Royal Bank Of Canada · TSX:RY
Royal Bank Of Canada — Debt Investor Presentation (2026)
88 slides from Royal Bank Of Canada's debt investor presentation, 2026
Slide 1: Royal Bank of Canada Fixed Income Investor Presentation Q3/2026
Royal Bank of Canada Fixed Income Investor Presentation Q3/2026 All amounts are in Canadian dollars, unless otherwise specified, and are based on financial statements prepared in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. Totals may not
Slide 2: Caution regarding forward looking statements
Caution regarding forward looking statements From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including the “safe harbour” provisions of the United States (U.S.) Private Securities Litigation Reform Act of 1995 and any applicable Ca
Slide 3: Contents
01 | Enterprise Overview & Strategy 4 Contents 02 | Business Segments: Overview & Performance 12 Personal Banking 13 Commercial Banking 16 Canadian Banking 19 Wealth Management 21 Capital Markets 26 Insurance 31 U.S. Region 33 03 | Risk Overview 36 04 | Capital Profile 46 05 | Liquidity & Funding 51
Slide 4: Enterprise Overview & Strategy
Enterprise Overview & 01 Strategy 4
Slide 5: Over 150 years of history in providing value to our clients
Sponsors Over 150 years of history in providing Large Commercial & Corporates value to our clients Mid-Market Corporations Small Businesses Our Purpose Our Vision Mass Retail Helping clients thrive To be among the world’s most trusted and communities prosper and successful financial institutions Mas
Slide 6: Accelerating Our Ambitions
Accelerating Our Ambitions Client Focused, Future Ready Leveraging the core to Further upside from accelerate our organic growth strategic initiatives Leading franchises diversified by geography and client segments underpinned by the foundation of OneRBC Increase market share across our Canadian bus
Slide 7: We have a diversified business model across geographies
We have a diversified business model across geographies LTM(1) Q3/26 Wealth Management 34% Total revenue Canada 63% Personal Banking 29% Revenue mix $71BN by segments(2) United States 26% Capital Markets 22% and regions Commercial Banking 13% ~52% Other 11% Non-interest income international Insuranc
Slide 8: Our strong capacity to invest and leading value proposition drive growth
Our strong capacity to invest and leading value proposition drive growth in our increasingly global franchises Investing for growth Increased value Leading franchises at scale #1 Leading Talent in Canada(4) ~1:1 125% Canadian Banking Liquidity Personal Banking | Commercial Banking Loan-to-Deposit Co
Slide 9: Strong financial profile: Maintaining a strong capital position with a disciplined approach to risk
Strong financial profile: Maintaining a strong capital position with a disciplined approach to risk Resilient Earnings | Net Income | $ BN Premium Return on Equity(2) Strong Capital Position 2024 2025 Q3/25 Q3/26 Total Capital Common Equity Tier 1 (CET1)(2) Adjusted Net ROA(2) 0.77% 0.85% 0.89% 0.88
Slide 10: Bringing our bold AI ambition to life
Bringing our bold AI ambition to life Reimagining retail credit adjudication Mortgage reimagination Aiden $700MM to $1BN Enterprise value AI, data and Commercial generated from AI(1) Personalized credit delivery and higher control platform transformation Target by 2027 client engagement Upskilling D
Slide 11: OneRBC
OneRBC Connecting our businesses to serve clients more holistically Connecting our businesses… … and connecting our capabilities for our clients’ needs within our businesses Capital Supporting Extending Corporate Global Investment our client Advisory & Markets Banking Markets Banking activities Orig
Slide 12: Business Segments Overview & Performance
