WARSAW — Lakeland Financial Corporation, parent company of Lake City Bank, reported Monday, Jan. 25, record high net income of $46.4 million for 2015, versus $43.8 million for 2014, an increase of 6 percent.

Diluted net income per common share increased 5 percent to $2.75 for 2015, versus $2.61 for 2014. This per share performance also represents a record level for the company and its shareholders. The company further reported record quarterly net income of $12.3 million for the fourth quarter of 2015, an increase of 11 percent, versus $11.1 million for the fourth quarter of 2014.

Diluted net income per common share was $0.73 for the fourth quarter of 2015, also an increase of 11 percent, versus $0.66 for the comparable period of 2014. On a quarter-linked basis net income increased by 6 percent or $721,000 from $11.6 million for the third quarter ended September 30, 2015.

David M. Findlay, president and CEO, said, “Our record performance in 2015 is the result of long-term, consistent, organic loan and deposit growth. We are particularly pleased to have crossed the $3 billion threshold in total loans in 2015. Our successful execution reflects the dedication and focus of the Lake City Bank team. We continue to focus on growing client relationships one at a time, with an emphasis on our Indiana communities.”

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