Lakeland Bancorp, Inc. (LBAI) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments285283215153210125
Cash and cash equivalents270282209143176118
Short-term investments151610356
Total current assets:285283215153210125
Noncurrent Assets
Operating lease, right-of-use asset17 
Property, plant and equipment484849505236
Intangible assets, net (including goodwill)160161138139139112
Goodwill156156136136136110
Intangible assets, net (excluding goodwill)342232
Total noncurrent assets:225208187189191147
Other undisclosed assets7,1556,2205,4045,0644,6913,597
TOTAL ASSETS:7,6646,7115,8065,4065,0933,870
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt70100405111568
Total current liabilities:70100405111568
Noncurrent Liabilities
Other undisclosed liabilities6,8305,8865,1424,7724,4283,401
Total liabilities:6,9015,9865,1824,8234,5433,469
Stockholders' equity
Stockholders' equity attributable to parent764725624583550401
Common stock562560515513511386
Treasury stock, value(1)     
Accumulated other comprehensive income (loss)112(8)(2)11
Retained earnings191163117733913
Total stockholders' equity:764725624583550401
TOTAL LIABILITIES AND EQUITY:7,6646,7115,8065,4065,0933,870

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues253259220197170134
Net investment income249256213190163128
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(27)     
Gross profit:226259220197170134
Operating expenses(21)(26)(88)(79)(78)(65)
Operating income:2042331321189269
Nonoperating income763232
Investment income, nonoperating53    
Bank owned life insurance income333232
Interest and debt expense(41)(60)(40)(25)(18)(9)
Income from continuing operations before equity method investments, income taxes:17017895957761
Other undisclosed loss from continuing operations before income taxes(96) (15)(15)(14)(13)
Income from continuing operations before income taxes:7517880806349
Income tax expense(17)(23)(17)(27)(21)(16)
Net income:5815563534232
Other undisclosed net loss attributable to parent (84)    
Net income available to common stockholders, basic:587163534232
Other undisclosed net loss available to common stockholders, diluted(1)(1)(1)(0)(0)(0)
Net income available to common stockholders, diluted:577063524132

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:5815563534232
Other comprehensive income (loss) 10(3)(3)(1)(0)
Comprehensive income:5816560504132
Other undisclosed comprehensive income (loss), net of tax, attributable to parent9(84)    
Comprehensive income, net of tax, attributable to parent:678160504132

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: