Lakeland Bancorp, Inc.

Report azionario NasdaqGS:LBAI

Capitalizzazione di mercato: US$875.0m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Lakeland Bancorp Gestione

Criteri Gestione verificati 4/4

Lakeland Bancorp Il CEO è Tom Shara, nominato in Apr2008, e ha un mandato di 16.08 anni. la retribuzione annua totale è $ 2.68M, composta da 35.2% di stipendio e 64.8% di bonus, comprese azioni e opzioni aziendali. possiede direttamente 0.72% delle azioni della società, per un valore di $ 6.27M. La durata media del mandato del team dirigenziale e del consiglio di amministrazione è rispettivamente 7.3 anni e 18.3 anni.

Informazioni chiave

Tom Shara

Amministratore delegato

US$2.7m

Compenso totale

Percentuale dello stipendio del CEO35.18%
Mandato del CEO16.1yrs
Proprietà del CEO0.7%
Durata media del management7.3yrs
Durata media del Consiglio di amministrazione18.3yrs

Aggiornamenti recenti sulla gestione

Articolo di analisi • May 13

Shareholders Will Probably Hold Off On Increasing Lakeland Bancorp, Inc.'s (NASDAQ:LBAI) CEO Compensation For The Time Being

As many shareholders of Lakeland Bancorp, Inc. ( NASDAQ:LBAI ) will be aware, they have not made a gain on their...

Recent updates

Articolo di analisi • Oct 29

Lakeland Bancorp's (NASDAQ:LBAI) Dividend Will Be $0.145

Lakeland Bancorp, Inc. ( NASDAQ:LBAI ) will pay a dividend of $0.145 on the 16th of November. This makes the dividend...
Articolo di analisi • Jul 30

Lakeland Bancorp (NASDAQ:LBAI) Has Affirmed Its Dividend Of $0.145

Lakeland Bancorp, Inc. ( NASDAQ:LBAI ) will pay a dividend of $0.145 on the 16th of August. This means that the annual...
Articolo di analisi • Jul 13

Here's Why We Think Lakeland Bancorp (NASDAQ:LBAI) Is Well Worth Watching

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Articolo di analisi • May 01

Lakeland Bancorp's (NASDAQ:LBAI) Dividend Will Be $0.145

The board of Lakeland Bancorp, Inc. ( NASDAQ:LBAI ) has announced that it will pay a dividend on the 17th of May, with...
Seeking Alpha • Sep 27

Provident Financial Services, Lakeland Bancorp to merge

Provident Financial Services (NYSE:PFS) and Lakeland Bancorp (NASDAQ:LBAI) have agreed to combine in an all-stock merger, valued at ~$1.3B. Lakeland shareholders will receive 0.8319 shares of Provident for each common stock. Provident shareholders will own 58% and Lakeland shareholders will own 42% of the combined company post the completion of the transaction. The boards of both the companies have unanimously approved the transaction, but the transaction is pending shareholders approval. The merger is expected to close in Q2 2023. Provident will be the surviving corporation as part of the merger. The merger will see the banking platforms of each of the companies, Provident Bank and Lakeland Bank, combine to create New Jersey's preeminent super-community bank with more than $25B in assets and $20B in total deposits. The transaction is said to fortify Provident and Lakeland's positions as leading players in the tri-state commercial real estate market, Provident's two ancillary fee-based business lines in insurance and wealth management and Lakeland's growing asset-based lending and equipment lease financing provide opportunities for additional growth and relationship expansion. The combined entity is expected to generate 2024 GAAP EPS of ~24% or ~9% with and without purchase accounting interest rate marks, respectively. The transaction is expected to result in an internal rate of return of ~20%. The combined company's board will have 16 directors in total, consisting of nine directors from Provident and seven directors from Lakeland. Lakeland CEO Thomas Shara will serve as executive vice chairman. A Provident board representative will serve as the independent lead director of the combined company's board. PFS shares were trading -0.69% pre-market. Source: Press Release
Seeking Alpha • Sep 02

Lakeland Bancorp: Strong Loan Growth To Drive Earnings

Summary Loan growth will depend on New Jersey and New York’s economic factors. Further, M&A disruption will provide a good opportunity for loan growth. Provisioning will likely be elevated in the next few quarters due to the high-inflation environment. Moreover, the existing allowance level is not high enough. The December 2022 target price suggests a high upside from the current market price. Further, Lakeland Bancorp is offering a decent dividend yield. Strong loan growth will support Lakeland Bancorp's (LBAI) earnings through the end of 2023. The loan portfolio is set to surge on the back of management's efforts and regional economic factors. On the other hand, above-average provisioning will likely drag the bottom line. Meanwhile, the margin will likely be little changed over the next year and a half. Overall, I am expecting Lakeland Bancorp to report earnings of $1.63 per share in 2022, down 12% year-over-year. For 2023, I'm expecting earnings to grow by 19% to $1.94 per share. The year-end target price suggests a sizable upside from the current market price. Therefore, I'm adopting a buy rating on Lakeland Bancorp. Internal And External Factors To Lift The Loan Portfolio Lakeland Bancorp's loan book grew by a remarkable 3.8% in the second quarter of 2022, or 15.2% annualized. Including the first quarter's acquisition of 1st Constitution Bancorp, the loan portfolio has grown by a sizable 24% in the first half of the year. The management is expecting loan growth to remain in the high-single-digit range in the remainder of this year, as mentioned in the latest conference call. The management seemed particularly optimistic about the performance of its healthcare lending team and the Hudson Valley lending teams during the conference call. Further, the management mentioned that recent M&A activity in Lakeland Bancorp’s region is helping them develop new relationships. If the company is successful in gaining new accounts then it could boost loan growth in the coming quarters. Regional economic factors can also drive loan growth in the coming quarters. Lakeland Bancorp operates in New Jersey and the Hudson Valley of New York. Both New Jersey and New York (excluding New York City) currently have very low unemployment rates, which bodes well for loan growth, especially consumer loans. New Jersey Unemployment Rate data by YCharts Further, the coincident indices for both states show that economic activity has recovered well and is currently at a satisfactory level. Philly Fed New Jersey Coincident Index data by YCharts Considering these factors, I'm expecting loan growth to remain in the high-single-digit range through the end of 2023, on an annualized basis. I'm expecting the loan portfolio to grow by 8% annualized every quarter till the end of next year. Margin To Be Barely Affected By The Surge In Interest Rates Lakeland Bancorp's deposit book is quite rate-sensitive because of the abundance of interest-bearing, non-maturing deposits. These deposits re-price frequently, hence they will enable the rising-rate environment to quickly raise the average deposit cost. These deposits, namely interest-bearing checking, money market, and savings accounts, altogether made up 63.6% of total deposits. The management's interest-rate sensitivity analysis also shows that liability re-pricing is likely to outweigh asset re-pricing in the twelve months following a rate hike. According to the results of the analysis given in the 10-Q filing, a 200-basis points hike in interest rate could DECREASE the net interest income by 1% over twelve months. Considering the liability sensitivity and the anticipated loan growth discussed above, I'm expecting the margin to remain almost stable through the end of 2023 from the second quarter’s level. Higher Provisioning To Drag Earnings This Year Lakeland Bancorp’s allowances were 310.62% of nonaccrual loans at the end of June 