Lakeland Bancorp (LBAI) Raises Quarterly Dividend 5.3% to $0.10; 2% Yield

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Go back to Lakeland Bancorp (LBAI) Raises Quarterly Dividend 5.3% to $0.10; 2% Yield

Lakeland Bancorp Grows Core EPS by 18% and Increases Dividend

April 27, 2017 8:01 AM EDT

OAK RIDGE, N.J., April 27, 2017 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the Company), the parent company of Lakeland Bank (Lakeland), reported net income of $12.3 million for the three months ended March 31, 2017 compared to $8.1 million for the same period in 2016.  For the three months ended March 31, 2017, diluted earnings per share (EPS) of $0.26 increased over $0.20 for the same period in 2016.  Core EPS, which excludes $1.7 million of pre-tax merger related expenses in the first quarter of 2016(1), increased 18% from $0.22 for the three months ended March 31, 2016 to $0.26 this quarter.  For the first quarter of 2017, return on average assets... More