06:58 AM EDT, 08/29/2025 (MT Newswires) -- Laurentian Bank (LB.TO), a regional bank, on Thursday reported improved earnings for the third quarter, even as total revenues fell, while its provision for credit losses decreased.

For Q3, Laurentian reported net income of $37.5 million and diluted earnings per share of $0.73 for the third quarter of 2025, compared with net income of $34.1 million and diluted earnings per share of $0.67 for the third quarter of 2024.

Adjusted net income was $39 .6 million and adjusted diluted earnings per share were $0.78 for the third quarter of 2025, compared with $43 .1 million and $0.88. FactSet had forecast Q3 EPS of $0.72, while National Bank forecast cash EPS of $0.70.

Total revenue decreased by $9 .7 million to $246.8 million for the third quarter of 2025, compared with $256.5 million for the third quarter of 2024, mainly attributable to a decrease in other income.

Among other headlines, return on common shareholders' equity was 5.0% for the third quarter of 2025, compared with 4.7%. Adjusted return on common shareholders' equity was 5.4% for the third quarter of 2025, compared with 6.2% one year ago.

The provision for credit losses was $11.1 million for the third quarter of 2025, compared with $16.3 million for the third quarter of 2024, a decrease of $5.2 million as a result of lower provisions on impaired loans, partially offset by lower releases of provisions on performing loans. The provision for credit losses as a percentage of average loans was 12 basis points for the quarter, compared with 18 basis points for the same quarter a year ago.

Board of Directors declared a regular quarterly dividend of $0.47 cents on the common shares, payable on November 1, 2025, that will be paid out on November 3, 2025, the first business day after the Payment Date, to the holders of record at the close of business on October 1, 2025.

"Our results this quarter reaffirm our strong market positioning and the value of our commercial specializations," said Eric Provost, President and CEO. "Our disciplined approach to risk management continues to serve us well through an uncertain economic environment, supported by a strong foundation of liquidity and capital. I'm proud of our teams' strong engagement and unwavering commitment to executing our strategic plan."

Shares in LB closed yesterday up 0.6% and just shy of 52 week highs.