Lakeland Bancorp Quarterly Income Statements Chart
Quarterly
|
Annual
Lakeland Bancorp Quarterly Income Statements Table
Quarterly
|
Annual
| Unit: USD | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2019-12-31 | 2019-03-31 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2009-12-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-09-30 | 2002-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| interest income | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| loans and fees | 114,680,000 | 114,678,000 | 111,618,000 | 105,261,000 | 100,481,000 | 95,295,000 | 84,924,000 | 76,973,000 | 67,809,000 | 178,259,000 | 58,778,000 | 56,801,000 | 55,825,000 | 14,410,500 | 57,642,000 | 8,851,500 | 11,828,000 | 11,725,000 | 11,853,000 | 11,848,000 | 11,629,000 | |||||||||||||||||||||||||||||||
| federal funds sold and interest-bearing deposits with banks | 1,102,000 | 1,293,000 | 1,307,000 | 1,981,000 | 728,000 | 449,000 | 429,000 | 235,000 | 182,000 | 403,000 | 37,000 | 92,000 | 36,000 | 63,500 | 254,000 | 145,000 | 166,000 | 154,500 | 210,000 | 132,000 | 276,000 | 228,000 | 142,000 | 124,000 | 75,000 | 32,000 | 7,000 | 11,000 | 12,000 | 25,000 | 24,000 | 9,000 | 13,000 | 36,000 | 27,000 | 17,000 | 13,000 | 22,000 | 17,000 | 6,000 | 6,000 | 12,000 | 16,000 | 11,000 | 12,000 | |||||||
| taxable investment securities and other | 11,631,000 | 11,905,000 | 12,078,000 | 11,939,000 | 11,554,000 | 10,769,000 | 9,589,000 | 8,285,000 | 6,709,000 | 13,227,000 | 3,981,000 | 4,139,000 | 4,763,000 | 1,218,250 | 4,873,000 | 4,027,000 | 3,992,000 | 2,784,250 | 3,720,000 | 3,818,000 | 3,599,000 | 2,878,000 | 2,627,000 | 2,696,000 | 2,962,000 | 2,562,000 | 2,639,000 | 2,688,000 | 2,674,000 | 2,592,000 | 2,387,000 | 2,515,000 | 2,546,000 | 2,441,000 | 2,017,000 | 1,808,000 | 1,719,000 | 1,906,000 | 2,121,000 | 2,207,000 | 2,340,000 | |||||||||||
| tax-exempt investment securities | 1,448,000 | 1,450,000 | 1,536,000 | 1,587,000 | 1,642,000 | 1,666,000 | 1,485,000 | 1,442,000 | 1,302,000 | 2,021,000 | 612,000 | 401,000 | 349,000 | 102,000 | 408,000 | 429,000 | 443,000 | 383,750 | 503,000 | 522,000 | 510,000 | 487,000 | 470,000 | 417,000 | 413,000 | 396,000 | 390,000 | 398,000 | 410,000 | 429,000 | 436,000 | 467,000 | 473,000 | 461,000 | 461,000 | 440,000 | 430,000 | 450,000 | 428,000 | 453,000 | 490,000 | 500,000 | 500,000 | 507,000 | 499,000 | |||||||
| total interest income | 128,861,000 | 129,326,000 | 126,539,000 | 120,768,000 | 114,405,000 | 108,179,000 | 96,427,000 | 86,935,000 | 76,002,000 | 193,910,000 | 63,408,000 | 61,433,000 | 60,973,000 | 15,794,250 | 63,177,000 | 52,260,000 | 50,145,000 | 35,185,750 | 48,735,000 | 47,212,000 | 44,796,000 | 43,683,000 | 43,005,000 | 39,037,000 | 37,571,000 | 33,055,000 | 32,159,000 | 31,308,000 | 30,992,000 | 31,228,000 | 30,796,000 | 30,549,000 | 29,930,000 | 30,145,000 | 29,855,000 | 27,630,000 | 26,569,000 | 27,232,000 | 27,495,000 | 27,938,000 | 28,294,000 | 28,747,000 | 29,288,000 | 29,600,000 | 29,889,000 | 85,230,000 | 16,379,000 | 16,002,000 | 16,211,000 | 16,498,000 | 16,376,000 | |
| interest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| deposits | 54,763,000 | 52,175,000 | 45,058,000 | 36,704,000 | 29,158,000 | 21,767,000 | 13,618,000 | 4,829,000 | 4,039,000 | 11,669,000 | 5,124,000 | 7,012,000 | 8,094,000 | 2,874,250 | 11,497,000 | 6,501,000 | 5,755,000 | 2,890,250 | 4,443,000 | 3,784,000 | 3,334,000 | 3,017,000 | 2,886,000 | 2,404,000 | 2,205,000 | 1,662,000 | 1,464,000 | 1,346,000 | 1,283,000 | 1,302,000 | 1,256,000 | 1,243,000 | 1,263,000 | 1,349,000 | 1,518,000 | 1,560,000 | 1,662,000 | 1,923,000 | 2,026,000 | 2,139,000 | 2,256,000 | 2,568,000 | 2,572,000 | 2,807,000 | 2,931,000 | 17,045,000 | 3,282,000 | 3,030,000 | 3,436,000 | 4,003,000 | 3,810,000 | |
| federal funds purchased and securities sold under agreements to repurchase | 5,560,000 | 5,791,000 | 10,186,000 | 10,365,000 | 7,222,000 | 2,771,000 | 717,000 | 150,000 | 20,000 | 55,000 | 23,000 | 27,000 | 75,000 | 152,000 | 608,000 | 233,000 | 134,000 | 40,000 | 52,000 | 98,000 | 10,000 | 3,000 | 19,000 | 9,000 | 38,000 | 18,000 | 33,000 | 37,000 | 22,000 | 9,000 | 19,000 | 35,000 | 15,000 | 3,000 | 14,000 | 13,000 | 9,000 | 11,000 | 12,000 | 28,000 | 28,000 | 15,000 | 18,000 | 28,000 | 27,000 | |||||||
| other borrowings | 5,980,000 | 6,052,000 | 2,389,000 | 2,157,000 | 2,100,000 | 2,001,000 | 1,807,000 | 1,654,000 | 1,555,000 | 4,079,000 | 1,533,000 | 2,260,000 | 2,285,000 | 616,500 | 2,466,000 | 2,033,000 | 2,020,000 | 1,540,750 | 2,125,000 | 1,909,000 | 2,129,000 | 2,484,000 | 1,582,000 | 1,522,000 | 1,478,000 | 1,256,000 | 1,328,000 | 1,256,000 | 1,169,000 | 1,067,000 | 1,069,000 | 852,000 | 807,000 | 820,000 | 836,000 | 911,000 | 962,000 | 1,134,000 | 1,802,000 | 2,023,000 | 2,064,000 | 2,107,000 | 2,347,000 | 2,344,000 | 2,347,000 | |||||||
| total interest expense | 66,303,000 | 64,018,000 | 57,633,000 | 49,226,000 | 38,480,000 | 26,539,000 | 16,142,000 | 6,633,000 | 5,614,000 | 15,803,000 | 6,680,000 | 9,299,000 | 10,454,000 | 3,642,750 | 14,571,000 | 8,767,000 | 7,909,000 | 4,471,000 | 6,620,000 | 5,791,000 | 5,473,000 | 5,504,000 | 4,487,000 | 3,935,000 | 3,721,000 | 2,936,000 | 2,825,000 | 2,639,000 | 2,474,000 | 2,378,000 | 2,344,000 | 2,130,000 | 2,085,000 | 2,172,000 | 2,368,000 | 2,484,000 | 2,633,000 | 3,068,000 | 3,840,000 | 4,190,000 | 4,348,000 | 4,690,000 | 4,937,000 | 5,179,000 | 5,305,000 | 28,786,000 | 4,209,000 | 3,547,000 | 3,901,000 | 4,490,000 | 4,288,000 | |
| net interest income | 62,558,000 | 65,308,000 | 68,906,000 | 71,542,000 | 75,925,000 | 81,640,000 | 80,285,000 | 80,302,000 | 70,388,000 | 178,107,000 | 56,728,000 | 52,134,000 | 50,519,000 | 147,428,000 | 48,606,000 | 43,493,000 | 42,236,000 | 42,379,000 | 42,115,000 | 41,421,000 | 39,323,000 | 38,179,000 | 38,518,000 | 35,102,000 | 33,850,000 | 30,119,000 | 29,334,000 | 28,669,000 | 28,518,000 | 28,850,000 | 28,452,000 | 28,419,000 | 27,845,000 | 27,973,000 | 27,487,000 | 25,146,000 | 23,936,000 | 24,164,000 | 23,655,000 | 23,748,000 | 23,946,000 | 24,057,000 | 24,351,000 | 24,421,000 | 24,584,000 | 56,444,000 | 12,170,000 | 12,455,000 | 12,310,000 | 12,008,000 | 12,088,000 | |
| benefit for credit losses | -2,692,000 | 6,272,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| net interest income after benefit for credit losses | 65,250,000 | 64,116,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| noninterest income | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| service charges on deposit accounts | 1,959,000 | 2,710,000 | 1,996,000 | 2,844,000 | 2,789,000 | 2,840,000 | 2,808,000 | 2,711,000 | 2,626,000 | 7,560,000 | 2,296,000 | 2,288,000 | 1,875,000 | 643,250 | 2,573,000 | 2,545,000 | 2,611,000 | 1,981,500 | 2,797,000 | 2,674,000 | 2,455,000 | 2,577,000 | 2,615,000 | 2,523,000 | 2,442,000 | 2,620,000 | 2,614,000 | 2,450,000 | 2,340,000 | 2,612,000 | 2,689,000 | 2,663,000 | 2,559,000 | 2,785,000 | 2,838,000 | 2,692,000 | 2,522,000 | 2,590,000 | 2,757,000 | 2,710,000 | 2,447,000 | 2,590,000 | 2,623,000 | 2,571,000 | 2,478,000 | 5,686,000 | 1,913,000 | 1,706,000 | 1,511,000 | 1,492,000 | 1,471,000 | |