Business Segments 02 Overview & Performance 12
Slide 13: Personal Banking
1 Personal Banking 13
Slide 14: Extend our position as the undisputed leader in Canada
PERSONAL BANKING Extend our position as the undisputed leader in Canada Leveraging the core to Further upside from accelerate our organic growth strategic initiatives Leading distribution network in Canada across branches, ATMs, digital channels Optimize channels to fuel growth, drive efficiency and
Slide 15: Personal Banking
PERSONAL BANKING Personal Banking Revenue | $BN Net Interest Margin(2) Efficiency ratio(2) Net Income | $BN International Banking (1) Personal Banking Canada net interest income Personal Banking Canada non-interest income 19.9 17.3 1.3 1.1 5.1 4.7 2.66% 2.68% 2.68% 43.2% 40.3% 7.1 2.43% 38.7% 40.2%
Slide 16: Commercial Banking
2 Commercial Banking 16
Slide 17: To be the Bank of Choice for all businesses in Canada
COMMERCIAL BANKING To be the Bank of Choice for all businesses in Canada Leveraging the core to Further upside from accelerate our organic growth strategic initiatives Maximizing value of HSBC Canada acquisition to Leading commercial bank across generate synergies and differentiate with clients with
Slide 18: Commercial Banking
COMMERCIAL BANKING Commercial Banking Revenue | $BN PPPT(1) | $BN Efficiency ratio(2) Net income | $BN 8.6 5.7 3.0 2.8 7.4 4.9 34.0% 33.1% 32.4% 32.2% 2.2 2.3 1.5 1.5 0.8 0.9 2024 2025 Q3/25 Q3/26 2024 2025 Q3/25 Q3/26 2024 2025 Q3/25 Q3/26 2024 2025 Q3/25 Q3/26 Average deposits | $BN Average net lo
Slide 19: Canadian Banking
3 Canadian Banking 19
Slide 20: Canadian Banking
CANADIAN BANKING Canadian Banking Revenue Mix(1) Continued efficiency improvements while investing for growth NIAT(2) growth Efficiency Ratio(4) 18% 8% 36.2% 44.0% 31% Peer Peer Personal Banking - Canada average(6) average(6) Commercial Banking PPPT(3) growth NIM(5) growth 13% 7% 7 bps 8 bps 69% Pee
Slide 21: Wealth Management
4 Wealth Management 21
Slide 22: Leading Global Wealth and Asset Manager
WEALTH MANAGEMENT Leading Global Wealth and Asset Manager Leveraging the core to Further upside from accelerate our organic growth strategic initiatives Leading Canadian wealth management franchise with Build and deepen relationships with U.S. Wealth holistic wealth solutions and a comprehensive sui
Slide 23: Wealth Management
WEALTH MANAGEMENT Wealth Management Revenue | $BN Net income | $BN Pre-tax margin Return on Equity(1) 22.4 4.3 29.3% 21.5% 19.6 24.5% 25.4% 3.4 21.8% 16.6% 17.0% 14.4% 6.4 1.4 5.5 1.1 2024 2025 Q3/25 Q3/26 2024 2025 Q3/25 Q3/26 2024 2025 Q3/25 Q3/26 2024 2025 Q3/25 Q3/26 Assets Under RBC GAM Assets
Slide 24: Wealth Management
WEALTH MANAGEMENT Wealth Management Canadian Wealth Management RBC Dominion Securities: ▪ Maintain profitable growth with strong pre-tax margin Fee-based Assets per Advisor(1) | $ MM ▪ #1 HNW and UHNW market share in Canada(1) ▪ Canadian leader in fee-based assets per advisor(1) 1.58x vs. ▪ Consiste
Slide 25: Wealth Management U.S. Region
WEALTH MANAGEMENT Wealth Management Wealth Management U.S. Region RBC Wealth Management-U.S. ▪ 6th largest U.S. full-service wealth advisory firm ranked by assets under administration(1) ▪ Enhancing the client-advisor experience through a digitally-enabled, goals-based planning approach and strength
Slide 26: Capital Markets
5 Capital Markets 26
Slide 27: To be the most trusted Investment Bank and a leading global partner to our clients
CAPITAL MARKETS To be the most trusted Investment Bank and a leading global partner to our clients Leveraging the core to Further upside from accelerate our organic growth strategic initiatives Build new and deepen client relationships, A leading global capital markets firm with driven by growth in
