Lakeland Bancorp, Inc. (LBAI) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments283215153210125114
Cash and cash equivalents282209143176118109
Short-term investments16103565
Disposal group, including discontinued operation     1
Total current assets:283215153210125115
Noncurrent Assets
Property, plant and equipment484950523636
Intangible assets, net (including goodwill)161138139139112111
Goodwill156136136136110110
Intangible assets, net (excluding goodwill)422321
Total noncurrent assets:208187189191147147
Other undisclosed assets6,2205,4045,0644,6913,5973,276
TOTAL ASSETS:6,7115,8065,4065,0933,8703,538
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt10040511156830
Total current liabilities:10040511156830
Noncurrent Liabilities
Other undisclosed liabilities5,8865,1424,7724,4283,4013,129
Total liabilities:5,9865,1824,8234,5433,4693,159
Stockholders' equity
Stockholders' equity attributable to parent725624583550401379
Common stock560515513511386385
Accumulated other comprehensive income (loss)2(8)(2)112
Retained earnings (accumulated deficit)163117733913(7)
Total stockholders' equity:725624583550401379
TOTAL LIABILITIES AND EQUITY:6,7115,8065,4065,0933,8703,538

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues259220197170134128
Net investment income256213190163128123
Cost of revenue
(Financial Services Costs)
     (6)
Gross profit:259220197170134122
Operating expenses(26)(88)(79)(78)(65)(62)
Operating income:233132118926960
Nonoperating income632322
Investment income, nonoperating3    0
Bank owned life insurance income332321
Interest and debt expense(60)(40)(25)(18)(9)(9)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (7)
Income from continuing operations before equity method investments, income taxes:1789595776146
Other undisclosed loss from continuing operations before income taxes (15)(15)(14)(13) 
Income from continuing operations before income taxes:1788080634946
Income tax expense(23)(17)(27)(21)(16)(15)
Net income:1556353423231
Other undisclosed net loss attributable to parent(84)     
Net income available to common stockholders, basic:716353423231
Other undisclosed net loss available to common stockholders, diluted(1)(1)(0)(0)(0)(0)
Net income available to common stockholders, diluted:706352413231

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1556353423231
Other comprehensive income (loss)10(3)(3)(1)(0)6
Comprehensive income:1656050413237
Other undisclosed comprehensive loss, net of tax, attributable to parent(84)     
Comprehensive income, net of tax, attributable to parent:816050413237

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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