National Bank of Canada ( (NTIOF) ) has released its Q3 earnings. Here is a breakdown of the information National Bank of Canada presented to its investors.
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National Bank of Canada is a leading financial institution in Canada, primarily operating in the banking sector, offering a wide range of financial services including personal and commercial banking, wealth management, and financial markets. The bank is known for its strong presence in Quebec and its strategic acquisitions that enhance its service offerings.
In its latest earnings report for the third quarter of 2025, National Bank of Canada reported a net income of $1,065 million, marking a 3% increase from the same period in 2024. The bank’s performance was significantly influenced by its recent acquisition of Canadian Western Bank (CWB), which contributed to the growth in adjusted net income and revenues.
Key financial highlights include a 15% increase in adjusted net income to $1,104 million and a stable adjusted diluted earnings per share of $2.68. The bank’s total revenues rose by 15% to $3,449 million, driven by the inclusion of CWB and organic growth in loan and deposit volumes. However, the bank faced challenges with a decrease in net interest margin and an increase in non-interest expenses, primarily due to the integration of CWB.
The bank’s capital position remains robust, with a Common Equity Tier 1 (CET1) capital ratio of 13.9%, slightly up from 13.7% in October 2024. Additionally, the bank announced a normal course issuer bid to repurchase up to 8 million common shares, reflecting its confidence in its financial stability and future prospects.
Looking ahead, National Bank of Canada is focused on executing its integration plan for CWB while continuing to invest in business growth. The management remains optimistic about maintaining strong capital levels and enhancing credit and operational efficiencies, positioning the bank for sustained growth in the coming quarters.