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Lakeland Financial: 3Q Earnings Snapshot

WARSAW, Ind. (AP) _ Lakeland Financial Corp. (LKFN) on Thursday reported third-quarter profit of $20.6 million.

The bank, based in Warsaw, Indiana, said it had earnings of 80 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The holding company for Lake City Bank posted revenue of $60.8 million in the period. Its revenue net of interest expense was $48.4 million, missing Street forecasts. Four analysts surveyed by Zacks expected $48.6 million.

Lakeland Financial shares have fallen 14 percent since the beginning of the year. The stock has fallen 15 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LKFN at https://www.zacks.com/ap/LKFN