Business
Laurentian Bank of Canada reports second quarter 2026 results
Consistent with the strategic context established in the first quarter of 2026, Laurentian Bank of Canada reported a net loss of $20.6 million and a diluted loss per share of $0.50 for the second quarter of 2026, compared with net income of $32.3 million and diluted earnings per share of $0.69 for the second quarter of 2025. Return on common shareholders' equity(1) was negative 3.7% for the second quarter of 2026, compared with 4.9% for the second quarter of 2025. Of note, reported results for t
About this update from Laurentian Bank Of Canada
[{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;","val":[{"type":"text","content":"The financial information reported herein is based on the condensed interim consolidated (unaudited) information for the three-month and six-month periods ended April 30, 2026 and has been prepared in accordance with IFRS Accounting Standards, as issued by the International Accounting Standards Board (IASB). All amounts are denominated in Canadian dollars. The Laurentian Bank of Canada and its entities are collectively referred to as "Laurentian Bank" or the "Bank" and provide deposit, investment, loan, securities, trust and other products or services.","length":578,"tagName":"p","attribs":{}}]}]}],"length":578},{"type":"text","content":"MONTREAL, May 29, 2026 /CNW/ - Consistent with the strategic context established in the first quarter of 2026, Laurentian Bank of Canada reported a net loss of $20.6 million and a diluted loss per share of $0.50 for the second quarter of 2026, compared with net income of $32.3 million and diluted earnings per share of $0.69 for the second quarter of 2025. Return on common shareholders' equity(1) was negative 3.7% for the second quarter of 2026, compared with 4.9% for the second quarter of 2025. Of note, reported results for the second quarter of 2026 included adjusting items of $58.8 million ($43.2 million after income taxes), or $0.97 per share, related to the Transactions announced on December 2, 2025 (defined below). Refer to the Non-GAAP Financial and Other Measures section and to the Business Highlights section on pages 5 to 9 of the Bank's MD&A for additional information. Adjusted net income(2) was $22.6 million and adjusted diluted earnings per share(1) were $0.46 for the second quarter of 2026, compared with $34.0 million and $0.73 for the second quarter of 2025. Adjusted return on common shareholders' equity(1) was 3.4% for the second quarter of 2026, compared with 5.2% for the second quarter of 2025.","length":1255,"tagName":"p"},{"type":"image","alt":"Laurentian Bank of Canada Logo","displaySize":"","headline":null,"caption":"Laurentian Bank of Canada Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":154,"url":"https://media.zenfs.com/en/cnwgr...