Loading...
•
Dec 31, 2019
Lakeland Financial Q4 2019 Earnings Report
Lakeland Financial reported record quarterly and annual net income and earnings per share.
Key Takeaways
Lakeland Financial Corporation reported a record quarterly net income of $22.2 million for the three months ended December 31, 2019, an increase of 4% compared to the same period in 2018. Diluted net income per common share was also a record for the quarter, increasing by 4% to $0.86. The company's performance reflects its commitment to its team, communities, and clients, and its execution-driven culture.
Record quarterly net income of $22.2 million, a 4% increase compared to Q4 2018.
Record diluted net income per common share of $0.86, a 4% increase compared to Q4 2018.
Net interest income decreased by $708,000, or 2%, to $38.9 million compared to Q4 2018.
Noninterest income increased by $1.0 million, or 10%, to $11.1 million compared to Q4 2018.