{"id":750435,"date":"2023-04-24T16:04:02","date_gmt":"2023-04-24T20:04:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lake-city-bank-named-to-kbw-bank-honor-roll-of-high-performing-banks-for-the-12th-consecutive-year\/"},"modified":"2023-04-24T16:04:02","modified_gmt":"2023-04-24T20:04:02","slug":"lake-city-bank-named-to-kbw-bank-honor-roll-of-high-performing-banks-for-the-12th-consecutive-year","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lake-city-bank-named-to-kbw-bank-honor-roll-of-high-performing-banks-for-the-12th-consecutive-year\/","title":{"rendered":"Lake City Bank Named to KBW Bank Honor Roll of High Performing Banks for the 12th Consecutive Year"},"content":{"rendered":"<div class=\"mw_release\">\n<p>WARSAW, Ind., April  24, 2023  (GLOBE NEWSWIRE) &#8212; Lake City Bank, the single bank subsidiary of Lakeland Financial Corporation (Nasdaq Global Select\/LKFN), announced today that the bank\u2019s long term performance earned it inclusion in the 2023 KBW Bank Honor Roll published by Keefe Bruyette &amp; Woods, Inc. (KBW), the 12<sup>th<\/sup> consecutive year that the bank has earned a place in the listing.<\/p>\n<p>Lake City Bank is one of 14 banking institutions, just 4% of all banks screened, that met KBW\u2019s criteria for inclusion in the 2023 Bank Honor Roll; 11 banks are returning members to the list. KBW Bank Honor Roll members have better-than-industry performance ratios and growth rates when compared to the publicly traded bank universe with total assets greater than $500 million, which includes 350 companies listed on the NYSE and Nasdaq exchanges.<\/p>\n<p>\u201cLake City Bank\u2019s appearance in the KBW Bank Honor Roll for the twelfth consecutive year is particularly gratifying in light of recent challenges in the banking industry. The criteria for inclusion in the KBW Bank Honor Roll is a diverse set of performance measures that truly define strong operating performance over a long period of time and we are very proud of our long term spot on the Honor Roll,\u201d said David M. Findlay, President and Chief Executive Officer. \u201cOur performance continues to reflect our commitment to long term shareholder value creation and affirms the entire Lake City Bank team\u2019s disciplined and execution-driven strategies.\u201d<\/p>\n<p>To be eligible for the KBW Bank Honor Roll, banks with more than $500 million in total assets must have reported consecutive increases in annual earnings per share yearly over the past decade. Beginning with the 2021 Honor Roll, KBW modified this criterion to account for the impact of the adoption of current expected credit loss (CECL) accounting on 2020 earnings. Banks that met the annual earnings-per-share growth requirements for all years save 2020 are eligible for inclusion if in 2020 they reported an annual profit and annual pre-tax pre-provision net income per share growth.<\/p>\n<p>Access the full news release announcing the 2022 Bank Honor Roll <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Xb14lS3UrDgSLz7s1-TwFd-DgReXlSdA_pZ_E8RmVDJUj1PD38BeJtJSPCdnJryhAZ1PeUZdii7XWqOiYOPylQpFsuOUlJHOMgvoJhEwsfzI3egOKvdGq3o2NsBALYm16uvBfKGZJnI2nDuh8UNOE0rzrnPT3WVdf7umJ4yrckP8iULlC2L51lnHM9r7i48pnYo5cdAxhZsPhyFIoGR8Dg==\" rel=\"nofollow noopener\" target=\"_blank\">here<\/a>.<\/p>\n<p>KBW (Keefe, Bruyette &amp; Woods, Inc., operating in the U.S., and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette &amp; Woods Europe, operating in Europe) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. Founded in 1962, the firm maintains industry\u2010leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities securities of financial services companies.\u00a0<\/p>\n<p>Lake City Bank, a $6.4 billion bank headquartered in Warsaw, Indiana, is the sixth largest bank headquartered in the state, and the largest bank 100% invested in Indiana. Lake City Bank operates 53 branch offices in northern and central Indiana, delivering technology-driven solutions in a client-centric way to individuals and businesses. The bank is the single bank subsidiary of Lakeland Financial Corporation (Nasdaq Global Select\/LKFN). For more information visit lakecitybank.com.<\/p>\n<p>\n        <strong>Contact<\/strong><br \/>\n        <br \/>Mary Horan<br \/>Director of Marketing and Public Relations<br \/>574 371-9280 office<br \/>574 377-9150 mobile<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4pgey73XT0XlDZ55CF-w_c646vO_uzgRJUBI-ENZRqUFR5wc3WLqyzzLrCjJa1Gk4FF68MJgOCzEkGypH4SNKThmnmslVmjwOzf6V3BHqZ6lLmTIgtoLlR08Xpbi60-q\" rel=\"nofollow noopener\" target=\"_blank\">mary.horan@lakecitybank.com<\/a><\/p>\n<p>\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNDMyMyM1NTUzODU3IzIwMTg5MTM=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NzQ3ZWI1YjEtZDY1OS00NDFiLTk1MzUtNjgwNDY3MDA1N2Q3LTEwMzA0ODY=\/tiny\/Lake-City-Bank.