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Laurentian Bank of Canada EPS $0.91

Staff writer |
Laurentian Bank of Canada reported net income of $28.3 million or $0.91 diluted per share for the third quarter ended July 31, 2013, compared with $30 million or $1.06 diluted per share for the third quarter of 2012.

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Return on common shareholders' equity was 8.1% for the third quarter of 2013, compared with 10.1% for the same period in 2012. Excluding adjusting items, net income was up 13% to $39.8 million or $1.31 diluted per share for the third quarter of 2013, compared to $35.3 million or $1.27 diluted per share for the same period in 2012 (all numbers are in CAD).

Adjusted return on common shareholders' equity was 11.8% for the third quarter of 2013, compared with 12.1% for the same period in 2012.

For the nine months ended July 31, 2013, net income totalled $97.5 million or $3.12 diluted per share, compared with $94.8 million or $3.44 diluted per share in 2012. Return on common shareholders' equity was 9.6% for the nine months ended July 31, 2013, compared with 11.2% for the same period in 2012.

Excluding adjusting items, net income was up 16% to $120.8 million or $3.95 diluted per share for the nine months ended July 31, 2013, compared with $104.5 million or $3.83 diluted per share for the same period in 2012. Adjusted return on common shareholders' equity was 12.1% for the nine months ended July 31, 2013, compared with 12.5% for the same period in 2012.


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