Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Join Canadian Insider Club or Club Ultra to Keep Your Edge

Times are changing, ad revenues are plunging, and Canadian data costs have jumped.

Starting this summer, we will be limiting Canadian company page views to 10 per month for non-members.

Canadian Insider Club members will continue to get Google ad-free and unlimited access to canadianinsider.com.

Join the club to keep your edge! For a limited time, use coupon code SAVE99 to save $99* off a Canadian Insider Club Membership.

*Save $99 on the first year of a new Canadian Insider Club or Canadian Insider Club Ultra membership. Subsequent auto-renewals will be at the standard rate unless canceled. Limited time offer.

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
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