| commissions and fees | 1,690,000 | 1,706,000 | 1,731,000 | 1,863,000 | 1,925,000 | 2,243,000 | 2,212,000 | 2,555,000 | 2,106,000 | 5,341,000 | 1,598,000 | 1,667,000 | 1,196,000 | 353,000 | 1,412,000 | 1,410,000 | 1,272,000 | 887,250 | 1,258,000 | 1,135,000 | 1,156,000 | 1,089,000 | 1,182,000 | 1,099,000 | 979,000 | 1,081,000 | 984,000 | 1,196,000 | 1,307,000 | 1,168,000 | 1,371,000 | 1,082,000 | 1,013,000 | 1,090,000 | 1,139,000 | 1,143,000 | 1,213,000 | 1,090,000 | 1,162,000 | 1,259,000 | 980,000 | 916,000 | 915,000 | 1,040,000 | 832,000 | 1,762,000 | 793,000 | 717,000 | 539,000 | 440,000 | 537,000 | |
| income on bank owned life insurance | 877,000 | 837,000 | 816,000 | 1,021,000 | 776,000 | 862,000 | 1,468,000 | 820,000 | 830,000 | 2,042,000 | 634,000 | 670,000 | 665,000 | 170,750 | 683,000 | 711,000 | 719,000 | 387,500 | 624,000 | 500,000 | 426,000 | 437,000 | 1,303,000 | 414,000 | 408,000 | 475,000 | 455,000 | 388,000 | 699,000 | 363,000 | 365,000 | 365,000 | 360,000 | 374,000 | 383,000 | 340,000 | 313,000 | 309,000 | 357,000 | 339,000 | 339,000 | 353,000 | 356,000 | 359,000 | 355,000 | |||||||
| gain on equity securities | -129,000 | -135,000 | 148,000 | -364,000 | -170,000 | 198,000 | 143,000 | 353,000 | ||||||||||||||||||||||||||||||||||||||||||||
| gains on sales of loans held for sale | 305,000 | 252,000 | 349,000 | 229,000 | 430,000 | 624,000 | 355,000 | 715,000 | 1,426,000 | |||||||||||||||||||||||||||||||||||||||||||
| swap income | 289,000 | 482,000 | 697,000 | 361,000 | 56,000 | 466,000 | 711,000 | 399,000 | 72,000 | 562,000 | 624,000 | 767,000 | ||||||||||||||||||||||||||||||||||||||||
| other income | 103,000 | 155,000 | 123,000 | 486,000 | 141,000 | 332,000 | 143,000 | 227,000 | 277,000 | 163,000 | 105,000 | 257,000 | 70,000 | 82,750 | 331,000 | 743,000 | 486,000 | 690,750 | 297,000 | 1,346,000 | 1,120,000 | 533,000 | 564,000 | 424,000 | 248,000 | 114,000 | 116,000 | 443,000 | 392,000 | 326,000 | 384,000 | 261,000 | 139,000 | 890,000 | 285,000 | 420,000 | 498,000 | 600,000 | 264,000 | 103,000 | 75,000 | 59,000 | 299,000 | 66,000 | 102,000 | -242,000 | 228,000 | 287,000 | 264,000 | 254,000 | 255,000 | |
| total noninterest income | 5,094,000 | 6,786,000 | 5,418,000 | 6,669,000 | 6,265,000 | 7,023,000 | 7,233,000 | 7,063,000 | 6,780,000 | 16,602,000 | 5,759,000 | 6,773,000 | 5,481,000 | 1,430,750 | 5,723,000 | 5,709,000 | 5,334,000 | 4,914,750 | 5,454,000 | 6,111,000 | 8,094,000 | 5,161,000 | 6,417,000 | 4,885,000 | 4,867,000 | 4,778,000 | 6,687,000 | 4,958,000 | 4,738,000 | 4,469,000 | 4,809,000 | 4,371,000 | 4,073,000 | 5,472,000 | 4,645,000 | 5,793,000 | 5,051,000 | 5,437,000 | 4,640,000 | 4,771,000 | 4,057,000 | 4,082,000 | 5,095,000 | 4,710,000 | 4,230,000 | 9,213,000 | 3,868,000 | 3,197,000 | 2,579,000 | 3,040,000 | 2,297,000 | |
| noninterest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| compensation and employee benefits | 26,874,000 | 25,137,000 | 26,156,000 | 27,585,000 | 29,996,000 | 26,914,000 | 26,636,000 | 26,938,000 | 27,679,000 | |||||||||||||||||||||||||||||||||||||||||||
| premises and equipment | 7,886,000 | 7,447,000 | 7,888,000 | 7,992,000 | 7,977,000 | 7,657,000 | 7,574,000 | 7,679,000 | 7,972,000 | |||||||||||||||||||||||||||||||||||||||||||
| fdic insurance expense | 1,393,000 | 1,350,000 | 1,354,000 | 1,627,000 | 963,000 | 690,000 | 690,000 | 672,000 | 672,000 | 1,630,000 | 711,000 | 625,000 | 450,000 | 112,500 | 450,000 | 400,000 | 425,000 | 293,250 | 430,000 | 425,000 | 318,000 | 262,000 | 715,000 | 681,000 | 590,000 | 563,000 | 474,000 | 531,000 | 518,000 | 518,000 | 489,000 | 511,000 | 501,000 | 509,000 | 436,000 | 556,000 | 513,000 | 543,000 | 519,000 | 546,000 | 555,000 | 612,000 | 636,000 | 595,000 | 947,000 | |||||||
