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Laurentian Bank (TSE:LB)
TSX:LB
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.77Last Year’s EPS
0.91Same Quarter Last Year
Moderate Sell
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 05, 2018
|% Change Since: 2.22%
|Next Earnings Date:Sep 04, 2018
Earnings Call Sentiment|Neutral
The call reflects a mixed sentiment with strategic achievements and growth in specific areas like inventory financing, stability in capital, and effective risk management. However, it is offset by challenges like declining revenue, deteriorating efficiency ratios, and commercial loan volume challenges. The bank remains focused on long-term strategic goals, streamlining operations, and maintaining a strong liquidity position.Company Guidance
During the Laurentian Bank's Q4 2024 earnings call, the executives provided guidance on the bank's strategic and financial outlook. The bank reported a total revenue of $1.02 billion for 2024, with a net loss of $5.5 million on a reported basis, and an adjusted net income of $168.7 million or $3.57 per share. The adjusted efficiency ratio increased by 300 basis points year-over-year, driven by strategic investments and lower loan volumes. Looking forward, the bank expects its commercial loan mix to increase in the latter part of 2025, which should positively impact the net interest margin. The provision for credit losses (PCLs) is projected to remain in the high teens for 2025. The bank plans to continue investing in technology and operational efficiency to meet its medium-term financial targets, including achieving an efficiency ratio at or below 60% and a return on equity (ROE) of at least 10%. The bank's liquidity coverage ratio remains at the high end of the industry, and capital levels are strong, supporting future asset growth when economic conditions improve.Strategic Shift and Business Streamlining
Laurentian Bank introduced a strategic plan focusing on areas with scale, resulting in successful divestiture of Laurentian Bank Securities retail activities and streamlining of the organizational structure.
Inventory Financing Business Growth
Onboarded over 350 new dealers, a 6% increase year-over-year, expanding reach across North America.
Stable Capital and Liquidity Position
Maintained a solid liquidity coverage ratio and stable CET1 ratio at 10.9%, positioning well for future growth.
Low Loan Loss Provisions
Provision for credit losses decreased by $6.3 million year-over-year and $5.8 million sequentially, with PCLs at 12 basis points, reflecting strong risk management.
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TSE:LB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:LB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 06, 2024 | C$28.55 | C$30.07 | +5.34% |
| Aug 30, 2024 | C$26.06 | C$24.95 | -4.26% |
| May 30, 2024 | C$25.18 | C$25.35 | +0.64% |
| Feb 29, 2024 | C$25.07 | C$24.64 | -1.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Laurentian Bank (TSE:LB) report earnings?
Laurentian Bank (TSE:LB) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Laurentian Bank (TSE:LB) earnings time?
Laurentian Bank (TSE:LB) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:LB EPS forecast?
TSE:LB EPS forecast for the fiscal quarter 2025 (Q1) is 0.77.
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