National Bank of Canada on 26 August 2026 reported net income of C$1,307 million for its fiscal third quarter ended 31 July, up 23% from C$1,065 million a year earlier. Diluted earnings per share rose 26% to C$3.25 from C$2.58.
Excluding specified items related to the acquisition of Canadian Western Bank and transactions with Laurentian Bank of Canada, adjusted net income rose 23% to C$1,362 million and adjusted diluted EPS increased 26% to C$3.39 from C$2.68. Total revenues rose 18% to C$4,053 million from C$3,449 million.
Return on common shareholders’ equity was 16.1%, up from 13.6% a year earlier, or 16.8% on an adjusted basis, compared with 14.1%. The CET1 capital ratio stood at 13.5% at 31 July, down from 13.8% at 31 October 2025.
GROWTH ACROSS ALL SEGMENTS
Personal and Commercial net income rose 14% to C$421 million, with revenues up 7%. Wealth Management net income increased 21% to C$296 million on an 18% rise in revenues to C$955 million. Capital Markets net income climbed 32% to C$442 million as revenues rose 34% to C$1,041 million, driven by global markets. U.S. Specialty Finance and International net income rose 3% to C$184 million.
“We delivered strong earnings and revenue growth, as well as a high return on equity, continuing the momentum achieved since the beginning of the year,” said Laurent Ferreira, President and Chief Executive Officer.
ROE TARGET
On the analyst call, management reaffirmed its target of a return on equity of 17% or more by 2027. The board declared a quarterly dividend of C$1.32 per common share, payable on 1 November 2026 to shareholders of record on 28 September.