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Lakeland Bancorp, Inc. (LBAI) CEO Thomas Shara on Q1 2022 Results - Earnings Call Transcript

May 02, 2022 1:09 PM ETLakeland Bancorp, Inc. (LBAI)
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Lakeland Bancorp, Inc. (NASDAQ:LBAI) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET

Company Participants

Mary Russell - Assistant Controller and Director, Financial Reporting

Thomas Shara - President, CEO & Director

Thomas Splaine - EVP & CFO

Conference Call Participants

Frank Schiraldi - Piper Sandler & Co.

Manuel Navas - D.A. Davidson & Co.

Christopher O'Connell - KBW

Erik Zwick - Boenning and Scattergood


Good morning, and welcome to the Lakeland Bancorp, Inc. First Quarter Earnings Conference Call. My name is Elliot, and I'll be coordinating your call today. [Operator Instructions].

I would now like to turn the conference over to Mary Russell, Assistant Controller and Director of Financial Reporting. Please go ahead, ma'am.

Mary Russell

Thank you, Elliot. Good morning, ladies and gentlemen, and thank you for joining us on our first quarter earnings call. Today's presenters are President and CEO, Thomas Shara; and Executive Vice President and Chief Financial Officer, Thomas Splaine. Before beginning the review of our financial results, we ask that you please take note of our standard caution as to any forward-looking statements, which may be made during the course of today's call.

Our full disclaimer is contained in this morning's earnings release, which has been posted to the Investor Relations page on our website, lakelandbank.com.

Now it is my pleasure to introduce Thomas Shara, who will offer his perspective on our first quarter. Tom?

Thomas Shara

Thank you, Mary. Good morning, everyone, and welcome to our first quarter earnings call. I'm joined this morning by Tom Splaine, our CFO, who will walk you through our earnings, including the purchase accounting impacts from 1st Constitution. As it relates to 1st Constitution, we closed the merger on January 6 and completed the conversion on February 14. The conversion went extremely well, and we are thrilled with the receptivity of the customer base and are very

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