Warsaw-based Lakeland Financial Corp. (Nasdaq: LKFN), the parent of Lake City Bank, is reporting full-year net income of $87 million, compared to $80.4 million the previous year.
Lake City is also reporting fourth-quarter net income of $22.2 million, compared to $21.4 million during the same period a year ago.
The bank says 2019 was the tenth consecutive year of record net income.
“In addition, we have reported record net income in 30 of the last 31 years,” said David Findlay, president and chief executive officer. “It’s a reflection of our unwavering commitment to our team, our communities and our clients and an affirmation of our execution-driven culture.”
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