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Lakeland Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $11,138.6 Mil.
Warning Sign:
If a company builds assets at 15.6% a year, faster than its revenue growth rate of 3.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Lakeland Bancorp's average Total Assets Growth Rate was 4.00% per year. During the past 3 years, the average Total Assets Growth Rate was 14.70% per year. During the past 5 years, the average Total Assets Growth Rate was 15.60% per year. During the past 10 years, the average Total Assets Growth Rate was 13.90% per year.
During the past 13 years, Lakeland Bancorp's highest 3-Year average Total Assets Growth Rate was 32.90%. The lowest was -4.10%. And the median was 12.80%.
Total Assets is connected with ROA %. Lakeland Bancorp's annualized ROA % for the quarter that ended in Dec. 2023 was 0.72%. Total Assets is also linked to Revenue through Asset Turnover. Lakeland Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.
The historical data trend for Lakeland Bancorp's Total Assets 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.
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Lakeland Bancorp's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
Total Assets | = | Total Equity (A: Dec. 2023 ) | + | Total Liabilities (A: Dec. 2023 ) |
= | 1169.369 | + | 9969.198 | |
= | 11,138.6 |
Lakeland Bancorp's Total Assets for the quarter that ended in Dec. 2023 is calculated as
Total Assets | = | Total Equity (Q: Dec. 2023 ) | + | Total Liabilities (Q: Dec. 2023 ) |
= | 1169.369 | + | 9969.198 | |
= | 11,138.6 |
* 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.
Lakeland Bancorp (NAS:LBAI) Total Assets Explanation
Total Assets is connected with ROA %.
Lakeland Bancorp's annualized ROA % for the quarter that ended in Dec. 2023 is
ROA % | = | Net Income (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 80.272 | / | ( (11176.809 | + | 11138.567) | / 2 ) | |
= | 80.272 | / | 11157.688 | ||||
= | 0.72 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Lakeland Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 is
Asset Turnover | ||||||
= | Revenue (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 71.348 | / | ( (11176.809 | + | 11138.567) | / 2 ) |
= | 71.348 | / | 11157.688 | |||
= | 0.01 |
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Thank you for viewing the detailed overview of Lakeland Bancorp's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Paul Ho-sing-loy | officer: EVP Chief Information Officer | C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
Mary Ann Deacon | director | LAKELAND BANK, 250 OAK RIDGE RD, OAK RIDGE NJ 07438 |
Brian Gragnolati | director | C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
Hanson James E. Ii | director | C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
Robert F Mangano | director | C/O 1ST CONSTITUTION BANCORP, 2650 ROUTE 130, CRANBURY NJ 08512 |
John F Rath | officer: EVP/Chief Loan Officer | C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
James M. Nigro | officer: EVP Chief Risk Officer | C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
Timothy J Matteson | officer: EVP, CAO & General Counsel | 1000 MACARTHUR BLVD., MAHWAH NJ 07430 |
Ellen Lalwani | officer: EVP/Chief Banking Officer | C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
Thomas Jr Splaine | officer: EVP and CFO | 101 JFK PARKWAY, SHORT HILLS NJ 07078 |
Janeth C Hendershot | director | 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
Nicholson Robert K Iii | director | |
Bruce D. Bohuny | director | 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
Thomas Shara | officer: President and CEO | 92 FROST COURT, WYCOFF NJ 07481 |
Brian Flynn | director | 350 RODNEY ROAD, WYCOFF NJ 07481 |
From GuruFocus
By Value_Insider 12-08-2022
By PRNewswire 12-21-2022
By GuruFocusNews 04-07-2022
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