Lakeland Bancorp (LBAI) Tops Q2 EPS by 1c

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Go back to Lakeland Bancorp (LBAI) Tops Q2 EPS by 1c

Lakeland Bancorp Announces Record Quarterly Results

July 28, 2022 8:00 AM EDT

OAK RIDGE, N.J., July 28, 2022 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the Company), the parent company of Lakeland Bank (Lakeland), reported net income of $29.1 million and earnings per diluted share ("EPS") of $0.44 for the three months ended June 30, 2022 compared to net income of $27.4 million and diluted EPS of $0.53 for the three months ended June 30, 2021. For the second quarter of 2022, annualized return on average assets was 1.15%, annualized return on average common equity was 10.71% and annualized return on average tangible common equity was 14.45%.

For the six months ended June 30, 2022, the Company reported net... More