| data processing expense | 1,781,000 | 1,744,000 | 1,932,000 | 2,025,000 | 1,862,000 | 1,258,000 | 1,419,000 | 1,891,000 | 1,670,000 | 4,199,000 | 1,255,000 | 1,211,000 | 1,436,000 | 331,750 | 1,327,000 | 976,000 | 466,000 | 374,000 | 441,000 | 502,000 | 553,000 | 394,000 | 518,000 | 459,000 | 520,000 | |||||||||||||||||||||||||||
| merger-related expenses | 68,000 | 129,000 | 198,000 | 242,000 | 295,000 | 533,000 | 3,488,000 | |||||||||||||||||||||||||||||||||||||||||||||
| other incomes | 6,647,000 | 5,472,250 | 6,840,000 | 7,537,000 | 7,512,000 | 5,818,250 | 8,004,000 | 7,888,000 | 7,381,000 | 763,250 | 3,053,000 | 2,752,000 | 2,129,000 | 661,250 | 2,645,000 | 2,783,000 | 2,530,000 | 1,928,000 | 2,535,000 | 2,677,000 | 2,500,000 | 3,099,000 | 2,293,000 | 2,616,000 | 2,146,000 | -233,000 | 3,080,000 | 3,366,000 | 2,746,000 | 2,626,000 | 2,945,000 | 2,870,000 | 2,967,000 | 3,630,000 | 2,976,000 | 2,732,000 | 2,306,000 | 2,270,000 | 2,547,000 | 2,353,000 | 2,132,000 | 2,311,000 | 2,641,000 | 2,160,000 | 2,141,000 | 4,257,000 | 2,281,000 | 2,389,000 | 1,939,000 | 1,789,000 | 1,753,000 | |
| total noninterest expense | 44,649,000 | 42,993,000 | 44,368,000 | 47,008,000 | 48,605,000 | 45,370,000 | 47,811,000 | 45,068,000 | 49,959,000 | 106,854,000 | 33,903,000 | 32,097,000 | 31,462,000 | 8,496,000 | 33,984,000 | 27,574,000 | 27,137,000 | 19,671,250 | 24,849,000 | 25,366,000 | 28,470,000 | 24,772,000 | 26,006,000 | 23,715,000 | 25,424,000 | 22,142,000 | 23,832,000 | 21,195,000 | 20,042,000 | 20,178,000 | 19,685,000 | 19,530,000 | 19,742,000 | 20,714,000 | 20,407,000 | 19,393,000 | 18,227,000 | 17,960,000 | 16,968,000 | 16,470,000 | 16,275,000 | 16,353,000 | 18,040,000 | 16,732,000 | 17,026,000 | 45,788,000 | 9,651,000 | 388,000 | 8,967,000 | 8,396,000 | 8,457,000 | |
| income before benefit from income taxes | 25,695,000 | 27,151,000 | 28,694,000 | 29,256,000 | 25,692,000 | 46,053,000 | 38,349,000 | 38,653,000 | 20,937,000 | 96,109,000 | 31,226,000 | 18,810,000 | 15,538,000 | 4,959,250 | 19,837,000 | 20,136,000 | 19,149,000 | 15,262,000 | 12,218,000 | 12,755,000 | 11,857,000 | 11,692,000 | 12,344,000 | 11,552,000 | 12,382,000 | 11,667,000 | 10,687,000 | 11,044,000 | 9,846,000 | 8,952,000 | 7,577,000 | 8,517,000 | 7,977,000 | 8,172,000 | 7,172,000 | 5,300,500 | 7,348,000 | 6,993,000 | 6,861,000 | 4,080,750 | 5,637,000 | 5,514,000 | 5,172,000 | -1,598,000 | 5,178,000 | |||||||
| benefit from income taxes | 5,900,000 | 7,083,000 | 6,455,000 | 6,628,000 | 5,887,000 | 12,476,000 | 9,603,000 | 9,536,000 | 5,008,000 | 24,243,000 | 8,051,000 | 4,383,000 | 3,687,000 | 1,052,750 | 4,211,000 | 4,298,000 | 3,894,000 | 1,768,000 | 1,629,000 | 1,667,000 | ||||||||||||||||||||||||||||||||
| net income | 19,795,000 | 20,068,000 | 22,239,000 | 22,628,000 | 19,805,000 | 33,577,000 | 28,746,000 | 29,117,000 | 15,929,000 | 71,866,000 | 23,175,000 | 14,427,000 | 11,851,000 | 55,046,000 | 15,626,000 | 15,838,000 | 15,255,000 | 13,175,000 | 13,723,000 | 13,370,000 | 12,312,000 | 11,953,000 | 11,327,000 | 10,130,000 | 8,108,000 | 8,464,000 | 7,825,000 | 7,862,000 | 8,330,000 | 7,939,000 | 8,246,000 | 7,781,000 | 7,163,000 | 7,341,000 | 6,617,000 | 5,903,000 | 5,108,000 | 5,829,000 | 5,489,000 | 5,453,000 | 4,971,000 | 5,116,000 | 5,106,000 | 4,858,000 | 4,771,000 | -16,507,000 | 3,822,000 | 3,746,000 | 3,543,000 | -711,000 | 3,511,000 | |