Slide 28: Capital Markets
CAPITAL MARKETS Capital Markets Revenue by business(1,2) | $BN Revenue by region | $BN Efficiency ratio(4) Equities FICC Lending & Investment U.S. Canada UK and Europe APAC and Other Transaction Banking Banking (3) 14.4 14.4 12.0 2.3 12.0 Global 1.5 7.1 Markets 5.2 6.1 4.4 Corporate 58.4% 55.2% 54.8
Slide 29: Strategic Priorities
CAPITAL MARKETS Capital Markets Strategic Priorities Build new and deepen ▪ Grow corporate relationships with expanded sector coverage and leverage sponsor franchise to capture private capital opportunities client relationships ▪ Expand institutional client coverage, focused on banks, insurance and
Slide 30: Capital Markets
CAPITAL MARKETS Capital Markets Capital Markets Total Average Assets | $ BN Average Loans Outstanding by Region(1) | $ BN Geographic Diversification Across Loan Book 659 669 627 643 619 150 155 139 142 133 39 41 38 38 1,574 38 1,462 1,454 1,329 1,354 70 76 78 61 66 34 35 34 35 36 Q3/25 Q4/25 Q1/26 Q
Slide 31: Insurance
6 Insurance 31
Slide 32: Insurance
INSURANCE Insurance Strategic Priorities Highlights ▪ Harness the power of RBC and the RBC brand to grow our Insurance business #1 Canadian bank-owned life insurance company(1) serving ~4.8 million clients ▪ Deliver a market-leading client experience #1 in individual disability new business sales(2)
Slide 33: U.S. Region
7 U.S. Region 33
Slide 34: Winning as OneRBC as the partner of choice for our clients
U.S. REGION Winning as OneRBC as the partner of choice for our clients Starting with strong standalone franchises # 10 OneRBC Global Investment Bank(2) brings all products and services Top 25 together for our Commercial Bank(3) clients regardless and Leading of origination Entertainment Bank channel
Slide 35: U.S. Region
U.S. REGION U.S. Region City National Bank NIAT | US$BN Efficiency ratio(1) CNB NIAT | US$MM 2.7 83.5% 79.2% 81.5% 350 74.2% 2.1 184 144 0.8 114 0.6 2024 2025 Q3/25 Q3/26 2024 2025 Q3/25 Q3/26 2024 2025 Q3/25 Q3/26 Return on Equity Contribution to total bank earnings CNB loan balance | US$BN Consume
Slide 36: Risk Overview
03 Risk Overview 36
Slide 37: Prudent risk management: A disciplined approach and diversification have underpinned credit quality
Prudent risk management: A disciplined approach and diversification have underpinned credit quality Loan Book Diversified by Portfolio PCL on Impaired Loans by Portfolio in Canada(2) Personal Loans Small Business Residential Mortgages 11% 6% 4% 28% Residential Mortgages 46% Personal Loans Credit Car
Slide 38: Historical Loss Rates
Historical Loss Rates(1) Advances in credit lending practices and standards (including underwriting policies, enhanced measurement tools, stress testing, and monitoring) have been incorporated into our credit risk framework GFC Oil Price Downturn COVID-19 Pandemic 0.75% 0.70% 0.65% 0.60% 0.55% 0.50%
Slide 39: Allowance for Credit Losses: Maintaining prudent reserve levels on performing loans
Allowance for Credit Losses: Maintaining prudent reserve levels on performing loans Q3/26 Allowance for Credit Losses (ACL) on Loans & Acceptances (L&A) | $ MM L&A: $1,086BN L&A: $1,116BN ACL to L&A: 0.72% ACL to L&A: 0.70% PCL on Performing Loans of $21MM 979 (1,038) (10) (15) 46 Refer to Slide 41
Slide 40: Gross Impaired Loans: Higher new formations driven by a few sectors in Capital Markets
Gross Impaired Loans: Higher new formations driven by a few sectors in Capital Markets Gross Impaired Loans (GIL) | $ MM | BPS Key Drivers of GIL (QoQ) 91 ▪ Total GIL increased $353MM QoQ (up 1 bp), primarily due to higher impaired loans in 86 90 85 83 Capital Markets and Wealth Management, partiall
