Lakeland Bancorp

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.

Company Growth (employees)
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

Lakeland Bancorp Office Locations

Lakeland Bancorp has offices in West Milford, Newton, Branchville, Wantage and in 15 other locations
West Milford, US (HQ)
250 Oak Ridge Rd
Boonton, US
321 W Main St
Jefferson, US
5729 Berkshire Valley Rd
Newton, US
902 Main St
Wantage, US
455 NJ-23
Wharton, US
350 N Main St
Show all (19)

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 (16-Feb-2018)

963.6 m

Cash (30-Sep-2017)

202.9 m
Lakeland Bancorp's current market capitalization is $963.6 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 was reported to be $4.1 b in Q2, 2017
      FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

      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

      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

      Lakeland Bancorp's Web-traffic and Trends

      Lakeland Bancorp Online and Social Media Presence

      Lakeland Bancorp Company Life and Culture

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