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Complete financial analysis of Level One Bancorp, Inc. (LEVL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Level One Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Level One Bancorp, Inc. (LEVL)
About Level One Bancorp, Inc.
Level One Bancorp, Inc. operates as a bank holding company for Level One Bank that provides business and consumer financial services in Michigan. Its deposit products include checking, interest-bearing demand, money market, savings, and term certificate accounts. The company also provides lending products and related services comprising commercial real estate loans, including construction and land development loans; commercial and industrial loans consisting of lines of credit, term loans, and loans under the small business administration lending program; residential real estate loans; and consumer loans, including home equity loans, automobile loans, and credit card services. In addition, it offers cash management, treasury management, and mobile and internet banking services, as well as debit cards and automated teller machines. The company serves individuals, owner-managed businesses, professional firms, real estate professionals, and not-for-profit businesses. As of January 29, 2021, it operated sixteen banking centers throughout southeast Michigan and west Michigan; and one mortgage loan production office in Ann Arbor, Michigan. The company was incorporated in 2006 and is headquartered in Farmington Hills, Michigan. As of April 1, 2022, Level One Bancorp, Inc. operates as a subsidiary of First Merchants Corporation.
| Metric | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| Revenue | 99.99M | 95.54M | 65.27M | 57.48M | 54.03M | 53.48M | 41.64M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 99.99M | 95.54M | 65.27M | 57.48M | 54.03M | 53.48M | 41.64M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 44.51M | 42.88M | 31.49M | 28.37M | 23.94M | 20.47M | 13.25M |
| Selling & Marketing | 1.29M | 956.00K | 1.11M | 1.03M | 930.00K | 806.00K | 567.00K |
| SG&A | 45.79M | 43.84M | 32.60M | 29.40M | 24.87M | 21.28M | 13.81M |
| Other Expenses | -97.87M | -99.13M | -58.96M | -56.09M | -54.26M | -51.78M | -33.15M |
| Operating Expenses | -52.08M | -55.29M | -26.36M | -26.69M | -29.39M | -30.50M | -19.34M |
| Cost & Expenses | -52.08M | -55.29M | -26.36M | -26.69M | -29.39M | -30.50M | -19.34M |
| Interest Income | 86.65M | 82.64M | 70.45M | 63.82M | 55.61M | 52.90M | 41.34M |
| Interest Expense | 8.05M | 15.88M | 19.39M | 13.40M | 8.08M | 5.83M | 3.79M |
| Depreciation & Amortization | 668.00K | 2.46M | 1.47M | 1.55M | 1.60M | 1.68M | 1.18M |
| EBITDA | 48.58M | 42.71M | 40.38M | 32.34M | 26.25M | 24.66M | 23.48M |
| EBITDA Ratio | 48.58% | 44.71% | 61.86% | 56.27% | 48.57% | 46.10% | 56.39% |
| Operating Income | 47.91M | 40.25M | 38.91M | 30.79M | 24.64M | 22.98M | 22.30M |
| Operating Income Ratio | 47.91% | 42.13% | 59.61% | 53.57% | 45.61% | 42.97% | 53.56% |
| Total Other Income/Expenses | -8.05M | -15.88M | -19.39M | -13.40M | -8.08M | -5.83M | -3.79M |
| Income Before Tax | 39.86M | 24.37M | 19.51M | 17.39M | 16.56M | 17.15M | 18.51M |
| Income Before Tax Ratio | 39.86% | 25.50% | 29.90% | 30.25% | 30.66% | 32.06% | 44.45% |
| Income Tax Expense | 7.38M | 3.95M | 3.40M | 3.00M | 6.72M | 6.10M | 5.98M |
| Net Income | 32.48M | 20.41M | 16.11M | 14.39M | 9.84M | 11.05M | 12.53M |
| Net Income Ratio | 32.48% | 21.37% | 24.69% | 25.03% | 18.21% | 20.66% | 30.09% |
| EPS | 4.21 | 2.66 | 2.07 | 1.91 | 1.30 | 1.46 | 1.66 |
| EPS Diluted | 4.21 | 2.66 | 2.07 | 1.91 | 1.27 | 1.43 | 1.62 |
| Weighted Avg Shares Out | 7.71M | 7.69M | 7.77M | 7.52M | 7.55M | 7.55M | 7.55M |
| Weighted Avg Shares Out (Dil) | 7.71M | 7.69M | 7.77M | 7.52M | 7.73M | 7.73M | 7.73M |
Level One Bancorp (LEVL) Misses Q4 Earnings and Revenue Estimates
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Source: https://incomestatements.info
Category: Stock Reports