Lake City Bank Shows Strong Q3

Lakeland Financial Corp. is the parent company of Lake City Bank.

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Warsaw-based Lakeland Financial Corp. (Nasdaq Global Select/LKFN), the parent company of Lake City Bank, has reported record third quarter net income of $21.5 million, compared to the $20.6 million during the same period last year.

“We experienced growth in every business unit and remain committed to our strategic growth in our Indiana markets. As the financial services sector continues to experience innovation in technology, we continue to invest in our people, infrastructure and technology to drive innovation for our customers,” said David Findlay, president and chief executive officer.

The company also reported record net income of $64.8 million for the nine months, compared to $59 million during the same time period in 2018.

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