RE:Not Seeing any Predictions on Laurentians Release TomorrowHit is pretty much spot on. Loans and deposits are both down, most concernig is the drop in mortgages given the hot real estate market in the East. Net interest margin at 1.88 is still weak and other income still does not represent anywhere near 50% of income. Efficiency ratio still sucks and the only inmprvement is the result of lower loan losse provisions and recapture of previous LLP. Non-Interest expense did not improve significantly from Oct 2020. Same reasons for the slight improvement in Capital ratio. At 10% it is not on par with any of their competitors.
By all appearances this Bank coninues to lose clients and since it is predominantely a retail bank, their tellerless/advice only operation does not seem to be working out this time either. Hopefully they pull it up next quarter.
DeanEdmonton wrote: My expectation, inproved pofit on lower LLP and maybe even reversing some previous LLP. I expect loans and deposits to be flat or down, and we shall see if they have made any progress on getting their attrocious efficiency ratio and lousy ROA to improve. If I am right about the souce of improved earnings both those meaasures should improve a lot, if they don't or only improve a little it tells you performance is actually getting worse.