Lakeland Bancorp (LBAI)
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. • HSB Investment Co. Inc. • 1st Constitution Investment Company ...
IRS number
222953275
LBAI stock data
News
Stocks That Hit 52-Week Lows On Friday
29 Apr 22
Raymond James Maintains Strong Buy on Lakeland Bancorp, Lowers Price Target to $20
29 Apr 22
Lakeland Bancorp: Q1 Earnings Insights
28 Apr 22
Lakeland Bancorp Q1 EPS $0.25 Misses $0.38 Estimate
28 Apr 22
Earnings Scheduled For April 28, 2022
28 Apr 22
Analyst ratings and price targets
Calendar
9 May 22
17 May 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 22 | Ho-Sing-Loy Paul | Common Stock | Payment of exercise | Dispose F | No | No | 17.23 | 886 | 15.27K | 37,762 |
27 Feb 22 | Ronald E Schwarz | Common Stock | Payment of exercise | Dispose F | No | No | 18.36 | 6,044 | 110.97K | 134,789 |
27 Feb 22 | Thomas Splaine Jr | Common Stock | Payment of exercise | Dispose F | No | No | 18.36 | 5,671 | 104.12K | 86,978 |
27 Feb 22 | Ho-Sing-Loy Paul | Common Stock | Payment of exercise | Dispose F | No | No | 18.36 | 726 | 13.33K | 38,648 |
27 Feb 22 | James M. Nigro | Common Stock | Payment of exercise | Dispose F | No | No | 18.36 | 4,906 | 90.07K | 84,825 |
Institutional ownership, Q4 2021
49.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 163 |
Opened positions | 23 |
Closed positions | 12 |
Increased positions | 45 |
Reduced positions | 51 |
13F shares | Current |
---|---|
Total value | 3.29B |
Total shares | 31.96M |
Total puts | 0 |
Total calls | 34.6K |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 4.55M | $86.46M |
FJ Capital Management | 3.14M | $59.59M |
Dimensional Fund Advisors | 3.1M | $58.85M |
Vanguard | 2.85M | $54.1M |
Systematic Financial Management | 1.59M | $30.27M |
STT State Street | 1.34M | $25.45M |
Geode Capital Management | 877.17K | $16.66M |
NTRS Northern Trust | 832.45K | $15.81M |
Banc Funds | 732.94K | $13.92M |
Maltese Capital Management | 725K | $13.77M |
Financial report summary
?Risks
- Our allowance for credit losses on loans may not be adequate to cover actual losses.
- The concentration of our commercial real estate loan portfolio may subject us to increased regulatory analysis, or otherwise adversely affect our business and operating results.
- Our mortgage banking operations expose us to risks that are different than the risks associated with our retail banking operations.
- We are subject to various lending and other economic risks that could adversely affect our results of operations and financial condition.
- We may suffer losses in our loan portfolio despite our underwriting practices.
- We are subject to interest rate risk and variations in interest rates that may negatively affect our financial performance.
- A decrease in our ability to borrow funds could adversely affect our liquidity.
- Public funds deposits are an important source of funds for us and a reduced level of those deposits may hurt our profits and liquidity.
- The transition from LIBOR as a reference rate may adversely impact our net income.
- The occurrence of any failure, breach, or interruption in service involving our systems or those of our service providers could damage our reputation, cause losses, increase our expenses, and result in a loss of customers, an increase in regulatory scrutiny, or expose us to civil litigation and possibly financial liability, any of which could adversely impact our financial condition, results of operations and the market price of our stock.
- The inability to stay current with technological change could adversely affect our business model.
- Our operations rely on certain third party vendors.
- Lakeland’s ability to pay dividends is subject to regulatory limitations which, to the extent that our holding company requires such dividends in the future, may affect our holding company’s ability to pay its obligations and pay dividends to shareholders.
- The Company is subject to heightened regulatory requirements as a result of total assets exceeding $10 billion.
- The effect of future tax reform is uncertain and may adversely affect our business.
- Severe weather, acts of terrorism, geopolitical and other external events could impact our ability to conduct business.
- The outbreak of COVID-19 could continue to materially, adversely affect our business operations, financial condition, results of operations and cash flows.
- An outbreak of any other epidemic, pandemic or outbreak of a highly contagious disease, occurring in the United States or in the geographies in which we conduct operations could materially adversely affect our business operations, financial condition, results of operations and cash flows.
- We face intense competition from other financial services and financial services technology companies, and competitive pressures could adversely affect our business or financial performance.
- The Company may incur impairment to goodwill.
- We could be adversely affected by failure in our internal controls.
- Our risk management strategies may not be fully effective in mitigating our risk exposures in all market environments or against all types of risk.
- The inability to attract and retain key personnel could adversely affect our Company’s business.
- The accuracy of our financial statements and related disclosures could be affected if the judgments, assumptions or estimates used in our critical accounting policies are inaccurate.
