Laurentian Bank Of Canada (T:LB)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 1420-1981 McGill College Ave MONTREAL QC H3A 3K3 |
| Tel: | 1-514-284-4500 |
| Website: | https://www.laurentianbank.ca |
| IR: | See website |
| Key People | ||
| Michael P. Mueller Chairman of the Board | Francois Desjardins President, Chief Executive Officer, Non-independent Director | Francois Laurin Chief Financial Officer, Executive Vice-President - Finance, Treasury, Capital Markets |
| Deborah Rose Executive Vice President, Chief Operating Officer, Chief Information Officer | Liam Mason Executive Vice President, Chief Risk Officer | Craig Backman Executive Vice President - Personal Digital Banking, President and Chief Executive Officer - B2B Bank |
| Kelsey Gunderson Executive Vice President, Capital Markets and President and Chief Executive Officer of Laurentian Bank Securities | Stephane Therrien Executive Vice-President - Personal & Commercial Banking, Laurentian Bank and President and Chief Executive Officer - LBC Financial Services | |
| Business Overview |
| Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank's loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables. The Bank offers financing products, such as Visa credit cards, Personal line of credit, Personal loan and Student loan. Its mortgage products include Homeowner's Kit, Equity line of credit, Mortgage with cashback, Variable-rate mortgage and Fixed-rate mortgage. Its investment products include, Fixed-rate investments, Indexed investments, Mutual funds, Registered plans and Bank securities. It also offers various personal banking services under categories, such as My Family, My Career, My Dream, My First Home, My Renovations and My Savings. |
| Financial Overview |
| For the fiscal year ended 31 October 2019, Laurentian Bank of Canada interest income increased 4% to C$1.56B. Net interest income after loan loss provision decreased 3% to C$642M. Net income applicable to common stockholders decreased 24% to C$159.7M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities. |
| Employees: | 3,200 as of Oct 31, 2019 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $13,793M as of Oct 31, 2019 |
| Annual revenue (TTM): | $1,556M as of Oct 31, 2019 |
| EBITDA (TTM): | $488.47M as of Oct 31, 2019 |
| Net annual income (TTM): | $159.74M as of Oct 31, 2019 |
| Free cash flow (TTM): | -$441.15M as of Oct 31, 2019 |
| Net Debt Last Fiscal Year: | $11,731M as of Oct 31, 2019 |
| Shares outstanding: | 42,626,419 as of Jan 9, 2020 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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