Lakeland Financial (LKFN) Reports Q1 EPS of $0.84

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Go back to Lakeland Financial (LKFN) Reports Q1 EPS of $0.84

Lakeland Financial Reports Record Quarterly Performance

April 25, 2019 8:00 AM EDT

WARSAW, Ind., April 25, 2019 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record quarterly net income of $21.7 million for the three months ended March 31, 2019, an increase of 18% versus $18.3 million for the first quarter of 2018.   Diluted earnings per share also increased 18% to $0.84 for the first quarter of 2019, versus $0.71 for the first quarter of 2018, also representing a record quarter for the company and its shareholders. On a linked quarter basis, net income increased $319,000, or 1% from the fourth quarter ended December 31, 2018, which had net income of $21.4 million and $0.83 diluted earnings per share.

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