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LBAI - Lakeland Bancorp: Risks Stem From Loans Requiring Accommodations
Lakeland Bancorp Inc.
Earnings will likely improve in the year ahead because of a lower provision expense and accelerated booking of fees under the Paycheck Protection Program.
Around 17.7% of total loans required payment accommodations as of the end of the last quarter, which shows that credit risk is high.
The risks will likely restrain the stock price in the near term regardless of LBAI’s attractive valuation.