Lakeland Bancorp, Inc. (LBAI) Income Statement Analysis

See more : E-MART Inc. (139480.KS) Income Statement Analysis – Financial Results

Complete financial analysis of Lakeland Bancorp, Inc. (LBAI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Lakeland Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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Lakeland Bancorp, Inc. (LBAI)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.lakelandbank.com

About Lakeland Bancorp, Inc.

Lakeland Bancorp, Inc. operates as the bank holding company for Lakeland Bank that offers various banking products and services for individuals and small to medium sized businesses. The company provides commercial banking services, including savings, money market, and time accounts, as well as demand deposits. It is also involved in lending services, including commercial real estate loans, commercial and industrial loans, short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, residential mortgage loans, Small Business Administration (SBA) loans, and merchant credit card services; financing solutions to small and medium-sized companies; online banking, mobile banking, and wire transfer services; and cash management services, such as remote capture of deposits and overnight sweep repurchase agreements. In addition, it provides consumer banking services, which include checking accounts, savings accounts, interest-bearing checking accounts, money market accounts, certificates of deposit, online banking, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services. Further, the company offers investment advisory services for individuals and businesses; and securities brokerage services, including mutual funds and variable annuities, as well as commercial title insurance services and life insurance products. As of December 31, 2021, it operated 48 branch offices located throughout Bergen, Essex, Morris, Ocean, Passaic, Somerset, Sussex, and Union counties in New Jersey and in Highland Mills, New York; operated six New Jersey regional commercial lending centers in Bernardsville, Iselin, Jackson, Montville, Teaneck and Waldwick; and one New York commercial lending center to serve the Hudson Valley region. The company was incorporated in 1969 and is headquartered in Oak Ridge, New Jersey.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Revenue	514.58M	340.71M	257.20M	232.47M	220.45M	193.67M	188.62M	165.40M	134.57M	131.29M	124.31M	114.42M	115.53M	119.02M	112.24M	106.19M	90.36M	80.88M	84.75M	74.90M	63.48M	58.05M	48.78M	44.23M	40.11M	25.10M	2.90M	2.77M	2.11M
Cost of Revenue	0.00	31.59M	23.82M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	514.58M	309.12M	233.38M	232.47M	220.45M	193.67M	188.62M	165.40M	134.57M	131.29M	124.31M	114.42M	115.53M	119.02M	112.24M	106.19M	90.36M	80.88M	84.75M	74.90M	63.48M	58.05M	48.78M	44.23M	40.11M	25.10M	2.90M	2.77M	2.11M
Gross Profit Ratio	100.00%	90.73%	90.74%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	114.17M	110.89M	84.93M	86.07M	81.26M	73.60M	66.15M	61.71M	53.70M	48.59M	45.37M	42.16M	40.69M	43.18M	41.93M	32.26M	32.86M	30.84M	28.51M	25.13M	20.68M	18.49M	17.26M	15.00M	14.90M	8.50M	6.11M	5.46M	5.30M
Selling & Marketing	2.24M	2.52M	1.64M	1.25M	1.95M	1.44M	1.68M	1.67M	1.59M	2.03M	2.09M	2.03M	2.41M	2.70M	2.63M	2.35M	1.83M	1.57M	1.63M	1.47M	1.08M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	116.40M	110.89M	84.93M	87.33M	83.21M	75.03M	67.82M	63.39M	55.29M	50.61M	47.46M	44.20M	43.10M	45.88M	44.56M	34.61M	34.69M	32.41M	30.14M	26.60M	21.76M	18.49M	17.26M	15.00M	14.90M	8.50M	6.11M	5.46M	5.30M
Other Expenses	-41.93M	116.87M	-214.79M	-245.02M	-209.71M	-152.47M	-22.03M	-21.76M	0.00	0.00	0.00	0.00	0.00	128.00K	940.00K	0.00	0.00	0.00	0.00	0.00	0.00	-45.23M	-27.24M	-22.80M	-26.66M	-12.00M	9.37M	9.17M	8.79M
