Slide 1: Investor Presentation Second Quarter 2026
Investor Presentation Second Quarter 2026 May 27, 2026
Slide 2: Caution Regarding Forward-Looking Statements and Non-GAAP Financial Measures
Investor presentation 2 Caution Regarding Forward-Looking Statements and Non-GAAP Financial Measures Certain statements in this document and orally are forward-looking statements. These statements are made in accordance with applicable securities legislation in Canada and the United States.The forwa
Slide 3: Overview
Overview 3 Laurent Ferreira President & Chief Executive Officer
Slide 4: Q2 2026 – Strong quarter
Overview 4 Q2 2026 – Strong quarter Double-digit earnings growth ▪ Diluted EPS: Reported $3.06 up 41% YoY | Adjusted(1) $3.23 up 13% YoY ▪ Balance sheet growth and diversified businesses drove solid topline growth Solid underlying results ▪ Strong progress against CWB cost & funding synergies ▪ Impa
Slide 5: Q2 2026 – Solid execution across all business segments
Overview 5 Q2 2026 – Solid execution across all business segments P&C Banking (YoY Revenue Growth) ▪ Revenue growth reflects strong balance sheet growth + 5% ▪ Personal mortgages(1): up 12% YoY and 2% QoQ ▪ Commercial loans(1): up 5% YoY and 1% QoQ Wealth Management (YoY Revenue Growth) ▪ Double-dig
Slide 6: Financial Review
Financial 6 Review Marie Chantal Gingras Chief Financial Officer and Executive Vice-President, Finance
Slide 7: Q2 2026 – Strong performance across segments
Financial review 7 Q2 2026 – Strong performance across segments Q2 2026 Performance – Total Bank ($MM) ▪ Revenues up 7% YoY Reported Adjusted(1) - Strong performance from Personal Banking, Wealth Management and Treasury $ YoY $ YoY - Record C&IB results and solid Global Markets performance against e
Slide 8: Delivering YoY NII growth in Q2
Financial review 8 Delivering YoY NII growth in Q2 ▪ Reported NII and NIM include the financing costs to support trading activity NII and NIM(1) growth(3) ($MM; NIM on Average Interest-Bearing Assets) 2,090 ▪ Adjusted NII (excl. trading)(2) up 7% YoY 1,938 1,989 1,993 1,862 ▪ Adjusted NII (excl. tra
Slide 9: Continued growth on both sides of the balance sheet
Financial review 9 Continued growth on both sides of the balance sheet Loans(1) Deposits (Ex. Wholesale Funding)(3) ($B) ($B) 332.7 317.8 323.3 294.2 302.9 302.6 304.1 312.0 285.7 292.7 193.4 197.4 204.9 172.2 180.9 62.6 61.6 60.9 59.0 59.4 59.4 60.3 63.5 66.9 68.5 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 (2)
Slide 10: Strong capital position
Financial review 10 Strong capital position CET1 Ratio(1) ▪ CET1 ratio of 13.54%, supported by strong net capital generation (+41 bps) 0.66% (0.25%) 0.13% ▪ RWA growth (ex. FX) of ~$5.3B QoQ (-38 bps) (0.32%) 13.74% (0.38%) 13.54% (0.04%) - Credit Risk RWA up ~$3.5B QoQ (-25 bps), primarily reflecti
Slide 11: Synergies from acquisition of CWB
Financial review 11 Synergies from acquisition of CWB Expecting annualized cost and funding synergies of ~$300MM On track to reach revenue synergies of ~$50MM by end of FY 2026 ($MM) ($MM) $258 $215 ▪ On track to reach $270MM by end ▪ On track to reach ~$50MM by end ~$50 of FY 2026(3) of FY 2026(4)
Slide 12: Risk Management
Risk 12 Management Jean-Sébastien Grisé Executive Vice-President and Chief Risk Officer
Slide 13: Provisions for credit losses (PCL) – Strong credit performance
Risk management 13 Provisions for credit losses (PCL) – Strong credit performance Impaired PCL (excl. Credigy’s POCI) ($MM) Q2 Total PCL Impaired (excl. Credigy’s POCI) Impaired bps (excl. Credigy’s POCI) 32 ▪ Reported total PCL of $233MM (31 bps), including LBC Syndicated Loan 28 28 26 initial prov
