 WARSAW, Ind. AP _ Lakeland Financial Corp. LKFN on Monday reported first-quarter profit of 17.3 million. The bank, based in Warsaw, Indiana, said it had earnings of 67 cents per share. The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. The holding company for Lake City Bank posted revenue of 61.2 million in the period. Its revenue net of interest expense was 49.6 million, which also topped Street forecasts. Four analysts surveyed by Zacks expected 47.4 million. Lakeland Financial shares have decreased 24 since the beginning of the year. The stock has decreased 21 in the last 12 months. ___ This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on LKFN at 