Laurentian Bank Of Canada · TSX:LB
Laurentian Bank Of Canada — Q2 2026 Earnings Presentation
23 slides from Laurentian Bank Of Canada's earnings presentation, May 29, 2026
Slide 1: Investor Presentation Second Quarter 2026
Investor Presentation Second Quarter 2026 May 29th, 2026
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures Caution Regarding Forward-Looking Statements (which has resulted in or in which could lead to the Bank being subject to various legal and regulatory proceedings, the potential outcome of which could include regulatory restrictions, and order
Slide 3: Introduction
Éric Provost President & Chief Executive Officer Introduction
Slide 4: Introduction | Q2/26 Results Highlights
Introduction | Q2/26 Results Net Income (Loss) Diluted EPS (Loss) Highlights Adjusted(1) $22.6MM Adjusted(2) $0.46 Reported -$20.6MM Reported -$0.50 • Recorded $43.2MM of after-tax ROE Efficiency Ratio adjusting items related to the Adjusted(2) 3.4% Adjusted(2) 77.6% Reported(2) -3.7% Reported(3) 10
Slide 5: Financial Review
Yvan Deschamps Executive Vice President & Chief Financial Officer Financial Review
Slide 6: Adjusting Items
Financial Review | Adjusting Items Q2/26 In $MM(1) Pre-Tax After-Tax Impact Impact Impact ($ / Share) Severance and employee benefits $17.5 $12.9 $0.29 Highlights Accelerated amortization of software and other intangible assets $10.6 $7.8 $0.17 • All of the adjusting items are related to the transac
Slide 7: Q2/26 Financial Results
Financial Review | Q2/26 Financial Results Reported ($MM) Q2/26 Y/Y Q/Q Y/Y Highlights • Adjusted total revenue decreased by $6.4MM, due to a decrease of $9.2MM in Total revenue $ 213.7 -12% -15% adjusted other income, partially offset by an increase of $2.8MM in net interest Provision for credit lo
Slide 8: Net Interest Income and Net Interest Margin
Financial Review | Net Interest Income and Net Interest Margin Net Interest Income and Margin ($MM, %) Key Assets ($B)(1) Q2/26 Y/Y Q/Q Liquid assets(2) $ 12.6 —% +2% 1.85% 1.82% 1.79% 1.89% 1.84% Personal loans $ 2.0 -2% +1% Residential mortgage loans $ 15.6 -3% -2% Commercial loans $ 18.3 +5% -2%
Slide 9: Optimizing Funding Structure and Costs
Financial Review | Optimizing Funding Structure and Costs Funding ($B)(1)(2) Y/Y Highlights Total funding increased by $0.7B, explained by: 41.3 41.6 40.9 • Deposits up $0.5B mainly from Advisors and Brokers, partly 2.8 2.8 offset by partnership deposits 2.9 Shareholders' equity 0.3 0.3 0.3 • Cost-e
Slide 10: Other Income
Financial Review | Other Income Other Income ($MM)(1) Q2/26 Y/Y Q/Q Y/Y Highlights Income from mutual funds $ 10.8 +5% -3% • Reported other income decreased by $31.7MM, mainly due to the net loss on the Syndicated Loan Transaction and lower income from Income from financial instruments $ 6.1 -61% -4
Slide 11: Non-Interest Expenses (NIE)
Financial Review | Non-Interest Expenses (NIE) NIE ($MM)(1) Q2/26 Y/Y Q/Q Y/Y Highlights • Reported NIE increased by $35.0MM, driven by restructuring, Salaries and employee benefits $ 91.0 -2% -11% impairment charges, transaction and conversion costs related to Premises and technology $ 54.2 +5% -1%
Slide 12: Strong Capital Position
Financial Review | Strong Capital Position Common Equity Tier 1 Capital Ratio (CET1)(1)(2) Risk-Weighted Assets (RWA) ($B)(1)(2) 11.3% 11.3% 11.0% 10.9% 11.0% 20.9 20.5 20.7 21.1 20.6 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Evolution of the CET1 Ratio (%)(2) Y/Y Highlights • CET1
