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Lakeland Bancorp (LBAI)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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Lakeland Bancorp Income Statement 2023-2008 | LBAI
Brief overview of revenue and earnings at Lakeland Bancorp
This overview is based on financial performance over the past five years. Revenue at Lakeland Bancorp moved from 194 million dollars in 2018 to 2.5 million dollars in 2023. The five-year change reached −98.7%, while CAGR stood at −58.3%. The negative rate indicates weakening core operations.
Net income changed from 63.4 million dollars to 84.7 million dollars (+33.7%). Revenue converted into net income more efficiently.
The five-year change in capitalization reached +17.6%: from $635 million to $747 million. Market value supported the favorable financial trajectory.
Summary assessment
The five-year picture requires weighing both strengths and weaknesses. Key strengths include a stronger final result. The weaker side of the profile includes weak sales momentum. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Lakeland Bancorp
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
747 M | 1.25 B | 961 M | 620 M | 814 M | 635 M | 805 M | 718 M | 371 M | 357 M | 321 M | 213 M | 154 M | - | - | - |
Shares |
65 M | 64.6 M | 50.6 M | 50.5 M | 50.5 M | 47.6 M | 47.4 M | 42.9 M | 37.8 M | 37.7 M | 34.7 M | 29 M | 26.6 M | 26.4 M | - | - |
Historical Prices |
11.5 | 19.3 | 19 | 12.3 | 16.1 | 13.3 | 17 | 16.7 | 9.8 | 9.45 | 9.25 | 7.35 | 5.78 | - | - | - |
Net Income |
84.7 M | 107 M | 95 M | 57.5 M | 70.7 M | 63.4 M | 52.6 M | 41.5 M | 32.5 M | 31.1 M | 25 M | 21.7 M | 19.9 M | 19.2 M | -5.4 M | - |
Revenue |
2.45 M | 3.05 M | 1.15 M | 5.33 M | 220 M | 194 M | 189 M | 165 M | 135 M | 131 M | 124 M | 114 M | 116 M | - | - | - |
Cost of Revenue |
109 M | 108 M | 82.6 M | 76.5 M | 75.3 M | 68.6 M | 61.2 M | 56.1 M | 48.6 M | 45.2 M | 41.9 M | 38.6 M | 36.5 M | 36.1 M | 34.5 M | - |
Interest Expense |
209 M | 54.9 M | 22.5 M | 41.2 M | 60.5 M | 39.6 M | 25 M | 17.6 M | 10.9 M | 8.94 M | 9.66 M | 15.4 M | 20.1 M | 25.9 M | 40.4 M | - |
EBITDA |
5.12 M | 5.14 M | 5.13 M | 3.86 M | 1.64 M | 5.56 M | 4.54 M | 3.96 M | 3.41 M | 3.45 M | 3.62 M | 3.07 M | 2.9 M | 3.06 M | 3.31 M | - |
Operating Expenses |
- | - | - | - | 186 M | 155 M | 136 M | 118 M | 99 M | 94 M | 95 M | 98 M | 107 M | - | - | - |
General and Administrative Expenses |
- | - | - | - | 86.2 M | 77.2 M | 68.1 M | 63.6 M | 55.2 M | 48.6 M | 45.4 M | 42.2 M | 40.7 M | - | - | - |
All numbers in USD currency
Quarterly Income Statement Lakeland Bancorp
| 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
65.1 M | 65 M | 65.1 M | 65.1 M | 65 M | 64.9 M | 64.8 M | 64.8 M | 64 M | 50.6 M | 50.6 M | 50.6 M | 50.6 M | 50.5 M | 50.5 M | 50.5 M | 50.6 M | 50.5 M | 50.6 M | 50.5 M | 50.3 M | - | 47.6 M | 47.6 M | 47.5 M | - | 47.5 M | 47.5 M | 47.4 M | - | 44.4 M | 41.2 M | 40.9 M | - | 37.9 M | 37.9 M | 37.8 M | - | 37.8 M | 37.7 M | 35.9 M | 36.1 M | 35.5 M | 31.5 M | 29.6 M | 29.7 M | 27.6 M | 26.7 M | 26.7 M | 26.8 M | 26.6 M | 26.6 M | - |
Net Income |
19.8 M | - | 22.2 M | 22.6 M | 19.8 M | - | 28.7 M | 29.1 M | 15.9 M | - | 22.3 M | 27.4 M | 23.2 M | - | 14.4 M | 11.9 M | 12.4 M | - | 18.9 M | 17.5 M | 15.6 M | - | 16.8 M | 15.8 M | 15.3 M | - | 13.7 M | 13.4 M | 12.3 M | - | 11.3 M | 10.1 M | 8.11 M | - | 7.82 M | 7.86 M | 8.33 M | - | 8.25 M | 7.78 M | 7.16 M | - | 6.62 M | 5.9 M | 5.11 M | 5.83 M | 5.49 M | 5.45 M | 5.11 M | 5.12 M | 5.11 M | 4.86 M | 4.77 M |
Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 478 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
26.9 M | - | 26.2 M | 27.6 M | 30 M | - | 26.6 M | 26.9 M | 27.7 M | - | 21.5 M | 20.4 M | 20.5 M | - | 19.7 M | 20.3 M | 20.2 M | - | 19.1 M | 19.4 M | 19.2 M | - | 17.4 M | 16.7 M | 16.9 M | - | 15.1 M | 15.1 M | 15.4 M | - | 14.6 M | 13.1 M | 14.1 M | - | 12.4 M | 12.1 M | 11.8 M | - | 11.3 M | 11.2 M | 10.8 M | - | 11 M | 10.1 M | 9.95 M | - | 9.58 M | 9.56 M | 9.44 M | - | 9.28 M | 9.2 M | 8.99 M |
Interest Expense |
66.3 M | - | 57.6 M | 49.2 M | 38.5 M | - | 16.1 M | 6.63 M | 5.61 M | - | 5.6 M | 5.5 M | 6.68 M | - | 9.3 M | 10.5 M | 13.7 M | - | 15.9 M | 15.6 M | 14.6 M | - | 10.7 M | 8.77 M | 7.91 M | - | 6.62 M | 5.79 M | 5.47 M | - | 4.49 M | 3.94 M | 3.72 M | - | 2.82 M | 2.64 M | 2.47 M | - | 2.34 M | 2.13 M | 2.08 M | - | 2.37 M | 2.48 M | 2.63 M | 3.07 M | 3.84 M | 4.19 M | 4.35 M | 4.69 M | 4.94 M | 5.18 M | 5.3 M |
EBITDA |
1.51 M | - | 3.73 M | 2.22 M | 1.01 M | - | 4.07 M | 3.32 M | 1.66 M | - | 3.97 M | 1.81 M | 1.04 M | - | 2.59 M | 1.66 M | 855 K | - | 1.16 M | 4.26 M | 2.14 M | - | 4.11 M | 2.69 M | 1.32 M | - | 3.27 M | 2.08 M | 1.01 M | - | 2.88 M | 1.85 M | 878 K | - | 2.79 M | 1.91 M | 849 K | - | 2.63 M | 1.81 M | 970 K | - | 2.77 M | 1.8 M | 860 K | - | 2.23 M | 1.44 M | 715 K | - | 2.96 M | 2 M | 1.01 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Lakeland Bancorp (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.