Laurentian Bank of Canada (TSX:LB)

Laurentian Bank of Canada Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Interest Income on Loans	2,067	2,113	2,088	1,336	1,118	1,289
Interest Income on Investments	172.92	185.57	184.66	138.03	135.15	133.4
Total Interest Income	2,240	2,299	2,273	1,474	1,253	1,422
Interest Paid on Deposits	988.38	1,024	969.38	467.81	364.29	532.06
Interest Paid on Borrowings	531.02	555.58	557.45	273.21	196.68	207.77
Total Interest Expense	1,519	1,579	1,527	741.02	560.97	739.83
Net Interest Income	720.46	719.51	746.32	733.34	692.34	682.42
Net Interest Income Growth (YoY)	-3.22%	-3.59%	1.77%	5.92%	1.45%	-0.58%
Gain (Loss) on Sale of Assets	14.83	13.96	-	-	-	-
Other Non-Interest Income	274.21	284.74	279.19	300.9	310.12	288.59
Total Non-Interest Income	289.05	298.7	279.19	300.9	310.12	288.59
Non-Interest Income Growth (YoY)	3.48%	6.99%	-7.22%	-2.97%	7.46%	2.30%
Revenues Before Loan Losses	1,010	1,018	1,026	1,034	1,002	971.01
Provision for Loan Losses	59.83	61.55	61.61	56.88	49.5	116.3
Revenue	949.68	956.66	963.9	977.36	952.96	854.71
Revenue Growth (YoY)	-1.15%	-0.75%	-1.38%	2.56%	11.49%	-7.51%
Salaries and Employee Benefits	367.88	373.5	380.66	383.96	338.01	377.51
Occupancy Expenses	186.53	187.68	178.23	164.15	171.41	173.73
Selling, General & Administrative	33.38	33.28	29.29	18	53.99	19.83
Other Non-Interest Expense	155.86	155.99	141.22	132.57	125.11	145.07
Total Non-Interest Expense	743.64	750.46	729.39	698.67	688.52	716.14
EBT Excluding Unusual Items	206.03	206.2	234.51	278.68	264.44	138.57
Asset Writedown	-73.34	-72	-	-2.99	-154.61	-
Pretax Income	-18.34	-22.22	210.41	275.7	72.6	120.28
Income Tax Expense	-14.15	-16.72	29.33	49.11	15.53	6.2
Net Income	-4.18	-5.5	181.09	226.58	57.07	114.09
Preferred Dividends & Other Adjustments	13.07	12.43	11.78	11.78	12.27	12.47
Net Income to Common	-17.26	-17.93	169.31	214.8	44.8	101.62
Net Income Growth	-	-	-20.08%	297.03%	-49.98%	-33.94%
Basic Shares Outstanding	44	44	43	43	43	43
Diluted Shares Outstanding	44	44	43	43	43	43
Shares Change (YoY)	0.79%	0.79%	0.16%	-0.16%	1.29%	1.35%
EPS (Basic)	-0.39	-0.41	3.89	4.96	1.03	2.37
EPS (Diluted)	-0.39	-0.41	3.89	4.95	1.03	2.37
EPS Growth	-	-	-21.41%	380.58%	-56.51%	-37.18%
Dividend Per Share	1.880	1.880	1.860	1.780	1.600	2.140
Dividend Growth	0.53%	1.08%	4.49%	11.25%	-25.23%	-18.32%
Effective Tax Rate	-	-	13.94%	17.81%	21.39%	5.15%

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