National Bank reports $1.06B fourth-quarter profit, raises dividend
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MONTREAL – National Bank of Canada raised its dividend as it reported a fourth-quarter profit of $1.06 billion.
The bank said Wednesday it will now pay a quarterly dividend of $1.24 per share, an increase of six cents.
National Bank, which announced Tuesday that it was buying Laurentian Bank’s retail and small business segments, says its fourth-quarter profit amounted to $2.57 per diluted share, compared with net income of $955 million or $2.66 per diluted share a year ago when it had fewer shares outstanding.
Revenue for the quarter ended Oct. 31 totalled $3.70 billion, up from $2.94 billion a year earlier.
The bank’s provisions for credit losses amounted to $244 million, up from $162 million in the same quarter last year.
On an adjusted basis, National Bank says it earned $2.82 per diluted share in its latest quarter, up from an adjusted profit of $2.58 per diluted share in the same quarter last year.
Analysts on average had expected an adjusted profit of $2.62 per share, according to estimates compiled by LSEG Data & Analytics.
“With our strengthened national presence, diversified business mix, strong capital ratios and prudent credit profile, we are well-positioned to generate continued growth and superior returns, in what will remain a complex macro-environment,” National Bank chief executive Laurent Ferreira said in a statement.
The bank said its personal and commercial banking group earned $319 million in its latest quarter, down from $327 million a year ago, as it was hit by costs related to the acquisition of Canadian Western Bank.
National Bank’s wealth management business earned $258 million, up from $219 million, while its capital markets arm earned $432 million, up from $306 million.
National Bank’s U.S. specialty finance and international operations earned $174 million, up from $157 million in the same quarter last year.
This report by The Canadian Press was first published Dec. 3, 2025.
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