Brief: Lakeland Financial Reports Record Annual Performance Record Annual Net Income Improves By 8% To $103.8 Million

Lakeland Financial

25/01/2023 13:08

Jan 25 (Reuters) - Lakeland Financial Corp  LKFN.O :
    * LAKELAND FINANCIAL REPORTS RECORD ANNUAL PERFORMANCE;
RECORD
ANNUAL NET INCOME IMPROVES BY 8% TO $103.8 MILLION
    * DILUTED NET INCOME PER COMMON SHARE $1.01 FOR Q4 OF 2022
    * QUARTERLY NET INCOME OF $26.0 MILLION FOR THREE MONTHS
ENDED
DECEMBER 31, 2022 VERSUS $24.3 MILLION FOR COMPARABLE PERIOD OF
2021
    * QTRLY NET INTEREST INCOME $56.8 MILLION, INCREASE OF $11.8
MILLION, OR 26%, COMPARED TO THREE MONTHS ENDED DEC31, 2021
    * PROVISION FOR CREDIT LOSSES FOR 2022 WAS $9.4 MILLION, UP
FROM
$1.1 MILLION IN 2021
    * Q4 EARNINGS PER SHARE VIEW $1.13 -- REFINITIV IBES DATA

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