- Laurentian Bank of Canada’s adjusted earnings per share (EPS) for the first quarter came in at C$0.78, surpassing the estimate of C$0.77, though it decreased from C$0.91 year-over-year.
- Net interest income was C$186.2 million, a slight increase of 0.5% compared to the previous year, and exceeded the estimated C$176.1 million.
- The provision for credit losses reduced by 10% year-over-year to C$15.2 million, coming in better than the estimate of C$16 million.
- Total revenue was C$249.6 million, which while representing a 3.4% decline from the prior year, surpassed the estimate of C$243.8 million.
- Adjusted net income was C$39.4 million, a decrease of 11% year-over-year, yet above the estimated C$34.7 million.
- The net interest margin rose to 1.85% from 1.8% year-over-year, exceeding the estimated 1.78%.
- The common equity Tier 1 ratio increased to 10.9% from 10.2% year-over-year, aligning with the estimate.
- Return on equity improved slightly to 5.2% compared to 5% year-over-year.
- The efficiency ratio improved to 74.9% from 76.6% year-over-year.
- The book value per share decreased to C$57.74 from C$59.80 year-over-year, falling short of the estimate of C$58.43.
- Analyst ratings include 0 buys, 6 holds, and 4 sells.
A look at Laurentian Bank Of Canada Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking ahead at the long-term outlook for Laurentian Bank of Canada, the company is showing strength in its value and dividend scores, both of which are rated at the top level of 5. This indicates that the bank is considered to be sound in terms of its valuation and its commitment to paying out dividends to shareholders. However, the growth and resilience scores are somewhat lower at 2, suggesting that there may be room for improvement in these areas. Despite this, Laurentian Bank has a solid momentum score of 4, indicating positive market momentum that could potentially drive the company forward in the near future.
Laurentian Bank of Canada and its subsidiaries offer banking services to individuals and small to medium-sized enterprises throughout Canada, operating as a full-service brokerage firm as well. With strong value and dividend scores, the company appears to be in a good position for the future, although there may be some areas such as growth and resilience that could benefit from further attention. The positive momentum score suggests that there is potential for the company to capitalize on market trends and continue on a path of growth and success in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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