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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments246285283215153210
Cash and cash equivalents229270282209143176
Short-term investments1715161035
Total current assets:246285283215153210
Noncurrent Assets
Operating lease, right-of-use asset1517 
Property, plant and equipment464848495052
Intangible assets, net (including goodwill)159160161138139139
Goodwill156156156136136136
Intangible assets, net (excluding goodwill)234223
Total noncurrent assets:220225208187189191
Other undisclosed assets7,7327,1556,2205,4045,0644,691
TOTAL ASSETS:8,1987,6646,7115,8065,4065,093
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt107701004051115
Total current liabilities:107701004051115
Noncurrent Liabilities
Other undisclosed liabilities7,2646,8305,8865,1424,7724,428
Total liabilities:7,3716,9015,9865,1824,8234,543
Stockholders' equity
Stockholders' equity attributable to parent827764725624583550
Common stock566562560515513511
Treasury stock, value(1)(1)    
Accumulated other comprehensive income (loss)3112(8)(2)1
Retained earnings2591911631177339
Total stockholders' equity:827764725624583550
TOTAL LIABILITIES AND EQUITY:8,1987,6646,7115,8065,4065,093

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues259253259220197170
Net investment income257249256213190163
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (27)    
Gross profit:259226259220197170
Operating expenses(15)(21)(26)(88)(79)(78)
Operating income:24520423313211892
Nonoperating income376323
Investment income, nonoperating153   
Bank owned life insurance income333323
Interest and debt expense(23)(41)(60)(40)(25)(18)
Income from continuing operations before equity method investments, income taxes:225170178959577
Other undisclosed loss from continuing operations before income taxes(97)(96) (15)(15)(14)
Income from continuing operations before income taxes:12775178808063
Income tax expense(32)(17)(23)(17)(27)(21)
Net income:9558155635342
Other undisclosed net loss attributable to parent  (84)   
Net income available to common stockholders, basic:955871635342
Other undisclosed net loss available to common stockholders, diluted(1)(1)(1)(1)(0)(0)
Net income available to common stockholders, diluted:945770635241

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:9558155635342
Other comprehensive income (loss)  10(3)(3)(1)
Comprehensive income:9558165605041
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(8)9(84)   
Comprehensive income, net of tax, attributable to parent:876781605041

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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