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Laurentian Bank of Canada (LB.TO)

LB.TO on Toronto Stock Exchange

58.51CAD
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Latest Key Developments (Source: Significant Developments)

Laurentian Bank Q1 earnings per share C$1.30
Tuesday, 28 Feb 2017 08:43am EST 

Laurentian Bank of Canada : Laurentian Bank of Canada reports first quarter 2017 results . Q1 adjusted earnings per share C$1.43 . Q1 earnings per share C$1.30 . Q1 revenue rose 8 percent to C$241.6 million . Q1 earnings per share view C$1.40 -- Thomson Reuters I/B/E/S . Laurentian Bank says net interest income increased by $4.2 million or 3% to $153.7 million for Q1 of 2017, from $149.5 million for Q1 of 2016 . Laurentian Bank says net interest margin stood at 1.66% for Q1 of 2017, a decrease of 12 basis points compared with Q1 of 2016 . Laurentian Bank says qtrly provision for credit losses remained relatively stable at $9.0 million compared with $9.1 million for Q1 of 2016 . Laurentian Bank says CET 1 capital ratio stood at 8.2% as at jan 31, 2017, compared with 8.0% as at Oct 31, 2016 and 7.7% as at January 31, 2016 .Laurentian Bank says bank's book value per common share appreciated to $48.87 as at January 31, 2017 from $47.92 as at October 31, 2016.  Full Article

Laurentian Bank posts Q4 earnings of C$0.45/share
Tuesday, 6 Dec 2016 08:53am EST 

Laurentian Bank Of Canada: Laurentian Bank reports 2016 results . Q4 earnings per share C$0.45 . Q4 revenue rose 2 percent to C$236.4 million . Q4 earnings per share view C$1.43 -- Thomson Reuters I/B/E/S . Q4 adjusted earnings per share C$1.47 . Laurentian Bank Of Canada - net interest income decreased by $1.9 million or 1% to $148.7 million for the fourth quarter of 2016 . quarter-End common equity tier 1 capital ratio at 8.0% . Laurentian Bank Of Canada - quarterly common share dividend raised by $0.01 to $0.61 per share .Laurentian Bank Of Canada - assets under management at Laurentian bank securities at quarter-end $3.5 million versus $3.1 million same period last year.  Full Article

Laurentian Bank Of Canada will merge fifty branches over next eighteen months
Wednesday, 28 Sep 2016 04:18pm EDT 

Laurentian Bank Of Canada : Will merge fifty branches over next eighteen months .Says mergers will lead to a reduction of about three hundred positions.  Full Article

Laurentian Bank sets regular quarterly dividend of C$0.60 per share
Wednesday, 31 Aug 2016 08:36am EDT 

Laurentian Bank Of Canada :Sets regular quarterly dividend of c$0.60per share.  Full Article

Laurentian Bank Q3 adjusted EPS C$1.37
Wednesday, 31 Aug 2016 08:33am EDT 

Laurentian Bank Of Canada : Laurentian Bank reports third quarter 2016 results . Q3 earnings per share C$1.34 . Q3 revenue rose 1 percent to C$229.1 million . Q3 earnings per share view C$1.40 -- Thomson Reuters I/B/E/S . Common equity tier 1 capital ratio stood at 7.9% as at july 31, 2016, compared with 7.9% as at april 30, 2016 . Q3 revenue view C$229.1 million -- Thomson Reuters I/B/E/S . Qtrly common equity tier 1 capital ratio stood at 7.9% as at July 31, 2016, compared with 7.9% as at April 30, 2016 . Entered into a new outsourcing agreement with IBM Canada to manage infrastructure and storage operations .Net interest income increased by $0.8 million or 1% to $148.0 million for q3 of 2016.  Full Article

CIT to sell its Canadian portfolio to Laurentian Bank Of Canada
Wednesday, 29 Jun 2016 04:35pm EDT 

CIT Group Inc : Cit announces sale of Canadian equipment finance and corporate finance businesses to Laurentian Bank Of Canada .CIT Canada and Laurentian Bank Of Canada will continue to operate separately until closing of transaction.  Full Article

Laurentian Bank buys C$1 bln portfolio from CIT Group
Wednesday, 29 Jun 2016 04:22pm EDT 

Laurentian Bank Of Canada : Laurentian Bank Of Canada acquires the Canadian equipment financing and corporate financing activities of CIT Group Inc . Bank believes acquisition will be modestly accretive to its adjusted earnings per share in 2017 . Acquisition will be financed through a $135 million offering of subscription receipts and existing balance sheet liquidity . Bank believes deal accretive to adjusted earnings per share by approximately 4% in 2018 .Reached agreement to acquire Canadian equipment financing, corporate financing activities of CIT a portfolio of c$1 billion.  Full Article

Laurentian Bank Q2 adjusted earnings per share C$1.46
Wednesday, 1 Jun 2016 08:29am EDT 

Laurentian Bank Of Canada : Q2 adjusted earnings per share c$1.46 . Q2 revenue rose 3 percent to c$226.8 million . Quarterly common share dividend raised by $0.02 to $0.60 . Laurentian bank of Canada says q2 adjusted return on common shareholders' equity of 12.8% and reported return on common shareholders' equity of 12.5% . Quarterly common share dividend raised by $0.02 to $0.60 . Net interest income increased by $5.7 million or 4% to $143.4 million for q2 of 2016 . Laurentian bank reports its second quarter of 2016 results . Q2 earnings per share c$1.43 .Q2 earnings per share view c$1.37 -- Thomson Reuters I/B/E/S.  Full Article

Temenos Group receives order from Laurentian Bank of Canada
Friday, 20 May 2016 09:00am EDT 

Temenos Group AG : Laurentian Bank of Canada selects Temenos and Deloitte to transform its core banking technology .Temenos platform to power retail and commercial banking for Laurentian Bank of Canada and its subsidiary, B2B Bank.  Full Article

Laurentian Bank declares a dividend on its common shares
Thursday, 25 Feb 2016 09:00am EST 

Laurentian Bank of Canada:Declared a regular quarterly dividend of 58 cents per share on the common shares payable on May 1, 2016 to the holders on record at the close of business on April 1, 2016.  Full Article

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