2022, down from 341.83% at the end of December 2021. The current allowance coverage does not appear large enough for the high-inflation environment and the resultant financial stress for borrowers. As a result, I'm expecting provisioning to remain elevated in the next few quarters. The threats of a recession will also encourage Lakeland Bancorp’s management to build up its reserves. Overall, I'm expecting provisioning to continue at the second quarter’s above-average level through the end of 2023. I'm expecting the net provision expense to make up 0.17% (annualized) of total loans in every quarter till the end of 2023. In comparison, the net provision expense averaged 0.10% from 2017 to 2019. The above-average provisioning will likely be one of the biggest contributors to an earnings decline this year. On the other hand, anticipated loan growth will likely support earnings till the end of 2023. Meanwhile, the margin will likely remain stable and have little effect on the bottom line. Overall, I'm expecting Lakeland Bancorp to report earnings of $1.63 per share for 2022, down 12% year-over-year. My earnings estimate includes the one-time merger-related expenses attributed to the acquisition of 1st Constitution Bancorp. For 2023, I'm expecting earnings to jump by 19% to $1.94 per share. The following table shows my income statement estimates. FY18 FY19 FY20 FY21 FY22E FY23E Income Statement Net interest income 174 196 208 235 317 350 Provision for loan losses 4 2 27 (11) 17 14 Non-interest income 22 27 27 22 28 30 Non-interest expense 111 127 133 141 186 196 Net income - Common Sh. 63 71 57 94 106 126 EPS - Diluted ($) 1.32 1.38 1.13 1.85 1.63 1.94 Source: SEC Filings, Earnings Releases, Author's Estimates (In USD million unless otherwise specified) Actual earnings may differ materially from estimates because of the risks and uncertainties related to inflation, and consequently the timing and magnitude of interest rate hikes. Further, a stronger or longer-than-anticipated recession can increase the provisioning for expected loan losses beyond my estimates. Rising Rate Environment Has Eroded Equity Book Value Lakeland Bancorp's tangible book value per share dropped from $13.21 at the end of December 2021 to $12.47 at the end of June 2022. Part of the decline was attributable to the acquisition of 1st Constitution Bancorp. A buildup of unrealized losses on the large available-for-sale securities portfolio was also responsible for the dip in tangible equity book value. As interest rates increased in the market, the market value of the available-for-sale securities declined. These mark-to-market losses skipped the income statement and flowed directly into the equity account. Further pressure on the equity book value is likely in the second half of 2022 because of the 75 basis points Fed Funds rate hike in July. I'm also expecting a further 75 basis point rate hike in the remainder of the year. The following table shows my balance sheet estimates. FY18 FY19 FY20 FY21 FY22E FY23E Financial Position Net Loans 4,419 5,098 5,950 5,918 7,636 8,266 Growth of Net Loans 7.3% 15.4% 16.7% (0.5)% 29.0% 8.2% Other Earning Assets 825 905 982 1,653 2,219 2,309 Deposits 4,621 5,294 6,456 6,966 8,845 9,574 Borrowings and Sub-Debt 520 613 331 327 686 699 Common equity 624 725 764 827 1,133 1,219 Book Value Per Share ($) 13.0 14.3 15.1 16.3 17.4 18.8 Tangible BVPS ($) 10.1 11.2 11.9 13.1 13.1 14.4 Source: SEC Filings, Author's Estimates (In USD million unless otherwise specified) High Total Expected Return Justifies A Buy Rating Since 2015, Lakeland Bancorp has increased its dividend in the second quarter of every year. Given the earnings outlook, I believe the company will maintain this trend next year and raise its quarterly dividend to $0.155 in the second quarter of 2023. My earnings and dividend estimates suggest a payout reach of 31% for 2023, which is close to the five-year average of 36%.
Articolo di analisi • Aug 02

