Lakeland Bancorp Inc  (LBAI)
Other Ticker:  
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
Price: $13.4300 $0.15 1.130%
Day's High: $13.52 Week Perf: 0.9 %
Day's Low: $ 13.09 30 Day Perf: 18.95 %
Volume (M): 774 52 Wk High: $ 16.00
Volume (M$): $ 10,390 52 Wk Avg: $13.14
Open: $13.45 52 Wk Low: $10.65

 Market Capitalization (Millions $) 886
 Shares Outstanding (Millions) 66
 Employees 551
 Revenues (TTM) (Millions $) 290
 Net Income (TTM) (Millions $) 85
 Cash Flow (TTM) (Millions $) -67
 Capital Exp. (TTM) (Millions $) 4

Lakeland Bancorp Inc

Lakeland Bancorp, Inc. is a bank holding company headquartered in Oak Ridge, New Jersey. The Company was organized in March of 1989 and commenced operations on May 19, 1989, upon the consummation of the acquisition of all of the outstanding stock of Lakeland Bank, formerly named Lakeland State Bank (“Lakeland” or the “Bank” or “Lakeland Bank”). Through Lakeland, the Company operates 53 banking offices, located in Bergen, Essex, Morris, Passaic, Somerset, Sussex, Union and Warren counties in New Jersey; five New Jersey regional commercial lending centers in Bernardsville, Montville, Newton, Teaneck and Wyckoff/Waldwick; and two commercial loan production offices serving Middlesex and Monmouth counties in New Jersey and the Hudson Valley region of New York. Lakeland offers an extensive suite of financial products and services for businesses and consumers.

Through Lakeland, the Company offers a broad range of lending, depository, and related financial services to individuals and small to medium sized businesses located primarily in northern and central New Jersey, the Hudson Valley region in New York, and surrounding areas. In the lending area, these services include short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans and merchant credit card services. In addition to commercial real estate loans, Lakeland makes commercial and industrial loans. These types of loans can diversify the Company’s exposure in a depressed real estate market. Lakeland’s equipment financing division provides a solution to small and medium sized companies who prefer to lease equipment over other financial alternatives. Lakeland’s asset based loan department provides commercial borrowers with another lending alternative.

Depository products include demand deposits, as well as savings, money market and time accounts. The Company also offers wire transfer, internet banking, mobile banking and night depository services to the business community and municipal relationships. In addition, Lakeland offers cash management services, such as remote capture of deposits and overnight sweep repurchase agreements.

Lakeland also offers a broad range of consumer banking services, including checking accounts, savings accounts, NOW accounts, money market accounts, certificates of deposit, internet banking, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services.

The Company is a registered bank holding company under the federal Bank Holding Company Act of 1956, as amended (the “Holding Company Act”), and is required to file with the Federal Reserve Board an annual report and such additional information as the Federal Reserve Board may require pursuant to the Holding Company Act. The Company is subject to examination by the Federal Reserve Board.

Lakeland is a state chartered banking association subject to supervision and examination by the Department of Banking and Insurance of the State of New Jersey (the “Department”) and the Federal Deposit Insurance Corporation (the “FDIC”). The regulations of the State of New Jersey and FDIC govern most aspects of Lakeland’s business, including reserves against deposits, loans, investments, mergers and acquisitions, borrowings, dividends, and location of branch offices. Lakeland is subject to certain restrictions imposed by law on, among other things, (i) the maximum amount of obligations of any one person or entity which may be outstanding at any one time, (ii) investments in stock or other securities of the Company or any subsidiary of the Company, and (iii) the taking of such stock or securities as collateral for loans to any borrower.

The Holding Company Act limits the activities which may be engaged in by the Company and its subsidiaries to those of banking, the ownership and acquisition of assets and securities of banking organizations, and the management of banking organizations, and to certain non-banking activities which the Federal Reserve Board finds, by order or regulation, to be so closely related to banking or managing or controlling a bank as to be a proper incident thereto. The Federal Reserve Board is empowered to differentiate between activities by a bank holding company or a subsidiary thereof and activities commenced by acquisition of a going concern.
With respect to non-banking activities, the Federal Reserve Board has by regulation determined that several non-banking activities are closely related to banking within the meaning of the Holding Company Act and thus may be performed by bank holding companies. Although the Company’s management periodically reviews other avenues of business opportunities that are included in that regulation, the Company has no present plans to engage in any of these activities other than providing investment brokerage services.

