WARSAW, Ind., Oct. 25, 2010 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq:LKFN), parent company of Lake City Bank, today reported record net income of $6.5 million for the third quarter of 2010, a 24% increase over the $5.3 million in the third quarter of 2009 and a record quarterly net income performance. Diluted net income per share for the quarter increased 11% to $0.40 versus $0.36 for the comparable period of 2009. On a linked quarter basis, net income increased 5% compared to net income of $6.2 million for the second quarter of 2010.
Lake City Bank Reports 24% Increase In Net Income And Record Quarter
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