Slide 14: Allowance for credit losses (ACL) – Prudent levels
Risk management 14 Allowance for credit losses (ACL) – Prudent levels ACL ($MM) 2,542 2,605 Total Allowances 2,426 2,209 2,285 ▪ Total Allowances cover 5.1x NCOs(3) 988 1010 ▪ Maintaining a prudent level of allowances in light of continued uncertainties 788 896 765 Performing Allowances: +$38MM QoQ
Slide 15: Gross impaired loans (GIL) and formations – Higher net formations QoQ
Risk management 15 Gross impaired loans (GIL) and formations – Higher net formations QoQ GIL excl. Credigy’s POCI Loans(1) GIL excl. Credigy’s POCI Loans(1) ($MM) (bps) 3,588 3,324 3,397 128 2,992 226 221 111 114 2,805 120 119 751 102 109 723 98 110 188 690 98 647 73 93 45 100 608 75 81 81 84 90 74
Slide 16: Appendices
Appendices 16
Slide 17: Q2 2026 Results – Total Bank
Appendix 17 Q2 2026 Results – Total Bank Q2 2026 – Total Bank ($MM) ▪ Strong earnings growth and returns Reported Results Adjusted Results(1) Q2 26 Q1 26 Q2 25 QoQ YoY Q2 26 Q1 26 Q2 25 QoQ YoY ▪ Continued loan growth Revenues 3,907 3,893 3,650 - 7% 3,907 3,893 3,650 - 7% Non-Int. Expenses 2,059 2,0
Slide 18: P&C Banking
Appendix 18 P&C Banking Q2 2026 – P&C Banking ▪ Revenues up 5% YoY: ($MM) - NII up 6% YoY on strong balance sheet growth, partly offset Reported Results Adjusted Results(1) by lower margin Q2 26 Q1 26 Q2 25 QoQ YoY Q2 26 Q1 26 Q2 25 QoQ YoY Revenues 1,488 1,528 1,416 (3%) 5% 1,488 1,528 1,416 (3%) 5
Slide 19: Wealth Management
Appendix 19 Wealth Management Q2 2026 – Wealth Management ▪ Revenues up 14% YoY ($MM) Reported Results Adjusted Results(1) - Fee-based revenues up 16% YoY, mainly reflect Q2 26 Q1 26 Q2 25 QoQ YoY Q2 26 Q1 26 Q2 25 QoQ YoY Revenues 905 899 791 1% 14% 905 899 791 1% 14% market appreciation and net sa
Slide 20: Capital Markets
Appendix 20 Capital Markets Q2 2026 – Capital Markets ▪ Outstanding quarter with revenues >$1B against record quarter in the prior year ($MM) Reported Results Adjusted Results(1) Q2 26 Q1 26 Q2 25 QoQ YoY Q2 26 Q1 26 Q2 25 QoQ YoY ▪ Global Markets revenues of $601MM Revenues 1,074 990 1,101 8% (2%)
Slide 21: USSF&I – Credigy
Appendix 21 USSF&I – Credigy Q2 2026 – Credigy (US$ MM) ▪ Average assets up 10% YoY and 1% QoQ, reflecting solid investment volumes Q2 26 Q1 26 Q2 25 QoQ YoY Revenues 103 115 100 (10%) 3% ▪ NII up 3% YoY primarily driven by asset growth, down $13MM QoQ Net Interest Income(2) 100 113 97 (12%) 3% prim
Slide 22: USSF&I – ABA
Appendix 22 USSF&I – ABA Q2 2026 – ABA Bank (US$ MM) ▪ Net income up 10% YoY Q2 26 Q1 26 Q2 25 QoQ YoY ▪ Loans up 12% and deposits up 15% YoY, with client base up 35% Revenues 193 196 176 (2%) 10% Non-Interest Expenses 69 60 55 15% 25% - Benefiting from leading position in digital payments and cash
Slide 23: Other Segment
Appendix 23 Other Q2 2026 – Other Segment ($MM) ▪ Reported results reflect specified items related to the CWB Reported Results Adjusted Results (1) Transaction(3) and to our intention to acquire Laurentian Bank's retail Q2 26 Q1 26 Q2 25 Q2 26 Q1 26 Q2 25 and SME banking portfolios(4) Revenues 30 42
Slide 24: Retail mortgage and HELOC portfolio
Appendix 24 Retail mortgage and HELOC portfolio (As at April 30, 2026) Canadian Distribution by Province Canadian Distribution by Mortgage Type 53% Uninsured & HELOC HELOC Insured Insured $32.9B(2) $31.2B / 28% / 27% 30% 80% 74% $117.1B 7% 6% 38% 4% 20% 26% 73% 62% 49% 27% 51% QC ON AB BC Other Prov
