Updated from 2:20 p.m. EDT
Financial stocks generally tracked higher than the mixed broader market indices Monday, and one of the biggest winners was small-cap Lakeland Financial(LKFN Quote), which reported an increase in second-quarter earnings.
The Indiana bank posted earnings of $5.3 million, or 42 cents a share, vs. $4.8 million, or 39 cents a share, in the prior-year period. The stock closed $1.42, or 7.1%, higher at $21.49.
Also tracking higher on positive earnings results was Carolina Bank Holdings(CLBH Quote), which reported a jump in second-quarter earnings late Friday. The North Carolina-based bank posted earnings of $837,000, or 25 cents a share, up from $678,000 or 20 cents a share, a year ago. Shares was up 25 cents, or 2%, at $12.60. ...
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