Lakeland Bancorp (LBAI) Reports Q4 EPS of $0.24

Lakeland Bancorp (NASDAQ: LBAI) reported Q4 EPS of $0.24, versus $0.21 reported last year.

During the fourth quarter of 2015, Pascack Bancorp shareholders approved the merger of Pascack Bancorp with and into the Company. This merger, along with the merger of Pascack Community Bank with and into Lakeland Bank, was consummated on January 7, 2016, adding approximately $390 million in total assets to the Company. The Company also acquired eight branches in the merger. The Company intends to close a total of three branches in overlapping areas, which will result in a net total of 53 branches for Lakeland Bank.

For earnings history and earnings-related data on Lakeland Bancorp (LBAI) click here.

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