What is Lakeland Bancorp Mortgage Backed Securities (USD Mil)?
Mortgage Backed Securities (USD Mil) is a type of investment similar to a bond that is made up of mortgage loans bought from the banks that issued them. It is a type of asset-backed security secured by a mortgage or collection of mortgages.
Lakeland Bancorp's Mortgage Backed Securities (USD Mil) for the quarter that ended in Dec. 2023 was 623.75
, which is lower than
624.37 for the pervious quarter ended in Sep. 2023.
Lakeland Bancorp's Mortgage Backed Securities (USD Mil) for the annual that ended in Dec. 2023 was 623.75
, which is lower than
677.18 for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Lakeland Bancorp's Mortgage Backed Securities (USD Mil) or its related term are showing as below:
Lakeland Bancorp Mortgage Backed Securities (USD Mil) Historical Data
The historical data trend for Lakeland Bancorp's Mortgage Backed Securities (USD Mil) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Lakeland Bancorp's Mortgage Backed Securities (USD Mil)
For the Banks - Regional subindustry, Lakeland Bancorp's Mortgage Backed Securities (USD Mil), along with its competitors' market caps and Mortgage Backed Securities (USD Mil) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mortgage Backed Securities (USD Mil) is a type of asset-backed security secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. Investors are essentially lending money to home buyers, while the bank becomes an intermediary between the home buyer and the investors.
Lakeland Bancorp Mortgage Backed Securities (USD Mil) Related Terms
Thank you for viewing the detailed overview of Lakeland Bancorp's Mortgage Backed Securities (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.
Lakeland Bancorp (Lakeland Bancorp) Business Description
Lakeland Bancorp Inc is a bank holding company. It offers retail banking, business banking, and investment programs. The company's services are lending, depository, short and medium term loans, line and letters of credit, inventory and accounts receivable financing, construction and mortgage loans, merchant credit card services, checking account, savings accounts, now accounts, money market accounts, certificate of deposits, safe deposit, consumer installment loans and also wire transfer, internet and mobile banking, night depository services and investment and advisory services. The company operates through offices located in New Jersey and New York. Its primary source of revenue is interest income generated from loans, leases and investment securities.
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