National Bank of Canada (NTIOF)
OTHER OTC:NTIOF
Earnings Data
Report Date
Jun 03, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.21Last Year’s EPS
2.05Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call showcased strong operational execution and financial results: double-digit revenue and PTPP growth, EPS up 11%, robust ROE (16.6%) and solid CET1, accelerated realization of cost/funding synergies (exceeding year-1 target) and active capital returns (upsized NCIB). Wealth, Capital Markets and Credigy reported notable growth, and credit metrics remained within guidance with sizable allowances. Offsetting risks include macroeconomic and geopolitical headwinds, elevated expenses (notably variable compensation), RWA volatility from FRTB, some deposit attrition tied to the CWB acquisition, and pockets of provisioning linked to specific files. Management presented clear plans for continued buybacks, integration synergies, and a pathway to 17%+ ROE in 2027 while maintaining cautious credit assumptions. Overall, positives outweigh the headwinds given execution on synergies, strong top-line growth and disciplined capital management.Company Guidance
Strong EPS Growth
Earnings per share of $3.25 in Q1 FY2026, representing an 11% year-over-year increase, driven by retail/business performance, CWB synergies and share buybacks.
Revenue and Pre-Tax Performance
Total revenues rose 21% year-over-year and pre-tax, pre-provision (PTPP) grew 23% year-over-year; excluding CWB, revenues increased 11% and PTPP rose 12%.
Improved Return on Equity and Upgraded Targets
Quarterly ROE of 16.6%; management raised the 2026 ROE target to ~16% (from ~15%) and outlined a path to 17%+ ROE for 2027 with identified drivers.
Capital Strength and CET1 Progress
CET1 ratio at 13.74% (13.7% reported); capital generation added ~41 basis points this quarter while share buybacks reduced CET1 by 33 bps; management targets CET1 converging toward 13% by end of 2027.
Share Buyback Upsized and Execution
Announced upsized NCIB to repurchase up to 14.5 million shares (from 8 million), pending approval; 6.4 million shares repurchased to date (80% of current program) supporting EPS and capital deployment plans.
CWB Integration and Synergy Delivery
Realized $176 million of cost and funding synergies to date, exceeding year-1 target of $135 million and on track to deliver $270 million of synergies by end of fiscal 2026; early revenue synergies progressing toward $50 million target.
P&C Banking Growth
P&C Banking reported revenues > $1.5 billion and net income of $442 million; personal mortgages grew 3% sequentially and commercial loans grew 1% sequentially, with a mid-single-digit mortgage growth target for 2026.
Wealth Management Momentum
Wealth Management net income increased 13% year-over-year to $274 million; assets under administration rose ~3% sequentially to nearly $900 billion, supported by resilient markets and strong net sales.
Capital Markets Performance
Capital Markets net income of $443 million, up 6% year-over-year, driven by equities, securities finance, structured product issuance and activity in rates and credit; management expects PTPP in the upper part of $1.8B–$2.0B range for the year.
Credit Discipline and Provisions
Total provisions for credit losses (PCLs) of $244 million (32 bps), down 1 bps QoQ; impaired PCLs $215 million (28 bps) stable QoQ and within 25–35 bps full-year guidance; allowances at $2.5 billion (5.9x coverage of net charge-offs) and performing ACL coverage 2.1x.
International and Specialty Businesses Showing Growth
Credigy net income $47 million with average assets up 9% YoY (1% sequentially); ABA Bank net income +9% YoY with revenues +13% YoY and deposits/loans up 18% and 11% respectively.
Balance Sheet Expansion
Loans rose 23% year-over-year (9% ex-CWB) and deposits increased by $5 billion (2% sequentially), with personal deposits up ~$1.5 billion driven by Wealth Management and ABA contributions.
NTIOF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NTIOF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $129.91 | $138.22 | +6.40% |
Dec 03, 2025 | $121.78 | $119.92 | -1.53% |
Aug 27, 2025 | $107.18 | $103.53 | -3.40% |
May 28, 2025 | $91.30 | $94.80 | +3.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does National Bank of Canada (NTIOF) report earnings?
National Bank of Canada (NTIOF) is schdueled to report earning on Jun 03, 2026, Before Open (Confirmed).
What is National Bank of Canada (NTIOF) earnings time?
National Bank of Canada (NTIOF) earnings time is at Jun 03, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NTIOF EPS forecast?
NTIOF EPS forecast for the fiscal quarter 2026 (Q2) is 2.21.
