WARSAW, Ind. (AP) _ Lakeland Financial Corp. (LKFN) on Monday reported fourth-quarter earnings of $22.2 million.

The bank, based in Warsaw, Indiana, said it had earnings of 86 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The holding company for Lake City Bank posted revenue of $63.4 million in the period. Its revenue net of interest expense was $50 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $48.5 million.

For the year, the company reported profit of $87 million, or $3.38 per share. Revenue was reported as $200 million.

Lakeland Financial shares have dropped 2.5% since the beginning of the year. The stock has increased almost 6% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LKFN at https://www.zacks.com/ap/LKFN

Automated Insights, source Associated Press News