03:50 PM EST - Laurentian Bank of Canada : reported net income for the fourth quarter of $38.2 million or $1.47 per share, compared to $27.3 million or $1.02 per share for the year-ago quarter. Income from continuing operations was $26.8 million or $0.99 per share for the fourth quarter, compared with $22.9 million or $0.64 per share in the prior-year quarter. Total revenue for the fourth quarter increased 17% to $178.5 million from $152.8 million in the same quarter last year. Net interest income increased to $118.2 million in the fourth quarter of 2009 from $103.3 million in the fourth quarter of 2008, mainly as a result of higher loan and deposit volumes. The provision for loan losses amounted to $16.0 million in the fourth quarter of 2009, compared with $10.5 million in the fourth quarter of 2008. Laurentian Bank of Canada
shares T.LB are trading up $0.31 at $42.41.
