OAK RIDGE, N.J. (AP) _ Lakeland Bancorp Inc. (LBAI) on Tuesday reported first-quarter profit of $23.2 million.

The bank, based in Oak Ridge, New Jersey, said it had earnings of 45 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The bank holding company posted revenue of $69.2 million in the period. Its revenue net of interest expense was $62.5 million, which missed Street forecasts. Four analysts surveyed by Zacks expected $63.2 million.

Lakeland Bancorp shares have increased 37% since the beginning of the year. The stock has increased 68% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LBAI at https://www.zacks.com/ap/LBAI

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