Revenue was $9.80 billion, up from $8.53 billion within the year-ago quarter. The bank’s provisions for loan losses were $1.11 billion within the quarter, up from $1.03 billion a yr earlier.
On an adjusted basis, Scotiabank said it earned $1.93 per diluted share in essentially the most recent quarter, compared with adjusted earnings of $1.57 per diluted share a yr ago. Analysts on average had expected an adjusted profit of $1.84, in response to estimates from LSEG Data & Analytics.
Scott Thomson, CEO of Scotiabank, said 2025 was a really positive yr for the bank. “We delivered better results during the year by strengthening our balance sheet, improving our loan-to-deposit ratio and increasing return on equity,” Thomson said in a press release. “This quarter, all of our businesses reported year-over-year profit growth, with Global Wealth Management and Global Banking and Markets being particularly strong and Canadian Banking results improving.”
The bank’s global asset management business generated net income attributable to shareholders of $447 million, up from $380 million within the year-ago quarter, while its global banking and markets business generated $519 million within the quarter, up from $347 million a yr ago.
Scotiabank’s Canadian banking operations generated $941 million in essentially the most recent quarter, up from $934 million in the identical quarter last yr. Meanwhile, Scotiabank’s international banking division generated net income attributable to the bank’s shareholders of $634 million within the quarter, up from $600 million a yr earlier.
National Bank reports fourth-quarter profit of $1.06 billion and increases dividend
National Bank of Canada (TSX:NA)
Numbers for the fourth quarter:
- Benefit: $1.06 billion (up from $955 million a yr ago)
- Revenue: $3.70 billion (was $2.94 billion)
National Bank of Canada increased its dividend because it reported fourth-quarter profit of $1.06 billion. The bank said Wednesday that it can now pay a quarterly dividend of $1.24 per share, a rise of six cents.
National Bank, which said Tuesday it’s buying Laurentian Bank’s retail and small business segments, said its fourth-quarter profit was $2.57 per diluted share, compared with net income of $955 million, or $2.66 per diluted share, a yr ago when it had fewer shares outstanding.
Revenue for the quarter ended Oct. 31 was $3.70 billion, up from $2.94 billion a yr earlier.
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The bank’s provisions for loan losses were $244 million, up from $162 million within the year-ago quarter. On an adjusted basis, National Bank said it earned $2.82 per diluted share in its most up-to-date quarter, in comparison with adjusted earnings of $2.58 per diluted share in the identical quarter last yr. Analysts on average had expected adjusted earnings of $2.62 per share, in response to LSEG Data & Analytics estimates.
“With our strengthened national presence, diversified business mix, strong capital ratios and prudent credit profile, we are well positioned to generate further growth and superior returns in a macro environment that remains complex,” National Bank Chief Executive Officer Laurent Ferreira said in a press release.
The bank said its retail and business banking group earned $319 million in essentially the most recent quarter, down from $327 million a yr earlier, because it was hit by costs related to its acquisition of Canadian Western Bank.
National Bank’s asset management business generated $258 million, up from $219 million, while its capital markets division brought in $432 million, up from $306 million.
National Bank’s U.S. specialty financing and international business generated $174 million, up from $157 million within the year-ago quarter.
RBC reports record fourth-quarter profit, but CEO raises concerns about uneven economic recovery
Royal Bank of Canada (TSX:RY)
Numbers for the fourth quarter:
- Benefit: $5.43 billion (up from $4.22 billion a yr ago)
- Revenue: $17.21 billion (was $15.07 billion)
Royal Bank of Canada significantly beat analysts’ expectations because it reported record fourth-quarter results that showed rising profits across most business units.
The bank said Wednesday it made a profit of $5.43 billion within the quarter ended Oct. 31, compared with a profit of $4.22 billion a yr earlier, as capital markets, wealth management and private and business banking all posted higher returns, offset by lower ends in insurance. The results helped RBC increase its quarterly dividend to $1.64 per share from $1.54 per share.
The bank expects continued strength and is increasing its return on equity goal from 16 percent to 17 percent.
