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National Bank of Canada : Report to Shareholders Q2 2026
National Bank of Canada : Report to Shareholders Q2
About this update from National Bank Of Canada
[{"type":"text","content":"\n \n Report to Shareholders Second Quarter 2026\n \n \n National Bank reports its results for the Second Quarter of 2026 and raises its quarterly dividend by 8 cents to $1.32 per share\n \n \n The financial information reported in this document is based on the unaudited interim condensed consolidated financial statements for the quarter and six-month period ended April 30, 2026 and is prepared in accordance with IAS 34 - Interim Financial Reporting as issued by the International Accounting Standards Board (IASB). All amounts are presented in Canadian dollars.\n \n \n \n MONTREAL, May 27, 2026 - For the second quarter of 2026, National Bank is reporting net income of $1,234 million, up 38% from $896 million in the second quarter of 2025. Diluted earnings per share stood at $3.06 in the second quarter of 2026, up 41% from $2.17 in the second quarter of 2025.\n These increases reflect good performance across the business segments and lower provisions for credit losses, particularly due to the initial provisions for credit losses recorded in the second quarter of 2025 on acquired non-impaired Canadian Western Bank (CWB) loans. Excluding specified items(1) recorded in the second quarters of 2026 and 2025 mainly related to the acquisition of CWB, adjusted net income(1) stood at\n \n \n $1,303 million, up 12% from $1,166 million in the corresponding quarter of 2025. Adjusted diluted earnings per share(1) stood at $3.23, up 13% from\n \n \n $2.85 in the second quarter of 2025.\n \n \n \n For the six-month period ended April 30, 2026, the Bank's net income totalled $2,488 million, up 31% from $1,893 million for the corresponding period of 2025. Diluted earnings per share stood at $6.14 compared to $4.91 for the corresponding period of 2025, an increase of 25%. This growth was driven by good performance across all business segments and the inclusion of CWB's results starting in the second quarter of 2025. Adjusted net income(1) for the six-month period ended April 30, 2026 totalled $2,623 million, up 18% from $2,216 million for the corresponding period of 2025, while adjusted diluted earnings per share(1) stood at $6.48, up 12% from $5.78 for the six-month period ended April 30, 2025.\n \n \n \n \"We delivered strong growth in the second quarter, reflecting the diversification of our business and continued client activity across our fran...