Lakeland Financial

Lakeland Financial Corp. is a bank holding company, which engages in the provision of banking products and services. It offers commercial and consumer banking, trust and wealth management, brokerage, and treasury management commercial services. The company was founded on February 8, 1983 and is headquartered in Warsaw, IN.

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WARSAW, Indiana, April 12, 2021 (GLOBE NEWSWIRE) -- Lake City Bank announced today that the bank launched its next-generation digital banking platform combining digital functionality for commercial and retail clients in one device-agnostic solution on March 29, 2021.

Bank launches Lake City Bank Digital, a Next-Generation Platform for Consumers and Businesses

Lakeland Financial (LKFN) delivered earnings and revenue surprises of 18.29% and 8.12%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Lakeland Financial (LKFN) Beats Q4 Earnings and Revenue Estimates

Shares of Lakeland Financial (NASDAQ:LKFN) remained unaffected after the company reported Q4 results. Quarterly Results Earnings per share were up 12.79% over the past year to $0.97, which beat the estimate of $0.80.

Recap: Lakeland Financial Q4 Earnings

On Monday, January 25, Lakeland Financial (NASDAQ:LKFN) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Lakeland Financial's Earnings: A Preview

WARSAW, Ind., Jan. 13, 2021 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, announced that the Board of Directors approved a quarterly cash dividend for the fourth quarter of 2020 of $0.34 per share, payable on February 5, 2021 to shareholders of record as of January 25, 2021. The quarterly dividend represents a 13% increase over the quarterly dividend rate paid in the first three quarters of 2020.

Lake City Bank Parent Announces 13% Increase in Quarterly Dividend

WARSAW, Ind., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation ranked seventh overall, and in the top ten in six of ten categories in Bank Director Magazine's 2021 RankingBanking Performance Powerhouses study.

Lakeland Financial Ranked in Bank Director Magazine's Performance Powerhouses 2020 Study

Lakeland Financial (LKFN) delivered earnings and revenue surprises of 23.61% and 4.39%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Lakeland Financial (LKFN) Q3 Earnings and Revenues Surpass Estimates

Shares of Lakeland Financial (NASDAQ:LKFN) were unchanged after the company reported Q3 results. Quarterly Results Earnings per share rose 7.23% over the past year to $0.89, which beat the estimate of $0.71.

Lakeland Financial: Q3 Earnings Insights

WARSAW, Ind., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record quarterly net income of $22.8 million for the three months ended September 30, 2020, an increase of 6% versus $21.5 million for the third quarter of 2019. Diluted earnings per share increased 7% to $0.89 for the third quarter of 2020, versus $0.83 for the third quarter of 2019. This quarterly net income and earnings per share performance both represent quarterly records for the company and its shareholders. On a linked quarter basis, net income increased $3.1 million, or 16%, from the second quarter of 2020, in which the company had net income of $19.7 million, or $0.77, diluted earnings per share. Pretax pre-provision earnings1 were $29.9 million for the third quarter of 2020, an increase of 8%, or $2.3 million, from $27.6 million for the third quarter of 2019. On a linked quarter basis, pretax pre-provision earnings increased 1%, or $285,000, from $29.6 million for the second quarter of 2020.

Lakeland Financial Reports Record Third Quarter 2020 Performance

Lakeland Financial (LKFN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Lakeland Financial (LKFN) Q3 Earnings Expected to Decline

WARSAW, Ind., Sept.  03, 2020  (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today announced that David M. Findlay, President and Chief Executive Officer, and Lisa M. O’Neill, Executive Vice President, Chief Financial Officer, will participate in the Raymond James Virtual U.S. Bank Conference scheduled for September 9 – 10, 2020.

Lakeland Financial Corporation to Participate in the Raymond James Virtual U.S. Bank Conference

WARSAW, Ind., July  27, 2020  (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported quarterly net income of $19.7 million for the three months ended June 30, 2020, a decrease of 9% versus $21.7 million for the second quarter of 2019. Diluted earnings per share decreased 9% to $0.77 for the second quarter of 2020, versus $0.85 for the second quarter of 2019. On a linked quarter basis, net income increased $2.4 million, or 14%, from the first quarter of 2020, in which the company had net income of $17.3 million, or $0.67, diluted earnings per share. Pretax pre-provision earnings1 were $29.6 million for the second quarter of 2020, an increase of 6%, or $1.7 million, as compared to the second quarter of 2019. On a linked quarter basis, pretax pre-provision earnings increased 8%, or $2.1 million, from $27.5 million for the first quarter of 2020.

