Tuesday, March 31st5.2°C
25326
25173

ATB Financial posts record profits of $83.9M in Q1; revenue up 9.2% to $354.5M

EDMONTON - Provincially owned ATB Financial has posted record earnings of $83.9 million in its fiscal 2015 first quarter.

ATB, one of Western Canada's largest financial institutions, reported Thursday that the 27.4 per cent increase in profit over the comparable year-earlier period came as revenue increased 9.2 per cent year over year to $354.5 million.

Loans increased 12.2 per cent year over year to $34.4 billion, while deposits increase 18.9 per cent to $28.6 billion.

President and CEO Dave Mowat said the quarter's net profit, the healthiest in ATB's history, was driven by increased customer borrowing and deposits, along with the performance of ATB's Compass mutual funds, which grew to more than $11.5 billion in assets under management.

The Canadian Press


Read more Business News

24393


Recent Trending




Today's Market
S&P TSX14902.44-5.95
S&P CDNX680.07-0.26
DJIA17776.12-200.19
Nasdaq4900.88-46.56
S&P 5002067.89-18.35
CDN Dollar0.7904+0.0016
Gold1187.30+4.20
Oil47.47-0.13
Lumber275.30-2.90
Natural Gas2.656+0.016

 
Okanagan Companies
Pacific Safety0.125+0.010
Knighthawk0.010.00
QHR Technologies Inc1.48-0.02
Cantex0.03-0.01
Anavex Life Sciences0.211-0.004
Metalex Ventures0.04+0.00
Russel Metals24.04-0.36
Copper Mountain Mining1.16-0.02
Colorado Resources0.11-0.01
ReliaBrand Inc0.0036-0.0024
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.25+0.02
Decisive Dividend Corporation1.80+0.02

 



25528

FEATURED Property
22480221120 Guisachan Road, Kelowna
$299,000
more details
Click here to feature your property
Please wait... loading


Down payment

If you have less than 20% down payment, mortgage insurance is required through Canada Mortgage & Housing (CMHC), Genworth or Canada Guaranty. Homeowners no longer need the minimum 5% down payment ...


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...

_








Member of BC Press Council


25534