Northwire Canada EditionSunday, October 18, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Earnings

National Bank reports its results for the First Quarter of 2026

By The Northwire Desk — AI Analysis Feb 25, 2026 · 06:30 NA · 177.46 NATIONAL BANK OF CANADA
NA · Price

Executive Summary

  • National Bank of Canada reported Q1 2026 net income of C$1,254 million, a 26% increase versus the same period last year.
  • Diluted earnings per share rose to C$3.08, up 11% YoY; adjusted diluted EPS was C$3.25.
  • The Bank announced an amendment to its normal‑course issuer bid, increasing the repurchase limit to 14.5 million shares, and declared a regular dividend of C$1.24 per share payable May 1, 2026.

Key Details

  • Financial Performance
  • Net income: C$1,254 M (↑26% YoY)
  • Adjusted net income: C$1,320 M (↑26% YoY)
  • Diluted EPS: C$3.08 (↑11% YoY)
  • Adjusted diluted EPS: C$3.25 (↑11% YoY)
  • Total revenues: C$3,893 M (↑22% YoY)
  • Income before provisions & taxes: C$1,882 M (↑22% YoY)

  • Return on common shareholders’ equity: 15.7% (down from 16.7%)

  • Segment Highlights (millions of CAD)

  • Personal & Commercial: Net income C$427 M (+47%); revenues C$1,528 M (+27%).
  • Wealth Management: Net income C$272 M (+12%); revenues C$899 M (+16%).
  • Capital Markets: Net income C$443 M (+6%); revenues C$990 M (+9%).
  • U.S. Specialty Finance & International: Net income C$185 M (+1%); revenues C$434 M (+7%).

  • Other: Net loss narrowed to C$73 M from C$135 M.

  • Capital Management

  • CET1 ratio: 13.7% (slightly down from 13.8%).
  • Leverage ratio: 4.3% (down from 4.5%).

  • Normal‑course issuer bid amendment – up to 14.5 million shares may be repurchased, pending regulatory approval.

  • Dividends

  • Board declared a cash dividend of C$1.24 per share on preferred series and common, payable May 1, 2026 (record date March 30, 2026).

  • Strategic Transactions

  • Laurentian Bank of Canada (LBC) transactions:
    • Asset purchase agreement for retail & SME portfolios – closing expected late 2026, contingent on Fairstone’s acquisition of LBC.
    • Loan purchase agreement for syndicated loan portfolio – preliminary purchase price C$646 million (fair‑value estimate).

  • Syndicated loan transaction closed February 17, 2026 at the stated preliminary price.

  • Conference Call & Webcast

  • Call scheduled for Feb 25, 2026, 11:00 a.m. ET; webcast available on nb​c.ca/investorrelations.

Notable Quotes

“The first quarter marks a strong start to the year for the Bank… we are executing on our financial objectives with discipline, driving organic growth and operational efficiency…” – Laurent Ferreira, President & CEO

Materiality Assessment: Material – Positive (significant earnings uplift, dividend increase, share‑repurchase amendment, and disclosed strategic acquisitions.)

Read the original news release →

More from NATIONAL BANK OF CANADA

Jun 23, 2026 · 08:30

National Bank's Wealth Arm Adds ETFs, But +9.4% Run-Up Already Prices In Integration Optimism

Financings Jun 18, 2026 · 06:00

AI consumer survey highlights shifting behavior but delivers no near-term financial catalyst

Other Jun 11, 2026 · 13:00

Routine capital raise and ESG milestone; market remains flat into the print.

M&A / Property Jun 11, 2026 · 11:11

National Bank of Canada Announces Closing of NVCC AT1 Limited Recourse Capital Notes Offering

Financings Jun 04, 2026 · 22:02

National Bank of Canada Raises $600M in NVCC Capital Notes to Bolster Regulatory Buffers Amid Strong Q2 Earnings

Financings May 27, 2026 · 06:31

National Bank’s earnings blitz and sixth consecutive dividend hike underscore post-acquisition muscle, but the market has largely priced in the synergy story.

Other