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 Independent Chairman of the Board | Kelsey Gunderson Executive Vice President, Capital Markets, President and Chief Executive Officer, Laurentian Bank Securities Inc. | Rania Llewellyn President, Chief Executive Officer, Director |
| Yvan Deschamps Chief Financial Officer, Executive Vice President | Deborah Rose Executive Vice President, Chief Operating Officer, Chief Information Officer | Sebastien Belair Chief Human Resource Officer, Executive Vice President |
| Beel Yaqub Executive Vice President, Chief Information Technology Officer | William Mason Executive Vice President, Chief Risk Officer | Karine Abgrall-Teslyk Executive Vice President, Head of Personal Banking | Yves Denomme Executive Vice President - Operations |
| Business Overview |
| Laurentian Bank of Canada (the Bank) is a Canada-based diversified financial services provider. The Bank is a chartered bank. Its segments include Personal segment, Business Services segment and Institutional segment. The Personal segment caters to the financial needs of retail clients. Clients can access the Bank's offering of financial advice, products and services through a network of branches in Quebec referred to as Financial Clinics; an advisors and brokers channel targeting independent financial intermediaries across Canada; and a digital direct-to-customer platform. The Business Services 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 Institutional segment provides a range of services, including research, market analysis and advisory services; corporate underwriting for debt and equity; and administrative services. |
| Financial Overview |
| For the six months ended 30 April 2021, LaurentianBank of Canada interest income decreased 14% to C$637.3M.Net interest income after loan loss provision increased 21%to C$325.4M. Net income applicable to common stockholdersincreased from C$34.7M to C$91.6M. Net interest incomeafter loan loss provision reflects Net Interest Margin,Total -% increase of 1% to 1.86%, Other increase fromC$15.9M to C$47.4M. |
| Employees: | 2,900 as of Oct 31, 2020 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $18,075M as of Apr 30, 2021 |
| Annual revenue (TTM): | $1,316M as of Apr 30, 2021 |
| EBITDA (TTM): | $315.37M as of Apr 30, 2021 |
| Net annual income (TTM): | $158.60M as of Apr 30, 2021 |
| Free cash flow (TTM): | $370.94M as of Apr 30, 2021 |
| Net Debt Last Fiscal Year: | $17,203M as of Apr 30, 2021 |
| Shares outstanding: | 43,425,275 as of Jul 6, 2021 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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