Lakeland Financial Posts Q3 Profit of $28.9 Million, Beats Analyst Estimates

Lakeland Financial Corp. (LKFN) on Monday reported third-quarter profit of $28.9 million, or $1.14 per share, topping Wall Street expectations. The Warsaw, Indiana-based bank holding company beat the average estimate of $1.08 per share from three analysts surveyed by Zacks Investment Research. The parent of Lake City Bank posted revenue of $109.6 million for the period, with revenue net of interest expense at $74.1 million.