This is a paid press release. Contact the press release distributor directly with any inquiries.
National Bank reports its results for the Third Quarter of 2026
The financial information reported in this document is based on the unaudited interim condensed consolidated financial statements for the quarter and the nine-month period ended July 31, 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.
MONTREAL, Aug. 26, 2026 /CNW/ — For the third quarter of 2026, National Bank is reporting net income of $1,307 million, up 23% from $1,065 million in the third quarter of 2025. Diluted earnings per share stood at $3.25, up 26% from $2.58 a year earlier, driven by strong performance across all business segments. Excluding specified items(1) recorded in the third quarters of 2026 and 2025, related to the acquisition of Canadian Western Bank (CWB) and transactions with Laurentian Bank of Canada (LBC), adjusted net income(1) stood at $1,362 million, up 23% from $1,104 million in the corresponding quarter of 2025. Adjusted diluted earnings per share(1) stood at $3.39, up 26% from $2.68 a year earlier.
For the nine-month period ended July 31, 2026, the Bank’s net income totalled $3,795 million, up 28% from $2,958 million for the corresponding period of 2025. Diluted earnings per share stood at $9.39 compared to $7.50 for the corresponding period of 2025, an increase of 25%. This growth reflected strong performance across all business segments, lower provisions for credit losses, particularly due to initial provisions for credit losses recorded in the second quarter of 2025 on acquired non-impaired CWB loans, as well as the increased contribution from CWB in 2026, which included an additional quarter of results compared with 2025. Excluding specified items(1) recorded during the nine-month periods ended July 31, 2026 and 2025, adjusted net income(1) totalled $3,985 million, up 20% from $3,320 million for the corresponding period of 2025, while adjusted diluted earnings per share(1) stood at $9.88, up 17% from $8.46 for the nine-month period ended July 31, 2025.
“We delivered strong earnings and revenue growth, as well as a high return on equity, continuing the momentum achieved since the beginning of the year. Our results also reflected positive operating leverage and resilient credit performance, while we maintained robust capital levels,” said Laurent Ferreira, President and Chief Executive Officer of National Bank of Canada.
“Despite trade and geopolitical uncertainty, Canada’s resilience and the retooling of its economy are creating opportunities for growth. We remain focused on supporting our clients and advancing the country’s economic priorities to create long-term value for all our stakeholders,” concluded Mr. Ferreira.