Operating Expenses	41.93M	227.76M	-129.86M	-157.69M	-126.51M	-73.82M	1.68M	1.67M	1.59M	2.03M	2.09M	2.03M	2.41M	2.70M	2.63M	2.35M	1.83M	1.57M	1.63M	1.47M	1.08M	-26.74M	-9.98M	-7.81M	-11.76M	-3.50M	15.49M	14.62M	14.09M
Cost & Expenses	402.92M	31.59M	-129.86M	-157.69M	-126.51M	-73.82M	1.68M	1.67M	1.59M	2.03M	2.09M	2.03M	2.41M	2.57M	1.69M	2.35M	1.83M	1.57M	1.63M	1.47M	1.08M	-26.74M	-9.98M	-7.81M	-11.76M	-3.50M	15.49M	14.62M	14.09M
Interest Income	491.04M	367.54M	257.32M	248.84M	256.49M	213.12M	190.20M	163.30M	127.51M	122.50M	114.20M	110.96M	117.52M	125.65M	133.82M	143.94M	136.38M	119.81M	103.84M	83.32M	66.92M	65.52M	63.32M	58.21M	54.03M	34.90M	44.10M	25.47M	23.85M
Interest Expense	12.70M	54.93M	22.48M	41.16M	60.45M	39.56M	24.97M	17.65M	10.87M	8.94M	9.66M	15.45M	20.11M	25.90M	40.44M	55.36M	64.65M	53.10M	33.63M	21.82M	16.22M	17.35M	22.83M	21.72M	20.24M	13.00M	10.52M	9.70M	9.11M
Depreciation & Amortization	11.76M	16.81M	8.26M	1.03M	1.18M	594.00K	654.00K	734.00K	415.00K	464.00K	288.00K	3.07M	577.00K	1.06M	1.06M	4.46M	5.79M	5.30M	9.34M	7.98M	8.66M	4.92M	2.23M	2.17M	2.90M	1.60M	875.61K	800.93K	882.15K
EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA Ratio	2.12%	63.32%	52.72%	32.61%	43.15%	65.06%	58.43%	51.50%	47.07%	45.05%	41.02%	44.01%	45.14%	49.87%	28.19%	77.42%	106.95%	102.42%	85.87%	71.97%	74.17%	62.41%	84.13%	87.26%	77.91%	92.43%	663.28%	657.25%	808.88%
Operating Income	472.65M	198.92M	127.34M	74.78M	93.94M	119.85M	109.55M	84.45M	62.93M	58.68M	50.70M	47.28M	51.58M	58.29M	30.58M	77.75M	90.84M	77.54M	63.44M	45.93M	38.42M	31.31M	38.81M	36.42M	28.36M	21.60M	18.39M	17.39M	16.20M
Operating Income Ratio	91.85%	58.38%	49.51%	32.17%	42.61%	61.88%	58.08%	51.06%	46.76%	44.69%	40.79%	41.33%	44.64%	48.98%	27.24%	73.21%	100.54%	95.87%	74.85%	61.32%	60.52%	53.94%	79.55%	82.35%	70.69%	86.06%	633.13%	628.31%	767.10%
Total Other Income/Expenses	110.79M	143.99M	127.34M	74.78M	93.94M	80.29M	80.05M	62.84M	-3.98M	-2.72M	-5.17M	-3.04M	-23.02M	-28.96M	-13.17M	-55.36M	-64.65M	-53.10M	-33.63M	-21.82M	-16.22M	-17.35M	-22.83M	-21.72M	-20.24M	-13.00M	-10.52M	-9.70M	-9.11M
Income Before Tax	110.79M	143.99M	127.34M	74.78M	93.94M	80.29M	80.05M	62.84M	48.65M	46.29M	37.42M	31.84M	28.56M	29.34M	-13.17M	22.39M	26.19M	24.44M	29.81M	24.11M	22.19M	13.96M	15.98M	14.70M	8.11M	8.60M	7.87M	7.70M	7.08M
Income Before Tax Ratio	21.53%	42.26%	49.51%	32.17%	42.61%	41.46%	42.44%	37.99%	36.15%	35.26%	30.10%	27.83%	24.72%	24.65%	-11.74%	21.08%	28.98%	30.21%	35.17%	32.19%	34.96%	24.05%	32.75%	33.24%	20.23%	34.26%	270.93%	278.03%	335.45%
Income Tax Expense	26.05M	36.62M	32.29M	17.26M	23.27M	16.89M	27.47M	21.32M	16.17M	15.16M	12.45M	10.10M	8.71M	10.13M	-7.78M	7.22M	8.20M	7.46M	9.58M	7.62M	7.09M	3.89M	4.95M	4.70M	2.71M	2.90M	2.70M	2.63M	2.29M
Net Income	84.74M	107.37M	95.04M	57.52M	70.67M	63.40M	52.58M	41.52M	32.48M	31.13M	24.97M	21.74M	19.85M	19.21M	-5.40M	15.17M	17.99M	16.98M	20.22M	16.50M	15.11M	10.08M	11.02M	10.01M	5.40M	5.70M	5.17M	5.06M	4.80M
Net Income Ratio	16.47%	31.51%	36.95%	24.74%	32.06%	32.74%	27.88%	25.10%	24.14%	23.71%	20.09%	19.00%	17.18%	16.14%	-4.81%	14.28%	19.91%	20.99%	23.86%	22.02%	23.80%	17.36%	22.60%	22.62%	13.46%	22.71%	178.09%	182.86%	227.15%
EPS	1.29	1.64	1.85	1.13	1.39	1.33	1.10	0.96	0.85	0.82	0.71	0.72	0.63	0.52	-0.20	0.56	0.67	0.63	0.71	0.57	0.74	0.50	0.54	0.46	0.26	0.41	0.47	0.46	0.46
EPS Diluted	1.29	1.63	1.85	1.13	1.38	1.33	1.09	0.95	0.85	0.82	0.71	0.72	0.63	0.52	-0.20	0.55	0.67	0.63	0.70	0.57	0.73	0.49	0.53	0.46	0.26	0.41	0.47	0.46	0.46
Weighted Avg Shares Out	65.04M	64.62M	50.62M	50.54M	50.48M	47.57M	47.44M	42.91M	37.84M	37.75M	34.74M	29.00M	27.90M	29.05M	27.40M	27.16M	26.70M	26.80M	28.68M	28.71M	20.45M	20.26M	20.36M	21.56M	20.43M	13.20M	11.04M	10.90M	10.51M
Weighted Avg Shares Out (Dil)	65.22M	64.92M	50.87M	50.65M	50.64M	47.76M	47.67M	43.11M	37.99M	37.87M	34.90M	29.08M	28.02M	29.09M	27.40M	27.26M	27.04M	26.80M	29.00M	29.09M	20.66M	20.55M	20.62M	21.86M	20.94M	13.20M	11.04M	10.90M	10.51M

