Lakeland Bancorp (LBAI) Tops Q4 EPS by 3c
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Lakeland Bancorp Announces Record Quarterly and Year-End 2022 Earnings
January 26, 2023 8:01 AM ESTOAK RIDGE, N.J., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the Company), the parent company of Lakeland Bank (Lakeland), reported net income of $33.6 million and earnings per diluted share ("EPS") of $0.51 for the three months ended December 31, 2022, compared to net income of $22.2 million and diluted EPS of $0.43 for the fourth quarter of 2021. For the fourth quarter of 2022, annualized return on average assets was 1.26%, annualized return on average common equity was 12.19% and annualized return on average tangible common equity was 16.42%.
For the year ended December 31, 2022, the Company reported net income of $107.4 million, a 13%... More
