Laurentian Bank of Canada (LB) Swings to Q2 Loss on Higher Provisions

Laurentian Bank of Canada (TSX: LB) reported a net loss for the fiscal second quarter ended April 30, 2026, reversing from a profit a year ago, the Montreal-based lender said on May 29, 2026. The bank posted a net loss of C$48.3 million, or C$1.07 per share, compared with a net income of C$52.1 million, or C$1.16 per share, in the same period of 2025. Adjusted revenue slipped 4% to C$252.7 million, driven by lower net interest income and a non-interest revenue decline. Results were pressured by a sharp increase in provisions for credit losses, which rose to C$62.5 million from C$15.8 million a year earlier, reflecting a cautious outlook amid a challenging economic environment. The common equity tier 1 ratio stood at 10.8%, down from 11.2% sequentially.