Lakeland Bancorp is the holding company for Lakeland Bank. The Company operates under a state bank charter and provides full banking services. It generates commercial, mortgage and consumer loans and receives deposits from customers located in Northern and Central New Jersey. The Company also provides non-deposit products, such as securities brokerage services, including mutual funds and variable annuities. Through Lakeland Bank, the Company offers a range of lending, depository and related financial services to individuals and small to medium sized businesses located in northern and central New Jersey.

Employee Rating

2.4More
TypePublic
HQWest Milford, US
Founded1969
Size (employees)621 (est)+5%
Websitelakelandbank.com
Lakeland Bancorp was founded in 1969 and is headquartered in West Milford, US
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Lakeland Bancorp Office Locations

Lakeland Bancorp has offices in West Milford, Rochelle Park, Madison, Teaneck and in 15 other locations
West Milford, (HQ)
250 Oak Ridge Rd
Boonton,
321 W Main St
Branchville,
3 Broad St
Butler,
1410 NJ-23
Franklin,
25 NJ-23
Jefferson,
5729 Berkshire Valley Rd
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Lakeland Bancorp Financials and Metrics

Lakeland Bancorp Revenue

Lakeland Bancorp's revenue was reported to be $215.64 m in FY, 2017
USD

Revenue (Q3, 2018)

59.9m

Gross profit (Q3, 2018)

49.3m

Gross profit margin (Q3, 2018), %

82.2%

Net income (Q3, 2018)

16.8m

EBIT (Q3, 2018)

43.6m

Market capitalization (4-Dec-2018)

727.9m

Closing stock price (4-Dec-2018)

15.3

Cash (30-Sep-2018)

180.2m

EV

652.7m
Lakeland Bancorp's current market capitalization is $727.9 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

135.2m122.5m148.7m184.6m215.6m

Revenue growth, %

7%4%45%

Cost of goods sold

9.7m10.9m17.6m25.0m

Gross profit

125.5m137.8m167.0m190.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

34.0m36.3m38.8m42.4m43.9m49.4m52.9m53.3m54.2m55.5m58.0m59.9m

Cost of goods sold

2.1m2.6m2.8m3.7m3.9m4.5m5.5m5.8m6.6m7.9m8.8m10.7m

Gross profit

31.9m33.6m36.0m38.7m40.0m44.9m47.4m47.5m47.6m47.6m49.2m49.3m

Gross profit Margin, %

94%93%93%91%91%91%90%89%88%86%85%82%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

102.7m109.3m118.5m175.8m142.9m

Accounts Receivable

8.6m8.9m9.2m20.5m

Inventories

PP&E

50.3m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

25.0m31.1m32.5m41.5m52.6m

Depreciation and Amortization

3.6m3.5m3.4m4.0m4.5m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

17.6m7.2m14.9m23.2m8.3m16.2m24.0m8.1m18.2m29.6m12.3m25.7m39.4m15.3m31.1m47.9m

Depreciation and Amortization

2.8m970.0k1.8m2.6mwdxefcqufszuzezftuxetqsqxt849.0k1.9m2.8m878.0k1.8m2.9m1.0m2.1m3.3m1.3m2.7m4.1m

Cash From Operating Activities

40.3m10.9m20.6m34.2m8.6m16.1m31.2m7.5m11.1m37.5m19.7m33.1m47.2m19.9m43.9m66.4m

Cash From Investing Activities

1.1m(25.2m)(126.7m)(161.3m)(62.2m)(131.4m)(190.7m)(30.0m)(145.0m)(220.8m)(179.3m)(259.3m)(281.2m)(90.4m)(142.2m)(202.1m)
USDY, 2018

EV/EBIT

15 x

EV/CFO

9.8 x

Debt/Equity

0.2 x

Financial Leverage

9.3 x
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Lakeland Bancorp Operating Metrics

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

Non-accrual Loans

$20.67 m$20.41 m$18.98 m$21.50 m$22.70 m$24.97 m$24.94 m$22.66 m$20.40 m$17.74 m$16.25 m

Total Loans

$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
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Lakeland Bancorp Online and Social Media Presence

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Lakeland Bancorp News and Updates

Lakeland Bancorp, Inc. to Acquire Highlands Bancorp, Inc.

OAK RIDGE, N.J. and VERNON, N.J., Aug. 23, 2018 (GLOBE NEWSWIRE) -- The Boards of Directors of Lakeland Bancorp, Inc. (NASDAQ:  LBAI) (“Lakeland Bancorp”), the parent company of Lakeland Bank, and Highlands Bancorp, Inc. (OTC Pink:  HSBK) (“Highlands Bancorp”), the parent company of Highlands Stat…
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Lakeland Bancorp Company Life and Culture

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Lakeland Bancorp Frequently Asked Questions

  • When was Lakeland Bancorp founded?

    Lakeland Bancorp was founded in 1969.

  • How many employees does Lakeland Bancorp have?

    Lakeland Bancorp has 621 employees.

  • What is Lakeland Bancorp revenue?

    Latest Lakeland Bancorp annual revenue is $215.6 m.

  • What is Lakeland Bancorp revenue per employee?

    Latest Lakeland Bancorp revenue per employee is $347.2 k.

  • Who are Lakeland Bancorp competitors?

    Competitors of Lakeland Bancorp include Citigroup, ANZ Bank and AmeriServ Financial.

  • Where is Lakeland Bancorp headquarters?

    Lakeland Bancorp headquarters is located at 250 Oak Ridge Rd, West Milford.

  • Where are Lakeland Bancorp offices?

    Lakeland Bancorp has offices in West Milford, Rochelle Park, Madison, Teaneck and in 15 other locations.

  • How many offices does Lakeland Bancorp have?

    Lakeland Bancorp has 19 offices.