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-2.69832703723446E-05 0 -0.000539665407447352 -0.00156502968159752 -0.000552077711818747 -0.00169994603345924 -0.00132541824069075 -0.00372369131138693
Stock impact report

ATB Financial reports 82% net income increase, growth in AUA [Advisor.ca (Canada)]

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Company Research Source: Advisor.ca
For the fiscal year ending March 31,  ATB Financial has reported  a net income increase of 82%, from  $150.8 million to  $274.6 million.  In a release, ATB also reports its “highest ever” operating income, and highest operating revenue in a single quarter and year. For the year, loans were up 8.1% to  $44.1 billion, but deposits decreased  3.7% to $32.7 billion.  The institution posted growth in multiple business units, including r etail financial services. That area of the business “ turned a corner,” the release says, with net income of $12.3 million after posting a loss the previous year. ATB investor services concluded the year with assets under administration of  $18.7 billion, up  $1.9 billion from a year earlier.  In the release, president and CEO Dave Mowat credits e conomic improvements in Alberta as one reason for ATB’s growth. He also says there was no reduction in client service or staffing . Further, “We increased loans—even when t Show less Read more
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