| yoy | -0.05% | -40.23% | -22.64% | -22.29% | 24.33% | -53.28% | 24.04% | 101.82% | 34.41% | 30.56% | 48.31% | -8.91% | -22.31% | 317.81% | 13.87% | 18.46% | 23.90% | 10.22% | 21.15% | 31.98% | 51.85% | 41.22% | 44.75% | 28.85% | -2.67% | 6.61% | -5.11% | 1.04% | 16.29% | 8.15% | 24.62% | 31.81% | 40.23% | 25.94% | 20.55% | 8.25% | 2.76% | 13.94% | 7.50% | 12.25% | 4.19% | -130.93% | 27.11% | 27.36% | 2221.66% | 8.86% | ||||||
| qoq | -1.36% | -9.76% | -1.72% | 14.25% | -41.02% | 16.81% | -1.27% | 82.79% | -77.84% | 210.10% | 60.64% | 21.74% | -78.47% | 252.27% | -1.34% | 3.82% | 15.79% | -3.99% | 2.64% | 8.59% | 3.00% | 5.53% | 11.82% | 24.94% | -4.21% | 8.17% | -0.47% | -5.62% | 4.93% | -3.72% | 5.98% | 8.63% | -2.42% | 10.94% | 12.10% | 15.56% | -12.37% | 6.19% | 0.66% | 9.70% | -2.83% | 0.20% | 5.10% | 1.82% | -531.89% | 2.03% | 5.73% | -598.31% | -120.25% | |||
| net income margin % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| per share of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| basic earnings | 0.3 | 0.31 | 0.34 | 0.34 | 0.3 | 0.51 | 0.44 | 0.44 | 0.25 | 1.4 | 0.45 | 0.28 | 0.23 | 0.078 | 0.31 | 0.33 | 0.32 | 0.205 | 0.29 | 0.28 | 0.26 | 0.27 | 0.25 | 0.24 | 0.2 | 0.22 | 0.2 | 0.21 | 0.22 | 0.21 | 0.22 | 0.2 | 0.2 | 0.21 | 0.18 | 0.19 | 0.17 | 0.2 | 0.2 | 0.2 | 0.16 | 0.19 | 0.19 | 0.18 | 0.14 | |||||||
| diluted earnings | 0.3 | 0.31 | 0.34 | 0.34 | 0.3 | 0.5 | 0.44 | 0.44 | 0.25 | 1.4 | 0.45 | 0.28 | 0.23 | 0.078 | 0.31 | 0.33 | 0.32 | 0.205 | 0.29 | 0.28 | 0.26 | 0.26 | 0.25 | 0.24 | 0.2 | 0.22 | 0.2 | 0.21 | 0.22 | 0.21 | 0.22 | 0.2 | 0.2 | 0.21 | 0.18 | 0.19 | 0.17 | 0.2 | 0.2 | 0.2 | 0.16 | 0.19 | 0.19 | 0.18 | 0.14 | |||||||
| dividends paid | 0.145 | 0.109 | 0.145 | 0.145 | 0.145 | 0.106 | 0.145 | 0.145 | 0.135 | |||||||||||||||||||||||||||||||||||||||||||
| benefit from credit losses | 2,775,500 | 1,262,000 | 1,947,000 | 7,893,000 | 2,818,500 | 1,358,000 | 3,644,000 | -660,500 | -2,642,000 | |||||||||||||||||||||||||||||||||||||||||||
| net interest income after benefit from credit losses | 51,317,750 | 67,644,000 | 69,595,000 | 68,032,000 | 54,925,250 | 78,927,000 | 76,658,000 | 14,842,500 | 59,370,000 | |||||||||||||||||||||||||||||||||||||||||||
| loss on equity securities | -70,250 | -294,000 | 11,000 | -464,000 | -485,000 | -36,000 | -144,000 | |||||||||||||||||||||||||||||||||||||||||||||
| gains on investment securities transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| merger related expenses | 4,585,000 | 318,000 | 2,860,000 | 1,697,000 | 685,000 | 1,721,000 | 822,000 | 330,000 | 7,000 | 744,000 | 1,452,000 | 631,000 | ||||||||||||||||||||||||||||||||||||||||
| gains on sales of loans | 1,556,000 | 708,000 | 1,437,000 | 710,000 | 92,750 | 371,000 | 300,000 | 246,000 | 336,750 | 478,000 | 471,000 | 398,000 | 525,000 | 753,000 | 425,000 | 420,000 | 437,000 | 515,000 | 464,000 | |||||||||||||||||||||||||||||||||
| gains on sales of investment securities | -15,000 | 2,539,000 | 92,500 | 370,000 | 126,500 | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||
| salaries and employee benefits | 5,129,500 | 20,518,000 | 19,694,000 | 20,269,000 | 4,807,750 | 19,231,000 | 16,708,000 | 16,861,000 | 11,403,250 | 15,100,000 | 15,096,000 | 15,417,000 | 14,305,000 | 14,626,000 | 13,091,000 | 14,085,000 | 12,370,000 | 12,376,000 | 12,144,000 | 11,750,000 | 11,827,000 | 11,327,000 | 11,200,000 | 10,813,000 | 10,766,000 | 11,019,000 | 10,133,000 | 9,953,000 | 10,008,000 | 9,578,000 | 9,565,000 | 9,435,000 | 9,035,000 | 9,280,000 | 9,199,000 | 8,986,000 | 19,255,000 | 5,240,000 | 5,051,000 | 4,959,000 | 4,625,000 | 4,714,000 | ||||||||||
