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# Scotiabank Q1 Fiscal 2025 Adjusted Earnings Rise 7% but $1.36 Billion LatAm Impairment Depresses Reported Profit
- URL: https://www.theglobalbanker.com/scotiabank-q1-fy2025-adjusted-earnings-rise-latam-impairment-depresses-reported-profit/
- Published: 2025-02-25T13:49:00.000Z
- Updated: 2026-10-02T13:47:53.000Z
- Description: Scotiabank posted Q1 fiscal 2025 adjusted net income of $2.36bn, up 7% year-on-year, but a $1.36bn impairment on a planned LatAm divestiture cut reported profit to $993m.
- Author: TGB Editorial Team
- Tags: Banking News, Americas, #archive

Scotiabank reported first-quarter fiscal 2025 adjusted net income of $2.362 billion, a 7% increase year-on-year, with adjusted earnings per share of $1.76 and an adjusted return on equity of 11.8%. The results were released on 25 February 2025.

Reported net income for the quarter was $993 million, or $0.66 per share, after the bank recognised a $1.355 billion impairment charge linked to the agreed sale of its banking operations in Colombia, Costa Rica and Panama to Davivienda. Total revenue for the quarter reached $9.372 billion.

#### INTERNATIONAL BANKING

International Banking generated adjusted earnings of $692 million in the quarter, a 7% decline year-on-year, reflecting more normalised business banking and capital markets performance relative to record results a year earlier. 

#### CANADIAN BANKING

Canadian Banking adjusted earnings fell 6% to $914 million, as solid loan and deposit growth was more than offset by higher provisions for credit losses and expenses. The group adjusted result of $2.362 billion excludes the impairment and other non-recurring items; adjusted return on equity was 11.8% compared with 11.9% a year earlier.