Lakeland Financial Corp. (LKFN), parent company of Lake City Bank, reported third-quarter net income of $5.2 million or $0.42 per share, compared to $4.4 million or $0.35 per share in the third quarter of 2007. On average, 3 analysts polled by First Call/Thomson Financial estimated the company to report $0.41 per share for the quarter.
Net interest income for the quarter grew to $17.27 million from $13.72 million in the prior year quarter. Non-interest income was $6.2 million, up from $5.13 million in the last year quarter.
In addition, Lakeland Financial declared a cash dividend of $0.155 per share, payable on November 5, to shareholders of record as of October 25, 2008.
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