Lakeland Bancorp (LBAI) Reports Q4 EPS of $0.24

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Go back to Lakeland Bancorp (LBAI) Reports Q4 EPS of $0.24

Lakeland Bancorp Reports Record Full Year Results and Closes Pascack Bancorp Acquisition

January 28, 2016 9:28 AM EST

OAK RIDGE, N.J., Jan. 28, 2016 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the Company) reported the following results for the fourth quarter of 2015 and for the year ended December 31, 2015:

Net income for the fourth quarter of 2015 was $8.5 million, a 7% increase compared to $7.9 million for the fourth quarter of 2014.  Earnings per diluted share in the fourth quarter of 2015 was $0.22, compared to $0.21 in the fourth quarter of 2014.  Excluding the impact of $822 thousand in merger related expenses, net income for the fourth quarter of 2015 was $9.2 million, or $0.24 per diluted share. For... More