Laurentian Bank reports $37.5 million Q3 profit as revenue down from last year
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MONTREAL – Laurentian Bank of Canada says it had a net income of $37.5 million in the third quarter, up from a profit of $34.1 million in the same quarter last year.
The Montreal-based bank says earnings worked out to 73 cents per share for the quarter ending July 31, an increase from 67 cent per share last year.
Laurentian says total revenue for the quarter was $246.8 million, down from $256.5 million last year.
The bank says its adjusted net income came to $39.6 million, or 78 cents per share, down from $43.1 million, or 88 cents per share in the same quarter last year.
Analysts on average had expected an adjusted profit of 73 cents per share, according to LSEG Data & Analytics.
The bank’s provisions for credit loss totalled $11.1 million in the quarter, compared with $16.3 million in the same quarter last year.
This report by The Canadian Press was first published Aug. 29, 2025.
Companies in this story: (TSX:LB)
