CA - Laurentian Bank of Canada (LRCDF) Q2 2024 Earnings Call Transcript

2024-05-31 11:36:09 ET

Laurentian Bank of Canada (LRCDF)

Q2 2024 Earnings Conference Call

May 31, 2024 9:00 AM ET

Company Participants

Raphael Ambeault - Head, Investor Relations

Eric Provost - President and Chief Executive Officer

Yvan Deschamps - Executive Vice President and Chief Financial Officer

Liam Mason - Executive Vice President and Chief Risk Officer

Conference Call Participants

Meny Grauman - Scotiabank

Gabriel Dechaine - National Bank

Sohrab Movahedi - BMO Capital Markets

Paul Holden - CIBC

Doug Young - Desjardins Securities Markets

Lemar Persaud - Cormark Securities

Stephen Boland - Raymond James

Presentation

Operator

[Technical Difficulty] Quarterly Financial Results Call. Please note that this call is being recorded.

I would now like to turn the meeting over to Raphael Ambeault, Head Investor Relations. Please go ahead, Raphael.

Raphael Ambeault

Bonjour á tous. Good morning and thank you for joining us for the Laurentian Bank 2024 Second Quarter Result Presentation. My name is Raphael Ambeault, and I’m Head Investor Relations. Today's opening remarks will be delivered by Eric Provost, President and CEO, and the review of the second quarter financial results will be presented by Yvan Deschamps, Executive Vice President and CFO, after which we will invite questions from the phone. Also joining us for the question period are Liam Mason, Executive Vice President and CRO. All documents pertaining to the quarter can be found on our website in the Investor Center.

I'd like to remind you that during this conference call, forward-looking statements may be made and it is possible that actual results may differ materially from those projected in such statements. For the complete cautionary note regarding forward-looking statements, please refer to our press release or to slide two of the presentation. I would also like to remind listeners that the bank assesses its performance on a reported and adjusted basis and considers both to be useful in assessing underlying business performance. Eric and Yvonne will be referring to adjusted results in their remarks unless otherwise noted as reported.

I'll now turn the call over to Eric.

Eric Provost

[Foreign Language]

Good morning and thank you for joining us. Later today we’ll unveiling our revamp strategic plan, where we will outline our path forward. But first, I want to start by thanking our employees for their ongoing resilience and commitment to serving our customers and shaping the future of the bank. Today's plan will provide a strong direction forward with a focus on all of us relentlessly executing against the new plan.

In our new strategy, commercial banking will remain our growth engine, we will reduce complexity in personal banking, and capital markets will support our customers across the bank. I would also like to thank our customers. We are taking steps to build an even stronger bank with a greater focus on the customer experience....

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