2F I0R S T Q 2U A R T E R1

I N V E S T O R S P R E S E N T A T I O N

Forward-Looking Statements

The information disclosed in this document includes various forward-looking statements that are made in

reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The

words "anticipates," "projects," "intends," "estimates," "expects," "believes," "plans," "may," "will," "should," "could," and other similar expressions are intended to

identify such forward-looking statements The Company cautions that these forward-looking statements are necessarily speculative and speak only as of the date made, and are subject to numerous assumptions, risks and uncertainties, all of which may change over time. Actual results could differ materially from such forward- looking statements. Accordingly, you should not place undue reliance on forward-looking statements. In addition to the specific risk factors disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2020, the following factors, among others, could cause actual results to differ materially

and adversely from such forward-looking statements: changes in the financial services industry and the U.S. and global capital markets, changes in economic conditions nationally, regionally and in the company's markets, the nature and timing of actions of the Federal Reserve Board and other regulators, the nature and

timing of legislation and regulation affecting the financial services industry, government intervention in the U.S. financial system, changes in federal and state tax laws, changes in levels of market interest rates, pricing pressures on loan and deposit products, credit risks of the Company's lending and leasing activities, successful implementation, deployment and upgrades of new and existing technology, systems, services and products, customers' acceptance of the Company's products and services, and competition. Further, given its ongoing and dynamic nature, it is difficult to predict the continuing effects that the COVID-19 pandemic will have on our business and results of operations. The pandemic and related local and national economic disruption may, among other effects, result in a material adverse change for the demand for our products and services; increased levels of loan delinquencies, problem assets and foreclosures; branch disruptions, unavailability of personnel and increased cybersecurity risks as employees work remotely. Any statements made by the Company that are not historical facts should be considered to be forward-looking statements. The Company is not obligated to update and does not undertake to update any of its forward-looking statements made herein.

2

Corporate Profile

  • LBAI - NASDAQ
  • Founded in 1969
  • 48 Branches - Serving Northern/Central

NJ & Hudson Valley, NY

    • 8 Regional Commercial Lending Centers
    • 1 Commercial Loan Production Office
  • Financial Snapshot

Assets

$7.8 Billion

Loans

$6.1 Billion

Deposits

$6.6 Billion

  • Market Cap $882 Million(1)

1 Stock Price as of March 31, 2021 - $ 17.43

3

Who We Are

For more than half a century, we have grown to a full service commercial bank, committed to meeting the financial needs of businesses & consumers, and are proud to be characterized as the following:

Traditional Commercial Bank

Conservative & Consistent

Scarce & Valuable Franchise

Relationship Lender

Banking Philosophy

One of the Largest Publically

Diversified Commercial Real

Low Risk Model

Traded Banks in NJ

Estate Portfolio

Disciplined Acquirer

One of the Lowest Cost of

Focus is NOT Multifamily Lending

Funds in the State(1)

  1. Source: S&P Global Q4 2020 for NJ headquartered

banks with total assets greater than $500 million.

4

Balanced Loan Portfolio

Loan Portfolio Growth(1)

CAGR excluding acquisitions: 6.7%

Loan Composition

Residential Consumer

Leases Mortgage $286

CAGR: 11.3%

$4,153

$3,871

$6,021 $6,109

$5,138

$4,457

$386 5%

$119 6% 2%

Construction $291 5%

PPP $346 6%

C&I $394 6%

CRE Non

Owner

Occupied

Commercial

$2,375

39%

2016

2017

2018

2019

2020

2021 Q1

  1. Acquired loans of $580 in 2016, $426 in 2019
  2. Represents Lakeland Bank's CRE to total risk based

capital ratio, as of March 31, 2021, per regulatory guidelines

CRE Non

CRE

Owner

Multifamily

CRE Owner

Occupied

$858

Residential

Occupied

14%

$196

$858

3%

14%

CRE / Capital

464%(2)

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Lakeland Bancorp Inc. published this content on 30 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 18:28:04 UTC.