U.S. Markets open in 47 mins

Lakeland Financial: 4Q Earnings Snapshot

WARSAW, Ind. (AP) _ Lakeland Financial Corp. (LKFN) on Friday reported fourth-quarter earnings of $21.4 million.

The bank, based in Warsaw, Indiana, said it had earnings of 83 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.

The holding company for Lake City Bank posted revenue of $63.8 million in the period. Its revenue net of interest expense was $49.7 million, which also topped Street forecasts. Four analysts surveyed by Zacks expected $48.5 million.

For the year, the company reported profit of $80.4 million, or $3.13 per share. Revenue was reported as $191.4 million.

Lakeland Financial shares have risen 10 percent since the beginning of the year. The stock has fallen 11 percent in the last 12 months.


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