Royal Bank Of Canada (RY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

All participants, please stand by. Your conference is now ready to begin. Good morning, ladies and gentlemen, and welcome to the RBC's 2025 Second Quarter Results Conference Call. Please be advised that this call is being recorded. I would now like to turn the meeting over to Asim Imran, Senior Vice President, Investor Relations. Please go ahead, sir. Thank you, and good morning, everyone. Speaking today will be Dave McKay, President and Chief Executive Officer, Catherine Gibson, Chief Financial Officer, and Graham Hepworth, Chief Risk Officer. Also joining us today for your questions, Erica Nielsen, Group Head Personal Banking, Shana Matagotchi, Group Head Commercial Banking, Neil McLaughlin, Group Head Wealth Management, Derek Nelner, Group Head Capital Markets, and Jennifer Publicover, Group Head Insurance. As noted on slide two, our comments may contain forward-looking statements which involve assumptions and have inherent risks and uncertainties. Actual results could differ materially. I would also remind listeners that the bank assesses its performance on a reported and adjusted basis and considers both to be useful in assessing underlying business performance. To give everyone a chance to ask questions, we ask that you limit your questions and then re-queue. With that, I'll turn it over to Dave. Thanks, awesome, and good morning, everyone, and thank you for joining us. Today we reported second quarter earnings of $4.4 billion. Adjusted earnings were $4.5 billion and included $260 million of earnings from the acquisition of HSBC Bank Canada. This quarter we generated strong pre-provision, pre-tax earnings of nearly $7 billion as we continue to execute the strategies we shared at our investor day. Adjusted pre-tax, pre-provision growth was up 16%, or $971 millio...