Lakeland Financial Reports Second Quarter 2020 Performance

Lakeland Financial (LKFN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Lakeland Financial (LKFN) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

WARSAW, Ind., April  29, 2020  (GLOBE NEWSWIRE) -- Lake City Bank, the single bank subsidiary of Lakeland Financial Corporation (Nasdaq Global Select/LKFN), announced today that the bank was included in the 2020 KBW Bank Honor Roll published by Keefe Bruyette & Woods (KBW). This represents the ninth consecutive year that the bank has earned a place in the listing. 

Lake City Bank Named to KBW Bank Honor Roll of High Performing Banks for the 9th Consecutive Year

Lakeland Financial (LKFN) delivered earnings and revenue surprises of 17.54% and 4.69%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Lakeland Financial (LKFN) Q1 Earnings and Revenues Top Estimates

Lakeland Financial (LKFN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season

Why Lakeland Financial (LKFN) Might Surprise This Earnings Season

WARSAW, Ind., April  20, 2020  (GLOBE NEWSWIRE) -- Lake City Bank announced today that the bank has received approval on 1,677 client loans totaling $530 million under the Small Business Administration’s Paycheck Protection Program. The Paycheck Protection Program (PPP) authorized up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. The Small Business Administration (SBA) began accepting applications under the program on Friday, April 3, 2020, and Lake City Bank filed its first application on behalf of a client that morning. The bank expects to complete funding of these commitments under the program by the end of this week.

Lake City Bank Facilitates $530 million of Paycheck Protection Program Loans

WARSAW, Ind., April  14, 2020  (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, announced that the Board of Directors approved a quarterly cash dividend for the first quarter of 2020 of $0.30 per share, payable on May 5, 2020 to shareholders of record as of April 25, 2020. The quarterly dividend is unchanged from the quarterly dividend rate paid  for the fourth quarter 2019.

Lake City Bank Parent Announces Quarterly Dividend

Lakeland Financial (LKFN) delivered earnings and revenue surprises of 11.69% and 3.17%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Lakeland Financial (LKFN) Surpasses Q4 Earnings and Revenue Estimates

Analysts Estimate Lakeland Financial (LKFN) to Report a Decline in Earnings: What to Look Out for

WARSAW, Ind., Jan.  07, 2020  (GLOBE NEWSWIRE) -- Lake City Bank announced today that it has initiated the final phase of a $21.7 million multi-year capital investment program in its Downtown Warsaw Campus and Kosciusko County offices.

Lake City Bank Enters Final Phase of $21.7 million Warsaw Campus and Kosciusko County Investment

Revenue growth, earnings potential and strong balance sheet position reflect Lakeland Financial's (LKFN) upside potential.

5 Reasons That Make Lakeland Financial Stock a Good Bet Now

WARSAW, Ind., Nov.  12, 2019  (GLOBE NEWSWIRE) -- Lake City Bank is pleased to announce that Rick Donovan has joined the bank as Senior Vice President, General Counsel. Donovan will manage the bank’s risk management groups and join the bank’s Management Committee. He assumes the general counsel role from Kristin L. Pruitt, Executive Vice President and Chief Administrative Officer, as a result of the recent expansion of her management responsibilities.

Rick Donovan joins Lake City Bank as Senior Vice President, General Counsel

WARSAW, Ind., Nov.  07, 2019  (GLOBE NEWSWIRE) -- Lake City Bank is pleased to announce that it has promoted Stephanie R. Leniski to Senior Vice President, Retail Banking Manager, a position in which she leads the Retail division for Lake City Bank, and joins the bank’s Management Committee. Leniski succeeds Kevin L. Deardorff, Executive Vice President, who has led the Retail Banking business since 1990. 

Lake City Bank Promotes Stephanie R. Leniski to head Retail Banking division

Year to Date Net Income Increases by 10% over 2018 Year to Date Net Income Increases by 10% over 2018

News for Lakeland Financial Stock (LKFN)