Lakeland Bancorp Q1 EPS $0.30 Beats $0.27 Estimate, Sales $67.65M Miss $69.61M Estimate

4/19/24 8:04:14 AM ET

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Lakeland Bancorp (NASDAQ:LBAI) reported quarterly earnings of $0.30 per share which beat the analyst consensus estimate of $0.27 by 11.11 percent. This is unchanged from the same period last year. The company reported quarterly sales of $67.65 million which missed the analyst consensus estimate of $69.61 million by 2.81 percent. This is a 17.69 percent decrease over sales of $82.19 million the same period last year.

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
7/7/2022	$20.00 → $17.00	Strong Buy → Outperform	Raymond James

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Lakeland Bancorp Announces First Quarter Results
OAK RIDGE, N.J., April 19, 2024 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the "Company"), the parent company of Lakeland Bank ("Lakeland"), reported net income of $19.8 million and earnings per diluted share ("EPS") of $0.30 for the three months ended March 31, 2024 compared to net income of $19.8 million and diluted EPS of $0.30 for the three months ended March 31, 2023. For the first quarter of 2024, annualized return on average assets was 0.73%, annualized return on average common equity was 6.79% and annualized return on average tangible common equity (non-GAAP) was 8.91%. Thomas Shara, Lakeland Bancorp's President and CEO commented on the quarterly financial results,
4/19/24 8:00:37 AM ET
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Lakeland Bancorp Announces Date for First Quarter Earnings
OAK RIDGE, N.J., April 10, 2024 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the "Company") announced that it expects to report earnings for the first quarter ended March 31, 2024, on Friday, April 19, 2024, at approximately 8:00 a.m. ET. A copy of the earnings release will be immediately available on its website. The Company will not be hosting an earnings conference call to review the first quarter 2024 results. About Lakeland Bancorp, Inc. At December 31, 2023, Lakeland Bancorp, Inc. had approximately $11.14 billion in total assets. With an extensive branch network and commercial lending centers throughout New Jersey and Highland Mills, New York, Lakeland Bank, a wholly-
4/10/24 1:07:14 PM ET
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Lakeland Bancorp Announces Quarterly and Year-End 2023 Earnings
OAK 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% decrease compared to
1/25/24 8:00:36 AM ET
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Lakeland Bancorp Announces First Quarter Results
OAK RIDGE, N.J., April 19, 2024 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the "Company"), the parent company of Lakeland Bank ("Lakeland"), reported net income of $19.8 million and earnings per diluted share ("EPS") of $0.30 for the three months ended March 31, 2024 compared to net income of $19.8 million and diluted EPS of $0.30 for the three months ended March 31, 2023. For the first quarter of 2024, annualized return on average assets was 0.73%, annualized return on average common equity was 6.79% and annualized return on average tangible common equity (non-GAAP) was 8.91%. Thomas Shara, Lakeland Bancorp's President and CEO commented on the quarterly financial results,
4/19/24 8:00:37 AM ET
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Provident Financial Services, Inc. Receives Federal Reserve Board Approval for its Merger with Lakeland Bancorp, Inc.
ISELIN, N.J. and OAK RIDGE, N.J, April 11, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) ("Provident"), the parent company of Provident Bank, and Lakeland Bancorp, Inc. (NASDAQ:LBAI) ("Lakeland"), the parent company of Lakeland Bank, today announced receipt of regulatory approval from the Board of Governors of the Federal Reserve System (the "Federal Reserve") for Provident and Lakeland to complete their previously announced merger. With this approval, no further regulatory approvals are required to complete the merger. Consistent with the approval of the Federal Deposit Insurance Corporation for the merger, the Federal Reserve approval is subject to a commitment
4/11/24 6:59:34 PM ET
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Lakeland Bancorp Announces Date for First Quarter Earnings
OAK RIDGE, N.J., April 10, 2024 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the "Company") announced that it expects to report earnings for the first quarter ended March 31, 2024, on Friday, April 19, 2024, at approximately 8:00 a.m. ET. A copy of the earnings release will be immediately available on its website. The Company will not be hosting an earnings conference call to review the first quarter 2024 results. About Lakeland Bancorp, Inc. At December 31, 2023, Lakeland Bancorp, Inc. had approximately $11.14 billion in total assets. With an extensive branch network and commercial lending centers throughout New Jersey and Highland Mills, New York, Lakeland Bank, a wholly-
4/10/24 1:07:14 PM ET
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Lakeland Bancorp Q1 EPS $0.30 Beats $0.27 Estimate, Sales $67.65M Miss $69.61M Estimate

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Recent Analyst Ratings for
$LBAI

$LBAI
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Lakeland Bancorp Announces First Quarter Results

Lakeland Bancorp Announces Date for First Quarter Earnings

Lakeland Bancorp Announces Quarterly and Year-End 2023 Earnings

$LBAI
Press Releases

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Lakeland Bancorp Announces First Quarter Results

Provident Financial Services, Inc. Receives Federal Reserve Board Approval for its Merger with Lakeland Bancorp, Inc.

Lakeland Bancorp Announces Date for First Quarter Earnings

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SEC Form SC 13G filed by Lakeland Bancorp Inc.

SEC Form SC 13G filed by Lakeland Bancorp Inc.

SEC Form SC 13G/A filed by Lakeland Bancorp Inc. (Amendment)

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Lakeland Bancorp downgraded by Raymond James with a new price target

Lakeland Bancorp upgraded by Raymond James with a new price target

Keefe, Bruyette & Woods Maintains Market Perform on Lakeland Bancorp, Lowers Price Target to $14.15