| net occupancy expense | 754,750 | 3,019,000 | 2,692,000 | 2,488,000 | 738,500 | 2,954,000 | 2,603,000 | 2,738,000 | 1,917,500 | 2,327,000 | 2,507,000 | 2,836,000 | 2,534,000 | 2,372,000 | 2,341,000 | 2,688,000 | 2,068,000 | 2,067,000 | 2,273,000 | 2,548,000 | 2,190,000 | 2,017,000 | 2,041,000 | 2,617,000 | 2,153,000 | 2,060,000 | 1,887,000 | 1,974,000 | 1,958,000 | 1,807,000 | 1,636,000 | 1,688,000 | 1,680,000 | 1,692,000 | 1,602,000 | 1,911,000 | 3,949,000 | 912,000 | 851,000 | 925,000 | 838,000 | 864,000 | ||||||||||
| furniture and equipment | 824,750 | 3,299,000 | 2,890,000 | 2,783,000 | 529,000 | 2,116,000 | 2,011,000 | 2,206,000 | 1,541,500 | 2,073,000 | 1,996,000 | 2,097,000 | 2,113,000 | 1,876,000 | 2,082,000 | 1,946,000 | 1,764,000 | 1,881,000 | 1,629,000 | 1,656,000 | 1,647,000 | 1,605,000 | 1,660,000 | 1,693,000 | 1,689,000 | 1,582,000 | 1,505,000 | 1,405,000 | 1,324,000 | 1,205,000 | 1,139,000 | 1,083,000 | 1,165,000 | 1,172,000 | 1,225,000 | 1,164,000 | 2,586,000 | 877,000 | 761,000 | 814,000 | 841,000 | 790,000 | ||||||||||
| stationery, supplies and postage | 94,500 | 378,000 | 488,000 | 381,000 | 111,750 | 447,000 | 443,000 | 416,000 | 354,750 | 404,000 | 572,000 | 443,000 | 456,000 | 412,000 | 416,000 | 443,000 | 392,000 | 395,000 | 377,000 | 365,000 | 347,000 | 368,000 | 334,000 | 354,000 | 396,000 | 348,000 | 368,000 | 370,000 | 336,000 | 388,000 | 355,000 | 336,000 | 338,000 | 298,000 | 395,000 | 365,000 | 598,000 | 341,000 | 336,000 | 330,000 | 303,000 | 336,000 | ||||||||||
| marketing expense | 79,500 | 318,000 | 381,000 | 232,000 | 117,250 | 469,000 | 456,000 | 361,000 | 337,750 | 442,000 | 508,000 | 401,000 | 549,000 | 429,000 | 385,000 | 309,000 | 534,000 | 396,000 | 416,000 | 240,000 | 534,000 | 629,000 | 476,000 | 386,000 | 650,000 | 715,000 | 435,000 | 288,000 | 388,000 | 718,000 | 458,000 | 470,000 | 563,000 | 612,000 | 619,000 | 615,000 | ||||||||||||||||
| telecommunications expense | 130,500 | 522,000 | 501,000 | 454,000 | 123,250 | 493,000 | 462,000 | 421,000 | 289,000 | 380,000 | 372,000 | 404,000 | 342,000 | 479,000 | 386,000 | 424,000 | ||||||||||||||||||||||||||||||||||||
| atm and debit card expense | 151,000 | 604,000 | 615,000 | 536,000 | 150,500 | 602,000 | 558,000 | 510,000 | 376,000 | 546,000 | 517,000 | 441,000 | 433,000 | 420,000 | 383,000 | 346,000 | ||||||||||||||||||||||||||||||||||||
| core deposit intangible amortization | 56,500 | 226,000 | 250,000 | 261,000 | 76,000 | 304,000 | 153,000 | 157,000 | 122,250 | 104,000 | 190,000 | 195,000 | 202,000 | 201,000 | 164,000 | 167,000 | 99,000 | 98,000 | 107,000 | 111,000 | 111,000 | 111,000 | 119,000 | 123,000 | 124,000 | 123,000 | 41,000 | 46,000 | 266,000 | 265,000 | ||||||||||||||||||||||
| other real estate and repossessed asset expense | -2,000 | 43,000 | 21,500 | 86,000 | 21,000 | 46,000 | 272,000 | |||||||||||||||||||||||||||||||||||||||||||||
| long-term debt prepayment fee | 2,828,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| dividends | 0.031 | 0.125 | 0.125 | 0.125 | 0.029 | 0.115 | 0.115 | 0.1 | 0.074 | 0.1 | 0.1 | 0.095 | 0.069 | 0.095 | 0.095 | 0.085 | 0.061 | 0.085 | 0.085 | 0.075 | 0.055 | 0.075 | 0.07 | 0.075 | 0.053 | 0.07 | 0.07 | 0.07 | 0.045 | 0.06 | 0.06 | 0.06 | 0.045 | 0.06 | 0.06 | 0.06 | ||||||||||||||||
