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Home CompaniesLife & Banc Split Corp

Life & Banc Split Corp

Financial Services Asset Management
PortfolioPortfolio WatchlistWatchlist
Company price
13.48 CAD 0.42 ( 3.22%)
Last update at 2026-11-04T20:39:00Z
VOLUME
184178
Market Cap
1260.95M
P/E
2.22

Momentum Score

…

Life & Banc Split Corp. is a closed-ended equity mutual fund launched and managed by Brompton Funds Limited. The fund invests in the public equity markets of Canada. It seeks to invest in stocks of companies operating across banking and life insurance sector. The fund primarily invests in the stocks of the six largest banks of the country, as well as of life insurance companies, utilizing a split share structure on a low cost basis. It benchmarks the performance of its portfolio against the S&P/TSX Capped Financials Index and S&P/TSX Composite Index. Life & Banc Split Corp. was formed on September 6, 2006 and is domiciled in Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
13.16
Low
13.49
High
52 Week Price Range
5.92
Low
12.16
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Life & Banc Split Corp (LBS.TO) is a Canadian split-share corporation that issues preferred and capital shares backed by a portfolio of equities. Its long-term growth drivers may include dividend income and capital appreciation of the underlying portfolio together with the split-structure's ability to amplify equity returns. Investors may find the company attractive for potential regular distributions and structured exposure to financial-sector securities.
Primary risks include equity-market volatility, interest-rate sensitivity, concentration in financial-sector holdings, leverage inherent to split-share structures and potential liquidity or structural complexities that could affect distributions.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
13.06
Dividend Yield
8.65%
Revenue TTM
310.90M
Revenue Per Share
5.25
Gross Profit TTM
310.90M
Debt / Equity
0.77
ROE
47.83%
Net Debt
512.22M
ROCE
43.99%
Diluted EPS TTM
5.34

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 270.33M 165.35M 58.04M -46.51M 156.18M
Net income 270.33M 165.35M 58.04M -46.51M 156.18M
Selling general administrative - 0.59M 0.47M 0.47M 0.44M
Gross profit 62.83M 34.87M 87.76M -44.28M 157.62M
Ebit - 408.74M 87.43M -44.61M 157.29M
Ebitda 305.23M 204.29M 87.28M -46.51M 156.18M
Depreciation and amortization - -204.45M -0.14M - -
Operating income 303.77M 204.29M 81.25M -46.51M 156.18M
Other operating expenses 234.23M -163.93M -44.69M 2.23M 1.44M
Interest expense 34.90M 0.00M 0.00M 0.00M 0.00M
Interest income - 0.02M 0.27M 0.00M 0.00M
Net interest income - 0.02M 0.27M 0.00M -0.00M
Income tax expense - - 58.04M - -
Total revenue 69.54M 40.36M 42.59M -44.28M 157.62M
Total operating expenses -240.94M -169.42M 6.51M 2.23M 1.44M
Cost of revenue 6.71M 5.49M 4.42M - 3.91M
Total other income expense net -33.43M -38.94M -29.25M - -0.00M
Net income from continuing ops - 202.61M 81.25M -46.51M 156.18M
Net income applicable to common shares - 165.35M 58.04M -64.34M 140.16M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 1205.47M 935.99M 730.28M 608.19M 606.52M
Other current assets - -935.87M 0.07M - -
Total liab 532.76M 478.40M 11.29M 360.92M 305.56M
Total stockholder equity 672.71M 457.59M 309.70M 247.27M 300.96M
Other current liab - -464.79M -11.29M -8.33M -7.12M
Common stock - - 309.70M 247.27M 300.96M
Other assets - 935.99M 0.07M 0.03M 0.02M
Cash 2.71M 3.29M 2.94M 2.98M 2.44M
Total current liabilities 514.94M - 11.29M 8.33M 7.12M
Current deferred revenue - - -396.90M - -
Net debt 512.22M 461.50M 405.25M -2.98M -2.44M
Short term debt 514.94M 464.79M 408.20M - 0.00M
Short long term debt total 514.94M 464.79M 408.20M - -
Other stockholder equity 672.71M 457.59M - - 300.96M
Total current assets 1205.34M - 4.73M 4.45M 4.35M
Long term investments - - 725.48M 603.71M 602.14M
Net tangible assets - - - 247.27M 300.96M
Short term investments 1200.79M 930.71M 725.48M - 602.14M
Net receivables 1.84M 1.87M 1.79M 1.47M 1.91M
Inventory - - 0.00M - -
Accounts payable - - 11.29M 8.33M 7.12M
Non currrent assets other 0.13M - -725.48M -603.71M -602.14M
Non current assets total 0.13M - 725.48M 603.71M 602.14M
Long term debt total - - - - 0.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Change to liabilities - - - -0.05M -0.09M
Total cash from financing activities -1.36M 34.44M 59.81M 64.95M 17.34M
Change to operating activities - - - 0.61M 0.33M
Net income 270.33M 165.35M 58.04M -64.34M 140.16M
Change in cash -0.57M 0.35M -0.04M 0.54M 0.45M
Begin period cash flow 3.29M 2.94M 2.98M 2.44M 2.00M
End period cash flow 2.71M 3.29M 2.94M 2.98M 2.44M
Total cash from operating activities -2.12M -1.88M -59.86M -64.41M -16.90M
Issuance of capital stock - 100.62M 245.08M 106.57M 53.72M
Other cashflows from investing activities - - 0.00M - -
Dividends paid 57.12M -53.10M -46.58M 39.39M 35.48M
Change to account receivables 0.03M -0.08M -0.32M 0.44M -0.81M
Sale purchase of stock -3.03M -11.46M -136.61M -0.01M -0.01M
Other cashflows from financing activities - 51.42M 52.73M 51.55M 29.44M
Change to netincome - - - -1.07M -156.48M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.00M
Change in working capital -0.56M 6.34M 1.98M 1.12M -0.46M
Other non cash items -271.89M -173.57M -119.87M -1.19M -156.59M
Free cash flow -2.12M -1.88M -59.86M -64.41M -16.90M

