $25,196 40% $25,000 Non-Interest Income/Total Revenue $21,509 $22,205 35% Non-Interest Income $20,000 30% 26% $15,000 23% 23% 25% 22% $10,000 19% 20% $5,000 15% $0 10% 2010 2011 2012 2013 2014 % o
Slide 16: Efficiency Ratio
Efficiency Ratio Leveraging Offices, People and Technology 60% Indianapolis and South Fishers and 55% Bend Market Expansion Clearwater offices in Indianapolis 52% 50% 51% 52% 50% 48% 47% 45% 40% 2009 2010 2011 2012 2013 2014
Slide 17: Asset Quality: Net Chargeoffs/Average Loans
Asset Quality Strong Reserve Coverage 0.60% 2.70% 2.39% 2.28% 2.40% 2.15% Loan Loss Reserve to Total Loans 0.50% Net Chargeoffs/Average Loans 1.92% 2.10% 0.40% 1.67% 1.80% 1.50% 0.30% Reserve to 1.20% Nonperforming 0.20% Loans = 338% 0.90% 0.60% 0.10% 0.54% 0.25% 0.20% 0.11% 0.10% 0.30% 0.00% 0.00%
Slide 18: Stable Healthy Dividend
Stable Healthy Dividend Dividend Payout Ratio of 32% $0.84 $0.90 $0.76 $0.80 $0.68 $0.70 $0.62 $0.62 $0.60 $0.50 $0.40 $0.30 $0.20 $0.10 $0.00 2010 2011 2012 2013 2014 Annualized 2014 Growth 11%
Slide 19: Long Term Shareholder Value
eee Long Term Shareholder Value Lakeland Financial Corporation - Price Change (%) == LKFN (+450.96%) == KBW Bank (-5.58%) m= SNL U.S. Bank (+1.28%) == NASDAQ Bank (+58.63%) === S&P 500 (+42.35%) 200 Price Change (%) -200) T T T T T T T T T T T T T T T 2000 2001 2002 2003 2004 2005 2006 2007 2008 200
Slide 20: Lake City Bank
Qvake City Bank (800) 827-4522 LAKECITYBANK.COM