Lakeland Bank is the wholly-owned subsidiary of Lakeland Bancorp, Inc., which had $7.66 billion in total assets at December 31, 2020. With an extensive branch network and commercial lending centers throughout New Jersey and Highland Mills, N.Y., the Bank offers business and retail banking products and services. Business services include commercial loans and lines of credit, commercial real estate loans, loans for healthcare services, asset-based lending, equipment financing, small business loans and lines and cash management services. Consumer services include online and mobile banking, home equity loans and lines, mortgage options and wealth management solutions. Lakeland is proud to be recognized as one of New Jersey's Best-In State Banks by Forbes and Statista, rated a 5-Star Bank by Bauer Financial and named one of New Jersey's 50 Fastest Growing Companies by NJBIZ.
Company profile
Ticker
LBAI
Exchange
Website
CEO
Thomas Shara
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Lakeland NJ Investment Corporation • Lakeland Investment Corporation • Lakeland Equity, Inc. • Lakeland Preferred Equity, Inc. • NBSC Holdings, Inc. • NBSC Properties, Inc. • Lakeland Title Group LLC • Lakeland Financial Services Agency, Inc. • 1st Constitution Investment Company • 1st Constitution Real Estate Corporation ...
IRS number
222953275
LBAI stock data
Latest filings (excl ownership)
10-K
2022 FY
Annual report
28 Feb 23
8-K
Announce the Receipt of Shareholder Approvals in Connection with Proposed Merger
2 Feb 23
8-K
Lakeland Bancorp Announces Record Quarterly and Year-End 2022 Earnings
26 Jan 23
425
Business combination disclosure
25 Jan 23
425
Business combination disclosure
25 Jan 23
8-K
Other Events
25 Jan 23
8-K
Lakeland Bancorp Announces Date for Fourth Quarter Earnings
17 Jan 23
DEFM14A
Proxy related to merger
21 Dec 22
10-Q
2022 Q3
Quarterly report
8 Nov 22
8-K
Lakeland Bancorp Announces Third Quarter Results
27 Oct 22
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 235.95 mm | 235.95 mm | 235.95 mm | 235.95 mm | 235.95 mm | 235.95 mm |
| Cash burn (monthly) | 3.27 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 9.55 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 226.40 mm | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 69.2 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
24.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 177 |
| Opened positions | 18 |
| Closed positions | 23 |
| Increased positions | 57 |
| Reduced positions | 64 |
| 13F shares | Current |
|---|---|
| Total value | 594.59 bn |
| Total shares | 38.27 mm |
| Total puts | 46.60 k |
| Total calls | 192.50 k |
| Total put/call ratio | 0.2 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 6.32 mm | $111.29 bn |
| Vanguard | 3.71 mm | $65.29 bn |
| Dimensional Fund Advisors | 3.68 mm | $64.72 mm |
| STT State Street | 1.63 mm | $28.65 bn |
| Systematic Financial Management | 1.53 mm | $26.94 bn |
| Arp Americas | 1.52 mm | $26.80 bn |
| Banc Funds | 1.41 mm | $24.87 bn |
| Geode Capital Management | 1.20 mm | $21.18 bn |
| NTRS Northern Trust | 911.66 k | $16.05 bn |
| MS Morgan Stanley | 826.39 k | $14.55 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Mar 23 | Gragnolati Brian | Common Stock | Buy | Acquire P | No | No | 17.15 | 4,355 | 74.69 k | 28,203 |
| 1 Mar 23 | Hanson James E. II | Common Stock | Buy | Acquire P | No | No | 19.07 | 1,400 | 26.70 k | 31,199 |
| 27 Feb 23 | Ho-Sing-Loy Paul | Common Stock | Payment of exercise | Dispose F | No | No | 19.2 | 2,843 | 54.59 k | 40,780 |
| 27 Feb 23 | Ellen Lalwani | Common Stock | Payment of exercise | Dispose F | No | No | 19.2 | 2,749 | 52.78 k | 52,790 |
| 27 Feb 23 | John F Rath | Common Stock | Payment of exercise | Dispose F | No | No | 19.2 | 3,387 | 65.03 k | 57,234 |
News
Provident Financial Services, Inc. And Lakeland Bancorp, Inc. Announce The Receipt Of Shareholder Approvals In Connection With Proposed Merger
1 Feb 23
Lakeland Bancorp Q4 EPS $0.51 Beats $0.49 Estimate, Sales $88.66M Miss $90.09M Estimate
26 Jan 23
Earnings Scheduled For January 26, 2023
26 Jan 23
A Preview Of Lakeland Bancorp's Earnings
25 Jan 23
Press releases
Provident Financial Services, Inc. and Lakeland Bancorp, Inc. Announce the Receipt of Shareholder Approvals in Connection with Proposed Merger
1 Feb 23
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SAFE, LBAI, FCRD, MYOV
26 Jan 23
Lakeland Bancorp Announces Record Quarterly and Year-End 2022 Earnings
26 Jan 23
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SAFE, LBAI, IMRA, LMST
19 Jan 23
Lakeland Bancorp Announces Date for Fourth Quarter Earnings
17 Jan 23