Lakeland Bancorp (LBAI) Revenue & Revenue Breakdown
Lakeland Bancorp Revenue Highlights
Latest Revenue (Y)
$514.58M
Latest Revenue (Q)
$133.67M
Main Segment (Y)
Products And Services, Deposit Related Fees And Charges
Lakeland Bancorp Revenue by Period
Lakeland Bancorp Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $514.58M | 51.03% |
| 2022-12-31 | $340.71M | 32.47% |
| 2021-12-31 | $257.20M | 10.64% |
| 2020-12-31 | $232.47M | 5.45% |
| 2019-12-31 | $220.45M | 13.83% |
| 2018-12-31 | $193.67M | 2.68% |
| 2017-12-31 | $188.62M | 14.04% |
| 2016-12-31 | $165.40M | 22.91% |
| 2015-12-31 | $134.57M | 2.50% |
| 2014-12-31 | $131.29M | 5.62% |
| 2013-12-31 | $124.31M | 8.64% |
| 2012-12-31 | $114.42M | -0.96% |
| 2011-12-31 | $115.53M | -2.93% |
| 2010-12-31 | $119.02M | 6.05% |
| 2009-12-31 | $112.24M | 5.69% |
| 2008-12-31 | $106.19M | 17.53% |
| 2007-12-31 | $90.36M | 11.71% |
| 2006-12-31 | $80.88M | -4.56% |
| 2005-12-31 | $84.75M | 13.15% |
| 2004-12-31 | $74.90M | 17.99% |
| 2003-12-31 | $63.48M | 9.35% |
| 2002-12-31 | $58.05M | 19.00% |
| 2001-12-31 | $48.78M | 10.30% |
| 2000-12-31 | $44.23M | 10.25% |
| 1999-12-31 | $40.11M | 59.82% |
| 1998-12-31 | $25.10M | 764.10% |
| 1997-12-31 | $2.90M | 4.94% |
| 1996-12-31 | $2.77M | 31.09% |
| 1995-12-31 | $2.11M | - |
Lakeland Bancorp generated $514.58M in revenue during NA 2023, up 51.03% compared to the previous quarter, and up 265.69% compared to the same period a year ago.
Lakeland Bancorp Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $133.67M | -1.45% |
| 2023-12-31 | $135.63M | 82.48% |
| 2023-09-30 | $74.32M | -4.97% |
| 2023-06-30 | $78.21M | -4.84% |
| 2023-03-31 | $82.19M | -7.30% |
| 2022-12-31 | $88.66M | 1.31% |
| 2022-09-30 | $87.52M | 0.18% |
| 2022-06-30 | $87.36M | 13.21% |
| 2022-03-31 | $77.17M | 18.92% |
| 2021-12-31 | $64.89M | 0.13% |
| 2021-09-30 | $64.81M | -0.31% |
| 2021-06-30 | $65.01M | 5.05% |
| 2021-03-31 | $61.88M | 0.81% |
| 2020-12-31 | $61.39M | 5.31% |
| 2020-09-30 | $58.29M | 5.10% |
| 2020-06-30 | $55.46M | -3.24% |
| 2020-03-31 | $57.32M | 0.69% |
| 2019-12-31 | $56.93M | 3.89% |
| 2019-09-30 | $54.79M | -0.38% |
| 2019-06-30 | $55.00M | 2.38% |
| 2019-03-31 | $53.73M | 9.06% |
| 2018-12-31 | $49.26M | 1.14% |
| 2018-09-30 | $48.71M | 0.13% |
| 2018-06-30 | $48.64M | 3.37% |
| 2018-03-31 | $47.06M | -1.15% |
| 2017-12-31 | $47.61M | 1.24% |
| 2017-09-30 | $47.02M | 0.02% |
| 2017-06-30 | $47.02M | 0.08% |
| 2017-03-31 | $46.98M | 9.48% |
| 2016-12-31 | $42.91M | -3.61% |
| 2016-09-30 | $44.52M | 12.40% |
| 2016-06-30 | $39.60M | 3.21% |
| 2016-03-31 | $38.37M | 14.54% |
| 2015-12-31 | $33.50M | -2.02% |
| 2015-09-30 | $34.19M | 1.68% |
| 2015-06-30 | $33.63M | 1.12% |
| 2015-03-31 | $33.26M | -0.19% |
| 2014-12-31 | $33.32M | 0.17% |
| 2014-09-30 | $33.26M | 1.44% |
| 2014-06-30 | $32.79M | 2.73% |
| 2014-03-31 | $31.92M | -4.57% |
| 2013-12-31 | $33.45M | 4.09% |
| 2013-09-30 | $32.13M | 8.04% |
| 2013-06-30 | $29.74M | 2.60% |
| 2013-03-31 | $28.99M | -2.07% |
| 2012-12-31 | $29.60M | 4.62% |
| 2012-09-30 | $28.30M | -0.79% |
| 2012-06-30 | $28.52M | 1.84% |
| 2012-03-31 | $28.00M | -0.48% |
| 2011-12-31 | $28.14M | -4.44% |
| 2011-09-30 | $29.45M | 1.08% |
| 2011-06-30 | $29.13M | 1.10% |
| 2011-03-31 | $28.81M | -3.61% |
| 2010-12-31 | $29.89M | -3.82% |