Lakeland Bancorp: Above-Normal Credit Costs, Margin Compression To Pressurize Earnings

June 21, 2020seekingalpha.com

The significant loan loss reserve built in the first quarter will help cover provision requirement in the coming quarters. However, the provision expense will l

Lakeland Bancorp, Inc. (NASDAQ:LBAI) Shares Sold by Wellington Management Group LLP

June 21, 2020thelincolnianonline.com

Wellington Management Group LLP lessened its stake in Lakeland Bancorp, Inc. (NASDAQ:LBAI) by 11.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,687,696 shares of the financial services...

Paul Ho-Sing-Loy Purchases 2,100 Shares of Lakeland Bancorp, Inc. (NASDAQ:LBAI) Stock

June 21, 2020thelincolnianonline.com

Lakeland Bancorp, Inc. (NASDAQ:LBAI) EVP Paul Ho-Sing-Loy acquired 2,100 shares of the stock in a transaction on Thursday, June 18th. The shares were purchased at an average cost of $10.70 per share, with a total value of $22,470.00. The purchase...

Lakeland Bancorp (NASDAQ:LBAI) Lifted to “Outperform” at Raymond James

June 21, 2020thelincolnianonline.com

Raymond James upgraded shares of Lakeland Bancorp (NASDAQ:LBAI) from a market perform rating to an outperform rating in a research report report published on Wednesday, BenzingaRatingsTable reports. A number of other equities research analysts have also commented on the stock....

Lakeland Bancorp, Inc. (NASDAQ:LBAI) Shares Purchased by JPMorgan Chase & Co.

June 20, 2020thelincolnianonline.com

JPMorgan Chase & Co. boosted its holdings in Lakeland Bancorp, Inc. (NASDAQ:LBAI) by 16.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,633...

Citigroup Inc. Grows Holdings in Lakeland Bancorp, Inc. (NASDAQ:LBAI)

June 16, 2020thelincolnianonline.com

Citigroup Inc. lifted its holdings in Lakeland Bancorp, Inc. (NASDAQ:LBAI) by 56.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,929 shares of the financial services provider’s...

Lakeland Bancorp, Inc. (NASDAQ:LBAI) Shares Sold by First Trust Advisors LP

June 10, 2020thelincolnianonline.com

First Trust Advisors LP trimmed its stake in shares of Lakeland Bancorp, Inc. (NASDAQ:LBAI) by 13.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,492 shares of the financial...