Lakeland Financial: Q4 Earnings Snapshot

Associated Press Finance
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WARSAW, Ind. (AP) — WARSAW, Ind. (AP) — Lakeland Financial Corp. (LKFN) on Thursday reported net income of $29.6 million in its fourth quarter.

The bank, based in Warsaw, Indiana, said it had earnings of $1.16 per share. Earnings, adjusted for non-recurring gains, came to 98 cents per share.

The holding company for Lake City Bank posted revenue of $108.2 million in the period. Its revenue net of interest expense was $65.8 million, surpassing Street forecasts.

For the year, the company reported profit of $93.8 million, or $3.65 per share. Revenue was reported as $246.9 million.

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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

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