| 2010-09-30 | $31.08M | 5.42% |
| 2010-06-30 | $29.48M | 2.74% |
| 2010-03-31 | $28.70M | -12.62% |
| 2009-12-31 | $32.84M | 23.58% |
| 2009-09-30 | $26.58M | 0.28% |
| 2009-06-30 | $26.50M | -4.89% |
| 2009-03-31 | $27.86M | 3.92% |
| 2008-12-31 | $26.81M | -1.99% |
| 2008-09-30 | $27.36M | 1.60% |
| 2008-06-30 | $26.93M | 7.30% |
| 2008-03-31 | $25.09M | 7.24% |
| 2007-12-31 | $23.40M | - |
Lakeland Bancorp generated $133.67M in revenue during Q1 2024, up -1.45% compared to the previous quarter, and up 150.76% compared to the same period a year ago.
Lakeland Bancorp Revenue Breakdown
Lakeland Bancorp Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|
| Products And Services, Loan Fees | $2.84M | $1.86M | $1.23M | $1.51M |
| Commissions And Fees | $9.09M | $7.02M | $5.92M | $6.22M |
| Customer Swap Transactions | $1.58M | - | - | - |
| Products And Services, ATM Service Charges | $796.00K | $660.00K | $522.00K | $826.00K |
| Products And Services, Commissions From Sales Of Checks | $350.00K | $301.00K | $292.00K | $407.00K |
| Products And Services, Safe Deposit Income | $360.00K | $320.00K | $345.00K | $364.00K |
| Products And Services, Overdraft Charges | $3.17M | $2.48M | $2.58M | $4.05M |
| Products And Services, Investment Services Income | $2.26M | $1.84M | $1.63M | $1.65M |
| Products And Services, Deposit Related Fees And Charges | $10.98M | $9.86M | $9.15M | $11.21M |
| Products And Services, Demand Deposit Fees And Charges | $255.00K | $446.00K | $540.00K | $501.00K |
| Products And Services, Debit Card Interchange Income | $6.69M | $6.21M | $5.43M | $5.72M |
| Products And Services, Merchant Fees | $1.16M | $984.00K | $833.00K | $813.00K |
| Products And Services, Other Income | $176.00K | $189.00K | $181.00K | $250.00K |
| Products And Services, Savings Service Charges | $81.00K | $61.00K | $73.00K | $107.00K |
| Products And Services, Wire Transfer Charges | $1.94M | $1.53M | $1.41M | $1.22M |
Lakeland Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 22: Products And Services, Deposit Related Fees And Charges (26.33%), Commissions And Fees (21.78%), Products And Services, Debit Card Interchange Income (16.03%), Products And Services, Overdraft Charges (7.59%), Products And Services, Loan Fees (6.80%), Products And Services, Investment Services Income (5.41%), Products And Services, Wire Transfer Charges (4.66%), Customer Swap Transactions (3.78%), Products And Services, Merchant Fees (2.79%), Products And Services, ATM Service Charges (1.91%), Products And Services, Safe Deposit Income (0.86%), Products And Services, Commissions From Sales Of Checks (0.84%), Products And Services, Demand Deposit Fees And Charges (0.61%), Products And Services, Other Income (0.42%), and Products And Services, Savings Service Charges (0.19%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Commissions And Fees | $1.68M | $1.72M | $1.86M | $1.92M | $2.23M | $2.21M | $2.55M | $2.10M | $1.98M | $1.60M | $1.79M | $1.65M | $1.40M | $1.67M | $1.22M | $1.64M | $1.55M | $1.54M | $1.72M | - |
| Products And Services, ATM Service Charges | $170.00K | $205.00K | $197.00K | $178.00K | $197.00K | $220.00K | $208.00K | $171.00K | $163.00K | $182.00K | $172.00K | $143.00K | $155.00K | $138.00K | $62.00K | $167.00K | $200.00K | $226.00K | $216.00K | - |
