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Laurentian Bank of Canada (LB.TO)

LB.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Laurentian Bank Of Canada says on Dec 5, disclosed issues arising from a review of mortgages that it had sold to a third party purchaser
Monday, 11 Dec 2017 06:30am EST 

Dec 11 (Reuters) - Laurentian Bank Of Canada ::Laurentian Bank Of Canada - On Dec 5, co disclosed issues arising from a review of mortgages that it had sold to a third party purchaser.Laurentian Bank Of Canada says does not believe matters related to the mortgages are material to business, capital, operations, funding.Laurentian Bank - the disclosed issues resulted in co repurchasing some mortgages & may result in it being required to repurchase additional mortgages.Laurentian Bank Of Canada says has available liquidity on hand to repurchase affected mortgages.Laurentian Bank Of Canada - affected mortgages are performing "in line" with co's overall residential mortgage portfolio.Laurentian Bank - estimated value of mortgages that may be repurchased from third party buyer is about 1.6 pct of co's total residential mortgage portfolio.  Full Article

Laurentian Bank Financial Group Reports Q4 Adjusted Earnings Per Share C$1.63
Tuesday, 5 Dec 2017 06:30am EST 

Dec 5 (Reuters) - Laurentian Bank Of Canada ::LAURENTIAN BANK FINANCIAL GROUP REPORTS 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE C$1.63.Q4 REVENUE C$268 MILLION VERSUS I/B/E/S VIEW C$258.3 MILLION.Q4 EARNINGS PER SHARE VIEW C$1.55 -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE C$1.42.PROVISION FOR CREDIT LOSSES INCREASED TO $11.5 MILLION FOR Q4 OF 2017 FROM $10.3 MILLION FOR Q4 OF 2016​.IMPAIRMENT AND RESTRUCTURING CHARGES AMOUNTED TO $5.7 MILLION FOR Q4 OF 2017 COMPARED WITH $38.3 MILLION FOR Q4 OF 2016.QTRLY NET INTEREST INCOME INCREASED BY $27.5 MILLION OR 18% TO $176.2 MILLION.  Full Article

Laurentian Bank Of Canada reports Q3 adjusted earnings per share of C$1.63
Tuesday, 29 Aug 2017 06:30am EDT 

Aug 29 (Reuters) - Laurentian Bank Of Canada :Laurentian Bank reports third quarter 2017 results.Q3 adjusted earnings per share C$1.63.Q3 earnings per share C$1.48.Q3 revenue rose 8 percent to C$248 million.Q3 earnings per share view C$1.49 -- Thomson Reuters I/B/E/S.Laurentian Bank Of Canada - net interest income increased by $9.7 million or 7 percent to $157.7 million for Q3 of 2017, from $148.0 million for Q3 of 2016.Laurentian Bank Of Canada - provision for credit losses amounted to $6.4 million for Q3 of 2017 compared with $8.2 million for Q3 of 2016.Laurentian Bank Of Canada - Common Equity Tier 1 ratio at 7.9 percent at quarter end.Laurentian Bank Of Canada - bank's book value per common share appreciated to $50.54 as at July 31, 2017 from $47.92 as at October 31, 2016.Q3 revenue view C$246.8 million -- Thomson Reuters I/B/E/S.  Full Article

Laurentian Bank Of Canada announces offering of subordinated notes
Thursday, 15 Jun 2017 06:23pm EDT 

June 15 (Reuters) - Laurentian Bank Of Canada ::Laurentian Bank Of Canada announces offering of subordinated notes (NVCC).Laurentian Bank Of Canada announces offering of subordinated notes (NVCC).Laurentian Bank Of Canada says announced today an offering of $350 million principal amount of 4.25pct notes due June 22, 2027.Laurentian Bank Of Canada - notes will bear interest at a fixed rate of 4.25pct per annum until June 22, 2022.Laurentian Bank Of Canada - issuance of notes is expected to close on June 22, 2017.  Full Article

Laurentian Bank increases dividend on its common shares
Tuesday, 30 May 2017 09:02am EDT 

May 30 (Reuters) - Laurentian Bank Of Canada ::Laurentian Bank increases the dividend on its common shares.Sets regular quarterly dividend of C$0.62per share.  Full Article

Laurentian Bank Q2 adjusted earnings per share C$1.39
Tuesday, 30 May 2017 08:59am EDT 

May 30 (Reuters) - Laurentian Bank Of Canada ::Laurentian Bank reports second quarter 2017 results.Q2 adjusted earnings per share C$1.39.Q2 earnings per share c$1.19.Q2 revenue rose 5 percent to c$238.8 million.Q2 earnings per share view C$1.37 -- Thomson Reuters I/B/E/S.Laurentian Bank Of Canada says Q2 adjusted return on common shareholders' equity of 11.7% and 9.9% on a reported basis.Laurentian Bank Of Canada says Q2 provision for credit losses amounted to $10.1 million compared with $5.8 million for Q2 of 2016.Laurentian Bank Of Canada says book value per common share appreciated to $49.56 as at April 30, 2017 from $47.92 as at October 31, 2016.  Full Article

Laurentian Bank of Canada says underwriters have agreed to buy 3.9 million subscription receipts
Thursday, 18 May 2017 04:50pm EDT 

May 18 (Reuters) - Laurentian Bank Of Canada :Laurentian Bank of Canada announces C$201 million bought deal offering of subscription receipts and C$25 million concurrent private placement of subscription receipts.Laurentian Bank of Canada - underwriters have agreed to buy 3.9 million subscription receipts at a price of $51.70 per subscription receipt.  Full Article

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

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Laurentian Bank discloses 'misrepresentations' on some mortgages

Canadian lender Laurentian Bank said an audit had found "documentation issues and client misrepresentations" on some mortgages it had sold to another company, triggering the worst one-day selloff in its shares since 2009.