Slide 25: Retail mortgage rate type and maturity profile
Appendix 25 Retail mortgage rate type and maturity profile (As at April 30, 2026) Canadian Mortgage Distribution by Rate Type ▪ ~92% of our Canadian Mortgage portfolio has been repriced, absorbing the impact of rate increases Variable Rate - 34% of mortgage portfolio is variable rate and the monthly
Slide 26: Total loan portfolio overview
Appendix 26 Total loan portfolio overview Loan Distribution by Borrower Category(1) ▪ Secured lending accounts for 96% of Retail loans (As at April 30, 2026) ▪ Indirect auto loans represent 2.4% of total loans ($7.5B) $B % of Total Retail ▪ Limited exposure to unsecured retail and cards (2% of total
Slide 27: Canadian loan portfolios
Appendix 27 Canadian loan portfolios Geographic distribution Canadian Retail Portfolio 90+ Delinquency Rate (As at April 30, 2026) (bps) British Q1 20 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Quebec Ontario Columbia Alberta Others Total Mortgages 25 21 26 28 29 30 Retail VRM 21 22 23 23 17 16 Secured Mortgage
Slide 28: Prudent provisioning in uncertain economic environment
Appendix 28 Prudent provisioning in uncertain economic environment Strong Performing ACL Coverage Total Allowances Cover 5.1x NCOs Performing ACL / LTM PCL on Impaired Loans (1) Total ACL / LTM Net Charge-Offs (excl. Credigy’s POCI loans) (2) 5.7x 5.9x 5.5x 2.2x 5.0x 5.1x 2.1x 2.1x 2.0x 2.0x 1.8x 2.
Slide 29: Real estate and construction real estate
Appendix 29 Real estate and construction real estate Corporate Banking (3%) Total Portfolio by Sector ($43.9B) ▪ Primarily diversified Canadian REITs (As at April 30, 2026) Short Term Short Term Construction (26%) Construction; $ 11.3B; 26% ▪ Mix of residential construction, land and contractors ▪ L
Slide 30: Daily trading and underwriting revenues vs. VAR
Appendix 30 Daily trading and underwriting revenues vs. VAR ($MM) 50 40 30 20 10 0 February, 2026 March, 2026 April, 2026 (10) (20) Trading P&L Trading VaR (30)
Slide 31: Diversified funding profile & sound liquidity metrics
Appendix 31 Diversified funding profile & sound liquidity metrics Balance Sheet Overview Liquidity Ratios(4) ($B, as at April 30, 2026) (As at April 30, 2026) $620 $620 189% Business & Government Loans Business & (2) 173% 141 Government Deposits 170% Loans 51% 166% 205 161% 155% 154% (1) 152% 150% R
Slide 32: Range of macroeconomic scenarios
Appendix 32 Range of macroeconomic scenarios Canada Real GDP(1) Macroeconomic Forecast: Q2 26 vs. Q1 26(1) ($ Trillions) (Full Calendar Years) 2.60 Downside scenario Next 12 months GDP growth: Base Scenario C2026 C2027 (6.2%) Real GDP (Annual Average % Change) 2.50 As at January 31, 2026 1.2 % 1.8 %
Slide 33: CWB Transaction – Accounting considerations
Appendix 33 CWB Transaction – Accounting considerations Accounting Considerations Related to the Acquisition of CWB - Final PPA(1) ($MM, unless otherwise noted) Estimated P&L impact P&L treatment Amount Comments Pre-tax amount Quarterly EPS Period Adjusted Not Adjusted $ 17 $ (0.03) Q2'25 X $ 27 $ (
Slide 34: Reconciliation of Non-GAAP financial measures
Appendix 34 Reconciliation of Non-GAAP financial measures ($MM, except EPS) Q2 26 Q1 26 Non- Non- Total (6) Income Net Diluted Total (6) Income Net Diluted Interest PTPP PCL Interest PTPP PCL Revenues taxes Income EPS Revenues taxes Income EPS Segment Expenses Expenses Reported Results 3,907 2,059 1
Slide 35: Thank you
Thank you Investor Relations Contact Information www.nbc.ca/investorrelations investorrelations@nbc.ca