Scotiabank Comments on Expected Contribution from KeyCorp's Third Quarter Earnings

Executive Summary

• Scotiabank expects its ownership interest in KeyCorp to contribute approximately CAD $74 million to net income in Q4 2025 (based on KeyCorp’s Q3 2025 results).
• After adjusting for amortization of acquired intangible assets (~CAD $8 million), the adjusted contribution rises to roughly CAD $82 million.
• The bank will release its full fourth‑quarter financial results and host an earnings conference call on December 2, 2025.

Key Details

• Expected net income contribution from KeyCorp (reported basis): CAD $74 million for Q4 2025.
• Adjusted net income contribution (excluding intangible asset amortization): CAD $82 million.
• Adjustment amount: ≈ CAD $8 million representing amortization of acquired intangibles.
• Contribution reflects KeyCorp’s Q3 2025 net income, includes acquisition‑related and other accounting impacts, is net of Scotiabank’s funding costs, and is reported on a one‑month lag.
• Full fourth‑quarter results and earnings conference call scheduled for December 2, 2025 (details to be announced closer to the date).

Notable Quotes

(No direct quotes were provided in the release.)