Lakeland Bancorp, Inc.

LBAI

US5116371007

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-10 pm EDT			5-day change	1st Jan Change
13.17 ^USD	-1.05%		+1.78%	-10.95%

May. 09	Provident Financial Services to Offer $200 Million in Subordinated Notes	MT
Apr. 26	Tranche Update on Lakeland Bancorp, Inc.'s Equity Buyback Plan announced on October 24, 2019.	CI

Lakeland Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

October 26, 2023 at 08:00 am EDT

Lakeland Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 68.91 million compared to USD 80.29 million a year ago. Net income was USD 22.24 million compared to USD 28.75 million a year ago. Basic earnings per share from continuing operations was USD 0.34 compared to USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.34 compared to USD 0.44 a year ago.
For the nine months, net interest income was USD 216.37 million compared to USD 230.98 million a year ago. Net income was USD 64.67 million compared to USD 73.79 million a year ago. Basic earnings per share from continuing operations was USD 0.98 compared to USD 1.13 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to USD 1.13 a year ago.

Latest news about Lakeland Bancorp, Inc.

Provident Financial Services to Offer $200 Million in Subordinated Notes	May. 09	MT
Tranche Update on Lakeland Bancorp, Inc.'s Equity Buyback Plan announced on October 24, 2019.	Apr. 26	CI
Keefe Bruyette & Woods Adjusts Lakeland Bancorp Price Target to $14.15 From $16.65, Maintains Market Perform Rating	Apr. 23	MT
Earnings Flash (LBAI) LAKELAND BANCORP Reports Q1 Revenue $67.7M	Apr. 19	MT
Earnings Flash (LBAI) LAKELAND BANCORP Posts Q1 EPS $0.30	Apr. 19	MT
Lakeland Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 19	CI
Lakeland Bancorp, Inc. Reports Net Charge-Offs for the First Quarter Ended March 31, 2024	Apr. 19	CI
Lakeland Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on May 8, 2024	Apr. 19	CI
North American Morning Briefing : Stock Futures -2-	Apr. 19	DJ
Provident Financial Services, Lakeland Bancorp Say Federal Reserve Approved Merger	Apr. 12	MT
Provident Financial, Lakeland Bancorp Merger Deal Gets FDIC, State Regulator Approvals	Mar. 25	MT
Tranche Update on Lakeland Bancorp, Inc.'s Equity Buyback Plan announced on October 24, 2019.	Feb. 28	CI
Keefe, Bruyette & Woods Trims Price Target on Lakeland Bancorp to $16.65 From $17.50, Maintains Market Perform Rating	Jan. 30	MT
Lakeland Bancorp Q4 Earnings, Revenue Decline	Jan. 25	MT
Earnings Flash (LBAI) LAKELAND BANCORP Reports Q4 Revenue $72.1M, vs. Street Est of $73.8M	Jan. 25	MT
Earnings Flash (LBAI) LAKELAND BANCORP Posts Q4 EPS $0.30	Jan. 25	MT
Lakeland Bancorp, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Jan. 25	CI
Lakeland Bancorp, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023	Jan. 25	CI
Lakeland Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on February 15, 2024	Jan. 25	CI
Provident Financial Services, Lakeland Bancorp Extend Merger Agreement to March 2024	Dec. 20	MT
Tranche Update on Lakeland Bancorp, Inc.'s Equity Buyback Plan announced on October 24, 2019.	Nov. 08	CI
Earnings Flash (LBAI) LAKELAND BANCORP Reports Q3 Revenue $74.3M	23-10-26	MT
Earnings Flash (LBAI) LAKELAND BANCORP Reports Q3 EPS $0.34	23-10-26	MT
Lakeland Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-26	CI
Northfield Bancorp Unit Appoints Chief Risk Officer	23-08-28	MT

Chart Lakeland Bancorp, Inc.

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Company Profile

Lakeland Bancorp, Inc. is a bank holding company for Lakeland Bank (the Bank). The Bank offers a suite of financial products and services for businesses and consumers. The Company offers a range of lending, depository, and related financial services to individuals and small to medium sized businesses located primarily in northern and central New Jersey, the Hudson Valley region in New York and surrounding areas. The Bank provides services in three categories: commercial bank services, consumer banking and other services. The Bank offers a range of lending services include commercial real estate loans, commercial and industrial loans, short- and medium-term loans, letters of credit, and others. Its consumer banking services include checking accounts, savings accounts, money market accounts, certificates of deposit, online banking and other. In addition, the Bank provides commercial title insurance services and life insurance products. The Bank operates approximately 68 branch offices.

Sector

Banks

Calendar

2024-07-24 - Q2 2024 Earnings Release (Projected)

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Russell 2000

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Ratings for Lakeland Bancorp, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

13.17 USD

Average target price

16.05 USD

Spread / Average Target

+21.87%

Consensus

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Quarterly earnings - Rate of surprise

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