Lakeland Bancorp: Q1 Earnings Snapshot
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OAK RIDGE, N.J. (AP) — OAK RIDGE, N.J. (AP) — Lakeland Bancorp Inc. (LBAI) on Thursday reported first-quarter net income of $19.8 million.
The Oak Ridge, New Jersey-based bank said it had earnings of 30 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The bank holding company posted revenue of $120.7 million in the period. Its revenue net of interest expense was $82.2 million, also falling short of Street forecasts.
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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
