Lake City Bank Reports Record Third Quarter

Warsaw-based Lake City Bank operates more than 50 branches in Indiana. (image courtesy: Lake City Bank)

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Warsaw-based Lakeland Financial Corp. (Nasdaq: LKFN) is reporting record third quarter net income of $24.1 million, compared to $22.8 million during the same period a year ago. Lakeland President and Chief Executive Officer David Findlay says the bank continues to produce “quality earnings” in a challenging operating environment.

”As we move into the last quarter of 2021, our disciplined and execution-focused strategies continue to deliver consistent revenue growth despite the difficult interest rate environment,” said Findlay.

The parent of Lake City Bank is also reporting record net income of $71.5 million for the nine months period, compared to $59.7 million during the period in 2020. Click here to view the full report.