Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $11.49 USD
Change Today +0.13 / 1.14%
Volume 56.5K
As of 4:30 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

lakeland bancorp inc (LBAI) Key Developments

Lakeland Bancorp Inc. Declares Quarterly Cash Dividend, Payable on May 15, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Impairment Charges for the First Quarter of 2015

On April 20, 2015, Lakeland Bancorp Inc. declared a quarterly cash dividend of $0.085 per common share, payable on May 15, 2015 to holders of record as of the close of business on May 4, 2015. This dividend represents a 13% increase over the first quarter 2015 dividend of $0.075 per common share. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, total interest income was $30,992,000 against $29,930,000 a year ago. Net interest income was $28,518,000 against $27,845,000 a year ago. The decrease was primarily due to a decrease in the yield on interest-earning assets. Income before provision for income taxes was $12,344,000 against $10,687,000 a year ago. Net income was $8,330,000 against $7,163,000 a year ago. Basic and diluted earnings per common share were $0.22 against $0.19 a year ago. Annualized return on average assets was 0.96% against 0.88% a year ago. Annualized return on average common equity was 8.81% against 8.14% a year ago. Tangible book value per common share was $7.29 against $6.52 a year ago. Tangible book value per share - Non-GAAP was $7.29 against $6.52 a year ago. Return on average tangible common stockholders' equity - Non-GAAP was 12.43% against 11.88% a year ago. In the first quarter of 2015, the company had net charge-offs totaling $1.0 million compared to $1.8 million in the first quarter of 2014.

Lakeland Bancorp Seeks Acquisitions

Lakeland Bancorp Inc. (NasdaqGS:LBAI) has filed a shelf registration in the amount of $150 million. Lakeland Bancorp said, "We expect to use the net proceeds from any offering of securities by us for general corporate purposes, which may include acquisitions, capital expenditures, investments, and the repayment, redemption or refinancing of all or a portion of any indebtedness or other securities outstanding at a particular time. Pending the application of the net proceeds, we expect to invest the proceeds in short-term, interest-bearing instruments or other investment-grade securities."

Lakeland Bancorp Inc., Annual General Meeting, May 20, 2015

Lakeland Bancorp Inc., Annual General Meeting, May 20, 2015., at 17:00 US Eastern Standard Time. Location: Knoll Country Club West. Agenda: To elect four directors for three year terms; to ratify the appointment of KPMG LLP as the company's independent registered public accounting firm for 2015; to approve, on an advisory basis, the executive compensation of the company's named executive officers as described in this proxy statement; and to transact such other business as may properly come before the meeting and/or any adjournment or adjournments thereof.

Lakeland Bancorp Inc. Declares Cash Dividend, Payable on February 17, 2015

On January 27, 2015, Lakeland Bancorp Inc. declared a $0.075 cash dividend per common share payable on February 17, 2015 to shareholders of record at the close of business February 10, 2015.

Lakeland Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Lakeland Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported pretax income of $11,552,000, net income of $7,939,000 or $0.21 diluted per share on net interest income of $28,850,000 against pretax income of $11,044,000, net income of $7,341,000 or $0.19 diluted per share on net interest income of $27,973,000 for the same period a year ago. Annualized return on average assets was 0.90% against 0.88% for the same period a year ago. Annualized return on average common equity was 8.35% against 8.30% for the same period a year ago. For the year, the company reported pretax income of $46,288,000, net income of $31,129,000 or $0.82 diluted per share on net interest income of $113,566,000 against pretax income of $37,419,000, net income of $24,969,000 or $0.71 diluted per share on net interest income of $104,542,000 for the same period a year ago. Annualized return on average assets was 0.92% against 0.80% for the same period a year ago. Annualized return on average common equity was 8.48% against 7.78% for the same period a year ago. Book value per common share was $10.01 against $9.28 for the same period a year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LBAI:US $11.49 USD +0.13

LBAI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Metro Bancorp Inc $25.78 USD +0.05
Peoples Bancorp Inc/OH $23.48 USD +0.39
TowneBank/Portsmouth VA $15.92 USD +0.26
Univest Corp of Pennsylvania $19.41 USD +0.35
Waterstone Financial Inc $13.01 USD -0.06
View Industry Companies
 

Industry Analysis

LBAI

Industry Average

Valuation LBAI Industry Range
Price/Earnings 13.5x
Price/Sales 3.4x
Price/Book 1.1x
Price/Cash Flow 13.4x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LAKELAND BANCORP INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.