Lakeland Financial Corp. (LKFN) revealed a profit for first quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings came in at $20.09 million, or $0.78 per share. This compares with $23.40 million, or $0.91 per share, last year.
Excluding items, Lakeland Financial Corp. reported adjusted earnings of $20.09 million or $0.78 per share for the period.
Analysts on average had expected the company to earn $0.89 per share. Analysts' estimates typically exclude special items.
Lakeland Financial Corp. earnings at a glance (GAAP) :
-Earnings: $20.09 Mln. vs. $23.40 Mln. last year.
-EPS: $0.78 vs. $0.91 last year.
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