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 annualizedROA % 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.
Lakeland Bancorp Total Assets Historical Data
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.
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Lakeland Bancorp Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Total Assets
6,711.24
7,664.30
8,198.06
10,783.84
11,138.57
Lakeland Bancorp Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Total Assets
10,783.84
10,837.24
10,897.97
11,176.81
11,138.57
Lakeland Bancorp Total Assets Calculation
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
* 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
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
* 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.
Lakeland Bancorp Total Assets Related Terms
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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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