Laurentian Bank of Canada Q4 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : My first question is for Ms. Llewellyn, new CEO, been in the job, I guess, a couple of months now. What are your first impressions of the organization? You're moving from a big bank to a smaller bank. And what do you like -- what you -- what do you like about working at new place? And what do you think needs work?

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : A very, very thorough overview. I appreciate that. You had, maybe I don't know ask is the right word, but maybe some challenges I see for the organization is relevant in the market. It might be a wrong way to put it, but along those lines. I'm looking at the deposit line. Branch raise, business deposits. If I combine them and treat those as core deposits, if you will, kind of flat growth year-over-year. There has also been a declining trajectory over the past few years. And this is coming at a time when we're seeing massive increases in deposits at other banks. So that tells me that customers are not coming to you to deposit their money and then down the road when things get better, take those deposits and spend on stuff and borrow and things like that. Like how do you -- the advice model is intended to change that, I guess. How are you planning on approaching that particular challenge?

Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst : That's my alter ego. Rania, congratulations on your appointment. When -- I appreciate it's only been 6 weeks. But when you think about shareholder value creation at Laurentian Bank, is the opportunity more on the revenue side or on the expense side? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. DECEMBER 04, 2020 / 2:00PM, LB.TO - Q4 2020 Laurentian Bank of Canada Earnings Call

Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst : So growth of the top line, as you think about your various businesses, is that essentially just going to be an adjustment on the risk appetite? Or are you looking to add new revenue line items?