| Products And Services, Commissions From Sales Of Checks | $90.00K | $89.00K | $91.00K | $88.00K | $87.00K | $88.00K | $91.00K | $84.00K | $75.00K | $73.00K | $75.00K | $78.00K | $76.00K | $73.00K | $60.00K | $83.00K | $108.00K | $85.00K | $111.00K | - |
| Products And Services, Debit Card Interchange Income | $672.00K | $744.00K | $1.72M | $1.61M | $1.69M | $1.69M | $1.74M | $1.57M | $1.61M | $1.58M | $1.61M | $1.41M | $1.52M | $1.47M | $1.22M | $1.22M | $1.66M | $1.43M | $1.41M | - |
| Products And Services, Other Income | $26.00K | $30.00K | $26.00K | $31.00K | $47.00K | $42.00K | $50.00K | $37.00K | $46.00K | $54.00K | $42.00K | $47.00K | $43.00K | $51.00K | $36.00K | $51.00K | $63.00K | $66.00K | $60.00K | - |
| Products And Services, Merchant Fees | $303.00K | $303.00K | $304.00K | $291.00K | $310.00K | $300.00K | $302.00K | $251.00K | $255.00K | $270.00K | $258.00K | $201.00K | $235.00K | $184.00K | $166.00K | $248.00K | $227.00K | $202.00K | $200.00K | - |
| Products And Services, Investment Services Income | $289.00K | $200.00K | $282.00K | $429.00K | $695.00K | $457.00K | $700.00K | $405.00K | $627.00K | $373.00K | $474.00K | $363.00K | $399.00K | $392.00K | $316.00K | $523.00K | $398.00K | $474.00K | $427.00K | - |
| Products And Services, Deposit Related Fees And Charges | $1.96M | $2.00M | $2.84M | $2.79M | $2.84M | $2.81M | $2.71M | $2.63M | $2.58M | $2.54M | $2.44M | $2.30M | $2.48M | $2.29M | $1.88M | $2.50M | $3.03M | $2.85M | $2.75M | - |
| Products And Services, Wire Transfer Charges | $440.00K | $480.00K | $474.00K | $432.00K | $460.00K | $502.00K | $525.00K | $457.00K | $407.00K | $376.00K | $375.00K | $375.00K | $391.00K | $372.00K | $341.00K | $308.00K | $335.00K | $316.00K | $305.00K | - |
| Products And Services, Overdraft Charges | $900.00K | $875.00K | $761.00K | $840.00K | $840.00K | $802.00K | $756.00K | $769.00K | $691.00K | $647.00K | $551.00K | $587.00K | $647.00K | $533.00K | $449.00K | $953.00K | $1.03M | $1.05M | $981.00K | - |
| Products And Services, Safe Deposit Income | $105.00K | $108.00K | $103.00K | $103.00K | $102.00K | $105.00K | $99.00K | $54.00K | $80.00K | $82.00K | $79.00K | $79.00K | $89.00K | $85.00K | $85.00K | $86.00K | $89.00K | $94.00K | $90.00K | - |
| Products And Services, Demand Deposit Fees And Charges | $192.00K | $150.00K | $140.00K | $139.00K | $89.00K | $79.00K | $-7.00K | $94.00K | $98.00K | $107.00K | $100.00K | $141.00K | $146.00K | $129.00K | $131.00K | $134.00K | $112.00K | $124.00K | $122.00K | - |
| Products And Services, Savings Service Charges | $25.00K | $22.00K | $23.00K | $22.00K | $23.00K | $21.00K | $17.00K | $20.00K | $17.00K | $15.00K | $14.00K | $15.00K | $16.00K | $16.00K | $18.00K | $23.00K | $26.00K | $25.00K | $24.00K | - |
| Products And Services, Loan Fees | $431.00K | $513.00K | $577.00K | $547.00K | $534.00K | $712.00K | $781.00K | $809.00K | $491.00K | $376.00K | $484.00K | $507.00K | $164.00K | $510.00K | $213.00K | $340.00K | $328.00K | $303.00K | $531.00K | - |
| Wire Transfer Charges | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $248.00K |
| Sale of Loans | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $246.00K |
| Savings Service Charges | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $36.00K |
| Title Insurance Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $49.00K |
