Lakeland Financial Corp. (LKFN), the parent company of Lake City Bank, reported a decline in second quarter net income to $4.8 million, or $0.39 per share, from $5.3 million, or $0.42 per share in the year-ago period.
Net interest income for the quarter increased 7% to $15.5 million from $13.7 million a year ago. Non-interest income was $6.0 million, up 13% from $5.3 million for the same period in 2007.
Provision for loan losses increased 233% to $3.0 million from $906 thousand in the second quarter last year.
The company also declared a cash dividend for the quarter of $0.155 per share, payable on August 5 to shareholders of record as of July 25, 2008, reflecting a 11% increase over the quarterly dividends paid in 2007.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.