OAK RIDGE, N.J. (AP) — OAK RIDGE, N.J. (AP) — Lakeland Bancorp Inc. (LBAI) on Thursday reported net income of $20.1 million in its fourth quarter.
The Oak Ridge, New Jersey-based bank said it had earnings of 30 cents per share.
The bank holding company posted revenue of $136.1 million in the period. Its revenue net of interest expense was $72.1 million, surpassing Street forecasts.
For the year, the company reported profit of $84.7 million, or $1.29 per share. Revenue was reported as $306.8 million.
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