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News & Analysis » Canada

Laurentian Bank Of Canada Q3 Profit Up - Quick Facts

September 2, 2010, Thursday, 21:10 GMT | 16:10 EST | 01:40 IST | 04:10 SGT

(RTTNews) - Laurentian Bank of Canada (LB.TO) reported a rise in third-quarter net income to C$30.06 million from C$28.68 million a year earlier.

Net income available to common shareholders amounted to C$26.99 million versus C$25.86 million in the comparable period.

Third-quarter net income per common share were C$1.13, higher than C$1.08 in the prior year period.

Total revenue increased 7% year-over-year to C$188.81 million from C$176.66 million in the third quarter of 2009.

The Bank's net interest income increased to C$129.87 million for the third quarter of 2010, from C$112.77 million in the third quarter of 2009. The strong loan and deposit growth year-over-year combined with high interest margins contributed to the 15% increase in net interest income.