Lakeland Bancorp Inc - Company Profile
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Lakeland Bancorp Inc (LBI) is a bank holding company that offers commercial and retail banking, and wealth management solutions through its subsidiaries. Its portfolio of offerings comprises a range of accounts and deposits, such as checking, savings, and certificate of deposits, and individual retirement accounts; lending for personal needs, equipment financing, small business administration, letter of credit, and mortgages, among others; card products such as debit and credit cards; and online banking. The company also offers financial planning, investment management, cash management, and insurance solutions. It caters to individuals, SMEs, sole-proprietors, and non-profit organizations mainly in Central and Northern New Jersey and Hudson Valley, New York. LBI is headquartered in Oak Ridge, New Jersey, the US.
Headquarters
United States of America
Address
250 Oak Ridge Rd, New Jersey, 07438
Telephone
1 973 6972000
No of Employees
871
Industry
Financial Services
Ticker Symbol & Exchange
LBAI (NASD)
Revenue (2022)
$516.2M
30.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-21.1%
(2022 vs 2021)
Market Cap*
$836.6M
Net Profit Margin (2022)
XYZ
-39.5%
(2022 vs 2021)
* As of and is in US$
Lakeland Bancorp Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts and Deposits: | Online Bill Payment | Lakeland |
| Checking Accounts | Mobile Banking | |
| Savings and Money Market Accounts | eAlerts | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Regulatory Approval | In April, the company secured approval from the Board of Governors of the Federal Reserve System to merge with Provident Financial Services Inc. |
| 2023 | Others | In December, the company extended its merger agreement with Provident Financial Services, Inc. |
| 2022 | Corporate Awards | In November, the company was named as one of the Best Banks to Work for in 2022 by American Banker. |
Competitor Comparison
| Key Parameters | Lakeland Bancorp Inc | Provident Financial Services Inc | OceanFirst Financial Corp | ConnectOne Bancorp, Inc. | Kearny Financial Corp. |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Oak Ridge | Jersey City | Toms River | Englewd Clfs | Fairfield |
| State/Province | New Jersey | New Jersey | New Jersey | New Jersey | New Jersey |
| No. of Employees | 871 | 1,109 | 857 | 487 | 556 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Thomas J. Shara | Director; Chief Executive Officer; President | Executive Board | 2008 | - |
| Thomas F. Splaine, Jr. | Chief Financial Officer; Executive Vice President | Senior Management | 2016 | - |
| Ronald E. Schwarz | Senior Executive Vice President; Chief Operating Officer | Senior Management | - | - |
| Paul Ho-Sing-Loy | Executive Vice President; Chief Information Officer | Senior Management | 2019 | - |
| Timothy J. Matteson, Esq. | Chief Administrative Officer; Executive Vice President; General Counsel and Corporate Secretary | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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