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Lakeland Bancorp (LBAI) Revenue & Revenue Breakdown

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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

DateRevenueChange
2023-12-31$514.58M51.03%
2022-12-31$340.71M32.47%
2021-12-31$257.20M10.64%
2020-12-31$232.47M5.45%
2019-12-31$220.45M13.83%
2018-12-31$193.67M2.68%
2017-12-31$188.62M14.04%
2016-12-31$165.40M22.91%
2015-12-31$134.57M2.50%
2014-12-31$131.29M5.62%
2013-12-31$124.31M8.64%
2012-12-31$114.42M-0.96%
2011-12-31$115.53M-2.93%
2010-12-31$119.02M6.05%
2009-12-31$112.24M5.69%
2008-12-31$106.19M17.53%
2007-12-31$90.36M11.71%
2006-12-31$80.88M-4.56%
2005-12-31$84.75M13.15%
2004-12-31$74.90M17.99%
2003-12-31$63.48M9.35%
2002-12-31$58.05M19.00%
2001-12-31$48.78M10.30%
2000-12-31$44.23M10.25%
1999-12-31$40.11M59.82%
1998-12-31$25.10M764.10%
1997-12-31$2.90M4.94%
1996-12-31$2.77M31.09%
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

DateRevenueChange
2024-03-31$133.67M-1.45%
2023-12-31$135.63M82.48%
2023-09-30$74.32M-4.97%
2023-06-30$78.21M-4.84%
2023-03-31$82.19M-7.30%
2022-12-31$88.66M1.31%
2022-09-30$87.52M0.18%
2022-06-30$87.36M13.21%
2022-03-31$77.17M18.92%
2021-12-31$64.89M0.13%
2021-09-30$64.81M-0.31%
2021-06-30$65.01M5.05%
2021-03-31$61.88M0.81%
2020-12-31$61.39M5.31%
2020-09-30$58.29M5.10%
2020-06-30$55.46M-3.24%
2020-03-31$57.32M0.69%
2019-12-31$56.93M3.89%
2019-09-30$54.79M-0.38%
2019-06-30$55.00M2.38%
2019-03-31$53.73M9.06%
2018-12-31$49.26M1.14%
2018-09-30$48.71M0.13%
2018-06-30$48.64M3.37%
2018-03-31$47.06M-1.15%
2017-12-31$47.61M1.24%
2017-09-30$47.02M0.02%
2017-06-30$47.02M0.08%
2017-03-31$46.98M9.48%
2016-12-31$42.91M-3.61%
2016-09-30$44.52M12.40%
2016-06-30$39.60M3.21%
2016-03-31$38.37M14.54%
2015-12-31$33.50M-2.02%
2015-09-30$34.19M1.68%
2015-06-30$33.63M1.12%
2015-03-31$33.26M-0.19%
2014-12-31$33.32M0.17%
2014-09-30$33.26M1.44%
2014-06-30$32.79M2.73%
2014-03-31$31.92M-4.57%
2013-12-31$33.45M4.09%
2013-09-30$32.13M8.04%
2013-06-30$29.74M2.60%
2013-03-31$28.99M-2.07%
2012-12-31$29.60M4.62%
2012-09-30$28.30M-0.79%
2012-06-30$28.52M1.84%
2012-03-31$28.00M-0.48%
2011-12-31$28.14M-4.44%
2011-09-30$29.45M1.08%
2011-06-30$29.13M1.10%
2011-03-31$28.81M-3.61%
2010-12-31$29.89M-3.82%
2010-09-30$31.08M5.42%
2010-06-30$29.48M2.74%
2010-03-31$28.70M-12.62%
2009-12-31$32.84M23.58%
2009-09-30$26.58M0.28%
2009-06-30$26.50M-4.89%
2009-03-31$27.86M3.92%
2008-12-31$26.81M-1.99%
2008-09-30$27.36M1.60%
2008-06-30$26.93M7.30%
2008-03-31$25.09M7.24%
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/ServiceDec 22Dec 21Dec 20Dec 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/ServiceMar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 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

TickerCompanyLast Year RevenueLast Quarter Revenue
BYByline Bancorp$534.34M$146.44M
PEBOPeoples Bancorp$526.82M$158.41M
CFBCrossFirst Bankshares$455.32M$134.39M
FMBHFirst Mid Bancshares$386.95M$44.35M
PGCPeapack-Gladstone Financial$377.41M$56.62K
CNOBConnectOne Bancorp$373.75M$134.98M
HFWAHeritage Financial$303.13M$81.65M
NFBKNorthfield Bancorp, Inc. (Staten Island, NY)$220.69M$62.90M
FRSTPrimis Financial$215.37M$66.04M
HBCPHome Bancorp$178.87M$51.02M
FNWBFirst Northwest Bancorp$104.92M$28.21M
FNWDFinward Bancorp$96.53M$22.47M
FINWFinWise Bancorp$86.21M$25.08M
FFNWFirst Financial Northwest$80.93M$20.09M
EFSCEnterprise Financial Services$68.72M$21.42M
CWBCCommunity West Bancshares$61.39M$27.26M
GSBCGreat Southern Bancorp$46.29M$91.36M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M
FCCOFirst Community$10.42M$26.72M

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.