Laurentian Bank of Canada (TSX:LB) Tax Rate % : 11.36% (As of Oct. 2024)

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What is Laurentian Bank of Canada Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Laurentian Bank of Canada's Tax Expense for the three months ended in Oct. 2024 was C$5 Mil. Laurentian Bank of Canada's Pre-Tax Income for the three months ended in Oct. 2024 was C$46 Mil. Therefore, Laurentian Bank of Canada's Tax Rate % for the quarter that ended in Oct. 2024 was 11.36%.

Laurentian Bank of Canada Tax Rate % Historical Data

The historical data trend for Laurentian Bank of Canada's Tax Rate % 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 Tax Rate % Chart

Laurentian Bank of Canada Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Tax Rate %

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5.15

21.39

17.81

13.94

75.25

Laurentian Bank of Canada Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Tax Rate %	Get a 7-Day Free Trial															8.57	14.51	22.50	14.70	11.36

Laurentian Bank of Canada Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Laurentian Bank of Canada's Tax Rate % for the fiscal year that ended in Oct. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Oct. 2024 )	/	Pre-Tax Income (A: Oct. 2024 )
	=	-16.716	/	-22.215
	=	75.25 %

Laurentian Bank of Canada's Tax Rate % for the quarter that ended in Oct. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Oct. 2024 )	/	Pre-Tax Income (Q: Oct. 2024 )
	=	5.212	/	45.873
	=	11.36 %

Laurentian Bank of Canada Tax Rate % Related Terms

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Laurentian Bank of Canada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Laurentian Bank of Canada (TSX:LB) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

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

Executives

Michael T. Boychuk	Director
Badih Schoueri	Senior Officer
Adam Swinemar	Senior Officer
Andrea Elaine Bolger	Director
William James Alexander Mason	Senior Officer
David Lawrence Mowat	Director
Stéphane Therrien	Senior Officer
Nicholas Zelenczuk	Director