Laurentian Bank of Canada Reports Q2 2026 Results
Laurentian Bank of Canada held its second-quarter earnings call on Friday. The bank reported revenue growth alongside lower net income and outlined progress on two pending transactions.
finance.yahoo.comLaurentian Bank of Canada discussed its second-quarter financial results during an earnings call held on Friday. 7 million. 4 percent.
6 million.
Diluted earnings per share declined 37 percent over the same period. The provision for credit losses increased to 31 basis points. Management attributed the rise to a single large commercial exposure in an industry the bank has exited.
The bank reported continued progress on previously announced transactions with National Bank and Firestone. Both deals remain subject to regulatory approvals and other closing conditions. Management stated that the Competition Act approval condition for both transactions has been satisfied. Closings are still expected by the end of 2026.
Key Facts
Story Timeline
3 events- Friday
Laurentian Bank of Canada held its Q2 2026 earnings call.
1 sourceBenzinga - Q2 2026
Revenue reached $213.7 million, up 12 percent year-over-year.
1 sourceBenzinga - Q2 2026
Net income fell 33 percent to $22.6 million.
1 sourceBenzinga
Potential Impact
- 01
Portfolio migration work will continue through the remainder of 2026.
- 02
Additional transaction-related charges are expected in the third quarter.
Transparency Panel
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