(Reuters) - Laurentian Bank of Canada’s (LB.TO) fourth-quarter profit rose 71 percent on loan growth and it raised its quarterly dividend.
Laurentian, Canada’s eighth-largest bank by market capitalization, reported profit of C$45.7 million, or C$1.51 per share, compared with C$26.7 million, or 99 Canadian cents per share, a year earlier.
Total revenue rose 15 percent to C$210.4 million
Montreal-based Laurentian increased its quarterly dividend by 2 Canadian cents to 49 Canadian cents per share.
Reporting by Maneesha Tiwari in Bangalore; Editing by Anil D'Silva