Lakeland Financial (LKFN) Misses Q4 EPS by 3c

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Go back to Lakeland Financial (LKFN) Misses Q4 EPS by 3c

Lakeland Financial Reports Record Performance

January 26, 2015 8:00 AM EST

WARSAW, Ind., Jan. 26, 2015 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq: LKFN), parent company of Lake City Bank, today reported record high net income of $43.8 million for 2014. Net income increased 13% from $38.8 million for 2013. Diluted net income per common share increased 12% to $2.61 for 2014 versus $2.33 for 2013. This per share performance also represents a record level for the company and its shareholders since the company's founding in 1872.

The company further reported quarterly net income of $11.1 million for the fourth quarter of 2014, an increase of 5%, versus $10.6 million for the fourth quarter of 2013. Diluted net income per share was... More