Slide 41: PCL on Impaired Loans: Continues to normalize across most segments
PCL on Impaired Loans: Continues to normalize across most segments ▪ Capital Markets: Provisions were up $148MM QoQ, Total RBC | $ MM | BPS Wealth Management (including CNB) | $ MM | BPS largely driven by a previously impaired account in the YTD PCL Other Services sector, as well as higher provision
Slide 42: Select Personal Portfolios: Strong client profile
Select Personal Portfolios: Strong client profile Personal Banking - Canada PCL on Impaired Loans and Gross Impaired Loans Personal Banking - Canada Retail Credit Bureau Score Distribution (Q3/26) Q3/26 PCL on Impaired Loans Gross Impaired Loans Avg Credit Avg Loan (bps)(1) (bps) Bureau 4.2% <636 Ba
Slide 43: Canadian Residential Portfolio: Strong underlying credit quality
Canadian Residential Portfolio: Strong underlying credit quality Canadian Residential Mortgage Portfolio(1) | $ BN Canadian Banking RESL Portfolio(2) $239.2 Total $479BN Uninsured $418BN Insured Uninsured Mortgage Balance $439BN $378BN $90.2 $383.1 (19%) (81%) HELOC Balance $40BN $40BN LTV at Origin
Slide 44: Select Non-Personal Portfolios: Strong credit quality
Select Non-Personal Portfolios: Strong credit quality Total Wholesale Exposure | $434BN; 39% of total L&A Spotlight on Select portfolios ▪ Commercial Real Estate (CRE): $108BN or 10% of total L&A Real estate and related − The portfolio was originated with sound lending standards and remains well-div
Slide 45: Allowance for Credit Losses: Prudently reserved
Allowance for Credit Losses: Prudently reserved Allocation of ACL by Product as a % of Loans & Acceptances Q3/25 Q2/26 Q3/26 Historical Actual Loss Rate(3) Product Stage 1 & 2 Total Stage 1 & 2 Total Stage 1 & 2 Total Average Peak(4) Residential mortgages(1) 0.10% 0.16% 0.11% 0.18% 0.10% 0.18% 0.02%
Slide 46: Capital Profile
04 Capital Profile 46
Slide 47: Creating long-term shareholder value
Creating long-term shareholder value Earnings growth and internal capital generation Driving shareholder returns through dividend increases and tactical share buybacks Historical average of annualized share buybacks 0.83% 0.87% 0.90% over opening common shares outstanding Adjusted(1) Adjusted(1) Adj
Slide 48: Creating sustainable shareholder value by driving both premium growth and profitability
Creating sustainable shareholder value by driving both premium growth and profitability Taking advantage Organic Deployment of opportunities of Capital (QoQ tomovement, strategically $BN) deploy capital to drive organic Strategic initiatives(5) to continue to drive shareholder value (1) RWA growth a
Slide 49: Capital: Strong position supports continued investment in businesses and shareholder returns
Capital: Strong position supports continued investment in businesses and shareholder returns CET1(1) Movement 80 bps (34) bps ▪ CET1 ratio(1) of 13.5%, flat QoQ, reflecting: (30) bps (21) bps 1 bp + Strong net internal capital generation − Higher RWA(1) supporting strong client-driven business growt
Slide 50: Capital position
Capital position • Strong capital position well above regulatory minimums • Diversified sources of capital optimize available capacity Capital Position Overview Tier 2 Capital Composition(2) Total Capital: 16.7% 2% USD Tier 2 2% JPY 1.8% CAD Tier 1: 14.9% Min. Total Capital: 14.6% Additional Tier 1
Slide 51: Liquidity & Funding
Liquidity 05 & Funding 51
Slide 52: Well-diversified wholesale funding platform
Well-diversified wholesale funding platform • Well-diversified across products, currencies, investor segments and geographic regions • Raise majority of funding in international markets, preserving significant domestic capacity which can be more readily tapped in stressed market conditions • Regular