| Customer Swap Transactions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $332.00K |
| Commissions and Fees | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.27M |
| Commissions From Sales of Checks | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $108.00K |
| ATM Service Charges | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $190.00K |
| Debit Card Interchange Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.12M |
| Demand Deposit Fees and Charges | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $158.00K |
| Deposit Related Fees and Charges | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.61M |
| Investment Service Charges | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $228.00K |
| Loan and Lease Fees | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $322.00K |
| Merchant Fees | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $216.00K |
| Overdraft Charges | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.11M |
| Products and Services, Other Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $63.00K |
| Products and Services, Other | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $97.00K |
| Safe Deposit Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $84.00K |
Lakeland Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Products And Services, Deposit Related Fees And Charges (26.89%), Commissions And Fees (23.11%), Products And Services, Overdraft Charges (12.35%), Products And Services, Debit Card Interchange Income (9.22%), Products And Services, Wire Transfer Charges (6.04%), Products And Services, Loan Fees (5.92%), Products And Services, Merchant Fees (4.16%), Products And Services, Investment Services Income (3.97%), Products And Services, Demand Deposit Fees And Charges (2.64%), Products And Services, ATM Service Charges (2.33%), Products And Services, Safe Deposit Income (1.44%), Products And Services, Commissions From Sales Of Checks (1.24%), Products And Services, Other Income (0.36%), and Products And Services, Savings Service Charges (0.34%).
Lakeland Bancorp Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| BY | Byline Bancorp | $534.34M | $146.44M |
| PEBO | Peoples Bancorp | $526.82M | $158.41M |
| LBAI | Lakeland Bancorp | $514.58M | $133.67M |
| CFB | CrossFirst Bankshares | $455.32M | $134.39M |
| FMBH | First Mid Bancshares | $386.95M | $111.11M |
| PGC | Peapack-Gladstone Financial | $377.41M | $100.88M |
| CNOB | ConnectOne Bancorp | $373.75M | $134.41M |
| HFWA | Heritage Financial | $303.13M | $81.83M |
| NFBK | Northfield Bancorp, Inc. (Staten Island, NY) | $220.69M | $63.08M |
| FRST | Primis Financial | $215.37M | $66.04M |
| LBC | Luther Burbank | $178.91M | $20.59M |
| HBCP | Home Bancorp | $178.87M | $51.02M |
| FNWB | First Northwest Bancorp | $104.92M | $28.10M |
| FNWD | Finward Bancorp | $96.53M | $24.70M |
| FINW | FinWise Bancorp | $86.21M | $23.46M |
| FFNW | First Financial Northwest | $80.93M | $20.02M |
| EFSC | Enterprise Financial Services | $68.72M | $21.42M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| GSBC | Great Southern Bancorp | $46.29M | $84.15M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $33.45M | $8.40M |
| FCCO | First Community | $10.42M | $25.48M |
LBAI Revenue FAQ
What is Lakeland Bancorp’s yearly revenue?
