Private company

LAKELAND BANCORP INC

LAKELAND BANCORP INC is an American state commercial bank based in Oak Ridge, incorporated in New Jersey.2

Last updated Oct 20, 2026.

Overview

  • IndustryState Commercial Banks2
  • HeadquartersOak Ridge, United States2
  • Incorporated inNJ3
  • Business address250 Oak Ridge Rd, Oak Ridge, Nj 074383
  • Filer categoryLarge accelerated filer3
  • Legal formCommercial Bank2
  • LEI549300NF90LR9ETZDR732
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address250 Oak Ridge Road, 07438 Oak Ridge, United States2
  • Registered withBusiness Records Service (Division of Revenue & Enterprise Services), 01004058662

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Lakeland Bancorp, Inc. (the “Company” or “Lakeland Bancorp”) is a bank holding company headquartered in Oak Ridge, New Jersey. The Company was organized in March 1989 and commenced operations on May 19, 1989, upon the consummation of the acquisition of all of the outstanding stock of Lakeland Bank, formerly named Lakeland State Bank (“Lakeland,” the “Bank” or “Lakeland Bank”). As of February 15, 2024, Lakeland operates 68 branch offices located throughout northern and central New Jersey and in Highland Mills, New York; six New Jersey regional commercial lending centers strategically located in our market area and one New York commercial lending center to serve the Hudson Valley region. Lakeland offers an extensive suite of financial products and services for businesses and consumers.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

3458.8%Net margin6
-19.7%Revenue growth, 20236
7.2%Return on equity6
$110.5MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Interest65¢$209.4M
  • Income tax8¢$26.1M
  • Profit26¢$84.7M

Out of $2.5M in revenue.6

Where each dollar of operating cash went, fiscal 2023

  • Capital spending4¢$5.1M
  • Dividends paid33¢$38.1M
  • Kept or used elsewhere63¢$72.5M

Out of $115.6M of cash from operations.6

Financial statements

Revenue76$2.5M in 2023−54% since 2020
0$2.0M$4.0M$6.0M2020: $5.3M$5.3M20202021: $1.1M$1.1M2021−78%2022: $3.0M$3.0M2022+166%2023: $2.5M$2.5M2023−20%
Net income891076$84.7M in 2023+61% since 2017
0$50.0M$100.0M$150.0M2017: $52.6M$52.6M20172018: $63.4M$63.4M2018+21%2019: $70.7M$70.7M2019+11%2020: $57.5M$57.5M2020−19%2021: $95.0M$95.0M2021+65%2022: $107.4M$107.4M2022+13%2023: $84.7M$84.7M2023−21%
Fiscal year2017201820192020202120222023
Revenue$5.3M7$1.1M6$3.0M6$2.5M6
Interest$25.0M8$39.6M9$60.5M10$41.2M7$22.5M6$54.9M6$209.4M6
Income before tax$127.3M6$144.0M6$110.8M6
Income tax$27.5M8$16.9M9$23.3M10$17.3M7$32.3M6$36.6M6$26.1M6
Net income$52.6M8$63.4M9$70.7M10$57.5M7$95.0M6$107.4M6$84.7M6
Earnings per share$1.108$1.329$1.3910$1.137$1.856$1.646$1.296
Earnings per share (diluted)$1.098$1.329$1.3810$1.137$1.856$1.636$1.296
Shares (weighted, basic)50.6M shares664.6M shares665.0M shares6
Shares (weighted, diluted)50.9M shares664.9M shares665.2M shares6

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Corporate structure

LAKELAND BANCORP INC sits at the top of its group. 15 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of LAKELAND BANCORP INC

