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Lakeland Bancorp Inc (LBAI) Quarterly Income Statement

Quarterly · 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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Quarterly Report, GAAP in USD millions
ITEM 		(Mar 31 2024)
Q1 2024 		(Dec 31 2023) (Sep 30 2023) (Jun 30 2023) (Mar 31 2023)
Revenues
Interest and Fee Income, Loans and Leases114.68
Interest and Dividend Income, Securities, Operating1.45
Interest Income, Federal Funds Sold1.10
Other Income11.63
Total Interest Income128.86
Interest Expense, Deposits54.76
Interest Expense, Federal Funds Purchased and Securities Sold under Agreements to Repurchase5.56
Interest Expense, Other Long-term Debt5.98
Net Interest (-)Expense / Income-66.30
Net Interest Income62.56
Provision for loan losses-2.69
Total Net Interest Income65.25
Other Non-interest Income0.10
Loss / Gain on Investment0.31
Other Non-Interest Income1.04
Total Non-interest Income5.09
Total Revenues70.34
Costs & Expenses
Salaries & employee benefits, SGA26.87
Restructuring, Accretion & impairment charges0.07
Depreciation & Amortization0.00
Information Technology and Data Processing1.78
Professional Fees and Commission0.83
Federal Deposit Insurance Corporation Premium Expense1.39
Other Noninterest Expense6.65
Total Operating Expenses44.65
Total Costs & Expenses110.95
Income & Taxes
Income /-loss before income taxes25.70
Income taxes expenses/-benefit5.90
Income after income taxes19.80
Net income/-loss of other equity0.00
Income /-loss after income taxes19.80
Net Income/-loss19.80
Income/-loss to shareholder19.80
Earnings Per Share
Basic EPS (excl. extra items)0.30
Basic Net EPS0.30
Basic shares outstanding (Mill. of Units)65.14
Diluted Net EPS0.30
Diluted average shares (Mill. of Units)65.32
Dividend per share0.15
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About Lakeland Bancorp Inc Quarterly 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-Q 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-Q filings
  • Filed with the SEC: April 26, 2024
  • Original filing: lbai-20240331.htm

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