Laurentian Bank Financial Group

09:51 AM EST - Laurentian Bank Financial Group : Reported net income of $32.2 million and diluted earnings per share of $0.68 for the first quarter of 2020, compared with $40.3 million and $0.88 for the first quarter of 2019. Return on common shareholders' equity was 5.0% for the first quarter of 2020, compared with 6.5% for the first quarter of 2019. On an adjusted basis, net income was $36.9 million and diluted earnings per share were $0.79 for the first quarter of 2020, down 17% and 19% respectively, compared with $44.7 million and $0.98 for the first quarter of 2019. Adjusted return on common shareholders' equity was 5.8% for the first quarter of 2020, compared with 7.3% a year ago. Laurentian Bank Financial Group shares T.LB are trading down $3.71 at $37.97.