Lakeland Financial (LKFN) Reports In-Line Q2 EPS

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Go back to Lakeland Financial (LKFN) Reports In-Line Q2 EPS

Lakeland Second Quarter Financial Performance Driven by Strong Loan Growth

July 24, 2015 8:00 AM EDT

WARSAW, Ind., July 24, 2015 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq: LKFN), parent company of Lake City Bank, today reported net income of $22.5 million for the six months ended June 30, 2015 versus $21.2 million for the comparable period of 2014, an increase of 6%. Diluted net income per common share also increased 6% to $1.34 for the six months ended June 30, 2015 versus $1.27 for the comparable period of 2014.

The company further reported net income of $11.4 million for the second quarter of 2015, an increase of 1% versus $11.3 million for the second quarter of 2014. Diluted net income per common share was $0.68 for the second... More