Lake City Bank announced the promotion of Senior Vice President Donald J. Robinson-Gay to Executive Vice President and Chief Credit Officer. Robinson-Gay, who has been with the bank for eight years and served as Chief Credit Officer for the past three years, brings extensive banking experience from previous roles at Accenture, M&I Bank, and BMO Harris Bank. He will continue overseeing the bank's loan portfolio, credit quality, and risk management.

Lakeland Financial Corporation announced a 4% increase in its quarterly dividend to $0.52 per share for Q1 2026, up from $0.50 in 2025. The increase reflects the company's strong capital foundation and disciplined balance sheet management. Lake City Bank, the parent company's subsidiary, operates 55 branches across Central and Northern Indiana with $6.9 billion in assets.

Lakeland Financial Corporation's Board of Directors approved a quarterly cash dividend of $0.52 per share for Q1 2026, representing a 4% increase from the previous $0.50 per share. CEO David M. Findlay attributed the increase to the company's strong capital foundation and disciplined balance sheet management. Lake City Bank, the parent company's subsidiary, operates 55 branches across Central and Northern Indiana.

Lake City Bank expanded its presence by opening its 55th branch in downtown Westfield, Indiana, located at 170 Jersey St. as part of The Union at Grand Junction development. The bank is also a financing partner for the mixed-use project.

Lake City Bank has acquired a property at 6388 Mills Drive in Whitestown, Indiana, with plans to renovate and convert the building into a full-service branch expected to open in 2026, expanding its presence in Boone County.

Lake City Bank plans to open a new branch in Whitestown, Indiana, located at 6388 Mills Drive. The renovation will convert a former restaurant building into a full-service banking facility, expected to open in 2026 and representing the bank's 10th office in the Indianapolis Region.

Lakeland Financial Corporation and Lake City Bank have appointed Dan Starr, CEO of Do it Best Corp., and Mindy Creighton truex, President of Creighton Brothers Farms LLC, to their respective Boards of Directors. The new board members bring extensive business and community leadership experience to the banks.

While the top- and bottom-line numbers for Lakeland Financial (LKFN) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

WARSAW, Ind., April 25, 2024 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $23.4 million for the three months ended March 31, 2024, which represents a decrease of $877,000, or 4%, compared with net income of $24.3 million for the three months ended March 31, 2023. Diluted earnings per share were $0.91 for the first quarter of 2024 and decreased 3% compared to $0.94 for the first quarter of 2023. On a linked quarter basis, net income decreased $6.2 million, or 21%, from fourth quarter 2023 net income of $29.6 million. Diluted earnings per share decreased from $1.16, or 22%.

WARSAW, Ind., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Lake City Bank, the single bank subsidiary of Lakeland Financial Corporation (Nasdaq Global Select/LKFN), announced today that David Findlay, Chairman and CEO; Kristin Pruitt, President and Lisa O’Neill, EVP and CFO will participate in the Keefe, Bruyette & Woods Winter Financial Services Conference to be held February 14 to 16, where they will participate in a series of one-on-one meetings with institutional investors.

MOD, EZPW and LKFN made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 5, 2023.

The headline numbers for Lakeland Financial (LKFN) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.