Lake City Bank (LKFN) 2021年年度报告「NASDAQ」.pdf

1、LAKELAND FINANCIAL CORPORATION2021 ANNUAL REPORTLake City Bank Shareholders,Clients and Community Partners:The Lake City Bank team is exceptionally proud of our performance in 2021.For starters,we reported record net income of$95.7 million,an increase of 14%versus 2020.Weve reported record net incom

2、e in 31 of the last 33 years,with the Great Recession in 2009 and the COVID pandemic in 2020 representing the only years in which we did not have record net income performance.Its a three-decade track record of financial success that reflects our consistent and stable ability to generate strong perf

3、ormance for our shareholders.Speaking of shareholders,our performance over the last 20 years has produced a total return of 3,198%.In addition,our stock price increased 50%during 2021 in a very challenging market.We once again outperformed two key banking indexes as the Nasdaq Bank Index and the KBW

4、 Bank Index were up 40%and 35%,respectively.These results are a testament to the disciplined focus of the entire Lake City Bank team.We are an organization driven by execution and results.Once again,weve proven that our simple business model works well for our employees,our clients,our communities,a

5、nd our shareholders.We enter 2022 with great optimism and confidence in the core relationship businesses within Lake City Bank.During the last two years,we have experienced unprecedented growth that has challenged our management of the balance sheet and necessitated a level of flexibility and adapta

6、bility by the entire Lake City Bank team.There was nothing easy about it as we continued to manage through the COVID pandemic while at the same time maintaining our disciplined focus on the future.Community banking once again shined in 2021 and our business model continues to be highly relevant and