Lakeland Bancorp
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Lakeland Bancorp's past years’ income statements indicate that its last revenue has increased compared to the previous period by 51% to $514,580,000. Profit margin reached 16%. Total operating expenses were $41,932,000.
Profit Margin
| 2014 | 131.28M | 31.12M | 23.71% |
|---|---|---|---|
| 2015 | 134.57M | 32.48M | 24.14% |
| 2016 | 165.39M | 41.51M | 25.1% |
| 2017 | 188.62M | 52.58M | 27.88% |
| 2018 | 193.67M | 63.40M | 32.74% |
| 2019 | 220.45M | 70.67M | 32.06% |
| 2020 | 232.46M | 57.51M | 24.74% |
| 2021 | 257.19M | 95.04M | 36.95% |
| 2022 | 340.71M | 107.36M | 31.51% |
| 2023 | 514.58M | 84.74M | 16.47% |
LBAI Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 514.58M | 340.71M | 257.19M | 232.46M | 220.45M | 193.67M | 188.62M | 165.39M | 134.57M | 131.28M |
Cost of revenue | 0 | 31.59M | 23.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 514.58M | 309.12M | 233.37M | 232.46M | 220.45M | 193.67M | 188.62M | 165.39M | 134.57M | 131.28M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 2.23M | 2.52M | 1.64M | 1.25M | 1.94M | 1.43M | 1.67M | 1.67M | 1.58M | 2.02M |
Total operating expenses | 41.93M | 227.75M | -129.86M | -157.68M | -126.50M | -73.82M | 1.67M | 1.67M | 1.58M | 2.02M |
Operating income | 472.64M | 198.92M | 127.33M | 74.77M | 93.94M | 119.85M | 109.55M | 84.44M | 62.93M | 58.67M |
Other income (expenses), net | 110.79M | -54.92M | 127.33M | 74.77M | 93.94M | -39.56M | 80.04M | -21.60M | -3.97M | -2.71M |
Income before tax | 110.79M | 143.99M | 127.33M | 74.77M | 93.94M | 80.28M | 80.04M | 62.83M | 48.64M | 46.28M |
Income tax expense | 26.05M | 36.62M | 32.29M | 17.25M | 23.27M | 16.88M | 27.46M | 21.32M | 16.16M | 15.15M |
Net income | 84.74M | 107.36M | 95.04M | 57.51M | 70.67M | 63.40M | 52.58M | 41.51M | 32.48M | 31.12M |
Earnings per share | ||||||||||
Basic EPS | 1.29 | 1.64 | 1.85 | 1.13 | 1.39 | 1.33 | 1.1 | 0.96 | 0.85 | 0.82 |
Diluted EPS | 1.29 | 1.63 | 1.85 | 1.13 | 1.38 | 1.33 | 1.09 | 0.95 | 0.85 | 0.82 |
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