LAKELAND BANCORP, INC LBAI Income Statement

Lakeland bancorp, inc (LBAI)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST INCOME
Loans and fees
233,750	233,535	226,083	216,701	205,241	193,143	187,273	182,394	177,475	172,342	167,543	163,007	156,067	149,777	139,752	129,109	121,520	115,295	113,412	112,238	111,585	110,587	109,612	109,013	106,820	104,329	101,976	99,555	99,462	100,513	101,460	102,530	103,378	104,585	106,454	108,504	0	0	0
Federal funds sold and interest-bearing deposits with banks
1,625	1,720	2,012	1,850	1,647	1,559	1,106	783	770	880	846	778	770	569	373	238	125	62	55	72	70	71	82	85	93	93	79	69	58	51	41	40	45	51	81	105	0	0	0
Taxable investment securities and other
20,078	19,722	19,415	18,549	17,591	16,710	16,010	15,589	15,380	14,987	14,015	12,922	11,800	11,163	10,847	10,859	10,851	10,563	10,593	10,341	10,168	10,040	9,889	9,519	8,812	7,985	7,450	7,554	7,953	8,574	9,102	9,754	10,509	10,882	11,555	11,791	0	0	0
Tax-exempt investment securities
1,434	1,510	1,575	1,641	1,674	1,709	1,759	1,835	1,928	1,995	2,022	1,989	1,884	1,787	1,696	1,616	1,597	1,594	1,627	1,673	1,742	1,805	1,837	1,862	1,835	1,792	1,781	1,748	1,761	1,821	1,871	1,943	1,997	2,006	2,001	1,998	0	0	0
TOTAL INTEREST INCOME
256,887	256,487	249,085	238,741	226,153	213,121	206,148	200,601	195,553	190,204	184,426	178,696	170,521	163,296	152,668	141,822	134,093	127,514	125,687	124,324	123,565	122,503	121,420	120,479	117,560	114,199	111,286	108,926	109,234	110,959	112,474	114,267	115,929	117,524	120,091	122,398	0	0	0
INTEREST EXPENSE
Deposits
48,614	49,248	47,461	42,623	36,362	30,620	25,724	21,738	19,021	16,600	14,578	13,021	11,641	10,512	9,157	7,735	6,677	5,755	5,395	5,187	5,084	5,064	5,111	5,373	5,690	6,089	6,663	7,171	7,750	8,344	8,989	9,535	10,203	10,878	11,894	13,190	0	0	0
Federal funds purchased and securities sold under agreements to repurchase
1,292	1,471	1,395	1,206	945	471	447	457	322	198	163	130	41	69	84	98	126	110	101	87	85	78	72	67	45	39	47	45	60	79	83	89	89	88	100	113	0	0	0
Other borrowings
9,654	9,734	9,537	9,278	8,917	8,471	8,245	8,183	8,059	8,168	8,647	8,104	7,717	7,066	5,838	5,584	5,318	5,009	4,820	4,561	4,157	3,795	3,548	3,315	3,374	3,529	3,843	4,809	5,921	7,023	7,996	8,541	8,862	9,145	9,751	10,171	0	0	0
Interest Expense
59,560	60,453	58,393	53,107	46,224	39,562	34,416	30,378	27,402	24,966	23,388	21,255	19,399	17,647	15,079	13,417	12,121	10,874	10,316	9,835	9,326	8,937	8,731	8,755	9,109	9,657	10,553	12,025	13,731	15,446	17,068	18,165	19,154	20,111	21,745	23,474	0	0	0
NET INTEREST INCOME
197,327	196,034	190,692	185,634	179,929	173,559	171,732	170,223	168,151	165,238	161,038	157,441	151,122	145,649	137,589	128,405	121,972	116,640	115,371	114,489	114,239	113,566	112,689	111,724	108,451	104,542	100,733	96,901	95,503	95,513	95,406	96,102	96,775	97,413	98,346	98,924	0	0	0
Provision for loan losses
10,845	2,130	1,635	2,145	3,637	4,413	5,040	5,821	6,156	6,090	5,247	5,183	4,366	4,223	3,848	2,417	2,147	1,942	3,531	4,393	5,246	5,865	5,963	6,648	7,649	9,343	10,780	12,251	13,534	14,907	16,208	16,916	18,445	18,816	19,248	20,191	0	0	0
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES
186,482	193,904	189,057	183,489	176,292	169,146	166,692	164,402	161,995	159,148	155,791	152,258	146,756	141,426	133,741	125,988	119,825	114,698	111,840	110,096	108,993	107,701	106,726	105,076	100,802	95,199	89,953	84,650	81,969	80,606	79,198	79,186	78,330	78,597	79,098	78,733	0	0	0
NONINTEREST INCOME
Service charges on deposit accounts
11,132	11,205	10,993	10,756	10,546	10,584	10,584	10,767	10,896	10,740	10,503	10,321	10,170	10,157	10,200	10,199	10,126	10,024	10,016	10,091	10,304	10,523	10,696	10,845	10,874	10,837	10,642	10,561	10,579	10,504	10,504	10,370	10,231	10,262	10,350	10,227	0	0	0
