National Bank reports Q2 profit up from year ago, raises dividend

A National Bank sign is seen on May 30, 2016 in Montreal. THE CANADIAN PRESS/Paul Chiasson

MONTREAL — National Bank of Canada reported a second-quarter profit of $1.23 billion, up from $896 million a year ago, and raised its dividend.

The Montreal-based bank said Wednesday it will now pay a quarterly dividend of $1.32 per share, an increase of eight cents per share.

National Bank says its second-quarter profit amounted to $3.06 per diluted share for the quarter ended April 30 compared with $2.17 per diluted share a year ago.

Revenue for the quarter totalled $3.91 billion, up from $3.65 billion in the same quarter last year, while the bank’s provision for credit losses amounted to $233 million, down from $545 million a year ago.

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On an adjusted basis, National Bank says it earned $3.23 per diluted share in its latest quarter, up from an adjusted profit of $2.85 per diluted share a year ago.

Analysts on average had expected an adjusted profit of $3.13 per share, according to LSEG Data & Analytics.

“We delivered strong growth in the second quarter, reflecting the diversification of our business and continued client activity across our franchises,” National Bank chief executive Laurent Ferreira said in a statement.

“In the context of heightened macroeconomic uncertainty, we remain well positioned to support our clients, and continue delivering strong earnings growth and return on equity, while maintaining robust capital levels.”

National Bank said its personal and commercial banking business earned $355 million compared with $132 million a year earlier, while its wealth management operations earned $274 million, up from $232 million in the same quarter last year.

The bank’s capital markets business earned $488 million, down from $501 million a year earlier.

National Bank’s U.S. specialty finance and international business earned $186 million, up from $169 million in the same quarter last year.

This report by The Canadian Press was first published May 27, 2026.