The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Paul Holden - CIBC World Markets Corp - Analyst
: First question, I guess, is on credit trends. So performing provision release, but then the increase in gross impaired loans and increase in impaired
PCLs. And I guess, I recognize it two aren't always correlated. But maybe you can walk us through that, like what's driving the increase in GILs and
impaired? And then why do you feel comfortable for leasing against those trends?
Question: Paul Holden - CIBC World Markets Corp - Analyst
: Okay. I want to ask a couple of questions on potential recovery and inventory finance. I think you gave us some numbers roughly a low 40%
utilization rate and I think $10 billion of lines outstanding. Maybe you can give us a sense or remind us on how much CET1 that might consume if
inventory finance recovers and also maybe the NII potential associated with that.
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AUGUST 29, 2025 / 1:00PM, LB.TO - Q3 2025 Laurentian Bank of Canada Earnings Call
Question: Paul Holden - CIBC World Markets Corp - Analyst
: Okay. And then last question for me, like how should we think about your liquidity levels. So you didn't disclose your LCR ratio, but you said it's the
top end of the range. How should we think about that versus the liquidity you might need to draw for recovery in inventory finance? Like would
you need to increase broker deposits to fund it? Or do you have excess liquidity that you could pull on to fund it?
Question: Paul Holden - CIBC World Markets Corp - Analyst
: Okay, I'll leave it there. Thanks for the time.
Question: Stephen Boland - Raymond James Holdings (Canada) Inc - Analyst
: Paul got through a lot of it. Just one question. There was talk of putting in a forward flow agreement or alternative funding in the US. I'm just
wondering if there's been any progress on that on diversifying your funding base in the US.
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AUGUST 29, 2025 / 1:00PM, LB.TO - Q3 2025 Laurentian Bank of Canada Earnings Call
Question: Stephen Boland - Raymond James Holdings (Canada) Inc - Analyst
: Okay. And just on your CET1, it does grow. I mean what's -- can you remind me what the goal is for your CET1 ratio? Is it to get to high 11s, 12s,
something like that?
Question: Stephen Boland - Raymond James Holdings (Canada) Inc - Analyst
: Okay. And I'll sneak one more. Just in your opening remarks, you mentioned expanding distribution or simplifying your distribution and technology
costs. Can you give us like a concrete example of maybe some milestones you hit during the quarter or product that you discontinued? I'm just
wondering like maybe a little bit like something specific.
Question: Stephen Boland - Raymond James Holdings (Canada) Inc - Analyst
: Okay, I appreciate that. Thanks. Have a great weekend.
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AUGUST 29, 2025 / 1:00PM, LB.TO - Q3 2025 Laurentian Bank of Canada Earnings Call
Question: Sohrab Movahedi - Bank of Montreal - Analyst
: Okay. +ric, I just wanted to maybe follow up on that. I mean you obviously had a strategic plan. You shared some of that with us at your Investor
Day, we're about a year or so into it. Like how are we tracking to that plan halfway through?
Question: Sohrab Movahedi - Bank of Montreal - Analyst
: Okay. So just to kind of belabor the point, I mean, things are going according to plan, I guess, or as planned you're saying. But I assume on the
investing and the spending and the heavy lifting of the technology side, but the revenue backdrop has softened.
So is there any plan to adjust to the prevailing kind of macro environment? Or is it more of a, I'll call it, pedal to the metal and we're doing the
spending we're going on regardless of what the revenue environment looks like?
Question: Sohrab Movahedi - Bank of Montreal - Analyst
: Okay. And just one last one for me here. I mean to create the capacity to invest, you have done some restructurings. Do you think you'll have to do
-- unless the revenue environment improves, do you have to do more restructurings to fund the continued investments?
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AUGUST 29, 2025 / 1:00PM, LB.TO - Q3 2025 Laurentian Bank of Canada Earnings Call
Question: Sohrab Movahedi - Bank of Montreal - Analyst
: Thank you for taking my questions. Have a nice long weekend.
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