Lakeland Financial Reports Repeated Record Earnings

Lakeland Financial Corp. is the parent of Lake City Bank.

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Warsaw-based Lakeland Financial Corp. (Nasdaq: LKFN) is reporting first quarter net income of $21.6 million, up from $18.3 million during the same period last year. The 18 percent increase sets another first quarter record for the parent of Lake City Bank.

Chief Executive Officer David Findlay says continued investment in people and technology-driven financial services solutions for clients continues to drive the bank’s continued success.

 “Our record results reflect our continued strong revenue growth, a healthy asset quality environment and stable economic trends in our Lake City Bank footprint. The opening of our 50th office in downtown Indianapolis this quarter highlights our continued organic growth strategy,” said Findlay. 

The Lake City Bank team says it will work to stay committed to delivering innovative technology solutions. The bank says it will continue to invest heavily in technology to ensure innovative, technology-driven solutions are available to its customers, said Findlay.