Lakeland Bancorp, Inc.

Lakeland Bancorp, Inc.

LBAI
Lakeland Bancorp, Inc.US flagNASDAQ Global Select
13.43
USD
+0.15
- -
875.02MMarket Cap
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
4.14
3.95
3.54
3.44
3.56
3.85
3.98
4.07
4.37
4.6
5.03
5.23
4.67
4.45
Basic EPS, GAAP
0.63
0.73
0.72
0.82
0.86
0.97
1.11
1.33
1.4
1.14
1.88
1.66
1.3
1.3
Free Cash Flow per Basic Share
1.67
1.68
1.46
1.14
0.95
1.07
1.34
1.55
1.61
1.53
1.78
1.83
1.7
1.53
Dividend per Share
0.23
0.21
0.23
0.29
0.33
0.37
0.4
0.45
0.49
0.5
0.54
0.58
0.59
0.59
Book Value per Share
8.74
9.64
10.25
10.01
10.55
12.8
12.34
13.28
14.32
14.92
16.3
18.33
18.99
19.15
Tangible Book Value per Share
5.53
6.68
6.88
7.09
7.64
9.58
9.37
10.21
11.19
11.96
13.2
12.81
13.69
13.84
Basic Weighted Avg Shares
28
29
35
38
38
43
47
48
50
51
51
65
65
65
Sales/Revenue/Turnover
116
114
123
130
135
165
189
194
220
232
255
338
304
289
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
3
3
4
4
4
5
5
6
5
8
8
17
12
12
Net Income, GAAP
20
22
25
31
32
42
53
63
71
58
95
107
85
85
Effective Tax Rate (%)
30.5
31.71
33.27
32.75
33.23
33.93
34.32
21.03
24.77
23.08
25.36
25.43
23.52
23.53
Profit Margin (%)
17.18
19
20.31
23.97
24.14
25.1
27.88
32.74
32.06
24.74
37.32
31.77
27.89
29.29
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
232
77
110
174
253
366
277
286
304
161
221
241
537
536
Total Equity
260
281
351
379
401
550
583
624
725
764
827
1,109
1,169
1,179
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
8.07
7.85
8.48
8.36
8.75
9.27
10.42
10.43
7.79
12.04
10.68
7
6.94

Capital Structure

FRC

in mil. unless spec.
Sep'23
Dec'23
Mar'24
ST Debt
- -
- -
- -
LT Borrowings
520
520
520
LT Finance Leases
19
17
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
65
65
65
Market Capitalization
792
940
778

Working Capital

FRC

in mil. unless spec.
Sep'23
Dec'23
Mar'24
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
1,296
1,267
1,122
Accounts Receivable, Net
37
38
38
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.32%
13.88%
5.48%
Free Cash Flow
9.71%
9.26%
-6.53%
Net Income, GAAP
15.4%
10%
-21.08%
Sales/Revenue/Turnover
10.03%
10.29%
-10.09%
Total Cash Common Dividend
17.23%
13.06%
1.97%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
77
87
87
88
338
2023
81
77
74
71
304
2024
67
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.25
0.45
0.44
0.52
1.66
2023
0.3
0.35
0.34
0.31
1.3
2024
0.3
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.14
0.15
0.15
0.15
0.58
2023
0.15
0.15
0.15
0.15
0.59
2024
0.15
- -
- -
- -
- -

Company Description

APIChat
CEO
Thomas J. Shara Jr.
Full Time Employees
826
Sector
Financial Services
Industry
Banks - Regional
Address
250 Oak Ridge Road Oak Ridge NJ United States of America 07438
IPO Date
Jan 4, 1999
Business
Lakeland Bancorp, Inc. (LBAI) operates as the bank holding company for Lakeland Bank, a full-service commercial bank that provides a broad range of financial products and services to businesses and consumers in New Jersey and surrounding regions; core offerings include commercial banking products such as savings, money market and time accounts, demand deposits, commercial real estate loans, commercial and industrial loans, short- and medium-term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, residential mortgage loans, small business administration loans and merchant credit card services; consumer banking services comprising checking accounts, savings accounts, interest-bearing checking accounts, money market accounts, certificates of deposit, online banking, secured and unsecured loans, consumer installment loans, mortgage loans and safe deposit boxes; specialized business services including asset-based lending, equipment leasing and financing solutions for small- and medium-sized companies; cash management services such as remote deposit capture and overnight sweep repurchase agreements; trust services; investment advisory services; life insurance products; and non-deposit products like securities brokerage encompassing mutual funds, variable annuities and insurance. Founded in 1969 and headquartered in Oak Ridge, New Jersey, the bank maintains an extensive branch network and commercial lending centers across northwestern and central New Jersey and the Hudson Valley region of New York, targeting corporations, individuals, partnerships, municipalities and community organizations. In May 2024, Lakeland Bancorp completed its merger with Provident Financial Services, Inc., creating a combined entity with approximately $25 billion in assets, over 140 branches spanning New Jersey, eastern Pennsylvania, New York City and Long Island, enhanced lending capabilities in commercial real estate, asset-based lending and equipment finance, and expanded fee-based businesses including Beacon Trust for wealth management and Provident Protection Plus for insurance, with former Lakeland leadership integrated into the new organization under the Provident brand.

Company News

APIChat
  • Lakeland Bancorp Announces First Quarter Results

  • Lakeland Bancorp Announces Date for First Quarter Earnings

  • Provident (PFS) & Lakeland (LBAI) Get Conditional Nod for Merger

  • Provident Financial Services, Inc. Receives FDIC and New Jersey Department of Banking and Insurance Approvals for its Merger with Lakeland Bancorp, Inc.

  • Lakeland Bancorp Announces Quarterly and Year-End 2023 Earnings

  • Lakeland Bancorp Announces Date for Fourth Quarter Earnings

  • Provident (PFS) & Lakeland (LBAI) Extend Merger Agreement

  • Provident Financial Services, Inc. and Lakeland Bancorp, Inc. Extend Merger Agreement

  • Lakeland Bancorp, Inc. Announces Date For 2023 Annual Meeting of Shareholders

  • Lakeland Bancorp Announces Third Quarter Results

  • Lakeland Bancorp Announces Date for Third Quarter Earnings

  • Lakeland Bancorp: Not Capitalizing On Rising Interest Rates Efficiently

  • Lakeland Bancorp (LBAI) Lags Q2 Earnings and Revenue Estimates

  • Lakeland Bancorp Announces Second Quarter Results

  • Lakeland Bancorp Announces Date for Second Quarter Earnings

  • Lakeland Bancorp (LBAI) Q1 Earnings and Revenues Lag Estimates

  • Lakeland Bancorp (LBAI) Reports Next Week: Wall Street Expects Earnings Growth

  • Apple Among 14 Companies To Announce Dividend Growth In Late April

  • Lakeland Bancorp Announces Date for First Quarter Earnings

  • Lakeland Bancorp Announces Date for Fourth Quarter Earnings