Laurentian Bank today reported its second-quarter profit slipped 7%, hurt by lower earnings at its retail banking segment.

The bank said net income fell to $10.6 million, or 33¢ a share, from $11.4 million, or 42¢ a share, in the year-before period.

Income from continuing operations was $11.0 million, or 34¢ a share.

Retail banking income slipped to $4.7 million from $7.3 million, but commercial financial services and Laurentian’s B2B Trust unit gained in the quarter. Brokerage earnings dipped slightly.

Revenue fell to $118 million from $121.5 million.

Laurentian said it put aside $8.8 million in loan loss provisions, down from $10.5 million last year.

Return on equity fell to 4.6% from 5.9%.