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Earnings

ROYAL BANK OF CANADA REPORTS FIRST QUARTER 2026 RESULTS

By The Northwire Desk — AI Analysis Feb 26, 2026 · 06:00 RY · 237.21 ROYAL BANK OF CANADA
RY · Price

Executive Summary

  • Royal Bank of Canada reported record Q1 2026 net income of C$5.8 billion, up 13% YoY and 6% sequentially.
  • Diluted EPS rose to C$4.03 (up 14% YoY); adjusted diluted EPS was C$4.08, both setting new quarterly records.
  • Capital strength remained robust with a CET1 ratio of 13.7% and $3.3 billion returned to shareholders ($1.0 billion share buybacks, $2.3 billion dividends).

Key Details

  • Net Income: C$5,785 million (↑ 13% YoY, ↑ 6% QoQ)
  • Adjusted Net Income: C$5,861 million (↑ 12% YoY, ↑ 6% QoQ)
  • Diluted EPS: C$4.03 (↑ 14% YoY, ↑ 7% QoQ)
  • Adjusted Diluted EPS: C$4.08 (↑ 13% YoY, ↑ 6% QoQ)
  • Pre‑provision, Pre‑tax Earnings (PPPT): C$8.5 billion (↑ 14% YoY)
  • Return on Equity (ROE): 17.6% (↑ 80 bps YoY) – Adjusted ROE 17.8% (↑ 60 bps YoY)
  • CET1 Ratio: 13.7% (above regulatory minimum) – up 20 bps QoQ
  • Liquidity Coverage Ratio (LCR): 124% (down from 127% QoQ)
  • Total Provisions, Credits & Loans (PCL): C$1.09 billion (↑ 4% YoY) – PCL on loans ratio 41 bps (‑1 bp YoY)

Segment Highlights

  • Personal Banking: Net income C$1,962 million (+17% YoY); NIM up 14 bps.
  • Commercial Banking: Net income C$863 million (+11% YoY).
  • Wealth Management: Net income C$1,295 million (+32% YoY).
  • Insurance: Net income C$213 million (‑22% YoY) but +117% QoQ after prior‑quarter adjustments.
  • Capital Markets: Net income C$1,478 million (+3% YoY); driven by higher Global Markets revenue.

Capital Returns

  • Share Buybacks: $1.0 billion repurchased in the quarter.
  • Dividends: $2.3 billion paid to shareholders.

Outlook & Call

  • Quarterly conference call scheduled for 2026‑02‑26 at 8:30 a.m. EST; webcast and replay available through RBC investor relations site.

Notable Quotes

“RBC entered the 2026 fiscal year in a position of strength across our diversified business model…record results underpinned by strong earnings growth, our robust balance sheet and capital position, and a premium ROE that continues to deliver value for our shareholders.” – Dave McKay, President & CEO

Read the original news release →

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