Record quarterly profit for Lake City Bank
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Warsaw-based Lakeland Financial Corp. (Nasdaq: LKFN) is reporting record third quarter net income of $28.5 million, up from $24.1 million during the same period last year. The parent of Lake City Bank says the results represent the highest quarterly performance in the bank’s 150-year history.
The bank’s year-to-date net income is also a record $77.8 million, compared to $71.5 million through the same period in 2021.
“As we move through 2022, we are very proud of our performance through the last nine months,” Chief Executive Officer David Findlay said in written remarks. “We are a community bank committed to the economic growth and vitality of our Indiana markets, and we are pleased that we are experiencing strong organic loan growth. That is the best indicator of our support of our commercial and retail clients, and our teams are doing a great job delivering on that commitment.”
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