Lakeland Financial gains on higher Q2 profit

Lakeland Financial

25/07/2022 15:44

** Shares of Lakeland Financial Corp  LKFN.O  up 4.8% at
$73.76
    ** Stock sees biggest intraday percentage gain in 10 months
    ** Co reports Q2 net income of $25.7 mln or $1 per share, up
5% from last year  urn:newsml:reuters.com:*:nGNX7v0SHf
    ** Earnings helped by a 6% growth in core loans and an 11%
jump in net interest income, bank says
    ** Co also released $4 mln of credit loss reserves, it added
    ** As of last close, LKFN stock was down 12% YTD

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))