OAK RIDGE, N.J. (AP) _ Lakeland Bancorp Inc. (LBAI) on Thursday reported fourth-quarter net income of $33.6 million.
The bank, based in Oak Ridge, New Jersey, said it had earnings of 51 cents per share. Earnings, adjusted for non-recurring costs, were 52 cents per share.
The bank holding company posted revenue of $115.2 million in the period. Its revenue net of interest expense was $88.7 million, which did not meet Street forecasts.
For the year, the company reported profit of $107.4 million, or $1.63 per share. Revenue was reported as $340.7 million.
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