Lakeland Financial Reports Record Performance
Second Quarter Net Income Increases 31%
Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record quarterly net income of $20.1 million for the three months ended June 30, an increase of 31% versus $15.4 million for the second quarter of 2017. Diluted earnings per share increased 30% to $0.78 for the second quarter of 2018, versus $0.60 for the second quarter of 2017, also representing a record quarter for the company and its shareholders. On a linked quarter basis, net income and diluted earnings per share both increased 10%. Net income increased $1.8 million from $18.3 million in the first quarter ended March 31, 2018 and diluted earnings per share increased from $0.71. Read more.