With respect to the acquisition of banking organizations, the Company is required to obtain the prior approval of the Federal Reserve Board before it may, by merger, purchase or otherwise, directly or indirectly acquire all or substantially all of the assets of any bank or bank holding company, if, after such acquisition, it will own or control more than 5% of the voting shares of such bank or bank holding company.

   Company Address: 250 Oak Ridge Road Oak Ridge 7438 NJ
   Company Phone Number: 697-2000   Stock Exchange / Ticker: NASDAQ LBAI

Customers Net Income grew by LBAI's Customers Net Profit Margin grew to

76.24 %

15.09 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


Stock Performances by Major Competitors

5 Days Decrease / Increase
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FCNCA        0.04% 
FITB   -3.54%    
NTRS   -2.59%    
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Lakeland Bancorp Inc

Lakeland Bancorp Inc Sees Decrease in Revenue during First Quarter of 20242.

Lakeland Bancorp Inc, a reputable banking institution, has recently released its financial results for the first quarter of the 2024 earnings season. Despite facing some challenges, the company managed to maintain a consistent net profit per share of $0.30 compared to the previous year. However, there was a slight decrease of -3.04% from the prior reporting period, where the net profit per share was $0.31.
On the revenue front, Lakeland Bancorp Inc recorded a decline of -5.321% to $70.34 million compared to $74.30 million during the same period the previous year. Nonetheless, there was a sequential revenue increase of 0.285% from $70.14 million. While the net profits in the first quarter of 2024 earnings season experienced a slight decrease of -0.05% to $19.795 million from $19.805 million in the corresponding period a year before.

Lakeland Bancorp Inc

Lakeland Bancorp Inc Reports a 24.66% Decline in Earnings per Share for the October to December 31 2023 Financial Period

Lakeland Bancorp Inc, a regional bank, experienced a significant decline in its share price and financial performance during the first quarter of 2024. Various indicators, such as decreased earnings, revenue, and profitability margins, suggest that the company may face several challenges in the foreseeable future. This article will explore the implications of these financial results on the company's future prospects.
1. Deteriorating Share Price:
Lakeland Bancorp Inc's share price dropped by a staggering -39.13% compared to the previous year, reaching a decline of -20.65% during Q1 of 2024. Additionally, the shares traded only 10.4% higher than their 52-week low. This significant downturn raises concerns about investor confidence and shows a lack of positive catalysts driving the stock.

Lakeland Bancorp Inc

Defying Expectations: Lakeland Bancorp Inc's Remarkable Resilience Amidst Unprecedented Fiscal Challenges

Lakeland Bancorp Inc, a regional bank, recently released its financial results for the fiscal span ending September 30, 2023. The company experienced a decrease in both revenue and bottom-line, alongside some noteworthy changes in key financial metrics. Despite the challenging environment, there are indications of potential opportunities for the company going forward.
Revenue Decline:
Lakeland Bancorp Inc witnessed a decline in revenue, with a year-on-year decrease of -15.202%. In comparison to the fiscal span ending September 30, 2022, where revenue stood at $86.16 million, the most recent period reported revenue of $73.06 million. This drop can be attributed to various factors, such as changing market conditions and the overall economic landscape.

Lakeland Bancorp Inc

Lakeland Bancorp Inc experiences decline in top and bottom-line performance in Q2 2023

Headline: Lakeland Bancorp Inc Reports Decline in Q2 2023 Income, But Positive Outlook Remains
Subtitle: Future Performance Expected to Recover as Stock Maintains Resilience

Lakeland Bancorp Inc, a leading financial institution, recently released its financial report for the second quarter of 2023, revealing a decline in income and revenue compared to the same period last year. Despite these challenges, the company remains optimistic about its future performance as it adapts to shifting market dynamics.
During Q2 2023, Lakeland Bancorp Inc experienced a 22.73% decrease in income, resulting in earnings of $0.34 per share, compared to $0.44 from a year ago. However, the company's earnings per share (EPS) displayed growth of 13.33%, rising from $0.30 per share in the previous reporting season. This indicates that Lakeland Bancorp Inc has successfully managed to mitigate potential losses despite the overall decrease in income.


Lakeland Bancorp Inc's Segments
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  Company Estimates  
  Revenue Outlook
Lakeland Bancorp Inc does not provide revenue guidance.

Earnings Outlook
Lakeland Bancorp Inc does not provide earnings estimates.

Geographic Revenue Dispersion


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