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flag Laurentian Bank reports lower 2025 profit, plans to split, sell units, and freeze dividend increases.

flag Laurentian Bank of Canada reported a decline in fourth-quarter profit for 2025, earning $31.5 million, down from $40.7 million the previous year, with adjusted earnings per share at 73 cents, below the expected 78 cents. flag The bank cited higher credit losses and lower revenue. flag Amid the results, it announced plans to split up, selling its commercial banking division to Fairstone Bank and transferring retail and small business operations to National Bank, pending shareholder approval. flag The bank also withdrew its medium-term financial targets and confirmed a quarterly dividend of 47 cents, which cannot be increased under the deal terms.

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