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Laurentian Bank Of Canada (T:LB)

Business Focus: Banks (NEC)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1420-1981 McGill College Ave
MONTREAL QC H3A 3K3
Tel: N/A
Website: https://www.laurentianbank.ca
IR: See website
Key People
Rania Llewellyn
President, Chief Executive Officer, Director
Bindu Cudjoe
Chief Legal Officer, Corporate Secretary
Yvan Deschamps
Chief Financial Officer, Executive Vice President
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 - Personal Banking
Yves Denomme
Executive Vice President - Operations
Kelsey Gunderson
Executive Vice President, Capital Markets of the Bank President and Chief Executive Officer, Laurentian Bank Securities Inc
Adam Swinemar
Senior Vice President - Digital Banking
   
Business Overview
Laurentian Bank of Canada (the Bank) is a diversified financial services provider. The Bank operates primarily across Canada and in the United States. Its segments include Personal segment, Business Services segment and Capital Markets 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, 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 Capital Markets 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 three months ended 31 January 2022, Laurentian Bank of Canada interest income decreased 5% to C$311M. Net interest income after loan loss provision increased 10% to C$171.5M. Net income applicable to common stockholders increased 22% to C$50.9M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% increase of 2% to 1.88%, Securities increase of 2% to C$12M, Deposits with banks increase of 31% to C$561K.
Employees: 2,800 as of Oct 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $19,503M as of Jan 31, 2022
Annual revenue (TTM): $1,238M as of Jan 31, 2022
EBITDA (TTM): $358.90M as of Jan 31, 2022
Net annual income (TTM): $54.02M as of Jan 31, 2022
Free cash flow (TTM): $309.43M as of Jan 31, 2022
Net Debt Last Fiscal Year: $17,730M as of Jan 31, 2022
Shares outstanding: 43,205,850 as of May 5, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization