Lakeland Bancorp Past Earnings Performance
Past criteria checks 2/6
Lakeland Bancorp has been growing earnings at an average annual rate of 10.5%, while the Banks industry saw earnings growing at 14.1% annually. Revenues have been growing at an average rate of 10.7% per year. Lakeland Bancorp's return on equity is 7.2%, and it has net margins of 28.9%.
Key information
10.5%
Earnings growth rate
3.7%
EPS growth rate
| Banks Industry Growth | 10.6% |
| Revenue growth rate | 10.7% |
| Return on equity | 7.2% |
| Net Margin | 28.9% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Lakeland Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 290 | 84 | 147 | 0 |
| 31 Dec 23 | 294 | 84 | 150 | 0 |
| 30 Sep 23 | 315 | 97 | 151 | 0 |
| 30 Jun 23 | 328 | 104 | 151 | 0 |
| 31 Mar 23 | 336 | 110 | 150 | 0 |
| 31 Dec 22 | 332 | 106 | 148 | 0 |
| 30 Sep 22 | 305 | 95 | 140 | 0 |
| 30 Jun 22 | 287 | 88 | 133 | 0 |
| 31 Mar 22 | 274 | 87 | 124 | 0 |
| 31 Dec 21 | 268 | 94 | 114 | 0 |
| 30 Sep 21 | 265 | 91 | 112 | 0 |
| 30 Jun 21 | 248 | 83 | 109 | 0 |
| 31 Mar 21 | 224 | 68 | 106 | 0 |
| 31 Dec 20 | 208 | 57 | 105 | 0 |
| 30 Sep 20 | 203 | 57 | 105 | 0 |
| 30 Jun 20 | 207 | 61 | 106 | 0 |
| 31 Mar 20 | 216 | 67 | 108 | 0 |
| 31 Dec 19 | 221 | 70 | 102 | 0 |
| 30 Sep 19 | 214 | 67 | 105 | 0 |
| 30 Jun 19 | 207 | 65 | 102 | 0 |
| 31 Mar 19 | 200 | 63 | 99 | 0 |
| 31 Dec 18 | 191 | 63 | 95 | 0 |
| 30 Sep 18 | 189 | 60 | 93 | 0 |
| 30 Jun 18 | 187 | 57 | 90 | 0 |
| 31 Mar 18 | 185 | 55 | 88 | 0 |
| 31 Dec 17 | 185 | 52 | 87 | 0 |
| 30 Sep 17 | 181 | 51 | 86 | 0 |
| 30 Jun 17 | 177 | 48 | 85 | 0 |
| 31 Mar 17 | 170 | 45 | 83 | 0 |
| 31 Dec 16 | 163 | 41 | 81 | 0 |
| 30 Sep 16 | 154 | 38 | 78 | 0 |
| 30 Jun 16 | 145 | 34 | 75 | 0 |
| 31 Mar 16 | 139 | 32 | 74 | 0 |
| 31 Dec 15 | 134 | 32 | 71 | 0 |
| 30 Sep 15 | 131 | 32 | 71 | 0 |
| 30 Jun 15 | 129 | 32 | 70 | 0 |
| 31 Mar 15 | 127 | 32 | 68 | 0 |
| 31 Dec 14 | 125 | 31 | 67 | 0 |
| 30 Sep 14 | 125 | 30 | 64 | 0 |
| 30 Jun 14 | 124 | 29 | 64 | 0 |
| 31 Mar 14 | 120 | 27 | 63 | 0 |
| 31 Dec 13 | 115 | 25 | 63 | 0 |
| 30 Sep 13 | 110 | 23 | 59 | 0 |
| 30 Jun 13 | 104 | 22 | 57 | 0 |
Quality Earnings: LKL has high quality earnings.
Growing Profit Margin: LKL's current net profit margins (28.9%) are lower than last year (32.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: LKL's earnings have grown by 10.5% per year over the past 5 years.
Accelerating Growth: LKL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LKL had negative earnings growth (-23.7%) over the past year, making it difficult to compare to the Banks industry average (26.5%).
Return on Equity
High ROE: LKL's Return on Equity (7.2%) is considered low.