Lake City Bank Named to KBW Bank Honor Roll of High Performing Banks for the 8th Consecutive Year
Lake City Bank, the single bank subsidiary of Lakeland Financial Corporation (Nasdaq Global Select/LKFN), announced today that the bank was included in the 2019 KBW Bank Honor Roll published by Keefe Bruyette & Woods (KBW). This represents the eighth consecutive year that the bank has earned a place in the listing.
Lake City Bank is one of 18 banking institutions that met KBW’s criteria for inclusion in the 2019 Bank Honor Roll; the bank is also one of 16 members returning to the list.
“We are proud of our long term track record of creating value for our shareholders,” said David M. Findlay, President and Chief Executive Officer. “Our inclusion in the KBW Bank Honor Roll is a significant affirmation of our performance since it places us among our top-performing peers for the eighth consecutive year.”
To be eligible for the KBW Bank Honor Roll, banks with more than $500 million in total assets must have reported consecutive increases in annual earnings per share before extraordinary items on a diluted basis since 2009. KBW Bank Honor Roll members also have better-than-industry performance ratios and growth rates when compared to the publicly traded bank universe with total assets greater than $500 million, which includes nearly 375 companies.
Access the full news release announcing the 2019 Bank Honor Roll here.
Keefe, Bruyette & Woods, a wholly owned subsidiary of Stifel Financial Corp., is a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector and is widely recognized as a leading authority in the banking industry.
Lake City Bank, a $4.9 billion bank headquartered in Warsaw, Indiana, is the fifth largest bank headquartered in the state, and the largest bank 100% invested in Indiana. Lake City Bank operates 50 branch offices in northern and central Indiana, delivering technology-driven solutions in a client-centric way to individuals and businesses. The bank is the single bank subsidiary of Lakeland Financial Corporation (Nasdaq Global Select/LKFN).