Lakeland Bancorp, Inc. (LBAI) financial statements (2022 and earlier)

Company profile

Business Address 250 OAK RIDGE RD
OAK RIDGE, NJ 07438
State of Incorp. NJ
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments246679391217285360360
Cash and cash equivalents229663375202270346343
Short-term investments17161515151417
Total current assets:246679391217285360360
Noncurrent Assets
Operating lease, right-of-use asset15151616171718
Property, plant and equipment46464849484848
Intangible assets, net (including goodwill)159159159159160160160
Goodwill156156156156156156156
Intangible assets, net (excluding goodwill)2333344
Total noncurrent assets:220220222224225225225
Other undisclosed assets7,7327,2747,2417,3317,1556,9386,903
TOTAL ASSETS:8,1988,1727,8547,7727,6647,5227,489
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt10711210062705843
Total current liabilities:10711210062705843
Noncurrent Liabilities
Other undisclosed liabilities7,2647,2466,9576,9416,8306,7106,700
Total liabilities:7,3717,3587,0587,0046,9016,7696,743
Stockholders' equity
Stockholders' equity attributable to parent827814797768764754745
Common stock566565564563562562561
Treasury stock, value(1)(1)(1)(1)(1)(1)(1)
Accumulated other comprehensive income (loss)375(2)111111
Retained earnings259244229208191182174
Total stockholders' equity:827814797768764754745
TOTAL LIABILITIES AND EQUITY:8,1988,1727,8547,7727,6647,5227,489

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues64656664656362
Net investment income64656563636161
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
    (1)(8)(9)
Gross profit:64656664645553
Operating expenses(4)(5)(3)(6)(5)(6)(5)
Operating income:60616358594948
Nonoperating income1111111
Investment income, nonoperating  01011
Bank owned life insurance income1111111
Interest and debt expense(5)(6)(6)(7)(8)(9)(10)
Income from continuing operations before equity method investments, income taxes:56555853524139
Other undisclosed loss from continuing operations before income taxes(27)(25)(21)(22)(28)(22)(23)
Income from continuing operations before income taxes:29303731241916
Income tax expense(7)(8)(9)(8)(5)(4)(4)
Net income available to common stockholders, basic:22222723191412
Other undisclosed net loss available to common stockholders, diluted(1)   (1)  
Net income available to common stockholders, diluted:21222723181412

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:22222723191412
Other comprehensive income      2
Comprehensive income:22222723191414
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)17(13)1(1) 
Comprehensive income, net of tax, attributable to parent:19233410191414

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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