Slide 13: Strong and Diversified Commercial Loan Portfolio
Financial Review | Strong and Diversified Commercial Loan Portfolio(1) Commercial Loan Portfolio ($B)(2) Pan-Canadian Portfolio and U.S. Presence (as at April 30, 2026) 18.6 18.3 17.5 Quebec Commercial Lending 4.5 4.7 4.5 Inventory financing 26% Ontario 2.0 2.0 Equipment financing 2.0 Alberta & Prai
Slide 14: Diversified Inventory Financing Portfolio
Financial Review | Diversified Inventory Financing Portfolio Inventory Finance Overview Inventory Finance Main Product Lines (as at April 30, 2026) • 7,000+ dealers in the U.S. and Canada Marine 11% 6% Recreational Vehicle • $900,000 average dealer line utilization(1) 11% 38% Trailer Power Sports Ma
Slide 15: Strong Commercial Real Estate Portfolio
Financial Review | Strong Commercial Real Estate Portfolio(1) Commercial Real Estate Portfolio (as at April 30, 2026) Portfolio Overview Insured Term Loans – Multi- • >67% of our portfolio is residential: 61% Multi-Residential Residential and 6% Condos • Loan to Value (LTV) on uninsured multi-reside
Slide 16: High Quality Residential Mortgage Loan Portfolio
Financial Review | High Quality Residential Mortgage Loan Portfolio(1) Insured vs Uninsured Pan-Canadian Portfolio (as at April 30, 2026) 11% 12% 6% 13% 10% Quebec 26% 24% 25% Alt-A 29% Ontario Conventional 17% Alberta & Prairies British Columbia 61% 65% 63% Insured Atlantic Provinces 38% Q2/25 Q1/2
Slide 17: Allowances for Credit Losses
Financial Review | Allowances for Credit Losses(1) Allowances for Credit Losses (ACL) ($MM)(2) Y/Y Highlights • ACL decreased by $22.9MM, from lower allowances on performing 204.3 and impaired loans 189.9 188.8 192.6 181.4 74.8 68.8 76.2 78.1 Q/Q Highlights 69.0 • ACL decreased by $11.2MM, mainly fr
Slide 18: Provision for Credit Losses
Financial Review | Provision for Credit Losses Provision for Credit Losses (PCL) ($MM)(1) Y/Y Highlights • PCL increased by $10.2MM, primarily driven by higher provisions on 18.0 26.9 impaired commercial loans 11.1 1.6 16.7 16.5 • PCL as a % of average total loans(2)(3) increased by 12 bps 2.3 26.8
Slide 19: Impaired Loans
Financial Review | Impaired Loans(1) Gross Impaired Loans ($MM, bps)(2) Net Impaired Loans ($MM, bps)(2) 115 117 118 94 98 97 96 100 81 419.5 425.9 350.6 349.7 75 408.2 5.1 333.4 6.8 7.3 5.0 4.3 2.9 55.1 56.2 350.8 357.6 51.6 52.6 288.6 48.0 44.8 272.7 2.3 5.5 4.0 3.5 57.5 52.8 49.4 54.0 353.4 357.0
Slide 20: Appendices
sit Appendices
Slide 21: Appendices | Adjusting Items
Appendices | Adjusting Items Q2/26 Q1/26 Q2/25 In $MM(1) Pre-Tax After-Tax Impact Pre-Tax After-Tax Impact Pre-Tax After-Tax Impact Impact Impact ($ / Share) Impact Impact ($ / Share) Impact Impact ($ / Share) Severance and employee benefits $17.5 $12.9 $0.29 $11.4 $8.4 $0.19 $2.2 $1.6 $0.04 Acceler
Slide 22: Appendices | Non-GAAP Financial Measures
Appendices | Non-GAAP Financial Measures In $MM(1) Q2/26 Q1/26 Q2/25 Total revenue $213.7 $251.6 $242.5 Net loss on the Syndicated Loan Transaction(2) 22.5 — — Adjusted total revenue $236.2 $251.6 $242.5 Income (loss) before income taxes -$32.7 -$32.3 $41.3 Provision for credit losses 26.9 16.5 16.7
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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