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

Major Banks

Finance

Get the next $LBAI alert in real time by email

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.

Get the next $LBAI alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$LBAI

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

More analyst ratings

$LBAI
Financials

Live finance-specific insights

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
$LBAI
Major Banks
Finance
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
$LBAI
Major Banks
Finance
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
$LBAI
Major Banks
Finance

$LBAI
Press Releases

Fastest customizable press release news feed in the world

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
$LBAI
Major Banks
Finance
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
$LBAI
$PFS
Major Banks
Finance
Savings Institutions
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
$LBAI
Major Banks
Finance

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

Chat with this insight

Recent Analyst Ratings for
$LBAI

$LBAI
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Lakeland Bancorp downgraded by Raymond James with a new price target

Lakeland Bancorp upgraded by Raymond James with a new price target

$LBAI
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Mccracken Robert E bought $46,186 worth of shares (3,661 units at $12.62), increasing direct ownership by 5% to 75,277 units (SEC Form 4)

$LBAI
Large Ownership Changes

This live feed shows all institutional transactions in real time.

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)

$LBAI
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Mccracken Robert E returned 150,813 shares to the company, closing all direct ownership in the company (SEC Form 4)

Nicholson Robert K Iii returned 208,977 shares to the company, closing all direct ownership in the company (SEC Form 4)

Hanson James E. Ii returned 147,586 shares to the company, closing all direct ownership in the company (SEC Form 4)

$LBAI
Market Insights

Live Market Insights

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