Lakeland Bancorp (LBAI) Misses Q4 EPS by 2c
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Lakeland Bancorp Announces Quarterly and Year-End 2023 Earnings
January 25, 2024 8:00 AM ESTOAK RIDGE, N.J., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the Company), the parent company of Lakeland Bank (Lakeland), reported net income of $20.1 million and earnings per diluted share ("EPS") of $0.30 for the three months ended December 31, 2023, compared to net income of $33.6 million and diluted EPS of $0.51 for the fourth quarter of 2022. For the fourth quarter of 2023, annualized return on average assets was 0.73%, annualized return on average common equity was 6.97% and annualized return on average tangible common equity was 9.23%.
For the year ended December 31, 2023, the Company reported net income of $84.7 million, a 21%... More
