06:57 AM EST, 12/05/2025 (MT Newswires) -- Laurentian Bank of Canada ( LRCDF ) on Thursday said its fourth-quarter adjusted net income fell 16% as lower other income and softer revenue weighed on results.

Adjusted net income for Q4 was $34.2 million, or $0.73 per diluted share, compared with $40.9 million, or $0.89 per diluted share, in the fourth quarter of 2024. It missed the FactSet estimate of $0.78 per share.

Reported net income for the quarter was $31.5 million, with diluted earnings per share of $0.66, down from $40.7 million and $0.88, respectively, a year earlier.

Total revenue declined to $244.7 million from $250.8 million in the prior-year quarter, primarily due to lower other income. The top line came in below the FactSet estimate of $248.7 million.

The bank declared a regular quarterly dividend of $0.47 per common share, payable February 1, 2026, to shareholders of record as of January 5, 2026.

The results follow news earlier this week that National Bank will acquire Laurentian Bank's retail and SME banking portfolios and syndicated loan portfolio, while Fairstone Bank will acquire all issued and outstanding common shares of Laurentian and combine their commercial lending operations.

"As announced earlier this week, we are significantly accelerating our transition to a specialty commercial bank," said Eric Provost, chief executive officer of Laurentian Bank.

"Our growth engines - Commercial Real Estate, Equipment and Inventory Financing - continue to deliver solid results, achieving double-digit year-over-year growth. This performance reflects the effectiveness of our strategy and the trust our clients place in us. In addition, our strong capital and liquidity positions provide both resilience and the flexibility to reinvest for future opportunities."

Shares of Laurentian Bank closed up $0.03 at $39.90 in Toronto on Thursday.