Lakeland Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net interest income of $24,164,000, as compared to $24,057,000 for the same period in 2011. Pretax income was $8,517,000 compared to $7,361,000 a year ago. Net income was $5,829,000 compared to $5,116,000 a year ago. Net income available to common stockholders was $5,829,000 compared to $4,822,000 a year ago. Basic and diluted earnings per common share were $0.20 compared to $0.18 a year ago. Annualized return on average assets was 0.81% compared to 0.72% a year ago. Annualized return on average common equity was 8.30% compared to 8.50% a year ago. Annualized return on average tangible common equity was 12.06% against 13.39% a year ago. Total interest income was $27,232,000 compared to $28,747,000 a year ago. Net interest income after provision for loan and lease losses was $21,040,000 compared to $19,632,000 a year ago. Non-GAAP return on average tangible common stockholders' equity was 12.06% against 13.39% a year ago.

For the year, the company reported net interest income of $95,513,000, as compared to $97,413,000 for the same period in 2011. Pretax income was $31,838,000 compared to $28,563,000 a year ago. Net income was $21,742,000 compared to $19,851,000 a year ago. Net income available to common stockholders was $21,122,000 compared to $17,684,000 a year ago. Basic and diluted earnings per common share were $0.76 compared to $0.66 a year ago. Annualized return on average assets was 0.77% compared to 0.71% a year ago. Annualized return on average common equity was 8.48% compared to 8.53% a year ago. Annualized return on average tangible common equity was 12.85% against 13.65% a year ago. Total interest income was $110,959,000 compared to $117,524,000 a year ago. Net interest income after provision for loan and lease losses was $80,606,000 compared to $78,597,000 a year ago. Book value per common share was $9.45 against $8.99 a year ago. Tangible book value per share was $6.52 against $5.75 a year ago.

The company declared a quarterly cash dividend of $0.07 per common share, payable on February 15, 2013 to holders of record as of the close of business on January 31, 2013.