Lakeland Bancorp Management
Management criteria checks 4/4
Lakeland Bancorp's CEO is Tom Shara, appointed in Apr 2008, has a tenure of 16.08 years. total yearly compensation is $2.68M, comprised of 35.2% salary and 64.8% bonuses, including company stock and options. directly owns 0.72% of the company’s shares, worth $6.27M. The average tenure of the management team and the board of directors is 7.3 years and 18.3 years respectively.
Key information
Tom Shara
Chief executive officer
US$2.7m
Total compensation
| CEO salary percentage | 35.2% |
| CEO tenure | 16.1yrs |
| CEO ownership | 0.7% |
| Management average tenure | 7.3yrs |
| Board average tenure | 18.3yrs |
Recent management updates
Recent updates
Lakeland Bancorp's (NASDAQ:LBAI) Dividend Will Be $0.145
Oct 29
Lakeland Bancorp (NASDAQ:LBAI) Has Affirmed Its Dividend Of $0.145
Jul 30Here's Why We Think Lakeland Bancorp (NASDAQ:LBAI) Is Well Worth Watching
Jul 13Lakeland Bancorp's (NASDAQ:LBAI) Dividend Will Be $0.145
May 01Provident Financial Services, Lakeland Bancorp to merge
Sep 27Lakeland Bancorp: Strong Loan Growth To Drive Earnings
Sep 02Lakeland Bancorp (NASDAQ:LBAI) Is Paying Out A Dividend Of $0.145
Aug 02Lakeland Bancorp Q2 GAAP EPS, revenue beats
Jul 28Lakeland Bancorp: Large NJ Bank With Optionality
Jan 29With EPS Growth And More, Lakeland Bancorp (NASDAQ:LBAI) Is Interesting
Jan 07I Ran A Stock Scan For Earnings Growth And Lakeland Bancorp (NASDAQ:LBAI) Passed With Ease
Sep 28Shareholders Will Probably Hold Off On Increasing Lakeland Bancorp, Inc.'s (NASDAQ:LBAI) CEO Compensation For The Time Being
May 13Lakeland Bancorp increases dividend by ~8%
Apr 27Why Lakeland Bancorp, Inc. (NASDAQ:LBAI) Should Be In Your Dividend Portfolio
Mar 01Lakeland Bancorp goes ex-dividend tomorrow
Feb 04What Type Of Returns Would Lakeland Bancorp's(NASDAQ:LBAI) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Jan 25
Could The Lakeland Bancorp, Inc. (NASDAQ:LBAI) Ownership Structure Tell Us Something Useful?
Dec 21Is Lakeland Bancorp, Inc. (NASDAQ:LBAI) A Smart Pick For Income Investors?
Nov 24Lakeland Bancorp goes ex-dividend on Monday
Oct 30CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$84m |
| Dec 31 2023 | US$3m | US$941k | US$84m |
| Sep 30 2023 | n/a | n/a | US$97m |
| Jun 30 2023 | n/a | n/a | US$104m |
| Mar 31 2023 | n/a | n/a | US$110m |
| Dec 31 2022 | US$3m | US$905k | US$106m |
| Sep 30 2022 | n/a | n/a | US$95m |
| Jun 30 2022 | n/a | n/a | US$88m |
| Mar 31 2022 | n/a | n/a | US$87m |
| Dec 31 2021 | US$3m | US$870k | US$94m |
| Sep 30 2021 | n/a | n/a | US$91m |
| Jun 30 2021 | n/a | n/a | US$83m |
| Mar 31 2021 | n/a | n/a | US$68m |
| Dec 31 2020 | US$2m | US$904k | US$57m |
| Sep 30 2020 | n/a | n/a | US$57m |
| Jun 30 2020 | n/a | n/a | US$61m |
| Mar 31 2020 | n/a | n/a | US$67m |
| Dec 31 2019 | US$2m | US$829k | US$70m |
| Sep 30 2019 | n/a | n/a | US$67m |
| Jun 30 2019 | n/a | n/a | US$65m |
| Mar 31 2019 | n/a | n/a | US$63m |
| Dec 31 2018 | US$2m | US$797k | US$63m |
| Sep 30 2018 | n/a | n/a | US$60m |
| Jun 30 2018 | n/a | n/a | US$57m |
| Mar 31 2018 | n/a | n/a | US$55m |
| Dec 31 2017 | US$2m | US$737k | US$52m |
Compensation vs Market: Tom's total compensation ($USD2.68M) is about average for companies of similar size in the US market ($USD3.39M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
CEO
Tom Shara (65 yo)
16.1yrs
Tenure
US$2,675,569
Compensation
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...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 16.1yrs | US$2.68m | 0.72% $ 6.3m | |
| Executive VP & CFO | 7.2yrs | US$982.19k | 0.081% $ 706.1k | |
| Senior EVP & COO | 7.3yrs | US$1.05m | 0.15% $ 1.3m | |
| Executive VP | 15.7yrs | US$883.50k | 0.096% $ 836.8k | |
| Executive VP & Chief Risk Officer | 8.2yrs | US$885.42k | 0.087% $ 760.4k | |
| Executive VP & Chief Information Officer | 5.3yrs | no data | 0.020% $ 175.4k | |
| Executive VP & Senior Loan Officer | 15.5yrs | US$500.36k | no data | |
| Executive VP & Chief Banking Officer | 6.3yrs | no data | 0.044% $ 383.1k | |
| Executive VP | 6.4yrs | no data | no data | |
| Executive VP & Chief Retail Officer | no data | no data | no data | |
| Executive VP & Chief Credit Officer | no data | no data | no data | |
| Executive VP & Group Leader | 2.3yrs | no data | no data |
7.3yrs
Average Tenure
60yo
Average Age
Experienced Management: LBAI's management team is seasoned and experienced (7.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 16.1yrs | US$2.68m | 0.72% $ 6.3m | |
| Chairman of Corporate Advisory Council | 8.3yrs | no data | 0.14% $ 1.3m | |
| Independent Chairman of the Board | 29.3yrs | US$207.58k | 0.51% $ 4.5m | |
| Independent Director | 30.3yrs | US$102.97k | 0.41% $ 3.6m | |
| Chairman Emeritus | no data | US$65.50k | no data | |
| Independent Director | 20.4yrs | US$111.67k | 0.31% $ 2.8m | |
| Independent Director | 8.3yrs | US$105.97k | 0.12% $ 1.1m | |
| Independent Director | 13.9yrs | US$108.47k | 0.071% $ 620.7k | |
| Independent Director | 19.8yrs | US$110.44k | 0.45% $ 3.9m | |
| Independent Director | 19.8yrs | US$112.90k | 0.23% $ 2.0m | |
| Independent Director | 16.8yrs | US$108.34k | 0.088% $ 772.6k | |
| Chairman Emeritus | no data | no data | no data |
18.3yrs
Average Tenure
65.5yo
Average Age
Experienced Board: LBAI's board of directors are seasoned and experienced ( 18.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/05/16 09:56 |
| End of Day Share Price | 2024/05/16 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Lakeland Bancorp, Inc. is covered by 11 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Anthony Polini | American Capital Partners, LLC |
| Erik Zwick | Boenning & Scattergood, Inc. |
| null null | D.A. Davidson & Co. |