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Laurentian Bank of Canada
Symbol LB
Shares Issued 44,233,909
Close 2025-08-29 C$ 30.50
Market Cap C$ 1,349,134,225
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Globe/CP say Laurentian Bank posts $37.5M in Q3 profit

2025-09-02 07:19 ET - In the News

The Globe and Mail reports in its Saturday, Aug. 30, edition that Laurentian Bank of Canada says it had a net income of $37.5-million in the third quarter, up from a profit of $34.1-million in the same quarter last year. A Canadian Press dispatch to The Globe reports that the Montreal-based bank says earnings worked out to 73 cents a share for the quarter ending July 31, an increase from 67 cent a share last year. Laurentian says total revenue for the quarter was $246.8-million, down from $256.5-million last year. The bank says its adjusted net income came to $39.6-million or 78 cents a share, down from $43.1-million or 88 cents a share in the same quarter last year. Analysts on average had expected an adjusted profit of 73 cents a share, according to LSEG Data & Analytics. The bank's provisions for credit loss totalled $11.1-million in the quarter, compared with $16.3-million in the same quarter last year.

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