Warsaw-based Lakeland Financial Corp. (Nasdaq: LKFN) is reporting record first quarter net income of $18.3 million, up from $14.5 million during the same period last year. The parent of Lake City Bank has achieved record profit in eight of the last nine quarters.
The results follow a record year for the bank in 2017.
Chief Executive Officer David Findlay says, "Lake City Bank’s strong first quarter performance was highlighted by the record net income for the quarter, but we are particularly proud of the healthy loan and deposit growth in the quarter. Our ability to consistently produce performance for our shareholders begins with balance sheet growth and this represents a good start to 2018."
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