Lakeland Financial (LKFN) Tops Q4 EPS by 4c

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Go back to Lakeland Financial (LKFN) Tops Q4 EPS by 4c

Lakeland Financial Reports Record Performance

January 25, 2019 8:00 AM EST

WARSAW, Ind., Jan. 25, 2019 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record net income of $80.4 million, which represents an increase of $23.1 million or 40% compared with net income of $57.3 million for 2017. Diluted earnings per share also increased 40% to $3.13 compared to $2.23 for 2017. This per share performance also represents a record for the company and its shareholders.

The company further reported record quarterly net income of $21.4 million for the three months ended December 31, 2018 versus $11.6 million for the comparable period of 2017, an increase of 84%. Diluted net income per common share was... More