Lakeland Bancorp's yearly revenue for 2023 was $514.58M, representing an increase of 51.03% compared to 2022. The company's yearly revenue for 2022 was $340.71M, representing an increase of 32.47% compared to 2021. LBAI's yearly revenue for 2021 was $257.2M, representing an increase of 10.64% compared to 2020.
What is Lakeland Bancorp’s quarterly revenue?
Lakeland Bancorp's quarterly revenue for Q1 2024 was $133.67M, a -1.45% decrease from the previous quarter (Q4 2023), and a 62.63% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $135.63M, a 82.48% increase from the previous quarter (Q3 2023), and a 52.97% increase year-over-year (Q4 2022). LBAI's quarterly revenue for Q3 2023 was $74.32M, a -4.97% decrease from the previous quarter (Q2 2023), and a -15.08% decrease year-over-year (Q3 2022).
What is Lakeland Bancorp’s revenue growth rate?
Lakeland Bancorp's revenue growth rate for the last 3 years (2021-2023) was 100.07%, and for the last 5 years (2019-2023) was 133.42%.
What are Lakeland Bancorp’s revenue streams?
Lakeland Bancorp's revenue streams in c 22 are Products And Services, Loan Fees, Commissions And Fees, Customer Swap Transactions, Products And Services, ATM Service Charges, Products And Services, Commissions From Sales Of Checks, Products And Services, Safe Deposit Income, Products And Services, Overdraft Charges, Products And Services, Investment Services Income, Products And Services, Deposit Related Fees And Charges, Products And Services, Demand Deposit Fees And Charges, Products And Services, Debit Card Interchange Income, Products And Services, Merchant Fees, Products And Services, Other Income, Products And Services, Savings Service Charges, and Products And Services, Wire Transfer Charges. Products And Services, Loan Fees generated $2.84M in revenue, accounting 6.80% of the company's total revenue, up 52.64% year-over-year. Commissions And Fees generated $9.09M in revenue, accounting 21.78% of the company's total revenue, up 29.39% year-over-year. Customer Swap Transactions generated $1.58M in revenue, accounting 3.78% of the company's total revenue Products And Services, ATM Service Charges generated $796K in revenue, accounting 1.91% of the company's total revenue, up 20.61% year-over-year. Products And Services, Commissions From Sales Of Checks generated $350K in revenue, accounting 0.84% of the company's total revenue, up 16.28% year-over-year. Products And Services, Safe Deposit Income generated $360K in revenue, accounting 0.86% of the company's total revenue, up 12.50% year-over-year. Products And Services, Overdraft Charges generated $3.17M in revenue, accounting 7.59% of the company's total revenue, up 27.91% year-over-year. Products And Services, Investment Services Income generated $2.26M in revenue, accounting 5.41% of the company's total revenue, up 22.86% year-over-year. Products And Services, Deposit Related Fees And Charges generated $10.98M in revenue, accounting 26.33% of the company's total revenue, up 11.45% year-over-year. Products And Services, Demand Deposit Fees And Charges generated $255K in revenue, accounting 0.61% of the company's total revenue, down -42.83% year-over-year. Products And Services, Debit Card Interchange Income generated $6.69M in revenue, accounting 16.03% of the company's total revenue, up 7.61% year-over-year. Products And Services, Merchant Fees generated $1.16M in revenue, accounting 2.79% of the company's total revenue, up 18.19% year-over-year. Products And Services, Other Income generated $176K in revenue, accounting 0.42% of the company's total revenue, down -6.88% year-over-year. Products And Services, Savings Service Charges generated $81K in revenue, accounting 0.19% of the company's total revenue, up 32.79% year-over-year. Products And Services, Wire Transfer Charges generated $1.94M in revenue, accounting 4.66% of the company's total revenue, up 26.81% year-over-year.
What is Lakeland Bancorp’s main source of revenue?
For the fiscal year ending Dec 22, the largest source of revenue of Lakeland Bancorp was Products And Services, Deposit Related Fees And Charges. This segment made a revenue of $10.98M, representing 26.33% of the company's total revenue.