Laurentian Bank Of Canada · TSX:LB
Laurentian Bank Of Canada — Q4 2025 Earnings Presentation
23 slides from Laurentian Bank Of Canada's earnings presentation, Dec 5, 2025
Slide 1: Investor Presentation Fourth Quarter 2025
Investor Presentation Fourth Quarter 2025 December 5th, 2025
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures Caution Regarding Forward-Looking Statements From time to time, Laurentian Bank of Canada and, as applicable its subsidiaries (collectively referred to as the Bank) will make written or oral (which has resulted in or in which could lead to t
Slide 3: Éric Provost, President & Chief Executive Officer
Éric Provost President & Chief Executive Officer Introduction
Slide 4: Introduction | Financial Results
Introduction | Financial Results FY25 Q4/25 Net Income EPS Net Income EPS Adjusted(1) $147.2MM Adjusted(2) $3.00 Adjusted(1) $34.2MM Adjusted(2) $0.73 Reported $139.9MM Reported $2.84 Reported $31.5MM Reported $0.66 ROE Efficiency Ratio ROE Efficiency Ratio Adjusted(2) 5.2% Adjusted(2) 75.2% Adjuste
Slide 5: Yvan Deschamps, Executive Vice President & CFO: Financial Review
Yvan Deschamps Executive Vice President & Chief Financial Officer Financial Review
Slide 6: FY25 Financial Results
Financial Review | FY25 Financial Results Reported ($MM) FY25 Y/Y Y/Y Highlights Total revenue $ 983.7 -3% • Adjusted total revenue declined by $21.5MM, attributed to a decline in adjusted other income by $38.9MM, offset by an increase in NII by Provision for credit losses (PCL) $ 61.0 -1% $17.4MM d
Slide 7: Q4/25 Financial Results
Financial Review | Q4/25 Financial Results Reported ($MM) Q4/25 Y/Y Q/Q Y/Y Highlights Total revenue $ 244.7 -2% -1% • Adjusted total revenue increased by $7.9MM, mainly due to an improvement of NII due to changes in the Bank’s business mix and growth of average Provision for credit losses (PCL) $ 1
Slide 8: Net Interest Income and Net Interest Margin
Financial Review | Net Interest Income and Net Interest Margin Net Interest Income and Margin ($MM, %) Key Assets ($B) Q4/25 Y/Y Q/Q Liquid assets(1) $ 13.1 +17% -1% 1.77% 1.85% 1.85% 1.82% 1.79% Personal loans $ 2.0 -6% -1% Residential mortgage loans $ 16.1 -2% -1% Commercial loans $ 17.9 +8% +2% 1
Slide 9: Optimizing Funding Structure and Costs
Financial Review | Optimizing Funding Structure and Costs Funding ($B)(1) Y/Y Highlights Total funding increased by $1.5B, explained by: 41.4 41.3 39.8 • Deposits up $0.8B mainly from Advisors and Brokers, partly 2.9 2.9 Shareholders' equity offset by partnership deposits and the maturity of Senior
Slide 10: Other Income
Financial Review | Other Income Other Income ($MM)(1) Q4/25 Y/Y Q/Q Y/Y Highlights Income from financial instruments $ 14.1 -2% -11% • Reported other income decreased by $14.8MM to $62.1MM, compared with $76.9MM. The decrease was essentially due to a Income from mutual funds $ 11.1 +7% +6% $14.0MM g
Slide 11: Non-Interest Expenses (NIE)
Financial Review | Non-Interest Expenses (NIE) NIE ($MM)(1) Q4/25 Y/Y Q/Q Y/Y Highlights • Reported NIE decreased by $5.6MM, mainly from lower impairment Salaries and employee benefits $ 94.5 +8% -2% and restructuring charges Premises and technology $ 54.5 +4% +1% • Adjusted NIE increased by $7.4MM,
Slide 12: Strong Capital Position
Financial Review | Strong Capital Position Common Equity Tier 1 Capital Ratio (CET1)(1) Risk-Weighted Assets (RWA) ($B)(1) 11.3% 11.3% 10.9% 10.9% 11.0% 20.9 21.2 20.9 20.5 20.7 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Evolution of the CET1 Ratio (%)(2) Y/Y Highlights 0.2 • CET1 r
