Company research
LAKELAND BANCORP INC
CIK 846901Updated Nov 15, 2026
Securities
Historical securities (1)
LBAI · NASDAQ · equity · closed May 15, 2024LBAI price & chart
Historical security
This listing closed May 15, 2024. Live provider charts are shown only for current listings.
In the news
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Financials
FY 2023 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 11,138,567,000Source | 10,783,840,000Source | 8,198,056,000Source | 7,664,297,000Source |
| Property, Plant and Equipment, NetUSD | 52,846,000Source | 55,429,000Source | 45,916,000Source | 48,495,000Source |
| GoodwillUSD | 271,829,000Source | 271,829,000Source | 156,277,000Source | 156,277,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 320,655,000Source | 235,950,000Source | 228,530,000Source | 270,090,000Source |
| Operating Lease, Right-of-Use AssetUSD | 16,008,000Source | 20,052,000Source | 15,222,000Source | 16,772,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 9,969,198,000Source | 9,675,253,000Source | 7,371,042,000Source | 6,900,513,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 858,857,000Source | 855,425,000Source | 565,862,000Source | 562,421,000Source |
| Retained Earnings (Accumulated Deficit)USD | 376,044,000Source | 329,375,000Source | 259,340,000Source | 191,418,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -64,080,000Source | -74,761,000Source | 3,264,000Source | 11,397,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,169,369,000Source | 1,108,587,000Source | 827,014,000Source | 763,784,000Source |
| Liabilities and EquityUSD | 11,138,567,000Source | 10,783,840,000Source | 8,198,056,000Source | 7,664,297,000Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 5,115,000Source | 5,138,000Source | 5,126,000Source | 3,858,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 4,982,000Source | 5,777,000Source | 4,073,000Source | 2,659,000Source |
| Deferred Income Tax Expense (Benefit)USD | -1,017,000Source | 2,747,000Source | 5,422,000Source | -6,763,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 115,605,000Source | 124,696,000Source | 95,103,000Source | 84,991,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | -67,000Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -290,572,000Source | -651,861,000Source | -615,290,000Source | -928,022,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 5,069,000Source | 6,432,000Source | 4,851,000Source | 7,539,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | 0Source | 0Source | 1,452,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 259,672,000Source | 534,585,000Source | 478,627,000Source | 830,750,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 84,705,000Source | 7,420,000Source | -41,560,000Source | -12,281,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 320,655,000Source | 235,950,000Source | 228,530,000Source | 270,090,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 199,204,000Source | 52,110,000Source | 23,372,000Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 2,029,000Source | 2,351,000Source | 868,000Source | 1,025,000Source |
| Bank Owned Life Insurance IncomeUSD | 3,450,000Source | 3,980,000Source | 2,676,000Source | 2,657,000Source |
| Debt and Equity Securities, Gain (Loss)USD | 0Source | 0Source | 9,000Source | 1,213,000Source |
| Debt Securities, Realized Gain (Loss)USD | 0Source | 0Source | 9,000Source | 1,213,000Source |
| DepreciationUSD | 7,700,000Source | 7,500,000Source | 6,800,000Source | 6,500,000Source |
| Equipment ExpenseUSD | — | — | — | 11,275,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 110,000Source | -1,302,000Source | -285,000Source | -552,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 7,208,000Source | 7,688,000Source | — | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 1,596,000Source | 1,576,000Source | 634,000Source | 4,719,000Source |
| Gain (Loss) on Sale of DerivativesUSD | — | — | 634,000Source | 4,719,000Source |
| Gain (Loss) on Disposition of Other AssetsUSD | -41,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -42,000Source | -872,000Source | -281,000Source | -77,000Source |
| Gain (Loss) on Sales of Loans, NetUSD | 1,513,000Source | 2,765,000Source | 2,264,000Source | 3,322,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | 0Source | -831,000Source | — |
| GoodwillUSD | 271,829,000Source | 271,829,000Source | 156,277,000Source | 156,277,000Source |
| Income Tax Expense (Benefit)USD | 26,053,000Source | 36,623,000Source | 32,294,000Source | 17,259,000Source |
| Net Income (Loss) Attributable to ParentUSD | 84,740,000Source | 107,369,000Source | 95,041,000Source | 57,518,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 113,299,000Source | 135,960,000Source | 181,706,000Source | 700,409,000Source |
| Proceeds from Stock Options ExercisedUSD | 0Source | 0Source | 19,000Source | 0Source |
| Provision for Loan, Lease, and Other LossesUSD | 13,052,000Source | 8,514,000Source | -10,896,000Source | 27,222,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | — | — | -10,915,000Source | 25,977,000Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 2,450,000Source | 3,050,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 110,793,000Source | 143,992,000Source | 127,335,000Source | 74,777,000Source |
| Income Tax Expense (Benefit)USD | 26,053,000Source | 36,623,000Source | 32,294,000Source | 17,259,000Source |
| Net Income (Loss) Attributable to ParentUSD | 84,740,000Source | 107,369,000Source | 95,041,000Source | 57,518,000Source |
| Earnings Per Share, BasicUSD per share | 1.29Source | 1.64Source | 1.85Source | 1.13Source |
| Earnings Per Share, DilutedUSD per share | 1.29Source | 1.63Source | 1.85Source | 1.13Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 65,039,000Source | 64,624,000Source | 50,624,000Source | 50,540,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 65,217,000Source | 64,918,000Source | 50,870,000Source | 50,650,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 2,029,000Source | 2,351,000Source | 868,000Source | 1,025,000Source |
| Bank Owned Life Insurance IncomeUSD | 3,450,000Source | 3,980,000Source | 2,676,000Source | 2,657,000Source |
| Current Income Tax Expense (Benefit)USD | 27,070,000Source | 33,876,000Source | 26,872,000Source | 24,022,000Source |
| Debt and Equity Securities, Gain (Loss)USD | 0Source | 0Source | 9,000Source | 1,213,000Source |
| Debt Securities, Realized Gain (Loss)USD | 0Source | 0Source | 9,000Source | 1,213,000Source |
| Equipment ExpenseUSD | — | — | — | 11,275,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 110,000Source | -1,302,000Source | -285,000Source | -552,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 7,208,000Source | 7,688,000Source | — | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 1,596,000Source | 1,576,000Source | 634,000Source | 4,719,000Source |
| Interest ExpenseUSD | 209,357,000Source | 54,928,000Source | 22,483,000Source | 41,155,000Source |
| Interest Income (Expense), NetUSD | 281,681,000Source | 312,615,000Source | 234,835,000Source | 207,687,000Source |
| Labor and Related ExpenseUSD | 108,874,000Source | 108,167,000Source | 82,589,000Source | 80,399,000Source |