Lakeland Financial: Q1 Earnings Snapshot
By AP News
Published - Apr 25, 2024, 08:12 AM ET
Last Updated - May 27, 2024, 01:07 AM EDT
WARSAW, Ind. (AP) — WARSAW, Ind. (AP) — Lakeland Financial Corp. (LKFN) on Thursday reported net income of $23.4 million in its first quarter.
The bank, based in Warsaw, Indiana, said it had earnings of 91 cents per share. Earnings, adjusted for non-recurring gains, were 88 cents per share.
The holding company for Lake City Bank posted revenue of $103.6 million in the period. Its revenue net of interest expense was $60 million, exceeding Street forecasts.
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