See more : KT Corporation (030200.KS) Income Statement Analysis – Financial Results
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.
- VGI Public Company Limited (VGI.BK) Income Statement Analysis – Financial Results
- Tsakos Energy Navigation Limited (TNP-PF) Income Statement Analysis – Financial Results
- Flekkefjord Sparebank (FFSB.OL) Income Statement Analysis – Financial Results
- PT Integra Indocabinet Tbk (WOOD.JK) Income Statement Analysis – Financial Results
- Genelux Corporation (GNLX) Income Statement Analysis – Financial Results
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, Inc. reports second quarter 2021 net income of $7.0 million, representing $0.84 diluted earnings per common share
Level One Bancorp (LEVL) Earnings Expected to Grow: What to Know Ahead of Q2 Release
Level One Bancorp Announces Quarterly Preferred Stock Cash Dividend
Top Ranked Value Stocks to Buy for June 29th
Top Ranked Value Stocks to Buy for June 17th
Level One Bancorp Announces Second Quarter Cash Dividend
Top Ranked Value Stocks to Buy for June 4th
Top Ranked Value Stocks to Buy for May 28th
Top Ranked Value Stocks to Buy for May 19th
Top Ranked Value Stocks to Buy for May 14th
Source: https://incomestatements.info
Category: Stock Reports