Laurentian Bank of Canada (TSX:LB.PR.J.PFD) Credit Losses Provision : C$63.07 Mil (As of Jan. 2024)

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What is Laurentian Bank of Canada Credit Losses Provision?

Laurentian Bank of Canada's credit losses provision for the three months ended in Jan. 2024 was C$16.90 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jan. 2024 was C$63.07 Mil.

Laurentian Bank of Canada's quarterly credit losses provision increased from Jul. 2023 (C$13.34 Mil) to Oct. 2023 (C$16.67 Mil) and increased from Oct. 2023 (C$16.67 Mil) to Jan. 2024 (C$16.90 Mil).

Laurentian Bank of Canada's annual credit losses provision increased from Oct. 2021 (C$49.50 Mil) to Oct. 2022 (C$56.88 Mil) and increased from Oct. 2022 (C$56.88 Mil) to Oct. 2023 (C$61.61 Mil).

Laurentian Bank of Canada Credit Losses Provision Historical Data

The historical data trend for Laurentian Bank of Canada's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Laurentian Bank of Canada Credit Losses Provision Chart

Laurentian Bank of Canada Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Credit Losses Provision

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44.40

116.30

49.50

56.88

61.61

Laurentian Bank of Canada Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Credit Losses Provision	Get a 7-Day Free Trial															15.43	16.17	13.34	16.67	16.90

Laurentian Bank of Canada Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$63.07 Mil.

Laurentian Bank of Canada (TSX:LB.PR.J.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Laurentian Bank of Canada (TSX:LB.PR.J.PFD) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

LRCDF:USA LT7:Germany LB.PR.H.PFD:Canada LB:Canada

Address

1360, Boulevard Rene-Levesque Ouest, Suite 600, Secretariat Corporatif, Montreal, QC, CAN, H3G 0E5

Website

https://www.lbcfg.ca

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, commercial banking, and capital markets. The personal segment offers financial services to retail clients. The commercial banking segment provides financial services, commercial banking, real estate financing, and equipment and inventory financing to business clients. The firm launched LBC Digital, allowing it to expand its customer reach from coast to coast through a direct-to-customer channel. The Canadian geographic segment generates majority of the revenue for the company.

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