Lakeland Bancorp (LBAI) Raises Quarterly Dividend 11.8% to $0.095; 3.4% Yield

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Go back to Lakeland Bancorp (LBAI) Raises Quarterly Dividend 11.8% to $0.095; 3.4% Yield

Lakeland Bancorp Reports First Quarter 2016 Earnings and Increases Cash Dividend

April 26, 2016 9:04 AM EDT

OAK RIDGE, N.J., April 26, 2016 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the Company) reported the following results for the quarter ended March 31, 2016:

Net income for the first quarter of 2016 was $8.1 million and earnings per diluted share was $0.20.  Excluding the pre-tax impact of $1.7 million in merger related expenses pertaining to the Companys acquisition of Pascack Bancorp, Inc. (Pascack), which closed on January 7, 2016, net income for the first quarter of 2016 was $9.3 million, or $0.22 per diluted share.  The Company reported net income of $8.3 million, or $0.22 per diluted share, in the first quarter of... More