Lakeland Bancorp (FRA:LKL) Scaled Net Operating Assets : 0.05 (As of Mar. 2024)

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What is Lakeland Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Lakeland Bancorp's operating assets for the quarter that ended in Mar. 2024 was €9,055.8 Mil. Lakeland Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was €8,509.8 Mil. Lakeland Bancorp's Total Assets for the quarter that ended in Dec. 2023 was €10,214.1 Mil. Therefore, Lakeland Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.05.

Lakeland Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Lakeland Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(9920.025	-	8649.696)	/	10179.945
=	0.12

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	10214.066	-	294.041
=	9920.025

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	9141.755	-	492.059	-	0
=	8649.696

Lakeland Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(9055.777	-	8509.835)	/	10214.066
=	0.05

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	10087.693	-	1031.916
=	9055.777

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	9002.618	-	492.783	-	0
=	8509.835

* 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 (FRA:LKL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Lakeland Bancorp Inc (FRA:LKL) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

LBAI:USA

Address

250 Oak Ridge Road, Oak Ridge, NJ, USA, 07438

Website

https://www.lakelandbank.com

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.