Slide 53: Strength of a high-quality liquid balance sheet
Strength of a high-quality liquid balance sheet Assets Liabilities and Capital $2,499 BN $2,499 BN Wholesale Funding / Cash and Reverse Repos Liquid Assets: Unsecured Funding 116% coverage Wholesale Funding Liquid Assets 37% 43% Trading and Investment Securities Secured Short-Term Funding Personal D
Slide 54: Macroeconomic Outlook
Macroeconomic 06 Outlook 54
Slide 55: Canada's strong fiscal position
Canada’s strong fiscal position ▪ Strong rating as a result of fiscal prudence, conservative bank lending practices and a solid economy ▪ Lowest net debt(1)-to-GDP ratio among peer countries noted below Net Debt(1) as a % of GDP Canada Sovereign Credit Ratings(2) (2026 forecast as of April 2026) 129
Slide 56: Canada's well-diversified economy
Canada’s well-diversified economy • Canada has a well diversified economy both in terms of sectors and provinces • Tariffs imposed on U.S. imports from Canada remain low relative to other U.S. trade partners and we expect most Canadian exports to maintain duty free access to the U.S. market through
Slide 57: Per-capita economic growth improving
Per-capita economic growth improving ▪ Economic growth is expected to remain positive across most advanced economies, including Canada, the Euro area, the U.K. and the U.S. ▪ Significant international trade uncertainties remain, but the Canadian economy is entering a modest cyclical recovery after a
Slide 58: 2026 Economic Outlook
2026 Economic Outlook Projected Economic Indicators for 2026(1) Interest Rate Current Account GDP Growth Inflation Unemployment Rate Budget Surplus/GDP(3) (3 mth T-bills) Balance/GDP(2) Canada 0.9% 2.6% 6.5% 2.25% (0.2)% (2.7)% U.S. 2.1% 3.2% 4.3% 3.75% (3.7)% (7.5)% Euro Area 0.9% 2.8% 6.4% N.A. 1.
Slide 59: Canadian Housing Market
Canadian 07 Housing Market 59
Slide 60: Canada's housing market: Confidence remains fragile
Canada’s housing market: Confidence remains fragile ▪ Home resale activity has picked up modestly since late spring, pointing to a gradual recovery getting back on track. It’s been a struggle to sustain forward momentum these last few years with affordability issues continuing to pose challenges and
Slide 61: Property values are easing in parts of the country
Property values are easing in parts of the country Home prices are declining in some of Canada’s largest markets Active listings Canada and Provinces(2) Composite MLS 1 Home Price Index Active listings on MLS 40 Annual % change Number of units, seasonally adjusted 160,000 Vancouver Rest of Canada 30
Slide 62: Canadians have significant equity ownership in their homes
Canadians have significant equity ownership in their homes ▪ Canadians carry a significant share of equity in their homes Canadians maintain high levels of equity in their homes ▪ Growth in residential mortgages has been modest since reaching a 14-year high in the Equity ownership(1) early months of
Slide 63: Structural backdrop to the Canadian and U.S. housing markets
Structural backdrop to the Canadian and U.S. housing markets Canada(1) U.S.(1) Regulation ▪ Government influences mortgage underwriting policies primarily ▪ Agency insured only if conforming and LTV under 80% through control of insurance eligibility rules ▪ No regulatory LTV limit – can be over 100%
Slide 64: Legislation and policies – promoting a healthy Canadian housing market
Legislation and policies – promoting a healthy Canadian housing market March 2026 – Governments of Ontario and Canada ▪ Full rebate of the HST on the purchase of new homes in Ontario of up $1 million and partial rebate on new homes between $1 million and $1.85 million by any buyer between April 1, 2
