Lakeland Bancorp

Lakeland Bancorp (NASDAQ: LBAI), is the holding company for Lakeland Bank. Lakeland Bank is the second largest commercial bank headquartered in the state and offers an extensive array of consumer and commercial products and services, including online and mobile banking, localized commercial lending teams, and 24-hour or less turnaround time on consumer loan applications.

Lakeland continues to build on its infrastructure of financial strength, profitability, efficiency and quality service as it moves into the future. By offering retail banking, investment programs and business banking solutions, Lakeland remains a community-oriented provider of financial services. Our solid customer base along with our wide array of products and services allows Lakeland to command a strong competitive position in the markets it serves.

Company Growth (employees)
Type
Public
HQ
West Milford, US
Founded
1969
Size (employees)
592 (est)+8%
Lakeland Bancorp was founded in 1969 and is headquartered in West Milford, US

Lakeland Bancorp Office Locations

Lakeland Bancorp has an office in West Milford
West Milford, US (HQ)
250 Oak Ridge Rd

Lakeland Bancorp Financials and Metrics

Lakeland Bancorp Financials

Lakeland Bancorp's revenue was reported to be $184.6 m in FY, 2016
USD

Net income (Q3, 2017)

13.7 m

EBIT (Q3, 2017)

42.1 m

Market capitalization (13-Nov-2017)

918.5 m

Cash (30-Sep-2017)

202.9 m
Lakeland Bancorp's current market capitalization is $918.5 m.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

114.2 m122.5 m127.5 m184.6 m

Revenue growth, %

7%4%45%

Cost of goods sold

9.7 m10.9 m17.6 m

Gross profit

104.5 m116.6 m167 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

34 m36.3 m38.8 m42.4 m43.9 m49.4 m52.9 m53.3 m

Cost of goods sold

2.1 m2.6 m2.8 m3.7 m3.9 m4.5 m5.5 m5.8 m

Gross profit

31.9 m33.6 m36 m38.7 m40 m44.9 m47.4 m47.5 m

Gross profit Margin, %

94%93%93%91%91%91%90%89%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

102.7 m109.3 m118.5 m175.8 m

Accounts Receivable

8.6 m8.9 m9.2 m20.5 m

Goodwill

110 m110 m110 m135.7 m

Total Assets

3.3 b3.5 b3.9 b5.1 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

145.3 m147.6 m139 m127.2 m133.2 m137.6 m123.1 m213.6 m152.9 m195.4 m150.4 m185.7 m202.9 m

PP&E

37.4 m36.7 m36.2 m36 m35.6 m35.5 m35.4 m49.9 m49.3 m52.4 m51.3 m50.4 m

Goodwill

110.4 m110 m110 m110 m110 m110 m110 m125.4 m125.3 m136.4 m135.7 m136.4 m136.4 m

Total Assets

3.3 b3.4 b3.5 b3.5 b3.6 b3.7 b3.7 b4.4 b4.5 b4.9 b5.2 b5.4 b5.4 b
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    25 m31.1 m32.5 m41.5 m

    Depreciation and Amortization

    3.6 m3.5 m3.4 m4 m

    Cash From Operating Activities

    50.7 m45.6 m40.8 m50.1 m

    Capital Expenditures

    (2.8 m)(2.5 m)(4.8 m)
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Net Income

    17.6 m7.2 m14.9 m23.2 m8.3 m16.2 m24 m8.1 m18.2 m29.6 m12.3 m25.7 m13.7 m

    Depreciation and Amortization

    2.8 m970 k1.8 m2.6 m849 k1.9 m2.8 m878 k1.8 m2.9 m1 m2.1 m

    Cash From Operating Activities

    40.3 m10.9 m20.6 m34.2 m8.6 m16.1 m31.2 m7.5 m11.1 m37.5 m19.7 m33.1 m47.2 m

    Capital Expenditures

    (2 m)(577 k)(1.1 m)(1.9 m)(947 k)(2.1 m)(3 m)(977 k)(1.6 m)
      Y, 2017

      Financial Leverage

      9.4 x
      Show all financial metrics

      Lakeland Bancorp Operating Metrics

      Lakeland Bancorp's Total Loans Issued was reported to be $4.1 b in Q2, 2017
      FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

      Total Loans Issued

      $2.66 b$2.69 b$2.76 b$2.85 b$2.97 b$3.37 b$3.45 b$3.79 b$3.87 b$3.97 b$4.05 b

      Non-accrual Loans

      $20.67 m$20.41 m$18.98 m$21.5 m$22.7 m$24.97 m$24.94 m$22.66 m$20.4 m$17.74 m$16.25 m
      Show all operating metrics

      Lakeland Bancorp Market Value History

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      Lakeland Bancorp Company Life and Culture

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