Lakeland Financial (LKFN) Misses Q4 EPS by 1c
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Lakeland Financial Reports Record Annual Performance
January 25, 2022 8:00 AM ESTWARSAW, Ind., Jan. 25, 2022 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record full year net income of $95.7 million, which represents an increase of $11.4 million, or 13.5%, compared with net income of $84.3 million for 2020. Diluted earnings per share of $3.74 was also a record for 2021, which increased 13.3% compared to $3.30 for 2020. Net income for 2021 benefited from growth in net interest income and lower provision expense as compared to 2020, offset by an increase in noninterest expense.
The company further reported quarterly net income of $24.3 million for the three months ended December 31, 2021 versus $24.6... More
