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Laurentian Bank of Canada T.LB

Alternate Symbol(s):  LRCDF | LAUCF | T.LB.PR.H

Laurentian Bank of Canada (the Bank) is a Canada-based provider of financial services to its personal, commercial and institutional customers. The Bank operates in Canada and the United States. Its segments include Personal Banking, Commercial Banking and Capital Markets. The Personal Banking segment caters to the financial needs of retail clients. The Commercial Banking segment caters to the financial needs of business clients across Canada and in the United States and provides commercial banking, real estate financing, and equipment and inventory financing. The Capital Markets segment provides a range of services, including research, market analysis and advisory services, corporate underwriting for debt and equity, and administrative services. The Bank's clients can access its offering of financial advice, products and services through a network of branches in Quebec. The Bank offers a digital direct-to-customer platform to all Canadians. The Bank has approximately 57 branches.


TSX:LB - Post by User

Post by Betteryear2on Mar 02, 2022 7:33am
118 Views
Post# 34473953

Laurentian Bank of Canada reports first quarter 2022 results

Laurentian Bank of Canada reports first quarter 2022 results

MONTREAL, March 02, 2022 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada reported net income of $55.5 million and diluted earnings per share of $1.17 for the first quarter of 2022, compared with $44.8 million and $0.96 for the first quarter of 2021. Return on common shareholders' equity was 8.5% for the first quarter of 2022, compared with 7.1% for the first quarter of 2021. Adjusted net income was $59.5 million and adjusted diluted earnings per share were $1.26 for the first quarter of 2022, up from $47.6 million and $1.03 for the first quarter of 2021. Adjusted return on common shareholders' equity was 9.2% for the first quarter of 2022, compared with 7.5% a year ago.


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