Commissions and fees
6,458	6,230	6,128	5,997	5,682	5,542	5,405	5,249	4,974	4,858	4,638	4,562	4,526	4,349	4,341	4,143	4,240	4,568	4,655	5,042	4,928	4,634	4,556	4,324	4,385	4,585	4,585	4,608	4,724	4,491	4,317	4,070	3,851	3,703	3,752	3,670	0	0	0
Income on bank owned life insurance
2,682	2,700	2,807	3,243	3,264	3,300	3,407	2,904	2,693	2,400	1,987	2,666	2,580	2,562	2,600	1,752	1,726	2,017	1,905	1,815	1,792	1,453	1,464	1,482	1,457	1,410	1,345	1,319	1,318	1,344	1,388	1,387	1,407	1,423	1,446	1,475	0	0	0
Equity Securities, FV-NI, Realized Gain (Loss)
-510	496	326	-185	-212	-583	-384	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of loans
1,704	1,660	1,584	1,582	1,454	1,329	1,519	1,513	1,684	1,836	1,872	2,147	2,101	2,123	2,035	1,797	1,836	1,681	1,387	1,024	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt and Equity Securities, Gain (Loss)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sales of Investment Securities, Net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	-
Gains on sales of investment securities, net
-	-	-	-	-	-	-	-	-	2,524	2,524	2,524	2,539	370	543	560	0	-	0	0	-	2	335	335	336	839	1,282	1,282	1,522	1,049	1,058	1,502	0	-	0	0	-	0	-
Swap income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on leasing related assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,122	1,560	0	0	0
Other income
1,361	1,234	455	-161	-182	190	991	849	1,525	2,141	3,296	3,563	2,641	1,769	1,350	902	921	800	734	859	525	537	619	663	974	1,333	1,875	1,954	1,756	1,517	1,878	1,813	1,657	1,500	544	525	0	0	0
Total Noninterest Income
29,084	26,796	24,440	23,379	22,699	22,310	22,458	22,273	22,675	25,435	24,820	25,783	24,557	21,330	20,947	21,217	21,290	21,161	20,852	18,974	18,387	17,722	18,725	18,561	19,983	20,961	20,926	20,921	19,899	18,905	17,550	18,005	17,944	18,117	20,124	19,582	0	0	0
NONINTEREST EXPENSE
Salaries and employee benefits
78,291	77,287	75,346	73,636	70,965	68,595	66,474	64,222	62,610	61,166	59,918	59,444	57,439	56,107	54,172	51,922	50,975	48,640	48,097	47,048	46,104	45,167	44,106	43,798	42,731	41,871	41,113	39,672	39,104	38,586	37,613	37,315	36,949	36,500	36,538	36,254	0	0	0
Net occupancy expense
10,911	11,029	10,848	10,397	10,371	10,155	10,230	10,241	10,145	10,243	10,204	10,249	10,083	9,935	9,469	9,164	9,096	8,956	9,078	9,028	8,796	8,865	8,828	8,871	8,717	8,074	7,879	7,626	7,375	7,089	6,811	6,696	6,662	6,885	6,799	6,743	0	0	0
Furniture and equipment
9,125	8,681	8,375	8,361	8,207	8,297	8,390	8,393	8,378	8,269	8,279	8,082	8,168	8,017	7,668	7,673	7,220	6,930	6,813	6,537	6,568	6,605	6,647	6,624	6,469	6,181	5,816	5,439	5,073	4,751	4,592	4,559	4,645	4,726	4,831	4,880	0	0	0
FDIC insurance expense
279	431	814	1,634	1,633	1,608	1,629	1,659	1,684	1,577	1,435	1,720	1,976	2,248	2,549	2,308	2,158	2,086	2,041	2,056	2,036	2,019	2,010	1,957	2,002	2,014	2,048	2,131	2,121	2,163	2,232	2,349	2,398	2,790	3,115	3,443	0	0	0
Stationery, supplies and postage
1,551	1,599	1,609	1,614	1,656	1,625	1,608	1,641	1,770	1,797	1,875	1,883	1,727	1,727	1,663	1,646	1,607	1,529	1,484	1,457	1,414	1,403	1,452	1,432	1,466	1,482	1,422	1,462	1,449	1,415	1,417	1,327	1,367	1,396	1,418	1,506	0	0	0
Marketing expense
1,703	1,945	1,707	1,627	1,545	1,437	1,484	1,583	1,635	1,675	1,900	1,887	1,764	1,672	1,657	1,624	1,655	1,586	1,586	1,819	1,879	2,025	2,141	2,227	2,186	2,088	1,826	1,829	1,852	2,034	2,209	2,103	2,264	2,409	2,357	2,393	0	0	0
Data processing expense
4,839	4,913	4,884	4,719	4,470	3,609	3,022	2,380	1,906	1,993	1,890	1,967	1,924	1,891	1,889	1,730	1,709	1,524	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Telecommunications expense
