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, US
Websitelakelandbank.com
Employee Ratings2.4

Latest Updates

Employees (est.) (Feb 2019)621
Job Openings34
Revenue (FY, 2018)$235.4 M(+10%)
Share Price (Mar 2019)$16.1

Key People/Management at Lakeland Bancorp

Thomas J. Shara

Thomas J. Shara

President and Chief Executive Officer / Lakeland Bancorp, Inc. and Lakeland Bank
Ronald E. Schwarz

Ronald E. Schwarz

Sr. Executive Vice President / Chief Operating Officer
Thomas F. Splaine

Thomas F. Splaine

Executive Vice President/Chief Financial Officer
James M. Nigro

James M. Nigro

Executive Vice President / Chief Risk Officer
Ellen Lalwani

Ellen Lalwani

Executive Vice President / Chief Retail Officer
John F. Rath

John F. Rath

Executive Vice President / Chief Lending Officer / Commercial Lending
Show more

Lakeland Bancorp Office Locations

Lakeland Bancorp has offices in West Milford, Rochelle Park, Madison, Teaneck and in 15 other locations
West Milford, US (HQ)
250 Oak Ridge Rd, Oak Ridge
Boonton, US
321 W Main St
Branchville, US
3 Broad St
Butler, US
1410 NJ-23, Butler, NJ 07405, USA
Franklin, US
25 NJ-23, Franklin, NJ 07416, USA
Jefferson, US
5729 Berkshire Valley Rd, Oak Ridge
Show all (19)
Report incorrect company information

Lakeland Bancorp Financials and Metrics

Lakeland Bancorp Revenue

Lakeland Bancorp's revenue was reported to be $235.43 m in FY, 2018
USD

Revenue (FY, 2018)

235.4m

Gross profit (FY, 2018)

195.9m

Gross profit margin (FY, 2018), %

83.2%

Net income (FY, 2018)

63.4m

EBIT (FY, 2018)

173.6m

Market capitalization (18-Mar-2019)

810.9m

Closing stock price (18-Mar-2019)

16.1

Cash (31-Dec-2018)

208.6m

EV

707.4m
Lakeland Bancorp's current market capitalization is $810.9 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

135.2m122.5m148.7m184.6m215.6m235.4m

Revenue growth, %

7%4%45%

Cost of goods sold

9.7m10.9m17.6m25.0m39.6m

Gross profit

125.5m137.8m167.0m190.7m195.9m
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, 2017FY, 2018

Cash

102.7m109.3m118.5m175.8m142.9m208.6m

Accounts Receivable

8.6m8.9m9.2m20.5m

Inventories

PP&E

50.3m49.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

25.0m31.1m32.5m41.5m52.6m63.4m

Depreciation and Amortization

3.6m3.5m3.4m4.0m4.5m5.6m

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

2.8m970.0k1.8m2.6m849.0k1.9m2.8m878.0k1.8m2.9m1.0m2.1m3.3m1.3m2.7m4.1m

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

4.1 x

EV/CFO

8.9 x

Revenue/Employee

388.2k

Financial Leverage

9.3 x
Show all financial metrics

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
Show all operating metrics
Report incorrect company information

Lakeland Bancorp Online and Social Media Presence

Embed Graph
Report incorrect company information

Lakeland Bancorp News and Updates

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…

Lakeland Bancorp Announces Closing of Acquisition of Highlands Bancorp

OAK RIDGE, N.J., Jan. 04, 2019 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ:  LBAI) (“Lakeland Bancorp”), the parent company of Lakeland Bank, announced that its acquisition by merger of Highlands Bancorp, Inc. (formerly OTC Pink:  HSBK) (“Highlands Bancorp”), the parent company of Highlands…

Highlands Bancorp, Inc. Shareholders Approve Merger With Lakeland Bancorp, Inc.; Parties Announce Anticipated Closing Date

OAK RIDGE, N.J. and VERNON, N.J., Dec. 13, 2018 (GLOBE NEWSWIRE) -- 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 State Bank, announced today tha…

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…
Report incorrect company information

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, Ronald E. Schwarz and Thomas F. Splaine.

  • How many employees does Lakeland Bancorp have?

    Lakeland Bancorp has 621 employees.

  • What is Lakeland Bancorp revenue?

    Latest Lakeland Bancorp annual revenue is $235.4 m.

  • What is Lakeland Bancorp revenue per employee?

    Latest Lakeland Bancorp revenue per employee is $379.1 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, Oak Ridge, 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.