Lakeland Bancorp: Q2 Earnings Snapshot

OAK RIDGE, N.J. (AP) _ Lakeland Bancorp Inc. (LBAI) on Thursday reported second-quarter net income of $27.4 million.

The bank, based in Oak Ridge, New Jersey, said it had earnings of 53 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The bank holding company posted revenue of $70.5 million in the period. Its revenue net of interest expense was $65 million, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $63.9 million.

Lakeland Bancorp shares have risen 25% since the beginning of the year. The stock has increased 46% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LBAI at