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.

Type
Public
HQ
West Milford, US
Founded
1969
Size (employees)
592 (est)
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 Summit, Rochelle Park, Madison, Teaneck and in 15 other locations
West Milford, US (HQ)
250 Oak Ridge Rd
Boonton, US
321 W Main St
Branchville, US
3 Broad St
Butler, US
1410 NJ-23
Franklin, US
25 NJ-23
Jefferson, US
5729 Berkshire Valley Rd
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Lakeland Bancorp Financials and Metrics

Lakeland Bancorp Revenue

Lakeland Bancorp's revenue was reported to be $184.63 m in FY, 2016 which is a 44.8% increase from the previous period.
USD

Revenue (Q1, 2018)

55.5 m

Gross profit (Q1, 2018)

47.6 m

Gross profit margin (Q1, 2018), %

85.7%

Net income (Q1, 2018)

15.3 m

EBIT (Q1, 2018)

42.2 m

Market capitalization (11-Jul-2018)

966.1 m

Closing share price (11-Jul-2018)

20.4

Cash (31-Mar-2018)

133 m

EV

938 m
Lakeland Bancorp's current market capitalization is $966.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

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 m25 m

Gross profit

104.5 m116.6 m167 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

34 m36.3 m38.8 m42.4 m43.9 m49.4 m52.9 m53.3 m55.5 m

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

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

Accounts Receivable

8.6 m8.9 m9.2 m20.5 m

Inventories

PP&E

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

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 m133 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 m50.4 m

Goodwill

110.4 m110 m110 m110 m110 m110 m110 m125.4 m125.3 m136.4 m135.7 m136.4 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 b5.5 b
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

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

Inventories

Accounts Payable

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

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 m15.3 m

Depreciation and Amortization

2.8 m970 k1.8 m2.6 m849 k1.9 m2.8 m878 k1.8 m2.9 m1 m2.1 m1.3 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 m19.9 m

Cash From Investing Activities

1.1 m(25.2 m)(126.7 m)(161.3 m)(62.2 m)(131.4 m)(190.7 m)(30 m)(145 m)(220.8 m)(179.3 m)(259.3 m)(281.2 m)(90.4 m)
USDY, 2018

EV/EBIT

22.2 x

EV/CFO

47.2 x

Revenue/Employee

93.7 k

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 Company Life and Culture

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