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National Bank of Canada
OTC:NTIOF

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National Bank of Canada
OTC:NTIOF
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Price: 150.53 USD 0.78% Market Closed
Market Cap: $52.5B

National Bank of Canada
Investor Relations

National Bank of Canada is a Canadian bank that takes deposits, makes loans, and sells everyday banking services to people and businesses. It serves personal customers with checking accounts, mortgages, credit cards, and savings products, and it works with small and midsize companies on lending, cash management, and other banking needs. It also earns money from wealth management and capital markets. In wealth management, it helps clients invest and plan for the future through advice, brokerage, and related fees. In capital markets, it supports companies, governments, and investors with services such as lending, trading, debt and equity financing, and advisory work. The bank makes most of its money from the spread between what it pays for deposits and what it earns on loans, plus service fees and commissions. What makes National Bank different is its mix of retail banking, wealth management, and market-based services, along with a strong home base in Quebec. That combination lets it serve everyday banking customers, business clients, and institutional customers through the same financial group, while playing a broad role in Canada’s financial system.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Feb 25, 2026
AI Summary
Q1 2026

EPS Growth: National Bank of Canada reported Q1 EPS of $3.25, up 11% year-over-year, driven by strong retail and business performance as well as CWB integration synergies and share buybacks.

Revenue Surge: Revenues rose 21% year-over-year, with solid organic growth and contributions from the CWB transaction.

ROE Guidance Raised: 2026 ROE target was increased to around 16% from 15%, and management now expects ROE above 17% in 2027.

Share Buybacks: The bank announced an increase in its buyback program, pending regulatory approval, to repurchase up to 14.5 million shares (from 8 million), having already repurchased 6.4 million.

CWB & Synergies: Cost and funding synergies from the CWB acquisition reached $176 million, ahead of the $135 million year 1 target, with a $270 million goal for 2026.

Strong Segment Performance: P&C Banking, Wealth Management, and Capital Markets all posted strong results, with Wealth Management net income up 13% year-over-year and Capital Markets net income up 6%.

Credit Quality: Credit conditions remain stable, with total provisions for credit losses (PCL) at $244 million, 32 bps, and guidance maintained at 25–35 bps for the year.

Economic Outlook: Management remains cautious about macro headwinds, including trade tensions and slow business investment, but expects ongoing government actions to aid economic recovery.

Key Financials
EPS
$3.25
Return on Equity
16.6%
CET1 Ratio
13.74%
Revenues
$1.5B+ (P&C Banking); up 21% YoY (total bank)
Net Income (P&C Banking)
$442M
Net Income (Wealth Management)
$274M
Net Income (Capital Markets)
$443M
Assets Under Administration
$900B (close to)
Loans
up 23% year-over-year; up 9% excluding CWB
Deposits
up $5B or 2% sequentially
Provisions for Credit Losses (PCL)
$244M or 32 bps
Share Buybacks
6.4 million shares repurchased to date
Cost and Funding Synergies (CWB)
$176M achieved
Earnings Call Recording
Other Earnings Calls

Management

Mr. Laurent Ferreira
President, CEO & Director
No Bio Available
Ms. Marie Chantal Gingras
CFO & Executive VP of Finance
No Bio Available
Ms. Lucie Blanchet
Executive Vice-President of Personal Banking & Client Experience
No Bio Available
Mr. Etienne Dubuc
Executive VP, Head of Fin. Markets, Co-President & Co-CEO of National Bank Financial
No Bio Available
Ms. Julie Levesque
Executive Vice-President of Technology & Operations
No Bio Available
Marianne Ratte
VP & Head of Investor Relations
No Bio Available
Ms. Nicole Rondou
Vice President of Compliance
No Bio Available
Mr. Dominic Paradis
Senior VP of Legal Affairs & Corporate Secretary
No Bio Available
Claude Breton
Vice-President of Communications & Corporate Social Responsibility
No Bio Available
Ms. Brigitte Hebert
Head of Employee Experience & Executive VP of Employee Experience
No Bio Available

Contacts

Address
QUEBEC
MONTREAL
600 De la Gauchetiere St W 7th Floor
Contacts
+15143946751.0
www.nbc.ca
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