| benefit from loan losses | 8,000,000 | 9,000,000 | 1,622,000 | 508,000 | 8,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| net interest income after benefit from loan losses | 44,134,000 | 41,519,000 | 12,024,500 | 48,098,000 | 3,758,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| loans, leases and fees | 47,659,000 | 45,544,000 | 31,863,250 | 44,302,000 | 42,740,000 | 40,411,000 | 40,090,000 | 39,766,000 | 35,800,000 | 34,121,000 | 30,065,000 | 29,123,000 | 28,211,000 | 27,896,000 | 28,182,000 | 27,949,000 | 27,558,000 | 26,898,000 | 27,207,000 | 27,350,000 | 25,365,000 | 24,407,000 | 24,854,000 | 24,929,000 | 25,272,000 | 25,458,000 | 25,801,000 | 25,999,000 | 26,120,000 | 26,665,000 | ||||||||||||||||||||||
| benefit from loan and lease losses | 1,492,000 | 1,284,000 | 1,218,000 | 1,827,000 | 1,827,000 | 1,218,000 | 375,000 | 1,763,000 | 1,010,000 | 1,075,000 | 332,000 | 740,000 | 870,000 | 1,589,000 | 1,194,000 | 1,593,000 | 1,489,000 | 1,687,000 | 1,879,000 | 2,594,000 | 3,183,000 | 3,124,000 | 3,350,000 | 3,877,000 | 4,556,000 | 4,425,000 | 4,058,000 | 5,406,000 | 4,927,000 | 49,365,000 | 750,000 | 750,000 | 750,000 | |||||||||||||||||||
| net interest income after benefit from loan and lease losses | 42,001,000 | 40,952,000 | 29,496,750 | 40,288,000 | 39,594,000 | 37,804,000 | 36,755,000 | 27,929,000 | 26,826,000 | 19,871,000 | 14,741,250 | 20,293,000 | 19,015,000 | 19,657,000 | 7,079,000 | 11,420,000 | 11,560,000 | |||||||||||||||||||||||||||||||||||
| expenses (income) on other real estate owned and other repossessed assets | 27,000 | 67,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| income before income tax expense | 14,740,250 | 20,893,000 | 20,339,000 | 17,729,000 | 11,161,500 | 17,166,000 | ||||||||||||||||||||||||||||||||||||||||||||||
| income tax expense | 4,889,000 | 7,170,000 | 6,969,000 | 5,417,000 | 3,770,250 | 5,839,000 | 5,132,000 | 4,110,000 | 2,969,000 | 4,032,000 | 3,830,000 | 4,014,000 | 2,886,500 | 4,136,000 | 3,886,000 | 3,524,000 | 2,186,750 | 3,229,000 | 3,049,000 | 2,469,000 | 1,852,000 | 2,488,000 | 2,719,000 | 2,201,000 | 1,616,750 | 2,242,000 | 2,135,000 | 2,090,000 | ||||||||||||||||||||||||
| expenses on other real estate owned and other repossessed assets | 4,000 | 37,000 | 8,250 | -32,000 | 26,000 | 39,000 | 11,500 | 27,000 | 27,000 | -8,000 | 41,250 | 50,000 | 100,000 | 15,000 | 3,750 | -2,000 | -2,000 | 19,000 | 22,250 | 13,000 | 38,000 | 38,000 | 202,000 | 336,000 | 200,000 | |||||||||||||||||||||||||||
| net interest income after | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| gain on debt extinguishment | 1,197,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| gains on sales and calls of investment securities | 47,500 | 173,000 | 17,000 | 500 | 2,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| gain on debt redemption and extinguishment | 457,500 | 1,830,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| legal expense | 185,500 | 301,000 | 325,000 | 116,000 | 309,000 | 144,000 | 219,000 | 273,000 | 98,000 | 406,000 | 286,000 | 242,000 | 356,000 | 135,000 | 346,000 | 399,000 | 529,000 | 457,000 | 411,000 | 295,000 | ||||||||||||||||||||||||||||||||
| long term debt prepayment penalty | 601,750 | 2,407,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| long term debt prepayment fee | 131,500 | 526,000 | 200,000 | 800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
| dividends on preferred stock and accretion | 620,000 | 294,000 | 293,000 | 294,000 | 1,286,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| net income available to common stockholders | 7,341,000 | 6,617,000 | 5,903,000 | 5,108,000 | 5,829,000 | 5,489,000 | 5,453,000 | 4,351,000 | 4,822,000 | 4,813,000 | 4,564,000 | 3,485,000 | ||||||||||||||||||||||||||||||||||||||||
