Solid track record of loan performance and low credit losses Consistent earnings performance and stable capital ratios Improved geographic revenue diversification primarily through the growth of the B2B Bank business Strategic focus and sectoral expertise Significantly smaller market presence compared to the larger Canadian banks, although recent acquisitions to expand the B2B franchise have enhanced its business position Higher business concentration risk relative to the larger Canadian banks Modest earnings cushion relative to that of peers Standard&Poor's Ratings Services' outlook on Laurentian Bank of Canada is stable, reflecting our belief that the bank will continue to generate sustainable and consistent earnings, supported by its solid asset quality, adequate capitalization, and predominantly retail deposit funding base. We expect Laurentian