Slide 65: Legislation and policies – promoting a healthy Canadian housing market
Legislation and policies – promoting a healthy Canadian housing market January 2023 – Government of Canada ▪ Two-year ban on foreign buyers of non-recreational residential properties came into effect ▪ Anti-flipping tax applying to capital gains made on principal residences bought and sold within le
Slide 66: Legislation and policies – promoting a healthy Canadian housing market
Legislation and policies – promoting a healthy Canadian housing market February 2018 – Government of British Columbia ▪ The British Columbia (B.C.) government introduced a 30-point plan to address housing affordability issues. It included a new speculation tax (2% of assessed value) on homeowners wh
Slide 67: Legislation and policies – promoting a healthy Canadian housing market
Legislation and policies – promoting a healthy Canadian housing market December 2015 – Department of Finance ▪ Minimum down payment for new government-backed insured mortgages increased from 5% to 10% for the portion of the value of a home being purchased that is between $500,000 and $999,999 (came
Slide 68: Appendix
Appendix 68
Slide 69: Key features of the Canadian bank bail-in regime
Key features of the Canadian bank bail-in regime(1) Single Class of Term Debt No Creditor Worse Off Principle ▪ Post September 23, 2018, senior unsecured term debt with original or amended ▪ Bailed-in senior holders should not incur greater losses through resolution versus liquidation term > 400 day
Slide 70: Bail-in comparison across jurisdictions
Bail-in comparison across jurisdictions ▪ As a result of the No Creditor Worse Off principle, the resolution recovery value would not depend solely on the value of the common shares received in a bail-in conversion and would factor in the liquidation value ▪ Liquidation value is still required to be
Slide 71: Mechanics of the bail-in conversion
Mechanics of the bail-in conversion When Can a Bail-in Occur? ▪ CDIC’s bail-in power is activated when the Superintendent (OSFI) determines the D-SIB has reached a point of non-viability and cannot be restored by the exercise of the Superintendent’s powers, and the federal government, relying on a r
Slide 72: Non-viability contingent capital
Non-viability contingent capital NVCC Instruments Overview Instrument Structure Well-Aligned with International Norms ▪ All issued Additional Tier 1 (AT1) and Tier 2 regulatory instruments must include a NVCC ▪ No incentives to redeem permitted (i.e. no step up of coupon rate / spread) provision ▪ M
Slide 73: Limited Recourse Capital Notes Overview
Limited Recourse Capital Notes Overview ▪ Limited Recourse Capital Notes (“LRCNs”) are a legal form of debt instrument with a dated maturity issued by RBC to institutional investors ▪ Qualifies as Additional Tier 1 Capital as investors’ sole recourse is limited to underlying Non-Cumulative Fixed Rat
Slide 74: LRCN structure
LRCN structure Structure Overview Ongoing Cash Flows Transaction Unwind / Non-Payment on Notes Proceeds 1 Consideration Investors RBC Investors RBC Investors RBC 3 Contribution Interest payments on LRCN (prior to a Transfer Date1) LRCN Consideration Preferred 1 2 RBC Preferred 2 1 Shares 2 Shares Co
Slide 75: Golden Credit Card Trust (GCCT) Program
Golden Credit Card Trust (GCCT) Program Issuer Golden Credit Card Trust Transaction Structure Bloomberg Ticker GCCT <MTGE> Sponsor/Seller/Servicer Royal Bank of Canada, Moody’s: Aa1 | Fitch: AA+| DBRS: AA (high)(1) Outstanding Receivables C$13.56 billion Class A: Aaa(sf) / AAA(sf) / AAA(sf) Rating o
Slide 76: GCCT legal structure