  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on LAKELAND BANCORP INC, latest Oct 31, 2024 (4 filings since Feb 8, 2022)
  • VANGUARD GROUP INC Filed SC 13G on LAKELAND BANCORP INC, latest Feb 13, 2024 (3 filings since Feb 10, 2022)
  • FJ Capital Management LLC Filed SC 13G/A on LAKELAND BANCORP INC, latest Feb 8, 2023 (2 filings since Feb 10, 2022)
  • LAKELAND BANCORP INC Oak Ridge, New Jersey, United States
    • 1st Constitution Capital Trust II Subsidiary · Delaware, United States
    • 1st Constitution Investment Company of New Jersey, Inc. Subsidiary · New Jersey, United States
    • 1st Constitution Real Estate Corporation Subsidiary · New Jersey, United States
    • FCB Asset Holdings, Inc. Subsidiary · New Jersey, United States
    • Lakeland Bancorp Capital Trust II Subsidiary · Delaware, United States
    • Lakeland Bancorp Capital Trust IV Subsidiary · Delaware, United States
    • Lakeland Equity, Inc. Subsidiary · Delaware, United States
    • Lakeland Financial Services Agency, Inc. Subsidiary · New Jersey, United States
    • Lakeland Investment Corporation Subsidiary · Delaware, United States
    • Lakeland NJ Investment Corporation Subsidiary · New Jersey, United States
    • Lakeland Preferred Equity, Inc. Subsidiary · New Jersey, United States
    • Lakeland Title Group LLC Subsidiary · New Jersey, United States
    • NBSC Holdings, Inc. Subsidiary · New Jersey, United States
    • NBSC Properties, Inc. Subsidiary · New Jersey, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What LAKELAND BANCORP INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$13.8M6 Dec 31, 2023$13.8M6 Dec 31, 20220%
Buildings and improvements$48.8M6 Dec 31, 2023$49.6M6 Dec 31, 2022−1.7%
Furniture and fixtures$36.4M6 Dec 31, 2023$34.0M6 Dec 31, 2022+7.3%
Leasehold improvements$17.1M6 Dec 31, 2023$15.9M6 Dec 31, 2022+7.6%
Property and equipment, before depreciation$116.1M6 Dec 31, 2023$113.3M6 Dec 31, 2022+2.5%
Accumulated depreciation$63.3M6 Dec 31, 2023$57.8M6 Dec 31, 2022+9.4%
Property and equipment, net$52.8M6 Dec 31, 2023$55.4M6 Dec 31, 2022−4.7%
Operating-lease assets (leased space)$16.0M6 Dec 31, 2023$20.1M6 Dec 31, 2022−20.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$320.7M6 Dec 31, 2023$235.9M6 Dec 31, 2022+35.9%
Equity securities at fair value$17.7M6 Dec 31, 2023$17.3M6 Dec 31, 2022+2.4%
Loans, net of allowance$8.3B6 Dec 31, 2023$7.8B6 Dec 31, 2022+6.0%
Deposits held (banks)$8.6B6 Dec 31, 2023$8.6B6 Dec 31, 2022+0.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$271.8M6 Dec 31, 2023$271.8M6 Dec 31, 20220%

Leadership

Who has led LAKELAND BANCORP INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Roger Bosma2006–2008
  2. Thomas Shara2008–2024

President

  1. Roger Bosma2006–2008
  2. Steven Schachtel2007–2008
  3. Thomas Shara2008–2024

Chief financial officer

  1. Joseph Hurley2006–2017
  2. Thomas Splaine Jr.2018–2024

Chief operating officer

  1. Louis Luddecke2006–2008
  2. Robert A. Vandenbergh2010–2017
  3. Ronald E. Schwarz2018–2024
2010201520202025
Board members and other officers (35)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 1st Constitution Capital Trust II Delaware4
  • 1st Constitution Investment Company of New Jersey, Inc. New Jersey4
  • 1st Constitution Real Estate Corporation New Jersey4
  • FCB Asset Holdings, Inc. New Jersey4
  • Lakeland Bancorp Capital Trust II Delaware4
  • Lakeland Bancorp Capital Trust IV Delaware4
  • Lakeland Equity, Inc. Delaware4
  • Lakeland Financial Services Agency, Inc. New Jersey4
  • Lakeland Investment Corporation Delaware4
  • Lakeland NJ Investment Corporation New Jersey4
  • Lakeland Preferred Equity, Inc. New Jersey4
  • Lakeland Title Group LLC New Jersey4
  • NBSC Holdings, Inc. New Jersey4
  • NBSC Properties, Inc. New Jersey4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. May 16, 20248-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights58
  2. May 13, 20248-K Other events59
  3. Apr 19, 20248-K Results of operations; Other events60
  4. Apr 12, 20248-K Other events61
  5. Mar 29, 20248-K Entered a material agreement62
  6. Mar 25, 20248-K Other events63
  7. Feb 2, 20248-K Change in control64
  8. Jan 25, 20248-K Results of operations; Other events65
  9. Dec 29, 20238-K Shareholder vote66
  10. Dec 20, 20238-K Entered a material agreement; Other events67
  11. Nov 6, 20238-K Other events68
  12. Oct 26, 20238-K Results of operations; Other events69
  13. Apr 8, 2008New chief executive Thomas Shara becomes CEO17
  14. May 16, 2006New chief executive Roger Bosma becomes CEO18
  15. Feb 7, 1989Founded LAKELAND BANCORP INC is founded2

