Lakeland Bancorp, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 25, 2024 at 08:00 am EST
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Lakeland Bancorp, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 65.31 million compared to USD 81.64 million a year ago. Net income was USD 20.07 million compared to USD 33.58 million a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 0.3 compared to USD 0.51 a year ago.
For the full year, net interest income was USD 281.68 million compared to USD 312.62 million a year ago. Net income was USD 84.74 million compared to USD 107.37 million a year ago. Basic earnings per share from continuing operations was USD 1.29 compared to USD 1.64 a year ago. Diluted earnings per share from continuing operations was USD 1.29 compared to USD 1.63 a year ago.
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.
LAKELAND BANCORP, INC. 