| gains on investment securities | 505,000 | 68,250 | 241,000 | 32,000 | 307,250 | 785,000 | 444,000 | |||||||||||||||||||||||||||||||||||||||||||||
| gains on leasing related assets | 72,000 | 100,000 | 119,000 | 184,000 | 164,000 | 117,000 | 230,000 | 463,000 | ||||||||||||||||||||||||||||||||||||||||||||
| collection expense | -15,000 | 58,000 | 34,000 | 139,000 | 148,000 | 70,000 | 60,000 | 65,000 | ||||||||||||||||||||||||||||||||||||||||||||
| the accompanying notes are an integral part of these consolidated financial statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| taxable investment securities | 2,434,000 | 2,773,000 | 2,962,000 | 2,713,000 | 3,502,000 | 3,710,000 | 3,507,000 | 3,632,000 | 3,948,000 | 4,124,000 | ||||||||||||||||||||||||||||||||||||||||||
| federal funds sold | 48,250 | 67,000 | 58,000 | 68,000 | 117,000 | 57,000 | ||||||||||||||||||||||||||||||||||||||||||||||
| tax exempt investment securities | 536,000 | 774,000 | 712,000 | 658,000 | 585,000 | 566,000 | ||||||||||||||||||||||||||||||||||||||||||||||
| short-term borrowings | 40,000 | 50,000 | 47,000 | 63,000 | 76,000 | 70,000 | ||||||||||||||||||||||||||||||||||||||||||||||
| long-term debt | 11,762,000 | 877,000 | 470,000 | 402,000 | 411,000 | 408,000 | ||||||||||||||||||||||||||||||||||||||||||||||
| gains on the sales of securities | 421,500 | 934,000 | 487,000 | -11,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
| benefit for income taxes | -12,989,000 | 1,815,000 | -887,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
| earnings per common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| basic | 185 | 250 | 260 | 250 | -50 | 260 | ||||||||||||||||||||||||||||||||||||||||||||||
| diluted | 182.5 | 250 | 260 | 250 | -50 | 250 | ||||||||||||||||||||||||||||||||||||||||||||||
| net interest income after benefit from | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| loan and lease losses | 11,705,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| consolidated statements of comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| other comprehensive income net of tax: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| unrealized securities gains arising during period | 1,296,000 | 1,433,000 | 3,305,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
| less: reclassification for gains included in net income | 333,000 | 558,000 | -7,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
| other: comprehensive income | 963,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| total comprehensive income | 4,709,000 | 164,000 | 6,823,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
| see accompanying notes to consolidated financial statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| gain on the sales of securities | 265,000 | 812,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| gains on sales of leases | 42,000 | 45,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| other comprehensive income | 875,000 | 3,312,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| benefit from possible loan losses | 750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| net interest income after benefit from possible loan losses | 11,338,000 |
We provide you with 20 years income statements for Lakeland Bancorp stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Lakeland Bancorp stock. Explore the full financial landscape of Lakeland Bancorp stock with our expertly curated income statements.
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