Welcome to our dedicated page for Lakeland Bancorp news (Ticker: LBAI), a resource for investors and traders seeking the latest updates and insights on Lakeland Bancorp stock.
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.
Lakeland Bancorp reported a net income of $11.9 million and earnings per diluted share of $0.23 for Q2 2020, down from $17.5 million and $0.34 in Q2 2019. The six-month figures also declined, with net income at $24.2 million compared to $33.1 million in 2019. A significant $9.0 million provision for loan losses was recorded in Q2 2020 due to COVID-19 impacts. Total assets reached $7.49 billion with loans increasing by $618.3 million. A dividend of $0.125 per share was declared for August 2020.