Peer Comparison*

Sector: Financial Services Industry: Asset Management

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
LBS
Life & Banc Split Corp		 0.42
3.22%		 13.48 2.22 - 4.06 2.52 4.34
BLK
BlackRock CDR (CAD Hedged)		 1.70
5.77%		 31.14 25.23 18.90 6.38 2.79 6.35
BN
Brookfield Corporation		 3.35
5.89%		 60.20 94.76 11.96 1.84 2.36 4.58
BAM
Brookfield Asset Management Ltd		 4.01
5.62%		 75.33 31.22 25.51 22.40 9.70 17.61
PHYS
Sprott Physical Gold Trust		 1.14
2.74%		 42.73 3.81 - 3.47 1.06 4.09

Profile*

Life & Banc Split Corp

Life & Banc Split Corp. is a closed-ended equity mutual fund launched and managed by Brompton Funds Limited. The fund invests in the public equity markets of Canada. It seeks to invest in stocks of companies operating across banking and life insurance sector. The fund primarily invests in the stocks of the six largest banks of the country, as well as of life insurance companies, utilizing a split share structure on a low cost basis. It benchmarks the performance of its portfolio against the S&P/TSX Capped Financials Index and S&P/TSX Composite Index. Life & Banc Split Corp. was formed on September 6, 2006 and is domiciled in Canada.

Bay Wellington Tower, Toronto, ON, Canada, M5J 2T3

416-642-9061

https://www.bromptongroup.com/funds/fund/lbs/overv

Name Title Year Born
Mr. Mark A. Caranci B.Com., C.A., C.P.A., BComm, CPA, CA Chief Exec. Officer, Pres and Director NA
Mr. Jason P. Goletz VP of Sales & Marketing NA
Mr. Christopher Z. Cullen BASc, C.F.A., M.B.A., MBA Sr. VP NA
Ms. Ann P. Wong C.A., C.F.A., C.P.A., B.A., BA, MAcc, CPA, CA, (De VP and Controller NA
Mr. Mark A. Caranci B.Com., BComm, C.A., C.P.A., CA, CPA Chief Executive Officer, President and Director NA
Mr. Jason P. Goletz Vice President of Sales & Marketing NA
Mr. Christopher Z. Cullen BASc, C.F.A., M.B.A., MBA Senior Vice President NA
Ms. Ann P. Wong (Delaware)CFA, B.A., BA, C.A., C.F.A., C.P.A., CA Vice President and Controller NA
Mr. Jason P. Goletz BA Vice President of Sales & Marketing NA
Mr. Mark A. Caranci B.Com., BComm, C.A., C.P.A. Chief Executive Officer, President and Director NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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