Investor Presentation - 3rd Quarter 2021

THIRD QUARTER

2021

INVESTORS PRESENTATION

Forward-Looking Statements

The information disclosed in this document includes various forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "anticipates," "projects," "intends," "estimates," "expects," "believes," "plans," "may," "will," "should," "could," and other similar expressions are intended to identify such forward-looking statements The Company cautions that these forward-looking statements are necessarily speculative and speak only as of the date made, and are subject to numerous assumptions, risks and uncertainties, all of which may change over time. Actual results could differ materially from such forward-looking statements. Accordingly, you should not place undue reliance on forward-looking statements. In addition to the specific risk factors disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2020, the following factors, among others, could cause actual results to differ materially and adversely from such forward-looking statements: changes in the financial services industry and the U.S. and global capital markets, changes in economic conditions nationally, regionally and in the company's markets, the nature and timing of actions of the Federal Reserve Board and other regulators, the nature and timing of legislation and regulation affecting the financial services industry, government intervention in the U.S. financial system, changes in federal and state tax laws, changes in levels of market interest rates, pricing pressures on loan and deposit products, credit risks of the Company's lending and leasing activities, successful implementation, deployment and upgrades of new and existing technology, systems, services and products, customers' acceptance of the Company's products and services, and competition and failure to realize anticipated efficiencies and synergies from the merger of 1st Constitution Bancorp into Lakeland Bancorp and the merger of 1st Constitution Bank into Lakeland Bank. Further, given its ongoing and dynamic nature, it is difficult to predict the continuing effects that the COVID-19 pandemic will have on our business and results of operations. The pandemic and related local and national economic disruption may, among other effects, result in a material adverse change for the demand for our products and services; increased levels of loan delinquencies, problem assets and foreclosures; branch disruptions, unavailability of personnel and increased cybersecurity risks as employees work remotely. Any statements made by the Company that are not historical facts should be considered to be forward-looking statements. The Company is not obligated to update and does not undertake to update any of its forward- looking statements made herein.

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Corporate Profile

• LBAI - NASDAQ
• Founded in 1969
• 48 Branches - Serving Northern/Central NJ
• • Hudson Valley, NY
  • • 8 Regional Commercial Lending Centers
    • 1 Commercial Loan Production Office
• Financial Snapshot

◦	Assets	$8.2 Billion
◦	Loans	$5.9 Billion
◦	Deposits	$6.9 Billion

• Market Cap $892 Million(1)

• Stock Price as of September 30, 2021 - $ 17.63

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Who We Are

For more than half a century, we have grown to a full service commercial bank, committed to meeting the financial needs of businesses & consumers, and are proud to be characterized as the following:

Traditional Commercial Bank

• Relationship Lender
• Diversified Commercial Real Estate Portfolio
• Primary Focus is not Multifamily Lending

	Conservative & Consistent	Scarce & Valuable Franchise
	Banking Philosophy	◦ One of the Largest Publically
◦	Low Risk Model	Traded Banks in NJ
◦	Disciplined Acquirer	◦ One of the Lowest Cost of
		Funds in the State(1)

(1) Source: S&P Global Q2 2021 for NJ
headquartered banks with total assets greater	4
than $500 million.

Balanced Loan Portfolio

Loan Portfolio Growth(1)

CAGR excluding acquisitions: 7.5%

Loan Composition

CAGR: 9.2%

$6,021 $5,881

$5,138

$4,457

$4,153

$3,871

2016

2017

2018

2019

2020

2021 Q3

Residential Mortgage $407

Leases $120

Construction $333

PPP $109

C&I $364

CRE Non Owner Occupied Resi $177

CRE Multifamily $908

Consumer $278

CRE Non Owner Occupied Commercial $2,301

CRE Owner Occupied $884

CRE / Capital

422%(2)

1. Acquired loans of $426 in 2019
2. Represents Lakeland Bank's CRE to total risk based capital ratio, as of September 30, 2021, per regulatory guidelines

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