Lakeland Financial Corporation reported record net income of $52.1 million for 2016. That compares to $46.4 million for 2015, which is an increase of 12%. Diluted net income per common share increased 11% to $2.05 for 2016, versus $1.84 for 2015 for the parent company for Lake City Bank. The company also reported record quarterly net income of $13.5 million for the fourth quarter of 2016, which is up 10% for the same period last year.
