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Laurentian Bank reports its 2014 results and increases dividend by 4%
  MONTREAL , Dec. 10, 2014 /CNW Telbec/ - Highlights of the fourth q...
About this update from Laurentian Bank Of Canada
[{"type":"text","content":"\n\n\n \n\n\nMONTREAL, Dec. 10, 2014 /CNW Telbec/ -\n\n\n\n\n\n\n\nThe Bank's Annual Report, which includes the Audited Annual Consolidated\n Financial Statements and accompanying Management's Discussion and\n Analysis for 2014, will also be available today on the Bank's website\n at www.laurentianbank.ca.\n\n\n\n\n\nHighlights of the fourth quarter of 2014 \n\n\n\nStrong earnings growth\n\n\nStrong credit performance, with low loan losses of $10.5 million\n\n\nLong term credit rating upgraded to A (low) by DBRS\n\n\nQuarterly common share dividend raised by $0.02 to $0.54 per share\n\n\nRestructuring charges of $7.6 million or $0.19 per share\n\n\n\n\n\n \n\n\nNET INCOME\n(IN MILLIONS OF $)\n\n\n \n\n\nDILUTED EARNINGS\nPER SHARE\n\n\n \n\n\nRETURN ON COMMON\nSHAREHOLDERS'\nEQUITY\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nReported basis\n\n\n$33.8\n\n\n \n\n\n$1.09\n\n\n \n\n\n9.5%\n\n\n\n\nAdjusted basis1\n\n\n$42.6\n\n\n \n\n\n$1.39\n\n\n \n\n\n12.2%\n\n\n\n\n\nHighlights of the year ended October 31, 2014\n\n\n\nRecord adjusted net income\n\n\nPositive adjusted operating leverage of 2.4% year-over-year\n\n\nExcellent credit quality as evidenced by loan losses of $42.0 million or\n 0.15% of average loans\n\n\nSolid growth in the commercial loan portfolio including BAs, up 15%\n year-over-year\n\n\nSuccessful completion of integration of acquired companies with expense\n synergies realized\n\n\n\n\n\n \n\n\nNET INCOME\n(IN MILLIONS OF $)\n\n\n \n\n\nDILUTED EARNINGS\nPER SHARE\n\n\n \n\n\nRETURN ON COMMON\nSHAREHOLDERS'\nEQUITY\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nReported basis\n\n\n$140.4\n\n\n \n\n\n$4.50\n\n\n \n\n\n10.1%\n\n\n\n\nAdjusted basis1\n\n\n$163.6\n\n\n \n\n\n$5.31\n\n\n \n\n\n11.9%\n\n\n\n\n\n\n\n\n\n________________________________\n\n\n\n\n1 \n\n\nCertain analyses presented throughout this document are based on the\n Bank's core activities and therefore exclude items related to business\n combinations and restructuring charges designated as adjusting items.\n Refer to the Adjusting Items and Non-GAAP Financial Measures sections\n for further details.\n\n\n\n\n \n\n\nLaurentian Bank of Canada reported adjusted net income of $42.6 million...