GCCT legal structure Structural Overview GCCT Legal Structure ▪ The current legal structure is shown at right, with the addition of the Golden LP Credit Card Obligors (the Depositor) added to the structure Principal and Finance Charges GCCT Legal Structure Notes Purchase of Series Royal Bank of Cana
Slide 77: Legislative covered bond program
Legislative covered bond program Issuer Royal Bank of Canada Owner Occupancy – Cover Pool RBC Covered Bond Guarantor Limited Partnership (Guarantor LP), a bankruptcy Non-owner Guarantor 19.9% remote, special-purpose entity Occupied EUR75(1) billion Global Program, registered pursuant to the National
Slide 78: Covered bonds – structural overview
Covered bonds – structural overview ▪ RBC sells eligible mortgages to the Guarantor LP − Registered title to the mortgages in the name of RBC until occurrence of a 1 Mortgage trigger event, at which point title will be transferred to the Guarantor Sale − RBC continues to service the mortgages until
Slide 79: Structural features
Structural features ▪ Covered bonds are a direct obligation of RBC, backed by an unconditional and irrevocable guarantee as to payments by the Guarantor LP − The guarantee is collateralized by a pool of high-quality residential mortgages Structure ▪ Mortgages in the cover pool are sold to the Guaran
Slide 80: Glossary & Additional Notes
Glossary & Additional Notes 80
Slide 81: Glossary
Glossary Assets under administration (AUA): ▪ Assets administered by us, which are beneficially owned by clients, unless otherwise noted. Services provided in respect of assets under administration are of an administrative nature, including safekeeping, collecting investment income, settling purchas
Slide 82: Glossary
Glossary Net Interest Margin (NIM): ▪ Calculated as net interest income divided by average earning assets, net. Net stable funding ratio (NSFR): ▪ The NSFR is a Basel III standard that requires institutions to maintain a stable funding profile defined as available amount of stable funding (ASF) in r
Slide 83: Additional Notes
Additional Notes Capital Markets market share is based on revenue compared to peers as of FY2025, including BMO, BNS, CM, TD and NA. Capital Markets global investment banking ranking is based on Dealogic LTM Note 1 Q3/26. Based on publicly available information for full-service wealth advisory firms
Slide 84: Non-GAAP Measures & Ratios
Non-GAAP Measures & Ratios 84
Slide 85: Non-GAAP measures and ratios
Non-GAAP measures and ratios We use a variety of financial measures and ratios to evaluate our performance. In addition to generally accepted accounting principles (GAAP) prescribed measures, we use certain key performance and non-GAAP measures and ratios we believe provide useful information to inv
Slide 86: Reconciliation for non-GAAP financial measures
Reconciliation for non-GAAP financial measures Calculation of Adjusted Net Income and Adjusted Diluted EPS 9 Months 9 Months $ millions (unless otherwise stated) 2024 2025 2025 2026 Q3/25 Q2/26 Q3/26 All-bank Net Income 16,240 20,369 14,935 17,318 5,414 5,509 6,024 Less: Non-controlling interests (N
Slide 87: Reconciliation for non-GAAP financial measures
Reconciliation for non-GAAP financial measures Calculation of PPPT Calculation of PPPT $ millions (unless otherwise stated) 2024 2025 Q3/25 Q3/26 $ millions (unless otherwise stated) 2024 2025 Q3/25 Q3/26 All-Bank Wealth Management Net income 16,240 20,369 5,414 6,024 Net income 3,422 4,289 1,096 1,
Slide 88: Investor Relations Contact
Investor Relations Contact Asim Imran Senior Vice President, Head of Investor Relations (416) 955-7804 www.rbc.com/investorrelations ®/ Trademark(s) of Royal Bank of Canada. ‡ All other trademarks are the property of their respective owner(s). 88
Royal Bank of Canada — Debt Investor Presentation (2026) on 6ix