Calendar

When it reported results

  1. Apr 19, 2024Reported quarterly or annual results60
  2. Jan 25, 2024Reported quarterly or annual results65
  3. Oct 26, 2023Reported quarterly or annual results69
  4. Jul 27, 2023Reported quarterly or annual results70
  5. Apr 27, 2023Reported quarterly or annual results71
  6. Jan 26, 2023Reported quarterly or annual results72
  7. Oct 27, 2022Reported quarterly or annual results73
  8. Jul 28, 2022Reported quarterly or annual results74

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

223 filings to the SEC since October 2021: 5 annual reports, 8 quarterly reports, 40 major events, 129 insider forms, 13 large holders, 28 other. The latest 20:

  1. Oct 31, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
  2. May 28, 202415-12G EDGAR
  3. May 17, 20244 EDGAR
  4. May 17, 20244 EDGAR
  5. May 17, 20244 EDGAR
  6. May 17, 20244 EDGAR
  7. May 17, 20244 EDGAR
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  9. May 17, 20244 EDGAR
  10. May 17, 20244 EDGAR
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  13. May 17, 20244 EDGAR
  14. May 17, 20244 EDGAR
  15. May 17, 20244 EDGAR
  16. May 17, 20244 EDGAR
  17. May 17, 20244 EDGAR
  18. May 17, 20244 EDGAR
  19. May 17, 20244 EDGAR
  20. May 17, 20244 EDGAR

The 223 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

9 open-market trades by officers, directors and large owners since October 2021: 7 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 2, 2024Ho-Sing-Loy PaulEVP and CIOSale8,000$12.54$100.3KForm 4
Feb 15, 2024MCCRACKEN ROBERT EDirectorBuy3,661$12.62$46.2KForm 4
Aug 15, 2023Ho-Sing-Loy PaulEVP and CIOSale2,000$14.16$28.3KForm 4
Aug 2, 2023DEACON MARY ANNDirectorBuy10$14.89$149Form 4
Mar 15, 2023Gragnolati BrianDirectorBuy4,355$17.15$74.7KForm 4
Mar 1, 2023Hanson James E. IIDirectorBuy1,400$19.07$26.7KForm 4
Feb 3, 2022Gragnolati BrianDirectorBuy1,000$18.74$18.7KForm 4
Dec 20, 2021Hanson James E. IIDirectorBuy1,125$18.03$20.3KForm 4
Nov 3, 2021Hanson James E. IIDirectorBuy1,025$18.96$19.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How LAKELAND BANCORP INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLAKELAND BANCORP INC1
  • CIK0000846901
  • Employer ID (EIN)22-29532751
  • Filer statusLarge accelerated filer1
  • Incorporated inNew Jersey1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address250 Oak Ridge Rd, Oak Ridge, NJ 074381
  • Mailing address250 Oak Ridge Rd, Oakridge, NJ 074381
  • Phone97369720001
  • Shares outstanding65,154,526 as of Apr 19, 202413
  • Public float$826.9M as of Jun 30, 202378
  • On EDGAR sinceNov 13, 19951
  • Filings1,617 in all: 4 (884), 8-K (262), 10-Q (86), 425 (40), 5 (34), SC 13G/A (30), 4/A (29), 3 (28)1
    All 47 form types

    DEF 14A (27), 10-K (26), CORRESP (14), EFFECT (12), UPLOAD (12), SC 13G (11), 5/A (10), S-4 (9), S-4/A (9), 424B3 (8), S-3 (7), S-8 (7), S-8 POS (7), 424B5 (6), 10-K/A (5), 8-K/A (5), PRE 14A (5), S-3DPOS (5), DEFA14A (4), FWP (4), S-3/A (4), S-3D (4), 10-K405 (3), 305B2 (2), 424B2 (2), 8-A12G (2), NT 10-K (2), 10-K405/A (1), 10-Q/A (1), 15-12G (1), 25-NSE (1), 3/A (1), CT ORDER (1), DEFM14A (1), POS AM (1), RW (1), S-3ASR (1), SC 13D (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Feb 28, 2024
    Quarterly report (10-Q) Apr 26, 2024
    Proxy statement (DEF 14A) Nov 27, 2023
    Latest 8-K (8-K) May 16, 2024

Sources

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