Lakeland Bancorp

Lakeland Bancorp (NASDAQ: LBAI), is the holding company for Lakeland Bank. Lakeland Bank is the second largest commercial bank headquartered in the state and offers an extensive array of consumer and commercial products and services, including online and mobile banking, localized commercial lending teams, and 24-hour or less turnaround time on consumer loan applications.

Lakeland continues to build on its infrastructure of financial strength, profitability, efficiency and quality service as it moves into the future. By offering retail banking, investment programs and business banking solutions, Lakeland remains a community-oriented provider of financial services. Our solid customer base along with our wide array of products and services allows Lakeland to command a strong competitive position in the markets it serves.

Type
Public
HQ
West Milford, US
Founded
1969
Size (employees)
551 (est)
Lakeland Bancorp was founded in 1969 and is headquartered in West Milford, US

Lakeland Bancorp Office Locations

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

Lakeland Bancorp Data and Metrics

Lakeland Bancorp Financial Metrics

Lakeland Bancorp's revenue was reported to be $184.6 m in 2016
Numbers are in $, USD

Revenue (Y, 2016)

184.6 m

Revenue growth (Y, 2015 - Y, 2016), %

45%

Gross profit (Y, 2016)

167 m

Gross profit margin (Y, 2016), %

90%

Net income (Y, 2016)

41.5 m

EBIT (Y, 2016)

145.6 m

Market capitalization (26-May-2017)

899.7 m

Closing share price (26-May-2017)

19

Cash (31-Dec-2016)

175.8 m
Lakeland Bancorp's current market capitalization is $899.7 m.
Numbers are in $, USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015Y, 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

Gross profit Margin, %

92%91%90%

Operating expense total

78.7 m87.2 m99.9 m

EBIT

37.4 m46.3 m48.6 m145.6 m

EBIT margin, %

33%38%38%79%

Pre tax profit

37.4 m48.6 m62.8 m

Income tax expense

10.1 m8.7 m10.1 m12.5 m15.2 m16.2 m21.3 m

Net Income

25 m31.1 m32.5 m41.5 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

102.7 m109.3 m118.5 m175.8 m

Accounts Receivable

8.6 m8.9 m9.2 m12.6 m

Inventories

Goodwill

110 m110 m110 m135.7 m

Total Assets

3.3 b3.5 b3.9 b5.1 b

Accounts Payable

Retained Earnings

(8.5 m)(6.8 m)13.1 m38.6 m

Total Equity

351.4 m379.4 m400.5 m550 m

Financial Leverage

9.4 x9.3 x9.7 x9.3 x
Numbers are in $, 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

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

50.7 m45.6 m40.8 m50.1 m

Capital Expenditures

(2.8 m)(2.5 m)(4.8 m)

Cash From Investing Activities

(66.1 m)(220.6 m)(324.9 m)(442.8 m)

Dividends Paid

(219 k)(12.6 m)(16 m)

Cash From Financing Activities

10.5 m181.5 m293.3 m450 m

Interest Paid

10.8 m16.4 m

Income Taxes Paid

16.7 m21.7 m

Free Cash Flow

53.5 m48.1 m45.6 m
Numbers are in $, USDY, 2016

Revenue/Employee

335.1 k

Financial Leverage

9.3 x

Lakeland Bancorp Market Value History

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