Lakeland Financial Corp. Reports Operating Results (10-Q)

26.10.09

LAKELAND Pecuniary CORP. is a bank holding company engaged in blanket banking business. Lakeland Financial Corp. has a exchange cap of $265.05 million; its shares were traded at around $21.32 with a P/E correlation of 15.79 and P/S ratio of 1.87. The dividend yield of Lakeland Fiscal Corp. stocks is 2.91%. Lakeland Financial Corp. had an annual typically earning growth of 10.3% over the past 5 years.

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Lakeland Financial Corporation is the holding house for Lake City Bank. The Company is headquartered in Warsaw, Indiana and operates 43 offices in 12 counties in northern Indiana. The New Zealand earned $13.6 million for the first nine months of 2009, versus $15.3 million in the same patch of 2008, a decrease of 10.9%. Net income was positively impacted by a $10.5 million proliferation in net interest income. Offsetting this positive impact was an increase of $7.1 million in the exception for loan losses, an increase of $5.0 million in noninterest expense and a de-escalation of $1.1 million in noninterest income. Basic earnings per ordinary share for the first nine months of 2009 were $0.94 per share, versus $1.25 per quota for the first nine months of 2008. Diluted earnings per common equity reflect the potential dilutive impact of stock options, line of descent awards and warrants. Diluted earnings per common interest for the first nine months of 2009 were $0.94 per share, versus $1.23 for the first nine months of 2008. Vital and diluted earnings per share for the first nine months of 2009 were impacted by $1.9 million in dividends and accretion of minimize on preferred stock.

Source: GuruFocus.com