1,894	1,943	1,899	1,857	1,841	1,769	1,772	1,714	1,624	1,607	1,498	1,597	1,611	1,631	1,663	1,555	1,527	1,448	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ATM and debit card expense
2,362	2,377	2,344	2,312	2,287	2,195	2,171	2,161	2,120	2,051	1,937	1,811	1,677	1,582	1,466	1,403	1,402	1,398	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Intangible Assets
1,161	1,200	1,035	889	741	594	617	579	616	654	691	788	762	734	631	528	471	415	427	440	452	464	476	406	0	-	0	0	-	-	0	-	-	577	842	1,062	0	0	0
Collection expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	383	472	0	0	0
Legal expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1,290	1,019	1,079	1,236	1,409	1,731	1,796	1,692	1,574	1,540	0	0	0
Other real estate and repossessed asset expense
182	256	269	285	198	158	185	207	190	181	191	92	114	116	168	227	228	181	115	138	211	234	174	122	20	24	25	40	80	99	61	384	546	780	927	789	0	0	0
Long-term debt prepayment fee
0	-	-	-	0	-	-	-	-	2,828	0	0	0	-	-	-	-	-	0	-	-	-	-	-	-	1,209	526	0	0	-	0	-	-	-	0	-	-	0	-
Merger related expenses
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Acquisition Related Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	4,100	4,433	0	0	-	0	-	-	-	-	-	-	2,834	0	0	0	-	0	-	-	-	-	-	-	-	-
Other expenses
12,322	11,935	11,124	11,153	10,776	10,661	10,771	10,629	10,523	10,493	10,811	10,569	10,508	10,154	9,367	9,368	9,265	8,959	6,155	6,806	7,163	8,290	9,237	9,268	9,130	8,469	10,269	9,898	9,553	9,518	9,917	9,953	9,726	9,596	9,330	8,899	0	0	0
TOTAL NONINTEREST EXPENSE
125,276	126,756	123,896	122,126	118,014	111,167	108,353	105,409	103,201	104,534	103,457	104,614	102,963	99,917	97,287	95,113	92,593	87,211	85,247	81,100	79,435	79,135	79,671	80,393	80,256	78,741	75,987	72,548	69,625	67,673	66,066	67,138	67,400	68,151	70,749	69,816	0	0	0
Income before provision for income taxes
90,290	93,944	89,601	84,742	80,977	80,289	80,797	81,266	81,469	80,049	77,154	73,427	68,350	62,839	57,401	52,092	48,522	48,648	47,445	47,970	47,945	46,288	45,780	43,244	40,529	37,419	34,892	33,023	32,243	31,838	30,682	30,053	28,874	28,563	28,473	28,499	0	0	0
Provision for income taxes
22,852	23,272	22,094	19,351	17,205	16,888	19,771	23,275	25,946	27,469	25,796	24,465	22,628	21,321	19,372	17,565	16,263	16,167	15,489	15,593	15,649	15,159	15,249	14,342	13,505	12,450	11,435	10,694	10,364	10,096	9,653	9,407	8,823	8,712	8,866	9,245	0	0	0
Net Income (Loss) Attributable to Parent
67,438	70,672	67,507	65,391	63,772	63,401	61,026	57,991	55,523	52,580	51,358	48,962	45,722	41,518	38,029	34,527	32,259	32,481	31,956	32,377	32,296	31,129	30,531	28,902	27,024	24,969	23,457	22,329	21,879	21,742	21,029	20,646	20,051	19,851	19,607	19,254	0	0	0
Dividends on Preferred Stock and Accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	620	914	1,207	1,501	2,167	3,462	4,073	0	0	0
Net Income Available to Common Stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,122	20,115	19,439	18,550	17,684	16,145	15,181	0	0	0
Earnings Per Share [Abstract]
Earnings Per Share, Basic
0.24	0.37	0.37	0.34	0.31	0.32	0.35	0.33	0.32	0.27	0.29	0.28	0.26	0.27	0.25	0.24	0.20	0.22	0.20	0.21	0.22	0.21	0.22	0.20	0.19	0.18	0.18	0.18	0.17	0.16	0.20	0.20	0.16	0.18	0.18	0.17	0.13	0.13	0.15
Earnings Per Share, Diluted
0.24	0.36	0.37	0.34	0.31	0.32	0.35	0.33	0.32	0.26	0.29	0.28	0.26	0.26	0.25	0.24	0.20	0.22	0.20	0.21	0.22	0.21	0.22	0.20	0.19	0.18	0.18	0.18	0.17	0.16	0.20	0.20	0.16	0.18	0.18	0.17	0.13	0.13	0.15
Common Stock, Dividends, Per Share, Cash Paid
0.12	0.12	0.12	0.12	0.11	0.12	0.11	0.11	0.10	0.10	0.10	0.10	0.09	0.09	0.09	0.09	0.08	0.08	0.08	0.08	0.07	0.07	0.07	0.07	0.07	0.06	0.06	0.07	0.07	0.06	0.06	0.06	0.06	0.05	0.06	0.06	0.06	0.05	0.05