National Bank of Canada (NA) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

ladies and gentlemen thank you for standing by my name is krista and i will be your conference operator today at this time i would like to welcome you to the national bank of canada first quarter 2026 results conference call all lines have been placed on mute to prevent any background noise after the speaker's remarks there will be a question and answer session if you would like to ask a question at that time Simply press star, then the number 1 on your telephone keypad. And if you'd like to withdraw your question, again, press star 1. Thank you. I would now like to turn the conference over to Marianne Roddy. Please go ahead. Merci and welcome, everyone. We will begin the call with remarks from Laurence Ferreira, President and CEO, Marie-Chantal Gingras, CFO, and Jean-Sebastien Grisey, Chief Risk Officer. Our business heads are also present for the Q&A session, including Julie Lévesque, personal banking, Judith Menard, commercial and private banking, Nancy Paquette, wealth management, Etienne Dubuc, capital markets, and Bill Bonnell, international. Before we begin, please refer to slide two of our presentation for forward-looking statements and non-GAAP measures. Management will refer to adjusted results unless otherwise noted. I will now pass the call to Laurent. Merci, Marianne, and thank you everyone for joining us. For the first quarter of 2026, we generated EPS of $3.25, representing an 11% year-over-year increase. Our results were driven by strong performance across our retail and business segments, as well as cost and funding synergies related to the CWB transaction and share buybacks. We generated a return on equity of 16.6%, And our CET1 ratio is solid at 13.7%. This morning, we announced that we are upsizing our NCIB to repurchase up to 14.5 million shares ...