Lakeland Financial Corporation, the parent company of Lake City Bank, today reported record high net income of $43.8 million for 2014. Net income increased 13%, and diluted net income per common share increased 12% to $2.61. The company also reported quarterly net income of $11.1 million for the fourth quarter of 2014, an increase of 5% compared to the fourth quarter of 2013. Diluted net income per share was $0.66 for the fourth quarter of last year, an increase of 5% compared to the year before.
