EDMONTON, AB, May 23, 2024 /CNW/ - Throughout fiscal year 2024, ATB Financial achieved significant milestones and delivered solid financial results. Reflecting BackDespite the economic volatility of the past year, ATB Financial reported record total revenue of $2.0 billion (up 4.6 per cent from last year). Strong growth in its overall loan portfolio, now exceeding $51.0 billion, was the primary driver in the uptick in total revenue. Moreover, ATB Wealth recorded record-high assets under administration totalling $28.6 billion. "Throughout the year, our team members have worked hard to show up in meaningful ways for our clients. With deep expertise and strong market offerings we empower our clients to reach their goals, providing them with a distinct advantage. Our own financial performance has further instilled a confidence that ATB Financial will continue to be a catalyst for growth in the years ahead," said Curtis Stange, President & CEO, ATB Financial. "Proudly this year, we announced we are in a position, for the first time in our history, to declare ATB dividends. This will help build a stronger Alberta now and for the future." Net income was $336.8 million (down 21.4 per cent from last year). The decline in net income is primarily due to the increase of $106.8 million in the provision for loan losses, aligning it more closely with historical norms. Specifically, the loan loss provision increased to $131.5 million compared to the previous fiscal year of $24.6 million mainly due to our loan portfolio growing ...