Laurentian Bank Of Canada · TSX:LB
Laurentian Bank Of Canada — Q3 2025 Earnings Presentation
23 slides from Laurentian Bank Of Canada's earnings presentation, Aug 29, 2025
Slide 1: Investor Presentation Third Quarter 2025
Investor Presentation Third Quarter 2025 August 29, 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 Any forward-looking statements contained herein or
Slide 3: Introduction – Éric Provost, President & CEO
Éric Provost President & Chief Executive Officer Introduction
Slide 4: Q3/25 Results Highlights
Introduction | Q3/25 Results Net Income EPS Highlights Adjusted(1) $39.6MM Adjusted(2) $0.78 Reported $37.5MM Reported $0.73 ROE Efficiency Ratio • Maintained solid liquidity levels Adjusted(2) 5.4% Adjusted(2) 75.7% Reported(2) 5.0% Reported(3) 76.9% • Strong CET1 capital ratio PTPP Income Net Inte
Slide 5: Financial Review – Yvan Deschamps, CFO
Yvan Deschamps Executive Vice President & Chief Financial Officer Financial Review
Slide 6: Q3/25 Financial Results
Financial Review | Q3/25 Financial Results Y/Y Highlights Reported ($MM) Q3/25 Y/Y Q/Q • Total revenue declined by $9.7MM including lower other income from Total revenue $ 246.8 -4% +2% the sale of the retail investment broker divisions Provision for credit losses (PCL) $ 11.1 -32% -33% • Adjusted N
Slide 7: 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) Q3/25 Y/Y Q/Q Liquid assets(1) $ 13.2 +16% +4% 1.79% 1.77% 1.85% 1.85% 1.82% Personal loans $ 2.0 -9% -1% Residential mortgage loans $ 16.2 -1% +1% Commercial loans $ 17.6 +6% -% 18
Slide 8: Optimizing Funding Structure and Costs
Financial Review | Optimizing Funding Structure and Costs Funding ($B)(1) Y/Y Highlights Total funding increased by $1.6B 40.9 41.4 • Deposits up $1.0B mainly from Advisors and Brokers, partly 39.8 offset by partnership deposits as customers allocated funds 2.9 2.9 Shareholders' equity back into mar
Slide 9: Other Income
Financial Review | Other Income Other Income ($MM)(1) Q3/25 Y/Y Q/Q Y/Y Highlights • Other income decreased by $14.8MM mainly from lower fees and Income from financial instruments $ 15.9 -18% -1% securities brokerage commissions as a result of the sale of the retail Income from mutual funds $ 10.5 +
Slide 10: Non-Interest Expenses (NIE)
Financial Review | Non-Interest Expenses (NIE) NIE ($MM)(1) Q3/25 Y/Y Q/Q Y/Y Highlights • Reported NIE decreased by $10.5MM, mainly from impairment and Salaries and employee benefits $ 96.7 -3% +5% restructuring charges recorded in the prior fiscal year Premises and technology $ 53.9 +5% +4% • Adju
Slide 11: Strong Capital Position
Financial Review | Strong Capital Position Common Equity Tier 1 Capital Ratio (CET1)(1) Risk-Weighted Assets (RWA) ($B)(1) 11.3% 10.9% 10.9% 10.9% 11.0% 20.7 20.9 21.2 20.9 20.5 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Evolution of the CET1 Ratio (%)(2) Y/Y Highlights 0.3 • CET1 r
Slide 12: Strong and Diversified Commercial Loan Portfolio
Financial Review | Strong and Diversified Commercial Loan Portfolio Commercial Loan Portfolio ($B)(1) Pan-Canadian Portfolio and U.S. Presence (as at July 31, 2025) 17.5 17.6 Commercial Lending Quebec 16.5 4.1 Inventory financing 25% Ontario 3.8 4.5 Equipment financing Alberta & Prairies 1.7 2.0 2.1
Slide 13: Diversified Inventory Financing Portfolio
Financial Review | Diversified Inventory Financing Portfolio Inventory Finance Overview Inventory Finance Main Product Lines (as at July 31, 2025) • 6,500+ dealers in the U.S. and Canada 13% Marine 7% Recreational Vehicle • $800,000 average dealer line utilization(1) 35% Trailer 11% Power Sports Man
Slide 14: Strong Commercial Real Estate Portfolio
Financial Review | Strong Commercial Real Estate Portfolio Commercial Real Estate Portfolio (as at July 31, 2025) Portfolio Overview • >67% of our portfolio is residential: 57% Multi-Residential Insured Term Loans - Multi- and 10% Condos Residential 8% • Loan to Value (LTV) on uninsured multi-reside
Slide 15: High Quality Residential Mortgage Loan Portfolio
Financial Review | High Quality Residential Mortgage Loan Portfolio Insured vs Uninsured Pan-Canadian Portfolio (as at July 31, 2025) 12% 5% 13% 13% 10% Quebec 28% 26% 26% Alt-A 31% Ontario Conventional 16% Alberta & Prairies British Columbia 59% 61% 62% Insured Atlantic Provinces 38% Q3/24 Q2/25 Q3
Slide 16: Allowances for Credit Losses
Financial Review | Allowances for Credit Losses Allowances for Credit Losses (ACL) ($MM) Y/Y Highlights • ACL decreased by $34.3MM, mainly from lower allowances on 224.2 performing and impaired loans 203.8 206.9 204.3 189.9 82.2 69.6 78.5 74.8 68.8 Q/Q Highlights • ACL decreased by $14.4MM for the s
Slide 17: Allowances for Credit Losses Evolution
Financial Review | Allowances for Credit Losses Evolution Allowances for Credit Losses (bps)(1) Allowances for Credit Losses Highlights From Q1/19 to Q3/25 • During the Covid-19 period, the ACL level was materially increased 86 • Since then, the ACL level has remained elevated 61 53 32 Q1/19 Q1/20 Q
Slide 18: Provision for Credit Losses
Financial Review | Provision for Credit Losses Provision for Credit Losses (PCL) ($MM)(1) Y/Y Highlights 16.3 • PCL decreased by $5.2MM, mainly from lower provisions on impaired 15.2 loans 10.4 11.1 16.7 • PCL as a % of average loans and acceptances decreased by 6 bps 28.1 2.3 18.4 21.8 19.7 14.4 Q/
Slide 19: Impaired Loans
Financial Review | Impaired Loans Gross Impaired Loans ($MM, bps)(1) Net Impaired Loans ($MM, bps)(1) 115 117 98 112 90 94 108 107 88 84 408.2 419.4 350.6 399.8 321.3 333.4 377.6 378.8 6.8 7.3 309.2 4.3 7.3 295.4 5.1 5.0 51.6 12.0 9.8 53.0 48.0 55.1 6.6 44.8 50.6 7.5 47.4 49.9 47.2 44.2 339.5 353.4
Slide 20: Appendices
sit Appendices
Slide 21: Appendices | Adjusting Items
Appendices | Adjusting Items Q3/25 Q2/25 Q3/24 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) Restructuring and other impairment $2.9 $2.1 $0.05 $2.2 $1.6 $0.04 $9.1 $6.7 $0.16 charges
Slide 22: Appendices | Non-GAAP Financial Measures
Appendices | Non-GAAP Financial Measures In $MM(1) Q3/25 Q2/25 Q3/24 Income before income taxes $45.9 $41.3 $40.0 Provision for credit losses 11.1 16.7 16.3 Pre-tax pre-provision (PTPP) income $57.1 $58.0 $56.3 Pre-tax impact of adjusting items(2) 2.9 2.2 12.1 Adjusted PTPP income $60.0 $60.2 $68.4
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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