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Lakeland Bancorp, Inc. - LBAI STOCK NEWS

Welcome to our dedicated news page for Lakeland Bancorp (Ticker: LBAI), a resource for investors and traders seeking the latest updates and insights on Lakeland Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lakeland Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lakeland Bancorp's position in the market.

Rhea-AI Summary
Lakeland Bancorp, Inc. (LBAI) is set to announce its first-quarter earnings for 2024 on April 19, 2024, without hosting an earnings conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.63%
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Rhea-AI Summary
KBRA assigns favorable ratings to Provident Financial Services, Inc. and its subsidiary, Provident Bank, supported by a strong banking model and pending merger with Lakeland Bancorp, Inc. The company has shown solid earnings performance and credit quality, with manageable risks and conservative capital management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
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Rhea-AI Summary
Provident Financial Services, Inc. and Lakeland Bancorp, Inc. have received regulatory approvals for their merger, pending one final approval. The combined company will operate under the Provident name, aiming for enhanced scale and growth opportunities. The merger is expected to create a top-tier super-community bank, offering improved services to customers and communities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
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Rhea-AI Summary
Lakeland Bancorp, Inc. reported a net income of $20.1 million and EPS of $0.30 for Q4 2023, a decrease from the previous year. The annualized return on average assets was 0.73%, and for the year, the net income was $84.7 million, a 21% decrease from 2022. The company experienced a decrease in net interest income, noninterest income, and an increase in provision for credit losses. However, the company's loan growth was 6%, and the deposit base remained resilient. The merger with Provident Financial Services, Inc. is pending regulatory approval, and the deadline has been extended to March 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.05%
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Rhea-AI Summary
Lakeland Bancorp, Inc. (NASDAQ: LBAI) expects to report earnings for the fourth quarter ended December 31, 2023, on January 25, 2024, at 8:00 a.m. ET. The Company will not be hosting an earnings conference call to review the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
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Rhea-AI Summary
Provident Financial Services, Inc. (NYSE:PFS) and Lakeland Bancorp, Inc. (Nasdaq: LBAI) have extended their merger agreement to March 31, 2024, to secure the necessary regulatory approvals. The combined company will operate under the Provident name, offering enhanced scale, growth opportunities, and improved profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
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Rhea-AI Summary
Lakeland Bancorp, Inc. announced that its 2023 Annual Meeting of Shareholders will be held virtually on December 28, 2023. The agenda includes electing four directors, approving executive compensation, and ratifying the appointment of KPMG LLP as the independent registered public accounting firm. Shareholder proposals must be submitted by November 20, 2023. If the merger with Provident Financial Services, Inc. is completed before December 28, the Annual Meeting will not occur.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.97%
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Rhea-AI Summary
Lakeland Bancorp, Inc. reports net income of $22.2 million for Q3 2023. Loan growth of 2% and deposits growth of 2% during the quarter. Nonperforming loans drop to 16 basis points. Merger with Provident Financial Services, Inc. pending regulatory approvals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.26%
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Rhea-AI Summary
Lakeland Bancorp, Inc. to report Q3 2023 earnings on October 26, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.85%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.39%
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Lakeland Bancorp, Inc.

Nasdaq:LBAI

LBAI Rankings

LBAI Stock Data

758.39M
61.51M
5.4%
61.3%
1.81%
Commercial Banking
Finance and Insurance
Link
US
Oak Ridge

About LBAI

lakeland bancorp (lbai), the holding company for lakeland bank, has $3.7 billion in total assets and operates 48 branch offices, five regional lending centers, and two loan production offices spanning bergen, essex, middlesex, morris, passaic, somerset, sussex, union and warren counties in new jersey, and the hudson valley region of new york. headquartered in oak ridge, nj, lakeland bancorp has been recognized as one of “america’s 50 most trustworthy financial companies” by forbes. lakeland bank is dedicated to making banking easier for our customers through an extensive array of products and services. online and mobile banking provides secure and convenient access to your accounts – anywhere and at any time. you can even send, request and receive money to or from individuals with popmoney®. for nearly 45 years, lakeland bank has been serving northern new jersey as both a trusted financial service provider and a strongly committed corporate citizen. as a community bank, lakeland ba