LBAI · Lakeland Bancorp Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $1.51M | - | - | - | $1.01M | - | - | - | $1.67M | - |
| Operating Income | $25.70M | - | $28.69M | $29.26M | $25.69M | - | $38.35M | $38.65M | $20.94M | - |
| Interest Expense | $66.30M | - | $57.63M | $49.23M | $38.48M | - | $16.14M | $6.63M | $5.61M | - |
| Income Tax | $5.90M | - | $6.46M | $6.63M | $5.89M | - | $9.60M | $9.54M | $5.01M | - |
| Net Income | $19.80M | - | $22.24M | $22.63M | $19.80M | - | $28.75M | $29.12M | $15.93M | - |
| EPS - Basic | $0.30 | - | $0.34 | $0.34 | $0.30 | - | $0.44 | $0.44 | $0.25 | - |
| EPS - Diluted | $0.30 | - | $0.34 | $0.34 | $0.30 | - | $0.44 | $0.44 | $0.25 | - |
Balance Sheet
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $207.62M | $320.65M | $353.82M | $219.54M | $274.94M | $235.95M | $245.76M | $245.47M | $421.67M | $228.53M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $10.96B | $11.14B | $11.18B | $10.90B | $10.84B | $10.78B | $10.52B | $10.37B | $10.28B | $8.20B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $9.79B | $9.97B | $10.04B | $9.77B | $9.71B | $9.68B | $9.43B | $9.28B | $9.19B | $7.37B |
| Stockholders' Equity | $1.18B | $1.17B | $1.14B | $1.13B | $1.13B | $1.11B | $1.08B | $1.09B | $1.09B | $827.01M |
| Retained Earnings | $386.32M | $376.04M | $365.50M | $352.78M | $339.68M | $329.38M | $305.30M | $286.06M | $266.46M | $259.34M |
Cash Flow
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $24.61M | - | - | - | $36.76M | - | - | - | $29.34M | - |
| Investing Cash Flow | $64.62M | - | - | - | ($40.84M) | - | - | - | $44.43M | - |
| Financing Cash Flow | ($202.27M) | - | - | - | $43.07M | - | - | - | $119.37M | - |
| CapEx | $825.0K | - | - | - | $2.01M | - | - | - | $944.0K | - |
| Free Cash Flow | $23.79M | - | - | - | $34.75M | - | - | - | $28.40M | - |
Ratios
| Metric | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 1.20 | - | - | - | 1.75 | - | - | - | 1.78 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 23.0% | - | 22.5% | 22.7% | 22.9% | - | 25.0% | 24.7% | 23.9% | - |
| Return on assets | 0.2% | - | 0.2% | 0.2% | 0.2% | - | 0.3% | 0.3% | 0.2% | - |
| Return on equity | 1.7% | - | 2.0% | 2.0% | 1.8% | - | 2.7% | 2.7% | 1.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 0.4x | - | 0.5x | 0.6x | 0.7x | - | 2.4x | 5.8x | 3.7x | - |
| Equity multiplier | 9.30 | 9.53 | 9.84 | 9.63 | 9.62 | 9.73 | 9.72 | 9.52 | 9.43 | 9.91 |
| Liabilities / Assets | 0.89 | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 | 0.89 | 0.89 | 0.90 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 0.0% | - | -25.2% | -24.3% | 22.7% | - | 26.6% | 4.8% | -33.0% | - |
| Net income growth (YoY) | -0.1% | - | -22.6% | -22.3% | 24.3% | - | 29.0% | 6.2% | -31.3% | - |
| EPS growth (YoY) | 0.0% | - | -22.7% | -22.7% | 20.0% | - | 2.3% | -17.0% | -44.4% | - |
| EPS CAGR (3y) | -12.6% | - | 6.7% | 13.9% | 7.7% | - | 5.9% | 9.0% | -6.9% | - |
| EPS CAGR (5y) | -0.7% | - | -0.6% | 0.6% | -1.3% | - | 8.7% | 9.5% | -0.8% | - |
| FCF growth (YoY) | -31.5% | - | - | - | 22.4% | - | - | - | 0.4% | - |
| FCF CAGR (5y) | 5.2% | - | - | - | 13.6% | - | - | - | 8.5% | - |
| Book value growth (YoY) | 4.7% | 5.5% | 4.9% | 3.8% | 3.4% | 34.0% | 33.0% | 36.8% | 41.8% | 8.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$37.53M totalProducts And Services Deposit Related Fees And Charges$10.34M · 27.6%
Commissions And Fees$7.20M · 19.2%
Products And Services Debit Card Interchange Income$5.53M · 14.7%
Products And Services Overdraft Charges$3.37M · 9.0%
Products And Services Loan Fees$2.04M · 5.4%
Products And Services Wire Transfer Charges$1.85M · 4.9%
Customer Swap Transactions$1.60M · 4.3%
Products And Services Merchant Fees$1.26M · 3.3%
Products And Services Investment Services Income$1.17M · 3.1%
Noninterest Income Other Operating Income$835.0K · 2.2%
Products And Services ATMService Charges$768.0K · 2.0%
Products And Services Demand Deposit Fees And Charges$588.0K · 1.6%
Products And Services Safe Deposit Income$420.0K · 1.1%
Products And Services Commissions From Sales Of Checks$356.0K · 0.9%
Products And Services Other Income$115.0K · 0.3%
Products And Services Savings Service Charges$90.0K · 0.2%
Bank Owned Title Insurance Income$19.0K · 0.1%
Peer comparison
Same SIC group: State Commercial Banks
Comparing LAKELAND BANCORP INC against the 5 most active filers in the same SIC group.