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Laurentian Bank of Canada reports second quarter 2026 results
Consistent with the strategic context established in the first quarter of 2026, Laurentian Bank of Canada reported a net loss of $20.6 million and a diluted loss per share of $0.50 for the second quarter of 2026, compared with net income of $32.3 million and diluted earnings per share of $0.69 for the second quarter of 2025. Return on common shareholders' equity(1) was negative 3.7% for the second quarter of 2026, compared with 4.9% for the second quarter of 2025. Of note, reported results for t
About this update from Laurentian Bank Of Canada
MONTREAL, May 29, 2026 /CNW/ - Consistent with the strategic context established in the first quarter of 2026, Laurentian Bank of Canada reported a net loss of $20.6 million and a diluted loss per share of $0.50 for the second quarter of 2026, compared with net income of $32.3 million and diluted earnings per share of $0.69 for the second quarter of 2025. Return on common shareholders' equity(1) was negative 3.7% for the second quarter of 2026, compared with 4.9% for the second quarter of 2025. Of note, reported results for the second quarter of 2026 included adjusting items of $58.8 million ($43.2 million after income taxes), or $0.97 per share, related to the Transactions announced on December 2, 2025 (defined below). Refer to the Non-GAAP Financial and Other Measures section and to the Business Highlights section on pages 5 to 9 of the Bank's MD&A for additional information. Adjusted net income(2) was $22.6 million and adjusted diluted earnings per share(1) were $0.46 for the second quarter of 2026, compared with $34.0 million and $0.73 for the second quarter of 2025. Adjusted return on common shareholders' equity(1) was 3.4% for the second quarter of 2026, compared with 5.2% for the second quarter of 2025. For the six months ended April 30, 2026, Laurentian Bank of Canada reported a net loss of $41.1 million and a diluted loss per share of $1.08, compared with net income of $70.9 million and diluted earnings per share of $1.44 for the six months ended April 30, 2025. Return on common shareholders' equity(1) was negative 3.9% for the six months ended April 30, 2026, compared with 5.1% for the six months ended April 30, 2025. Of note, reported results for the six months ended April 30, 2026 included adjusting items of $133.2 million ($98.0 million after income taxes), or $2.19 per share, primarily related to the Transactions announced on December 2, 2025 (defined below). Refer to the Non-GAAP Financial and Other Measures section and to the Business Highlights section on pages 5 to 9 of the Bank's MD&A for additional information. Adjusted net income(2) was $56.9 million and adjusted diluted earnings per share(1) were $1.11 for the six months ended April 30, 2026, compared with $73.4 million and $1.50 for the six months ended April 30, 2025. Adjusted return on common shareholders' equity(1) was 4.0% for the s...
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