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Lakeland Bancorp Inc (LBAI) Annual Income Statement

Annual · GAAP · USD millions
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Observing income statement movements over recent quarters helps explain how Lakeland Bancorp Inc adapts pricing, costs, and operating efficiency.
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Annual Report, GAAP in USD millions
ITEM 		(Dec 31 2023)
2023 		(Dec 31 2022) (Dec 31 2021) (Dec 31 2020) (Dec 31 2019)
Revenues
Interest and Fee Income, Loans and Leases432.04
Interest and Dividend Income, Securities, Operating6.22
Interest Income, Federal Funds Sold5.31
Other Income47.48
Total Interest Income491.04
Interest Expense, Deposits163.10
Interest Expense, Federal Funds Purchased and Securities Sold under Agreements to Repurchase33.56
Interest Expense, Other Long-term Debt12.70
Net Interest (-)Expense / Income-209.36
Net Interest Income281.68
Provision for loan losses13.05
Total Net Interest Income268.63
Other Non-interest Income0.91
Loss / Gain on Investment1.51
Other Non-Interest Income5.16
Total Non-interest Income25.14
Total Revenues293.77
Costs & Expenses
Salaries & employee benefits, SGA108.87
Restructuring, Accretion & impairment charges0.86
Depreciation & Amortization0.00
Information Technology and Data Processing7.56
Supplies and Postage Expense0.00
Federal Deposit Insurance Corporation Premium Expense5.29
Other Noninterest Expense29.08
Other loss /-income0.00
Total Operating Expenses182.97
Total Costs & Expenses392.33
Income & Taxes
Income /-loss before income taxes110.79
Income taxes expenses/-benefit26.05
Income after income taxes84.74
Net income/-loss of other equity0.00
Income /-loss after income taxes84.74
Net Income/-loss84.74
Other0.00
Income/-loss to shareholder83.88
Earnings Per Share
Basic EPS (excl. extra items)1.29
Basic Net EPS1.29
Basic shares outstanding (Mill. of Units)65.04
Diluted Net EPS1.29
Diluted average shares (Mill. of Units)65.22
Dividend per share0.58
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About Lakeland Bancorp Inc Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-K filings
  • Filed with the SEC: February 28, 2024
  • Original filing: lbai-20231231.htm

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.