LBAI(Delisted)
Lakeland Bancorp·NASDAQ
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About LBAI
Lakeland Bancorp, Inc.
A bank holding company that provides commercial and consumer banking services in New Jersey and New York
250 Oak Ridge Road
, Oak Ridge
, New Jersey 07438
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Lakeland Bancorp, Inc., a holding company, operates 53 bank offices located in Morris, Passaic River, Essex, Sussex, Warren and Bergen County, New Jersey. Lake District National Bank provides a comprehensive range of lending services for its market from a professional and personal perspective, including commercial lending and leasing, and real estate and consumer loans for small and medium-sized enterprises. Lake District National Bank is a bank holding company whose main business is owned and managed by it and its subsidiaries. Lake District National Bank provides a full range of banking services under the premise of obtaining a banking license. As a state-owned bank, Lake District National Bank is regulated by the New Jersey Banking Authority. Lake District Bank primarily generates commercial, mortgage and consumer loans and receives deposits from customers in northern New Jersey. Lake District Bank also offers securities brokerage services, including mutual funds and variable annuities. Lake District Bank is a commercial bank that provides a variety of commercial lending and leasing services, from consumer credit to a lesser extent. Its main strategic goal is to establish the reputation and market image of a "small and medium-sized commercial bank in the market" in its main markets. Lake District Fund loans are mainly provided by providing time, savings and money markets as well as current deposit accounts to commercial enterprises and individuals. In addition, it originated from residential mortgages, providing such loan services to other investors. Lake District Bank also has an equipment financing department to provide equipment lease financing, mainly to address the loan needs of small and medium-sized business customers and borrowers whose asset-based lending department specializes in utilizing the working capital of asset-specific funds. The company was established in 1989.
Company Financials
EPS
LBAI has released its 2024 Q1 earnings. EPS was reported at 0.3, versus the expected 0.29, beating expectations. The chart below visualizes how LBAI has performed over recent quarters, highlighting trends in earnings surprises.
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