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.