RBC demonstrated strong earnings and revenue growth, supported by strategic acquisitions and robust performance in Wealth Management and Capital Markets. However, increased provisions for credit losses and uncertainties related to trade policies and economic conditions present challenges. The sentiment is balanced with notable achievements and cautious outlook given the macroeconomic environment.

Company Guidance

In RBC's 2025 Second Quarter Results Conference Call, the bank reported earnings of $4.4 billion, with adjusted earnings reaching $4.5 billion, which included $260 million from the acquisition of HSBC Bank Canada. The bank achieved strong pre-provision pre-tax earnings of nearly $7 billion, marking a 16% increase from the previous year, despite a $568 million reserve build. Revenue grew by 11% year-over-year, supported by robust growth in Personal and Commercial Banking, Wealth Management, and Capital Markets. The loan-to-deposit ratio improved to 97%, and the common equity tier 1 ratio stood at 13.2%, with excess capital of approximately $5 billion. The bank announced a $0.06 increase in its quarterly dividend and plans to repurchase up to 35 million common shares. A cautious approach to risk management was emphasized, with an allowance for credit loss ratio rising to 74 basis points due to increased weightings to downside scenarios amidst economic uncertainty. Despite not projecting a recession in Canada or the U.S., the bank noted dampened confidence and client activity in certain sectors but expressed optimism about navigating the uncertain macro environment.

Strong Earnings Performance

RBC reported second quarter earnings of $4.4 billion, with adjusted earnings of $4.5 billion, including $260 million from the acquisition of HSBC Bank Canada. Pre-provision pre-tax earnings were nearly $7 billion, with adjusted pre-tax pre-provision growth up 16% year-over-year.

Robust Revenue Growth

Revenue growth was 11% year-over-year, driven by strong volume growth in Personal and Commercial Banking, higher spreads in Personal Banking, and robust fee-based revenue growth in Wealth Management.

Dividend Increase

RBC announced a $0.06 or 4% increase in its quarterly dividend, indicating confidence in future performance.

Capital Markets Success

Capital Markets reported strong pre-provision pre-tax earnings of $1.4 billion, with Global Markets revenue up 23% year-over-year, driven by increased client activity.

Wealth Management Growth

Assets under management in RBC Global Asset Management increased by 11% to $694 billion, with strong net sales across asset classes.

Royal Bank Of Canada (TSE:RY) Earnings, Revenues Date & History

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TSE:RY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 03, 2025	2025 (Q4)	3.44 / -	3.07	―	―	―
Aug 27, 2025	2025 (Q3)	3.31 / 3.84	3.26	17.79% (+0.58)
May 29, 2025	2025 (Q2)	3.18 / 3.12	2.92	6.85% (+0.20)
Feb 27, 2025	2025 (Q1)	3.25 / 3.62	2.85	27.02% (+0.77)
Dec 04, 2024	2024 (Q4)	3.01 / 3.07	2.78	10.43% (+0.29)
Aug 28, 2024	2024 (Q3)	2.96 / 3.26	2.84	14.79% (+0.42)
May 30, 2024	2024 (Q2)	2.75 / 2.92	2.65	10.19% (+0.27)
Feb 28, 2024	2024 (Q1)	2.79 / 2.85	3.1	-8.06% (-0.25)
Nov 30, 2023	2023 (Q4)	2.62 / 2.78	2.78	0.00% (0.00)
Aug 24, 2023	2023 (Q3)	2.70 / 2.84	2.55	11.37% (+0.29)

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

TSE:RY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 27, 2025	C$190.39	C$200.07	+5.08%
May 29, 2025	C$177.09	C$170.94	-3.47%
Feb 27, 2025	C$168.43	C$163.62	-2.86%
Dec 04, 2024	C$171.28	C$171.73	+0.26%

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.