Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $23.3 million for the three months ended September 30, 2024, which represents a decrease of $1.9 million, or 8%, compared with net income of $25.3 million for the three months ended September 30, 2023. Diluted earnings per share were $0.91 for the third quarter of 2024 and decreased $0.07, or 7%, compared to $0.98 for the third quarter of 2023. On a linked quarter basis, net income increased $789,000, or 3%, from second quarter 2024 net income of $22.5 million. Diluted earnings per share increased $0.04, or 5%, from $0.87 on a linked quarter basis. Read more.
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Lakeland Financial Reports Third Quarter Performance; Net Income Grows by 13% to $26.4 million, as Net Interest Income Expands by 14%
Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City
Bank, today reported net income of $26.4 million for the three months ended September 30, 2025, which represents an increase of $3.1 million, or 13%, compared with net income of $23.3 million for the three months ended September 30, 2024.
Lake City Bank Announces Significant Market Expansion in Fort Wayne at Electric Works
Lake City Bank is pleased to announce significant expansion in the Fort Wayne market due to its continued growth. The bank will lease approximately 15,025 square feet in Electric Works that will serve as the market headquarters of the bank’s Commercial Banking and Credit Administration teams. In addition, the bank will open a 2,500 square foot full-service branch at Electric Works to serve the growing community generated by the further development taking place at the Electric Works campus.
Lake City Bank’s Esperanza Arias Promoted to Retail Banking Officer at Elkhart River District Branch
Lake City Bank is pleased to announce that Esperanza Arias has been promoted to Retail Banking Officer at the bank’s Elkhart River District branch.
In this position, Arias leads sales and service efforts in the branch, manages the daily operations of the office and supports office staff in their efforts to provide quality service and build customer relationships. She has been with the bank for five years.