Lakeland Bancorp (NASDAQ:LBAI) Is Paying Out A Dividend Of $0.145

Lakeland Bancorp, Inc. ( NASDAQ:LBAI ) will pay a dividend of $0.145 on the 17th of August. The dividend yield will be...
Seeking Alpha • Jul 28

Lakeland Bancorp Q2 GAAP EPS, revenue beats

Lakeland Bancorp press release (NASDAQ:LBAI): Q2 GAAP EPS of $0.44 beats by $0.01 (vs. $0.53 in prior-year quarter). Revenue of $87.37M (+34.4% Y/Y) beats by $5.28M.
Seeking Alpha • Jan 29

Lakeland Bancorp: Large NJ Bank With Optionality

Serial acquirer serving Northern, Central NJ and Hudson Valley. Fifth largest independent community bank gives Lakeland scale. Consistent dividends throughout history, allowing shareholders to get paid to wait.
Articolo di analisi • Jan 07

With EPS Growth And More, Lakeland Bancorp (NASDAQ:LBAI) Is Interesting

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Articolo di analisi • Sep 28

I Ran A Stock Scan For Earnings Growth And Lakeland Bancorp (NASDAQ:LBAI) Passed With Ease

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Articolo di analisi • May 13

Shareholders Will Probably Hold Off On Increasing Lakeland Bancorp, Inc.'s (NASDAQ:LBAI) CEO Compensation For The Time Being

As many shareholders of Lakeland Bancorp, Inc. ( NASDAQ:LBAI ) will be aware, they have not made a gain on their...
Articolo di analisi • Mar 01

Why Lakeland Bancorp, Inc. (NASDAQ:LBAI) Should Be In Your Dividend Portfolio

Today we'll take a closer look at Lakeland Bancorp, Inc. ( NASDAQ:LBAI ) from a dividend investor's perspective. Owning...
Articolo di analisi • Jan 25

What Type Of Returns Would Lakeland Bancorp's(NASDAQ:LBAI) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

While not a mind-blowing move, it is good to see that the Lakeland Bancorp, Inc. ( NASDAQ:LBAI ) share price has gained...
Articolo di analisi • Dec 21

Could The Lakeland Bancorp, Inc. (NASDAQ:LBAI) Ownership Structure Tell Us Something Useful?

Every investor in Lakeland Bancorp, Inc. ( NASDAQ:LBAI ) should be aware of the most powerful shareholder groups. Large...
Articolo di analisi • Nov 24

Is Lakeland Bancorp, Inc. (NASDAQ:LBAI) A Smart Pick For Income Investors?

Dividend paying stocks like Lakeland Bancorp, Inc. (NASDAQ:LBAI) tend to be popular with investors, and for good...

Analisi delle retribuzioni degli amministratori delegati

Come è cambiata la remunerazione di Tom Shara rispetto agli utili di Lakeland Bancorp?
DataCompenso totaleStipendioUtili della società
Mar 31 2024n/an/a

US$84m

Dec 31 2023US$3mUS$941k

US$84m

Sep 30 2023n/an/a

US$97m

Jun 30 2023n/an/a

US$104m

Mar 31 2023n/an/a

US$110m

Dec 31 2022US$3mUS$905k

US$106m

Sep 30 2022n/an/a

US$95m

Jun 30 2022n/an/a

US$88m

Mar 31 2022n/an/a

US$87m

Dec 31 2021US$3mUS$870k

US$94m

Sep 30 2021n/an/a

US$91m

Jun 30 2021n/an/a

US$83m

Mar 31 2021n/an/a

US$68m

Dec 31 2020US$2mUS$904k

US$57m

Sep 30 2020n/an/a

US$57m

Jun 30 2020n/an/a

US$61m

Mar 31 2020n/an/a

US$67m

Dec 31 2019US$2mUS$829k

US$70m

Sep 30 2019n/an/a

US$67m

Jun 30 2019n/an/a

US$65m

Mar 31 2019n/an/a

US$63m

Dec 31 2018US$2mUS$797k

US$63m

Sep 30 2018n/an/a

US$60m

Jun 30 2018n/an/a

US$57m

Mar 31 2018n/an/a

US$55m

Dec 31 2017US$2mUS$737k

US$52m

Compensazione vs Mercato: La retribuzione totale di Tom ($USD 2.68M ) è circa la media per le aziende di dimensioni simili nel mercato US ($USD 3.56M ).

Compensazione vs guadagni: La retribuzione di Tom è stata coerente con le performance aziendali dell'ultimo anno.

