WARSAW, Ind. (AP) _ Lakeland Financial Corp. (LKFN) on Monday reported third-quarter net income of $22.8 million.
The Warsaw, Indiana-based bank said it had earnings of 89 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The holding company for Lake City Bank posted revenue of $59.1 million in the period. Its revenue net of interest expense was $53 million, also beating Street forecasts.
Lakeland Financial shares have risen roughly 1% since the beginning of the year. The stock has climbed 8% in the last 12 months.
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