Laurentian Bank posts near-zero profit as sale nears close
Adjusted return on common equity fell to 3.6% in the quarter, from 5.4% a year earlier.
Transformation costs compound across the year
The quarterly results reflect a pattern that has defined Laurentian’s 2026 fiscal year. For the nine months ended July 31, the bank recorded a net loss of $39.5 million and a diluted loss per share of $1.16, compared with net income of $108.4 million and diluted earnings per share of $2.17 for the same period in 2025.
Adjusting items of $169.2 million ($124.4 million after taxes), or $2.78 per share, drove the bulk of that swing, with the costs primarily linked to the December 2025 transaction announcements.
Adjusted net income for the nine-month period was $84.9 million, or $1.62 per diluted share, down from $113.0 million and $2.28 per share in 2025. The bank’s adjusted return on common equity for the nine-month period was 3.9%.
“This quarter reflects the significant work of our teams over the past several months to advance Laurentian Bank’s transformation,” Éric Provost, President and Chief Executive Officer of Laurentian Bank of Canada.