AMMINISTRATORE DELEGATO

Tom Shara (65 yo)

16.1yrs
Mandato
US$2,675,569
Compensazione

Mr. Thomas J. Shara, Jr., also known as Tom, has been Chief Executive Officer and President of Lakeland Bancorp, Inc. and its subsidiary Lakeland Bank since April 2, 2008. Mr. Shara served as President and...

Gruppo dirigente

NomePosizioneMandatoCompensazioneProprietà
Thomas Shara
President16.1yrsUS$2.68m0.72%
$ 6.3m
Thomas Splaine
Executive VP & CFO7.2yrsUS$982.19k0.081%
$ 706.1k
Ronald Schwarz
Senior EVP & COO7.3yrsUS$1.05m0.15%
$ 1.3m
Timothy Matteson
Executive VP15.7yrsUS$883.50k0.096%
$ 836.8k
James Nigro
Executive VP & Chief Risk Officer8.2yrsUS$885.42k0.087%
$ 760.4k
Sing Loy Ho
Executive VP & Chief Information Officer5.3yrsNessun dato0.020%
$ 175.4k
David Yanagisawa
Executive VP & Senior Loan Officer15.5yrsUS$500.36kNessun dato
Ellen Lalwani
Executive VP & Chief Banking Officer6.3yrsNessun dato0.044%
$ 383.1k
Stephen Novak
Executive VP6.4yrsNessun datoNessun dato
Karen Garrera
Executive VP & Chief Retail Officerno dataNessun datoNessun dato
Thomas Stackhouse
Executive VP & Chief Credit Officerno dataNessun datoNessun dato
John Andreacio
Executive VP & Group Leader2.3yrsNessun datoNessun dato
7.3yrs
Durata media
60yo
Età media

Gestione esperta: Il team dirigenziale di LBAI è esperto e expertise (durata media dell'incarico 7.3 anni).

Membri del Consiglio di amministrazione

NomePosizioneMandatoCompensazioneProprietà
Thomas Shara
President16.1yrsUS$2.68m0.72%
$ 6.3m
Jon Hanson
Chairman of Corporate Advisory Council8.3yrsNessun dato0.14%
$ 1.3m
Mary Deacon
Independent Chairman of the Board29.3yrsUS$207.58k0.51%
$ 4.5m
Mark Fredericks
Independent Director30.3yrsUS$102.97k0.41%
$ 3.6m
John Fredericks
Chairman Emeritusno dataUS$65.50kNessun dato
Robert Nicholson
Independent Director20.4yrsUS$111.67k0.31%
$ 2.8m
Lawrence Inserra
Independent Director8.3yrsUS$105.97k0.12%
$ 1.1m
Brian Flynn
Independent Director13.9yrsUS$108.47k0.071%
$ 620.7k
Janeth Hendershot
Independent Director19.8yrsUS$110.44k0.45%
$ 3.9m
Robert McCracken
Independent Director19.8yrsUS$112.90k0.23%
$ 2.0m
Bruce Bohuny
Independent Director16.8yrsUS$108.34k0.088%
$ 772.6k
Robert Nicholson
Chairman Emeritusno dataNessun datoNessun dato
18.3yrs
Durata media
65.5yo
Età media

Consiglio di amministrazione esperto: Il consiglio di amministrazione di LBAI è composto da personale esperto e esperto (durata media dell'incarico 18.3 anni).

Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2024/05/16 06:10
Prezzo dell'azione a fine giornata2024/05/16 00:00
Utili2024/03/31
Utili annuali2023/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina GitHub; abbiamo anche delle guide su come utilizzare i nostri report e dei tutorial su YouTube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Lakeland Bancorp, Inc. è coperta da 8 analisti. 2 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Jacob CivielloBrean Capital Historical (Janney Montgomery)
null nullD.A. Davidson & Co.
David DarstGuggenheim Securities, LLC