Lakeland Bancorp Q2 Earnings, Revenue Beat Street Estimate

Lakeland Bancorp said Thursday its Q2 diluted earnings amounted to $0.28 per share, up from $0.24 per share a year ago and beating the expectations of three analysts polled by Capital IQ of $0.27 per share. Lakeland reported revenue, a combination of net interest income and noninterest income, at $47.5 million, up from $39.6 million in the same period a year ago and beating analyst’s estimations of $45.9 million.

The company also approved an unchanged quarterly cash dividend of $0.10 per share to be paid on Aug. 15 to stockholders of record as of July 31.

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