Lakeland Financial: Q4 Earnings Snapshot
By AP News
Published - Jan 25, 2024, 08:21 AM ET
Last Updated - Jan 25, 2024, 08:21 AM EST
WARSAW, Ind. (AP) — WARSAW, Ind. (AP) — Lakeland Financial Corp. (LKFN) on Thursday reported net income of $29.6 million in its fourth quarter.
The bank, based in Warsaw, Indiana, said it had earnings of $1.16 per share. Earnings, adjusted for non-recurring gains, came to 98 cents per share.
The holding company for Lake City Bank posted revenue of $108.2 million in the period. Its revenue net of interest expense was $65.8 million, surpassing Street forecasts.
For the year, the company reported profit of $93.8 million, or $3.65 per share. Revenue was reported as $246.9 million.