- If we do not successfully integrate any banks that we have acquired and may acquire in the future, the combined company may be adversely affected.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Bad
|
New words:
accretable, addressing, arrive, ASC, attained, Bergen, broaden, broader, carryover, connection, conversion, CRA, Cranbury, deductible, deployed, derived, difficulty, diversity, division, enhance, enhancing, EPS, evidence, experienced, experiencing, February, forma, franchise, grouped, headquartered, Hudson, inconsistency, independent, index, introduce, lien, Mercer, Middlesex, Monmouth, Northeast, Ocean, pertaining, practice, predominantly, preliminary, presence, pro, prospective, put, refinancing, Somerset, specialist, sponsored, strike, Subtopic, summed, Valley
Removed:
adjusting, aggregate, approved, April, ascertain, automatically, Basel, behavior, called, comply, construction, deferral, determination, develop, digital, discontinuation, economy, eligible, enable, environment, event, exceed, exempt, exercise, fall, favorably, FDIC, final, framework, grace, guarantee, III, inability, interpreted, intrinsic, Joint, lender, low, managing, marketing, minimize, multiplied, negatively, organic, originate, owner, participating, payroll, principally, qualified, qualifying, reclassify, repaid, repay, requirement, restated, retained, retrospective, Revised, securing, segmentation, strategy, temporarily, traditional, working
Financial reports
Current reports
8-K
Lakeland Bancorp Announces First Quarter Results and Increases Dividend
28 Apr 22
8-K
Lakeland Bancorp Announces Date for First Quarter Earnings and Conference Call
7 Apr 22
8-K/A
Financial Statements and Exhibits
22 Mar 22
8-K
Lakeland Bancorp Announces Quarterly and Year-End 2021 Earnings
26 Jan 22
8-K
Investors Presentation 2021 Fourth Quarter
26 Jan 22
8-K
Lakeland Bancorp Announces Date for Fourth Quarter Earnings and Conference Call
14 Jan 22
8-K
Lakeland Bancorp, Inc. Completes Merger with 1st Constitution Bancorp
6 Jan 22
8-K
Announce Final Regulatory Non-Objection in Connection with Proposed Merger
13 Dec 21
8-K
Announce the Receipt of Shareholder Approvals in Connection with Proposed Merger
7 Dec 21
8-K
Other Events
9 Nov 21
Registration and prospectus
425
Business combination disclosure
9 Nov 21
424B3
Prospectus supplement
19 Oct 21
S-4/A
Registration of securities issued in business combination transactions (amended)
13 Oct 21
424B5
Prospectus supplement for primary offering
9 Sep 21
FWP
Free writing prospectus
8 Sep 21
FWP
Free writing prospectus
8 Sep 21
424B5
Prospectus supplement for primary offering
8 Sep 21
S-4
Registration of securities issued in business combination transactions
26 Aug 21
425
Business combination disclosure
14 Jul 21
425
Business combination disclosure
12 Jul 21
Other
EFFECT
Notice of effectiveness
18 Oct 21
CORRESP
Correspondence with SEC
12 Oct 21
UPLOAD
Letter from SEC
1 Sep 21
EFFECT
Notice of effectiveness
6 Nov 18
CORRESP
Correspondence with SEC
1 Nov 18
UPLOAD
Letter from SEC
10 Oct 18
CT ORDER
Confidential treatment order
2 Apr 18
EFFECT
Notice of effectiveness
22 Dec 16
CORRESP
Correspondence with SEC
21 Dec 16
CORRESP
Correspondence with SEC
15 Dec 16
Ownership
4
LAKELAND BANCORP / Paul Ho-Sing-Loy ownership change
2 Mar 22
4
LAKELAND BANCORP / James M. Nigro ownership change
1 Mar 22
4
LAKELAND BANCORP / Paul Ho-Sing-Loy ownership change
1 Mar 22
4
LAKELAND BANCORP / John F Rath ownership change
1 Mar 22
4
LAKELAND BANCORP / Thomas Splaine Jr ownership change
1 Mar 22
4
LAKELAND BANCORP / RONALD E SCHWARZ ownership change
1 Mar 22
4
LAKELAND BANCORP / Timothy J Matteson ownership change
28 Feb 22
4
LAKELAND BANCORP / Ellen Lalwani ownership change
28 Feb 22
4
LAKELAND BANCORP / Timothy J Matteson ownership change
25 Feb 22
4
LAKELAND BANCORP / Thomas Splaine Jr ownership change
25 Feb 22
Reddit threads
Daily Discussion Thread - May 6th, 2022
6 May 22
Daily Discussion Thread - May 5th, 2022
5 May 22
Daily Discussion Thread - April 28th, 2022
28 Apr 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
Daily Discussion Thread - February 4th, 2022
4 Feb 22
Daily Discussion Thread - February 3rd, 2022
3 Feb 22
Daily Discussion Thread - February 2nd, 2022
2 Feb 22
Daily Discussion Thread - February 1st, 2022
1 Feb 22