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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
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