Laurentian Bank of Canada (LRCDF)

Laurentian Bank of Canada Income Statement

Financials in millions CAD. Fiscal year is November - October.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jul 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Interest Income on Loans	2,148	2,088	1,336	1,118	1,289	1,440
Interest Income on Investments	197.21	184.66	138.03	135.15	133.4	116.28
Total Interest Income	2,345	2,273	1,474	1,253	1,422	1,556
Interest Paid on Deposits	1,046	969.38	467.81	364.29	532.06	638.39
Interest Paid on Borrowings	570.09	557.45	273.21	196.68	207.77	231.58
Total Interest Expense	1,617	1,527	741.02	560.97	739.83	869.97
Net Interest Income	728.53	746.32	733.34	692.34	682.42	686.41
Net Interest Income Growth (YoY)	-2.51%	1.77%	5.92%	1.45%	-0.58%	-2.76%
Other Non-Interest Income	286.36	279.19	300.9	310.12	288.59	282.1
Total Non-Interest Income	286.36	279.19	300.9	310.12	288.59	282.1
Non-Interest Income Growth (YoY)	-0.55%	-7.22%	-2.97%	7.46%	2.30%	-16.41%
Revenues Before Loan Losses	1,015	1,026	1,034	1,002	971.01	968.51
Provision for Loan Losses	67.78	61.61	56.88	49.5	116.3	44.4
Revenue	947.1	963.9	977.36	952.96	854.71	924.11
Revenue Growth (YoY)	-2.60%	-1.38%	2.56%	11.49%	-7.51%	-7.53%
Salaries and Employee Benefits	379.76	380.66	383.96	338.01	377.51	338.69
Occupancy Expenses	186.86	178.23	164.15	171.41	173.73	149.55
Selling, General & Administrative	28.59	29.29	18	53.99	19.83	66.51
Other Non-Interest Expense	158.64	141.22	132.57	125.11	145.07	160.52
Total Non-Interest Expense	753.84	729.39	698.67	688.52	716.14	715.27
EBT Excluding Unusual Items	193.27	234.51	278.68	264.44	138.57	208.84
Asset Writedown	-72	-	-2.99	-154.61	-	-
Pretax Income	-34.59	210.41	275.7	72.6	120.28	196.17
Income Tax Expense	-19.06	29.33	49.11	15.53	6.2	23.46
Net Income	-15.54	181.09	226.58	57.07	114.09	172.71
Preferred Dividends & Other Adjustments	11.78	11.78	11.78	12.27	12.47	12.97
Net Income to Common	-27.32	169.31	214.8	44.8	101.62	159.74
Net Income Growth	-	-20.08%	297.03%	-49.98%	-33.94%	-23.12%
Basic Shares Outstanding	44	43	43	43	43	42
Diluted Shares Outstanding	44	43	43	43	43	42
Shares Change (YoY)	0.72%	0.16%	-0.16%	1.29%	1.35%	2.61%
EPS (Basic)	-0.62	3.89	4.96	1.03	2.37	3.78
EPS (Diluted)	-0.62	3.89	4.95	1.03	2.37	3.77
EPS Growth	-	-21.41%	380.58%	-56.51%	-37.18%	-26.08%
Dividend Per Share	1.880	1.860	1.780	1.600	2.140	2.620
Dividend Growth	2.17%	4.49%	11.25%	-25.23%	-18.32%	3.15%
Effective Tax Rate	-	13.94%	17.81%	21.39%	5.15%	11.96%

Source: S&P Capital IQ. Banks template. Financial Sources.