$975.6 M

LBAI Mkt cap, 22-Jun-2018

$55.5 M

Lakeland Bancorp Revenue Q1, 2018
Lakeland Bancorp Gross profit (Q1, 2018)47.6 M
Lakeland Bancorp Gross profit margin (Q1, 2018), %85.7%
Lakeland Bancorp Net income (Q1, 2018)15.3 M
Lakeland Bancorp EBIT (Q1, 2018)42.2 M
Lakeland Bancorp Cash, 31-Mar-2018133 M
Lakeland Bancorp EV947.5 M

Lakeland Bancorp Financials

Lakeland Bancorp Income Statement

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

Gross profit Margin, %

92%91%90%

Operating expense total

104.5 m

EBIT

37.4 m46.3 m48.6 m145.6 m165.2 m

EBIT margin, %

33%38%38%79%

Pre tax profit

37.4 m48.6 m62.8 m80 m

Income tax expense

12.5 m15.2 m16.2 m21.3 m27.5 m

Net Income

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

Sales and marketing expense

10.8 m12.1 m12.4 m14.1 m13.1 m14.6 m15.4 m15.1 m

Operating expense total

19.7 m21.2 m23.8 m25.4 m23.7 m26 m28.5 m25.4 m27.1 m

EBIT

27.8 m28.7 m29.3 m33.9 m35.1 m38.5 m39.3 m41.4 m42.1 m42.2 m

EBIT margin, %

82%79%76%80%80%78%74%78%76%

Pre tax profit

10.7 m11.7 m11.9 m12.2 m15.3 m17.2 m17.7 m20.3 m19.1 m

Income tax expense

3.5 m3.8 m4 m4.1 m5.1 m5.8 m5.4 m7 m7.2 m3.9 m

Net Income

6.6 m7.2 m7.8 m8.2 m8.3 m7.9 m7.8 m8.1 m10.1 m11.3 m12.3 m13.4 m13.7 m15.3 m

Lakeland Bancorp Balance Sheet

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

Goodwill

110 m110 m110 m135.7 m136.4 m

Total Assets

3.3 b3.5 b3.9 b5.1 b5.4 b

Accounts Payable

4.1 b4.4 b

Short-term debt

41.2 m41.2 m31.2 m104.8 m104.9 m

Long-term debt

Total Debt

104.8 m104.9 m

Total Liabilities

4.5 b4.8 b

Retained Earnings

(8.5 m)(6.8 m)13.1 m38.6 m72.7 m

Total Equity

351.4 m379.4 m400.5 m550 m583.1 m

Debt to Equity Ratio

0.2 x

Debt to Assets Ratio

0 x

Financial Leverage

9.4 x9.3 x9.7 x9.3 x9.3 x

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

Accounts Payable

2.7 b2.7 b2.7 b2.8 b2.8 b2.8 b2.9 b3.5 b3.5 b3.9 b4.3 b4.2 b4.4 b

Short-term debt

42.5 m41.2 m41.2 m41.2 m41.2 m41.2 m31.2 m31.2 m31.2 m104.8 m104.8 m104.8 m104.9 m

Total Debt

42.5 m41.2 m41.2 m41.2 m41.2 m41.2 m31.2 m31.2 m31.2 m104.8 m104.8 m104.8 m104.9 m

Total Liabilities

3 b3 b3.1 b3.1 b3.2 b3.3 b3.3 b4 b4 b4.4 b4.7 b4.8 b4.8 b4.9 b

Retained Earnings

(13.2 m)(4.1 m)(16.6 m)(11.3 m)(1.3 m)3.3 m7.9 m17.7 m23.8 m30.9 m46.4 m55 m63.9 m85.3 m

Total Equity

347.5 m359.5 m367.8 m372.5 m388.1 m390.9 m397.7 m446.9 m454.9 m498.7 m557.6 m567.5 m577.1 m588.6 m

Financial Leverage

9.5 x9.4 x9.5 x9.4 x9.3 x9.5 x9.4 x9.9 x9.8 x9.8 x9.4 x9.4 x9.4 x9.3 x

Lakeland Bancorp Cash Flow

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

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

50.7 m45.6 m40.8 m50.1 m67.5 m

Cash From Investing Activities

(66.1 m)(220.6 m)(324.9 m)(442.8 m)(355.1 m)

Dividends Paid

(219 k)(12.6 m)(16 m)(18.9 m)

Cash From Financing Activities

10.5 m181.5 m293.3 m450 m254.8 m

Interest Paid

10.8 m16.4 m24.6 m

Income Taxes Paid

16.7 m21.7 m27.4 m

Free Cash Flow

53.5 m48.1 m45.6 m

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)

Dividends Paid

(5.8 m)(2.4 m)(5.1 m)(8 m)(2.9 m)(6.1 m)(9.3 m)(3.5 m)(7.5 m)(11.7 m)(4.5 m)(9.3 m)(14.1 m)(4.8 m)

Cash From Financing Activities

(3.7 m)59.3 m142.4 m151.5 m77.5 m143.6 m173.3 m117.7 m168.2 m260.1 m134.2 m236.1 m261.2 m60.6 m

Interest Paid

6.7 m11.3 m18.6 m6.7 m

Income Taxes Paid

6.3 m11.7 m18.9 m2 m

Free Cash Flow

38.3 m10.3 m19.5 m32.3 m7.7 m14.1 m28.2 m6.5 m9.5 m

Lakeland Bancorp Ratios

USDY, 2018

EV/EBIT

22.4 x

EV/CFO

47.7 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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