Lakeland Financial Continues Record Profits

Posted: Updated:
WARSAW -

Warsaw-based Lakeland Financial Corp. (Nasdaq: LKFN), the parent of Lake City bank, is reporting record net income of $80.4 million for 2018, an increase of $23.1 million over 2017 levels. The company also reported quarterly net income of $21.4 million for the last three months of 2018, which is an increase of 84% over the comparable period of 2017. 

President and Chief Executive Officer David Findlay says it's the company's ninth consecutive year of record income performance. 

"Our long-term performance is especially gratifying as we have reported record net income in 29 of the last 30 years. We’re particularly proud of our ability to consistently produce quality earnings over the last three decades for our shareholders.”

Lake City Bank operates 50 offices in Central and Northern Indiana.

  • Perspectives

    • Indiana's Regrettable Struggle to Pass Hate Crime Legislation

      It shouldn’t be this hard. The Senate’s Public Policy Committee voted 9-1 in favor of SB-12 this week, a bill that would have codified (as written) hate crime bias to include protections for race, religion, color, sex, gender identity, disability, national origin, ancestry, sexual orientation, and age. SB-12 then made its way to the full Senate. Preceded by a lengthy deliberation by the Senate’s Republican caucus, the Senate voted 33-16 in favor of a watered-down...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Picture Courtesy: Ratio Architects

      Hilton Bringing New Hotel Brand to Indy

      Hilton (NYSE: HLT) has chosen Indianapolis as one of three markets where it will roll out its new Signia Hilton brand. The hospitality company says Signia Hilton will target meeting professionals and business travelers hosting and attending large events. The 800-room Signia Hilton will be the larger of the two hotel towers planned for the Pan Am Plaza site as part of a $120 million Indiana Convention Center expansion. Visit Indy Senior Vice President Chris Gahl expects...

    • Rolls-Royce to Make Indy Jobs Announcement

      Rolls-Royce Corp. in Indianapolis will Monday make an announcement about a new campaign and jobs. Few details were provided, however the company says the announcement will involve a new U.S. defense engine program.

    • (image courtesy WTHR-TV)

      Governor Holcomb Launches Next Level Broadband Program

      Governor Eric Holcomb has launched a program dedicating $100 million to bring broadband to rural areas of the state. The Next Level Broadband Program will be overseen by Lt. Governor Suzanne Crouch and the Indiana Office of Community and Rural Affairs. The Indiana Department of Transportation will administer grants and provide technical support.  

    • Indiana's Regrettable Struggle to Pass Hate Crime Legislation

      It shouldn’t be this hard. The Senate’s Public Policy Committee voted 9-1 in favor of SB-12 this week, a bill that would have codified (as written) hate crime bias to include protections for race, religion, color, sex, gender identity, disability, national origin, ancestry, sexual orientation, and age. SB-12 then made its way to the full Senate. Preceded by a lengthy deliberation by the Senate’s Republican caucus, the Senate voted 33-16 in favor of a watered-down...

    • Hoosier Hospitals Make Top 100 Lists

      Several Indiana hospitals are included in two lists from The Chartis Center for Rural Health that feature the top 100 critical access hospitals and rural and community hospitals. The healthcare advisory services and analytics company says the lists are based on the results of the Hospital Strength Index from iVantage Health Analytics, which provides a "comprehensive and objective assessment of rural provider performance." The Chartis Center says the hospitals that make...