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Recap: Lakeland Bancorp Q2 Earnings

  Lakeland Bancorp (NASDAQ:LBAI) reported its Q2 earnings results on Thursday, July 28, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

Benzinga · 07/28/2022 08:29

 

Lakeland Bancorp (NASDAQ:LBAI) reported its Q2 earnings results on Thursday, July 28, 2022 at 08:00 AM.

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

Earnings

Lakeland Bancorp beat estimated earnings by 2.33%, reporting an EPS of $0.44 versus an estimate of $0.43.

Revenue was up $22.36 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.13 which was followed by a 3.59% drop in the share price the next day.

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

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.38 0.42 0.44 0.43
EPS Actual 0.25 0.43 0.46 0.53
Revenue Estimate 81.78M 64.93M 64.83M 64.66M
Revenue Actual 77.17M 64.89M 64.81M 65.01M

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.