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	Apr 30, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Interest Income on Loans	2,011	2,113	2,088	1,336	1,118	1,289
Interest Income on Investments	165.59	185.57	184.66	138.03	135.15	133.4
Total Interest Income	2,177	2,299	2,273	1,474	1,253	1,422
Interest Paid on Deposits	955.5	1,024	969.38	467.81	364.29	532.06
Interest Paid on Borrowings	498.51	555.58	557.45	273.21	196.68	207.77
Total Interest Expense	1,454	1,579	1,527	741.02	560.97	739.83
Net Interest Income	723.03	719.51	746.32	733.34	692.34	682.42
Net Interest Income Growth (YoY)	-2.28%	-3.59%	1.77%	5.92%	1.45%	-0.58%
Gain (Loss) on Sale of Assets	14.83	13.96	-	-	-	-
Other Non-Interest Income	261.56	284.74	279.19	300.9	310.12	288.59
Total Non-Interest Income	276.4	298.7	279.19	300.9	310.12	288.59
Non-Interest Income Growth (YoY)	-1.05%	6.99%	-7.22%	-2.97%	7.46%	2.30%
Revenues Before Loan Losses	999.43	1,018	1,026	1,034	1,002	971.01
Provision for Loan Losses	58.59	61.55	61.61	56.88	49.5	116.3
Revenue	940.84	956.66	963.9	977.36	952.96	854.71
Revenue Growth (YoY)	-1.42%	-0.75%	-1.38%	2.56%	11.49%	-7.51%
Salaries and Employee Benefits	361.03	373.5	380.66	383.96	338.01	377.51
Occupancy Expenses	188.2	187.68	178.23	164.15	171.41	173.73
Selling, General & Administrative	33.18	33.28	29.29	18	53.99	19.83
Other Non-Interest Expense	153.96	155.99	141.22	132.57	125.11	145.07
Total Non-Interest Expense	736.36	750.46	729.39	698.67	688.52	716.14
EBT Excluding Unusual Items	204.47	206.2	234.51	278.68	264.44	138.57
Asset Writedown	-	-72	-	-2.99	-154.61	-
Pretax Income	174.65	-22.22	210.41	275.7	72.6	120.28
Income Tax Expense	28.95	-16.72	29.33	49.11	15.53	6.2
Net Income	145.7	-5.5	181.09	226.58	57.07	114.09
Preferred Dividends & Other Adjustments	13.72	12.43	11.78	11.78	12.27	12.47
Net Income to Common	131.97	-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)	0.88%	0.79%	0.16%	-0.16%	1.29%	1.35%
EPS (Basic)	3.00	-0.41	3.89	4.96	1.03	2.37
EPS (Diluted)	2.99	-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	-	1.07%	4.49%	11.25%	-25.23%	-18.32%
Effective Tax Rate	16.58%	-	13.94%	17.81%	21.39%	5.15%

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.