Lakeland Boosts Profit, Ups Dividend to 6 Cents
The Record, Bergen County, NJ › October 15, 2010
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Summary
Oak Ridge-based Lakeland Bancorp said Thursday it more than doubled its third-quarter earnings and raised its quarterly dividend by a cent.
The parent of Lakeland Bank earned $4.9 million, or 14 cents a share, up from $2 million, or 5 cents, in the third quarter of a year ago. The increased profit was driven by "an improved net interest margin and controlled management of expenses," Tom Shara, chief executive officer, said in a statement.See the full content of this document
Extract
Lakeland Boosts Profit, Ups Dividend to 6 Cents
Results included an accounting charge of $898,000, or 4 ...
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