Lakeland Financial reports Q1 EPS 78c, consensus 89c

Reports Q1 revenue $63.8M, consensus $63.71M. Tangible book value per share grew by $0.38, or 1%, to $26.85 “Our first quarter results are highlighted by double digit growth in net interest income and strong net interest margin expansion,” stated David M. Findlay, Chairman and CEO. “Further, we continued to experience healthy loan growth that was funded with equally positive deposit growth. The Lake City Bank team delivered encouraging operating results in the quarter.”