Lakeland Bancorp, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2016. For the quarter, the company reported net interest income of $38,179,000, net interest income after provision for loan and lease losses of $37,804,000, income before provision for income taxes  of $18,193,000, net income of $11,953,000, earnings per common share - diluted of $0.26, adjusted net income of $11,953,000, diluted earnings per share - non-gaap of $0.26, book value per share - gaap of $11.65, tangible book value per share - non-gaap of $8.69, annualized return on average assets of 0.95%, annualized return on average common equity of 9.31% compared to the net interest income of $30,119,000, net interest income after provision for loan and lease losses of $30,119,000, income before provision for income taxes  of $12,755,000, net income of $8,464,000, earnings per common share - diluted of $0.22, adjusted net income of $9,240,000, diluted earnings per share - non-gaap of $0.24, book value per share - gaap of $10.57, tangible book value per share - non-gaap of $7.62, annualized return on average assets of 0.89%, annualized return on average common equity of 8.4% for the same quarter a year ago.

For the year, the company reported net interest income of $145,649,000, net interest income after provision for loan and lease losses of $141,426,000, income before provision for income taxes  of $62,839,000, net income of $41,518,000, earnings per common share - diluted of $0.95, adjusted net income of $44,299,000, diluted earnings per share - non-gaap of $1.02, compared to the net interest income of $116,640,000, net interest income after provision for loan and lease losses of $114,698,000, income before provision for income taxes  of $48,648,000, net income of $32,481,000, earnings per common share - diluted of $0.85, adjusted net income of $33,760,000, diluted earnings per share - non-gaap of $0.88, for the previous year.

For the quarter, the company's net charge-offs were $499,000 against $120,000 a year ago.