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Laurentian Bank (LRCDF)
:LRCDF
Earnings Data
Report Date
May 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.53Last Year’s EPS
0.62Same Quarter Last Year
Moderate Sell
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 28, 2025
|% Change Since: -3.54%
|Next Earnings Date:May 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment with notable achievements in loan growth, strategic partnerships, and operational improvements, but challenges persist in revenue decline, high efficiency ratios, and increased impaired loans.Company Guidance
In the Laurentian Bank's first-quarter earnings call for 2025, the bank reported a 3.6% quarter-over-quarter growth in commercial loans, primarily driven by inventory and equipment financing, leading to a 48% concentration of commercial assets. The net interest margin (NIM) increased by 8 basis points to 1.85%, benefiting from this growth. The bank's total revenue was CAD249.6 million, with a net income of CAD38.6 million and a diluted EPS of CAD0.76 on a reported basis. Adjusted net income was CAD39.5 million with an EPS of CAD0.78, reflecting a 14% year-over-year decrease. The efficiency ratio stood at over 74%, with expectations of elevated expenses continuing due to strategic investments. The loan portfolio showed a 45% utilization rate for inventory financing, below historical levels, with a projected gradual normalization by the end of 2025. The bank maintained a CET1 ratio of 10.9%, supported by CAD800 million in increased deposits, and projected a slight downturn in revenue and NIM for the second quarter due to the shorter quarter and non-recurring factors.Positive Loan Growth
Laurentian Bank reported a 3.6% loan growth in commercial loans quarter-over-quarter, primarily driven by inventory and equipment financing specialties.
Net Interest Margin Increase
Net interest margin (NIM) grew by 8 basis points to 1.85% due to favorable loan repricing and an improved business mix from increased commercial loan volumes.
Strong Capital and Liquidity Position
The bank maintained a stable CET1 ratio at 10.9% and a healthy liquidity coverage ratio, which remains at the high end of the industry.
Strategic Partnership with Yanmar America
Northpoint Commercial Finance partnered with Yanmar America to provide exclusive floor plan dealer financing, aligning with diversification strategies in agriculture and small construction industries.
Successful Mainframe Upgrade
A comprehensive mainframe upgrade was completed, enhancing operational resiliency and laying the groundwork for future efficiency gains.
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LRCDF 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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LRCDF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 28, 2025 | $19.22 | $18.54 | -3.54% |
| Dec 06, 2024 | $20.36 | $21.27 | +4.47% |
| Aug 30, 2024 | $19.37 | $18.53 | -4.34% |
| May 30, 2024 | $18.38 | $18.52 | +0.76% |
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 (LRCDF) report earnings?
Laurentian Bank (LRCDF) is schdueled to report earning on May 30, 2025, TBA Not Confirmed.
What is Laurentian Bank (LRCDF) earnings time?
Laurentian Bank (LRCDF) earnings time is at May 30, 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 LRCDF EPS forecast?
LRCDF EPS forecast for the fiscal quarter 2025 (Q2) is 0.53.
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