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WARSAW, Ind., April 24, 2023 (GLOBE NEWSWIRE) &#8212; Lake City Bank, the single bank subsidiary of Lakeland Financial Corporation (Nasdaq Global Select\/LKFN), announced today that the bank\u2019s long term performance earned it inclusion in the 2023 KBW Bank Honor Roll published by Keefe Bruyette &amp; Woods, Inc. (KBW), the 12th consecutive year that the bank has earned a place in the listing. Lake City Bank is one of 14 banking institutions, just 4% of all banks screened, that met KBW\u2019s criteria for inclusion in the 2023 Bank Honor Roll; 11 banks are returning members to the list. KBW Bank Honor Roll members have better-than-industry performance ratios and growth rates when compared to the publicly traded bank universe with total assets &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lake-city-bank-named-to-kbw-bank-honor-roll-of-high-performing-banks-for-the-12th-consecutive-year\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lake City Bank Named to KBW Bank Honor Roll of High Performing Banks for the 12th Consecutive Year&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-750435","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lake City Bank Named to KBW Bank Honor Roll of High Performing Banks for the 12th Consecutive Year - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lake-city-bank-named-to-kbw-bank-honor-roll-of-high-performing-banks-for-the-12th-consecutive-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lake City Bank Named to KBW Bank Honor Roll of High Performing Banks for the 12th Consecutive Year - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"WARSAW, Ind., April 24, 2023 (GLOBE NEWSWIRE) &#8212; Lake City Bank, the single bank subsidiary of Lakeland Financial Corporation (Nasdaq Global Select\/LKFN), announced today that the bank\u2019s long term performance earned it inclusion in the 2023 KBW Bank Honor Roll published by Keefe Bruyette &amp; Woods, Inc. (KBW), the 12th consecutive year that the bank has earned a place in the listing. Lake City Bank is one of 14 banking institutions, just 4% of all banks screened, that met KBW\u2019s criteria for inclusion in the 2023 Bank Honor Roll; 11 banks are returning members to the list. KBW Bank Honor Roll members have better-than-industry performance ratios and growth rates when compared to the publicly traded bank universe with total assets &hellip; Continue reading &quot;Lake City Bank Named to KBW Bank Honor Roll of High Performing Banks for the 12th Consecutive Year&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lake-city-bank-named-to-kbw-bank-honor-roll-of-high-performing-banks-for-the-12th-consecutive-year\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-24T20:04:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNDMyMyM1NTUzODU3IzIwMTg5MTM=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lake-city-bank-named-to-kbw-bank-honor-roll-of-high-performing-banks-for-the-12th-consecutive-year\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lake-city-bank-named-to-kbw-bank-honor-roll-of-high-performing-banks-for-the-12th-consecutive-year\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Lake City Bank Named to KBW Bank Honor Roll of High Performing Banks for the 12th Consecutive Year\",\"datePublished\":\"2023-04-24T20:04:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lake-city-bank-named-to-kbw-bank-honor-roll-of-high-performing-banks-for-the-12th-consecutive-year\\\/\"},\"wordCount\":526,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lake-city-bank-named-to-kbw-bank-honor-roll-of-high-performing-banks-for-the-12th-consecutive-year\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgyNDMyMyM1NTUzODU3IzIwMTg5MTM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lake-city-bank-named-to-kbw-bank-honor-roll-of-high-performing-banks-for-the-12th-consecutive-year\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lake-city-bank-named-to-kbw-bank-honor-roll-of-high-performing-banks-for-the-12th-consecutive-year\\\/\",\"name\":\"Lake City Bank Named to KBW Bank Honor Roll of High Performing Banks for the 12th Consecutive Year - 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