Lakeland Bancorp (LBAI) Misses Q3 EPS by 1c
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Lakeland Bancorp Announces Third Quarter Results
October 27, 2022 8:00 AM EDTOAK RIDGE, N.J., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the Company), the parent company of Lakeland Bank (Lakeland), reported net income of $28.7 million and earnings per diluted share ("EPS") of $0.44 for the three months ended September 30, 2022 compared to net income of $22.3 million and diluted EPS of $0.43 for the three months ended September 30, 2021. For the third quarter of 2022, annualized return on average assets was 1.10%, annualized return on average common equity was 10.33% and annualized return on average tangible common equity was 13.87%.
Excluding merger-related expenses of $2.9 million after tax, third quarter net income... More
