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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
Tel: 1-514-284-4500
IR: See website
Key People
Michael P. Mueller
Independent Chairman of the Board
Francois Desjardins
President, Chief Executive Officer, Non-independent Director
Francois Laurin
Chief Financial Officer, Executive Vice President - Finance, Treasury
Deborah Rose
Executive Vice President, Chief Operating Officer, Chief Information Officer
William Mason
Executive Vice President, Chief Risk Officer
Kelsey Gunderson
Executive Vice President, Capital Markets, President and Chief Executive Officer, Laurentian Bank Securities Inc.
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 (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 2020, Laurentian Bank of Canada interest income decreased 4% to C$743.8M. Net interest income after loan loss provision decreased 15% to C$269.7M. Net income applicable to common stockholders decreased 55% to C$34.7M. Net interest income after loan loss provision reflects Loans decrease of 3% to C$690.2M, Securities decrease of 14% to C$33.9M.
Employees: 3,200 as of Oct 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $13,041M as of Apr 30, 2020
Annual revenue (TTM): $1,525M as of Apr 30, 2020
EBITDA (TTM): $245.56M as of Apr 30, 2020
Net annual income (TTM): $117.35M as of Apr 30, 2020
Free cash flow (TTM): -$194.37M as of Apr 30, 2020
Net Debt Last Fiscal Year: $12,241M as of Apr 30, 2020
Shares outstanding: 42,939,895 as of Jun 8, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization