EDMONTON — ATB Financial reported Wednesday a second-quarter profit of $43.1 million, up from a year ago, boosted by double-digit loan growth in the face of tighter margins.
The Alberta Crown corporation said the profit for the quarter ended Sept. 30 compared with a profit of $5.7 million a year ago when the company took a $55.5-million charge related to asset-backed commercial paper.
Operating revenue totalled $223.7 million, up from $169.6 million in operating revenue a year ago.
ATB’s allowance for credit losses improved to $10.3 million compared with $13.9 million a year ago.
ATB Financial provides personal and business financial services.