Home Breadcrumb caret Industry News Breadcrumb caret Industry Laurentian Bank reports $47.8M Q3 profit The bank also announced two appointments to its board of directors By The Canadian Press | August 29, 2019 | Last updated on August 29, 2019 1 min read Laurentian Bank Financial Group reported a third-quarter profit of $47.8 million, down from $54.9 million in the same quarter last year. The Montreal-based bank says the profit amounted to $1.05 per diluted share for the quarter ended July 31 compared with a profit of $1.23 per diluted share a year ago. On an adjusted basis, Laurentian says it earned $51.9 million or $1.15 per share for the quarter. That compared with an adjusted profit of $59.4 million or $1.34 per diluted share in the same quarter last year. Analysts on average had expected a profit of $1.16 per share for the quarter, according to the financial markets data firm Refinitiv. Laurentian also announced the appointment of two new members to its board of directors, former RBC executive Andrea Bolger and David Mowat, the former chief executive of ATB Financial. The Canadian Press The Canadian Press is a national news agency headquartered in Toronto and founded in 1917. Save Stroke 1 Print Group 8 Share LI logo