Slide 13: Strong and Diversified Commercial Loan Portfolio
Financial Review | Strong and Diversified Commercial Loan Portfolio Commercial Loan Portfolio ($B)(1) Pan-Canadian Portfolio and U.S. Presence (as at October 31, 2025) 17.6 17.9 16.6 Quebec Commercial Lending 4.1 4.2 25% Ontario 3.8 Inventory financing 2.1 2.1 Equipment financing Alberta & Prairies
Slide 14: Diversified Inventory Financing Portfolio
Financial Review | Diversified Inventory Financing Portfolio Inventory Finance Overview Inventory Finance Main Product Lines (as at October 31, 2025) • 6,500+ dealers in the U.S. and Canada Marine 12% Recreational Vehicle 7% • $800,000 average dealer line utilization(1) 36% Trailer 10% Power Sports
Slide 15: Strong Commercial Real Estate Portfolio
Financial Review | Strong Commercial Real Estate Portfolio Commercial Real Estate Portfolio (as at October 31, 2025) Portfolio Overview Insured Term Loans – Multi- • >69% of our portfolio is residential: 60% Multi-Residential Residential and 9% Condos • Loan to Value (LTV) on uninsured multi-residen
Slide 16: High Quality Residential Mortgage Loan Portfolio
Financial Review | High Quality Residential Mortgage Loan Portfolio Insured vs Uninsured Pan-Canadian Portfolio (as at October 31, 2025) 13% 12% 12% 6% 10% Quebec 27% 26% 25% Alt-A 30% Ontario Conventional 16% Alberta & Prairies British Columbia 60% 62% 63% Insured Atlantic Provinces 38% Q4/24 Q3/25
Slide 17: Allowances for Credit Losses
Financial Review | Allowances for Credit Losses Allowances for Credit Losses (ACL) ($MM) Y/Y Highlights • ACL decreased by $15.0MM, mainly from lower allowances on 203.8 206.9 204.3 performing loans, partially offset by an increase in allowances on 189.9 188.8 impaired loans 69.6 78.5 74.8 68.8 76.2
Slide 18: Provision for Credit Losses
Financial Review | Provision for Credit Losses Provision for Credit Losses (PCL) ($MM)(1) Y/Y Highlights • PCL increased by $7.6MM, mainly from higher provisions on impaired 18.0 15.2 loans partly offset by higher releases on performing loans 10.4 11.1 16.7 • PCL as a % of average loans increased by
Slide 19: Impaired Loans
Financial Review | Impaired Loans Gross Impaired Loans ($MM, bps)(1) Net Impaired Loans ($MM, bps)(1) 115 117 118 98 97 112 90 94 107 88 419.5 425.9 350.6 349.7 399.8 408.2 321.3 333.4 2.9 378.8 6.8 7.3 5.1 309.2 4.3 7.3 5.0 9.8 55.1 56.2 6.6 5.1 51.6 52.6 53.0 48.0 44.8 50.6 47.4 49.9 339.5 353.4 3
Slide 20: Appendices
sit Appendices
Slide 21: Appendices | Adjusting Items
Appendices | Adjusting Items Q4/25 Q3/25 Q4/24 2025 2024 Pre-Tax After- Impact Pre-Tax After- Impact Pre-Tax After- Impact Pre-Tax After- Impact Pre-Tax After- Impact In $MM(1) Impact Tax ($ / Impact Tax ($ / Impact Tax ($ / Impact Tax ($ / Impact Tax ($ / Impact Share) Impact Share) Impact Share) I
Slide 22: Appendices | Non-GAAP Financial Measures
Appendices | Non-GAAP Financial Measures In $MM(1) Q4/25 Q3/25 Q4/24 2025 2024 Total revenue $244.7 $246.8 $250.8 $983.7 $1,018.2 Profit on sale of assets under administration(2) — — -14.0 -0.9 -14.0 Adjusted total revenue $244.7 $246.8 $236.8 $982.8 $1,004.3 Income before income taxes $37.8 $45.9 $
Slide 23: Investor Relations Contact
Investor Relations Contact Raphael Ambeault Vice President, Finance and Investor Relations (514) 601-0944 Raphael.Ambeault@laurentianbank.ca www.laurentianbank.ca/en/about-us/investor-relations
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