Lakeland Financial Reports Strong Q4 Earnings
WARSAW, Ind. -- Lakeland Financial Corp. (LKFN) reported a profit of $24.2 million, or 94 cents per share, for the fourth quarter of 2023.
The Warsaw, Indiana-based bank reported revenue of $105.2 million for the quarter, driven by a strong net interest income of $63.6 million. This exceeded analysts' estimates.
For the full year 2023, Lakeland Financial recorded a profit of $93.5 million, or $3.63 per share. Revenue for the year was reported at $253.5 million.
"We are pleased with our performance in the fourth quarter and for the full year 2023," said Lakeland Financial President and CEO David Findlay. "Our strong net interest income growth and disciplined expense management drove our improved financial results."