Published 3 days ago • loading... • Updated 2 days ago

Laurentian Bank reports $32 million second quarter profit

Laurentian Bank of Canada, headquartered in Montreal, announced a net profit of $32.3 million in its second quarter, which concluded on April 30, 2025.
This result contrasts with a net loss of $117.5 million in the same period last year due to ongoing strategic adjustments the bank has pursued over the past year.
The bank reported a decline in total revenue to $242.5 million this quarter, compared to $252.6 million in the previous year, alongside a reduction in its credit loss provisions to $16.7 million.
Earnings per share improved to 69 cents from a loss of $2.71 per share last year, while adjusted net income fell to $34 million from $40.5 million in the prior comparable quarter.
Chief Executive Éric Provost said the bank is satisfied with its progress marking one year into its strategic plan but acknowledged there is still more work to complete.

Insights by Ground AI

Does this summary seem wrong?

18 Articles

All

Left

Center

Right

Rocky Mountain Outlook

Reposted by

Elora Fergus Today

Lean Left

Laurentian Bank reports $32 million Q2 profit as work continues on strategic plan

Laurentian Bank of Canada says it's making progress on its turnaround efforts as it marks a year of working through its strategic plan.

2 days ago

Read Full Article

The Globe & Mail

Center

Laurentian Bank reports $32-million in second-quarter profit

The bank’s total revenue for the quarter was $242.5-million, down from $252.6-million last year

2 days ago·Canada

Read Full Article

La Presse

Lean Left

Second Quarter: Better than Anticipated Performance at Laurentian

Laurentian Bank presented on Friday a better than anticipated quarterly financial performance for the quarter covering the months of February, March and April.

2 days ago·Montreal, Canada

Read Full Article

Winnipeg Free Press

+12 Reposted by 12other sources

Center

Laurentian Bank reports $32 million second quarter profit

Breaking News, Sports, Manitoba, Canada

3 days ago·Winnipeg, Canada

Read Full Article

pressreach.com

Laurentian Bank of Canada declares dividend on its common shares - PressReach

MONTREAL, May 30, 2025 /CNW/ – At its meeting held on May 29, 2025, the Board of Directors of Laurentian Bank of Canada (TSX: LB) (the “Bank“) declared a regular quarterly dividend of 47 cents per share on the common shares, payable on August 1, 2025, to the holders of record at the close of business on July 1, 2025. The above-mentioned dividends are designated as eligible dividends for the purposes of the Income Tax Act (Canada) and any simila…

2 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year