Lakeland Bancorp Investor Conference Presentation Deck
Balance Sheet - Q1
Current assets
Cash and cash equivalents
Accounts receivable, net of allowance for
doubtful accounts of $758 and $666 at
April 30, 2023 and January 31, 2023,
respectively
Inventories
Prepaid VAT and other taxes
Other current assets
ASSETS
Total current assets
Property and equipment, net
Operating leases right-of-use assets
Deferred tax assets
Other assets
Goodwill
Intangible assets, net
Investments
Total assets
(UNAUDITED)
($000's Except Share Information)
Lakeland
April 30,
2023
$26,021
16,856
57,896
2,578
4,591
107,942
9,217
5,269
2,940
107
8,473
5,940
5,206
$145,094
JANUARY
31, 2023
$24,639
17,296
58,176
1,963
2,908
104,892
9,140
5,472
2,764
100
8,473
6,042
5,354
$142,327
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable
Accrued compensation and benefits
Other accrued expenses
Income tax payable
Short-term borrowings
Accrued earnout agreement
Current portion of operating lease liabilities
Total current liabilities
Deferred income taxes
Long-term portion of operating lease liabilities
Total liabilities
Commitments and contingencies
Stockholders' equity
Preferred stock, $0.01 par; authorized 1,500,000 shares (none issued)
Common stock, $0.01 par; authorized 20,000,000 shares
Issued 8,709,256 and 8,655,699; outstanding 7,355,748 and 7,325,005 at April 30, 2023 and
January 31, 2023, respectively
Treasury stock, at cost; 1,353,508 and 1,330,694 shares at April 30, 2023 and January 31,
2023, respectively
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Total stockholders' equity
Total liabilities and stockholders' equity
April 30,
2023
$8,297
3,390
4,526
519
115
2,688
998
20,533
769
3,654
24,956
T
87
(19,922)
78,543
65,839
(4,409)
120,138
$145,094
JANUARY
31, 2023
$6,558
2,522
4,068
---
405
3,182
1,253
17,988
769
3,580
22,337
87
(19,646)
78,475
64,765
(3,691)
119,990
$142,327
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