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Fee income and securities sales lifted Lakeland Bancorp (LBAI) in Oak Ridge, N.J., in the first quarter.
April 18 -
Lakeland Bancorp (LBAI) in Oak Ridge, N.J., has tapped a new leader for its bank just two days after announcement plans to buy Somerset Hills Bancorp (SOMH).
January 31 -
The New Jersey company is well capitalized but was challenged making bigger loans to its commercial clients, an issue that could lead other small banks to seek buyers.
January 29 -
Lakeland Bancorp (LBAI) in Oak Ridge, N.J., posted third-quarter profit of $5.5 million, up more than 14% from a year earlier as nonperforming assets and noninterest expenses declined.
October 16 -
Lakeland Bancorp (LBAI) is planning to raise more than $25 million through two offerings.
August 29
Lakeland Bancorp (LBAI) in Oak Ridge, N.J.,
The $3.3 billion-asset company's fourth-quarter earnings rose 26% from a year earlier, to $7.3 million. The company's earnings per share of 20 cents missed the average estimate of analysts polled by Bloomberg by less than a penny.
Net interest income rose 16% from a year earlier, to $28 million, because of a 14% increase in interest-earning assets from
Noninterest income rose slightly from a year earlier, to $5.5 million. Noninterest expense rose 15% from the fourth quarter of 2012.
The loan-loss provision fell 46% from a year earlier, to $1.7 million. Net chargeoffs totaled $1.6 million, representing a decrease from $2.9 million a year earlier.