Laurentian Bank Of Canada · TSX:LB
Laurentian Bank Of Canada — Q1 2026 Earnings Presentation
23 slides from Laurentian Bank Of Canada's earnings presentation, Feb 27, 2026
Slide 1: Investor Presentation First Quarter 2026
Investor Presentation First Quarter 2026 February 27th, 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: Q1/26 Results Highlights
Introduction | Q1/26 Results Net Income (Loss) Diluted EPS (Loss) Highlights Adjusted(1) $34.2MM Adjusted(2) $0.65 Reported -$20.5MM Reported -$0.58 • Recorded $54.7MM of after-tax ROE Efficiency Ratio adjusting items primarily related to the Adjusted(2) 4.5% Adjusted(2) 76.7% Reported(2) -4.0% Repo
Slide 5: Financial Review
Yvan Deschamps Executive Vice President & Chief Financial Officer Financial Review
Slide 6: Adjusting Items
Financial Review | Adjusting Items Q1/26 In $MM(1) Pre-Tax After-Tax Impact Impact Impact ($ / Share) Impairment of premises and equipment $21.5 $15.8 $0.36 Highlights Charges related to onerous contracts, leases and other $14.7 $10.8 $0.24 • Most of the adjusting items, other than the net settlemen
Slide 7: Q1/26 Financial Results
Financial Review | Q1/26 Financial Results Reported ($MM) Q1/26 Y/Y Q/Q Y/Y Highlights • Adjusted total revenue increased by $2.8MM, due to an increase of $8.7MM in Total revenue $ 251.6 +1% +3% net interest income, partially offset by a decrease of $5.9MM in other income Provision for credit losses
Slide 8: Net Interest Income and Net Interest Margin
Financial Review | Net Interest Income and Net Interest Margin Net Interest Income and Margin ($MM, %) Key Assets ($B)(1) Q1/26 Y/Y Q/Q Liquid assets(2) $ 12.4 +2% -6% 1.85% 1.85% 1.82% 1.79% 1.89% Personal loans $ 2.0 -3% -1% Residential mortgage loans $ 15.8 -3% -2% Commercial loans $ 18.6 +8% +4%
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: 40.6 41.3 41.3 • Deposits up $0.4B mainly from Advisors and Brokers, partly 2.9 2.9 2.8 Shareholders' equity offset by wholesale and partnership deposits 0.3 0.
Slide 10: Other Income
Financial Review | Other Income Other Income ($MM) Q1/26 Y/Y Q/Q Y/Y Highlights Income from mutual funds $ 11.2 +6% +1% • Reported other income decreased by $6.7MM, mainly due to lower income from financial instruments. Q1/25 also included a $0.9 million Income from financial instruments $ 10.3 -37%
Slide 11: Non-Interest Expenses (NIE)
Financial Review | Non-Interest Expenses (NIE) NIE ($MM)(1) Q1/26 Y/Y Q/Q Y/Y Highlights • Reported NIE increased by $80.4MM, driven by restructuring, Salaries and employee benefits $ 102.7 +6% +9% impairment charges, transaction and conversion costs related to Premises and technology $ 55.0 +8% +1%
Slide 12: Strong Capital Position
Financial Review | Strong Capital Position Common Equity Tier 1 Capital Ratio (CET1)(1)(2) Risk-Weighted Assets (RWA) ($B)(1)(2) 11.3% 11.3% 10.9% 11.0% 10.9% 21.2 20.9 20.5 20.7 21.1 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Evolution of the CET1 Ratio (%)(2)(3) Y/Y Highlights • C
Slide 13: Strong and Diversified Commercial Loan Portfolio
Financial Review | Strong and Diversified Commercial Loan Portfolio(1) Commercial Loan Portfolio ($B)(2) Pan-Canadian Portfolio and U.S. Presence (as at January 31, 2026) 18.6 17.9 17.2 Quebec Commercial Lending 4.2 4.5 4.3 Inventory financing 25% Ontario 2.1 2.0 Equipment financing 2.0 44% Alberta
Slide 14: Diversified Inventory Financing Portfolio
Financial Review | Diversified Inventory Financing Portfolio Inventory Finance Overview Inventory Finance Main Product Lines (as at January 31, 2026) • 6,500+ dealers in the U.S. and Canada Marine 10% 6% Recreational Vehicle • $900,000 average dealer line utilization(1) 9% 40% Trailer Power Sports 1
Slide 15: Strong Commercial Real Estate Portfolio
Financial Review | Strong Commercial Real Estate Portfolio(1) Commercial Real Estate Portfolio (as at January 31, 2026) Portfolio Overview Insured Term Loans – Multi- • >67% of our portfolio is residential: 59% Multi-Residential Residential and 8% Condos • Loan to Value (LTV) on uninsured multi-resi
Slide 16: High Quality Residential Mortgage Loan Portfolio
Financial Review | High Quality Residential Mortgage Loan Portfolio(1) Insured vs Uninsured Pan-Canadian Portfolio (as at January 31, 2026) 12% 11% 6% 13% 10% Quebec 27% 25% 24% Alt-A 30% Ontario Conventional 16% Alberta & Prairies British Columbia 60% 63% 65% Insured Atlantic Provinces 38% Q1/25 Q4
Slide 17: Allowances for Credit Losses
Financial Review | Allowances for Credit Losses(1) Allowances for Credit Losses (ACL) ($MM)(2) Y/Y Highlights • ACL decreased by $14.0MM, mainly from lower allowances on 206.9 204.3 personal and commercial performing loans 189.9 188.8 192.6 78.5 74.8 68.8 76.2 78.1 Q/Q Highlights • ACL increased by
Slide 18: Provision for Credit Losses
Financial Review | Provision for Credit Losses Provision for Credit Losses (PCL) ($MM)(1) Y/Y Highlights • PCL increased by $1.3MM, mainly from higher provisions on 18.0 performing loans driven by increased volumes and lower releases, 15.2 11.1 16.7 16.5 partially offset by lower provisions on impai
Slide 19: Impaired Loans
Financial Review | Impaired Loans(1) Gross Impaired Loans ($MM, bps)(2) Net Impaired Loans ($MM, bps)(2) 115 117 118 98 97 112 88 90 425.9 96 75 408.2 419.5 350.6 349.7 399.8 5.1 321.3 333.4 4.3 7.3 6.8 7.3 2.9 5.1 5.0 48.0 55.1 56.2 350.8 51.6 52.6 272.7 53.0 49.9 44.8 5.5 3.5 57.5 54.0 339.5 353.4
Slide 20: Appendices
sit Appendices
Slide 21: Appendices | Adjusting Items
Appendices | Adjusting Items Q1/26 Q4/25 Q1/25 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) Impairment of premises and equipment $21.5 $15.8 $0.36 $0.9 $0.6 $0.02 $0.1 $0.1 — Charges
Slide 22: Appendices | Non-GAAP Financial Measures
Appendices | Non-GAAP Financial Measures In $MM(1) Q1/26 Q4/25 Q1/25 Total revenue $251.6 $244.7 $249.6 Profit on sale of assets under administration(2) — — -0.9 Adjusted total revenue $251.6 $244.7 $248.8 Income before income taxes -$32.3 $37.8 $47.5 Provision for credit losses 16.5 18.0 15.2 Pre-t
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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