OverviewSuggest Edit

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.

TypePublic
Founded1969
HQWest Milford, NJ, US
Websitelakelandbank.com
Employee Ratings3.1

Latest Updates

Employees (est.) (Dec 2019)692(+7%)
Revenue (FY, 2019)$26.8 M(+21%)
Share Price (Jan 2021)$13.9 (-1%)
Cybersecurity ratingAMore

Key People/Management at Lakeland Bancorp

Thomas J. Shara

Thomas J. Shara

President and Chief Executive Officer
Edward Trucil

Edward Trucil

Vice President / Business Banking Officer
Daniel Leary

Daniel Leary

Senior Vice President / Business Banking Manager
Ronald E. Schwarz

Ronald E. Schwarz

Sr. Executive Vice President, Chief Operating Officer
Mary Ann Deacon

Mary Ann Deacon

Board Member
Thomas F. Splaine

Thomas F. Splaine

Executive Vice President, Chief Financial Officer
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Lakeland Bancorp Office Locations

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

Lakeland Bancorp Revenue

Lakeland Bancorp's revenue was reported to be $26.80 m in FY, 2019
USD

Revenue (Q3, 2020)

6.8m

Net income (Q3, 2020)

14.4m

Market capitalization (15-Jan-2021)

701.0m

Closing stock price (15-Jan-2021)

13.9

Cash (30-Sept-2020)

345.9m

EV

373.6m
Lakeland Bancorp's current market capitalization is $701 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

18.1m18.9m21.0m17.7m21.2m21.3m25.4m22.3m26.8m

Revenue growth, %

7%4%45%

Sales and marketing expense

2.4m2.0m2.1m2.0m1.6m1.7m1.7m1.4m1.9m

R&D expense

1.5m1.9m2.0m3.6m4.9m
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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 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

Lakeland Bancorp Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Lakeland Bancorp Online and Social Media Presence

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Lakeland Bancorp News and Updates

Lakeland Bancorp Announces Third Quarter Results

OAK RIDGE, N.J., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $14.4 million and earnings per diluted share ("EPS") of $0.28 for the three months ended September 30, 2020 compared to…

Lakeland Bancorp Announces Record 2019 Earnings

OAK RIDGE, N.J., Jan. 24, 2020 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $18.7 million and earnings per diluted share ("EPS") of $0.37 for the three months ended December 31, 2019 compared to …

Lakeland Bancorp Announces Third Quarter Results and Share Repurchase Program

OAK RIDGE, N.J., Oct. 24, 2019 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $18.9 million and earnings per diluted share ("EPS") of $0.37 for the three months ended September 30, 2019 compared to…

Lakeland Bancorp Announces Second Quarter Results

OAK RIDGE, N.J., July 26, 2019 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $17.5 million and earnings per diluted share ("EPS") of $0.34 for the three months ended June 30, 2019 versus net incom…

Lakeland Bancorp Announces First Quarter Results and Increases Cash Dividend 9%

OAK RIDGE, N.J., April 29, 2019 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $15.6 million and earnings per diluted share ("EPS") of $0.31 for the three months ended March 31, 2019 versus net inc…

Lakeland Bancorp Announces Fourth Quarter and Record Annual Results

OAK RIDGE, N.J., Jan. 28, 2019 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $15.6 million for the three months ended December 31, 2018, an 18% increase compared to $13.2 million for the three mon…
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Lakeland Bancorp Frequently Asked Questions

  • When was Lakeland Bancorp founded?

    Lakeland Bancorp was founded in 1969.

  • Who are Lakeland Bancorp key executives?

    Lakeland Bancorp's key executives are Thomas J. Shara, Edward Trucil and Daniel Leary.

  • How many employees does Lakeland Bancorp have?

    Lakeland Bancorp has 692 employees.

  • What is Lakeland Bancorp revenue?

    Latest Lakeland Bancorp annual revenue is $26.8 m.

  • What is Lakeland Bancorp revenue per employee?

    Latest Lakeland Bancorp revenue per employee is $38.7 k.

  • Who are Lakeland Bancorp competitors?

    Competitors of Lakeland Bancorp include Old Line Bancshares, ING and AmeriServ Financial.

  • Where is Lakeland Bancorp headquarters?

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

  • Where are Lakeland Bancorp offices?

    Lakeland Bancorp has an office in West Milford.

  • How many offices does Lakeland Bancorp have?

    Lakeland Bancorp has 1 office.