Lakeland Bancorp: Q1 Earnings Insights

Lakeland Bancorp LBAI reported its Q1 earnings results on Thursday, April 28, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Lakeland Bancorp missed estimated earnings by 34.21%, reporting an EPS of $0.25 versus an estimate of $0.38.

Revenue was up $14.68 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 2.33% drop in the share price the next day.

Here's a look at Lakeland Bancorp's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.42	0.44	0.43	0.39
EPS Actual	0.43	0.46	0.53	0.45
Revenue Estimate	64.93M	64.83M	64.66M	63.43M
Revenue Actual	64.89M	64.81M	65.01M	62.49M

To track all earnings releases for Lakeland Bancorp visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.