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Bank of Nova Scotia

BNS · Financials

Last earnings Aug 25, 2026  ·  Next earnings Dec 2, 2026

Important announcements

Scotiabank announces Expected Contribution fromOct 21, 2026

Key results

Net incomequarter

$2,632 million

Quarterly Report to Shareholders Scotiabank reports second quarter results TORONTO, May 27, 2026 The Bank of Nova Scotia ( Scotiabank ) (TSX: BNS; NYSE: BNS) reported second quarter net income of $2,632 million compared to $2,032 million in the same period last year.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

EPSquarter

$2.00

Diluted earnings per share (EPS) were $2.00, compared to $1.48 in the same period a year ago.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

Adjusted net incomequarter

$2,652 million

Adjusted net income (1) for the second quarter was $2,652 million and adjusted diluted EPS (1) was $2.02, up from $1.52 last year.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

Adjusted EPSquarter

$2.02

Adjusted net income (1) for the second quarter was $2,652 million and adjusted diluted EPS (1) was $2.02, up from $1.52 last year.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

Revenuequarter

19%

Global Wealth Management delivered earnings of $476 million, up 19% year-over year driven by strong revenue growth from higher mutual fund fees, brokerage revenues, and net interest income.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

Other Total Reported net incomequarter

17.8 %

T5 Return on equity by operating segment For the three months ended April 30, 2026 ($ millions) Canadian Banking International Banking Global Wealth Management Global Banking and Markets Other Total Reported Net income attributable to common shareholders $ 935 $ 701 $ 474 $ 457 $ (99 ) $ 2,468 Total average common equity (1) 21,515 17,987 10,840 15,179 11,915 77,436 Return on equity 17.8 % 16.0 % 17.9 % 12.4 % nm (2) 13.1 % Adjusted (3) Net income attributable to common shareholders $ 935 $ 708 $ 480 $ 457 $ (92 ) $ 2,488 Return on equity 17.8 % 16.1 % 18.2 % 12.4 % nm (2) 13.2 % (1) Average amounts calculated using methods intended to approximate the daily average balances for the period.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

Scotiabank Second Quarter Report 2026 15 Table of Contents MANAGEMENT S DISCUSSION & ANALYSIS Overview of Performance Financial performance summary The Bank s reported net income this quarter was $2,632 million, compared to $2,032 million in the same period last year and $2,299 million in the prior quarter.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

Diluted earnings per share were $2.00 compared to $1.48 in the same period last year and $1.73 in the prior quarter.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

Adjusted net income was $2,652 million compared to $2,072 million in the same period last year, an increase of $580 million or 28%.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

AI analysis

Q2 2026 · reported May 27, 2026

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

EPS · Q2 2026
$2.00
+35.1% vs year ago computed from stated figures
EX-99 · May 27, 2026
Net income · Q2 2026
$2,632M
+29.5% +$600M vs year ago computed from stated figures
EX-99 · May 27, 2026
Adjusted net income · Q2 2026
$2,652M
EX-99 · May 27, 2026
Adjusted EPS · Q2 2026
$2.02
+32.9% vs year ago computed from stated figures
EX-99 · May 27, 2026

The quarter in charts

Diluted EPS — GAAP

Per diluted share, as stated

00.831.672.5$1.48Same quarter last year$2.00Q2 2026 (quarter)

EX-99 · May 27, 2026 EPS values as stated in the release.

Headline figures

MetricQ2 2026Prior qtrYear ago
Net income$2,632 million—$2,032 million
EPS$2.00—$1.48
Adjusted net income$2,652 million——
Adjusted EPS$2.02—$1.52
Revenue19%——
Other Total Reported net income17.8 %——

EX-99 · May 27, 2026

Guidance · company-stated

No guidance located in the held release

Next earningsDec 2, 2026Verified from the company’s own announcement

Capital allocation

Dividend$1.14

The Bank reported a Common Equity Tier 1 (CET1) capital ratio (4) of 13.3% and declared a dividend of $1.14, representing a 4% increase.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Quarterly Report to Shareholders Scotiabank reports second quarter results

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

The Bank reported a Common Equity Tier 1 (CET1) capital ratio (4) of 13.3% and declared a dividend of $1.14, representing a 4% increase.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

(4) Includes allowance for credit losses on all financial assets loans, acceptances, off-balance sheet exposures, debt securities and deposits with financial institutions.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

Strategy & priorities

The Bank delivered another strong quarter as we continue to execute on our strategy, with strong revenue growth coupled with expanding margins and another quarter of positive operating leverage, said Scott Thomson, President and CEO of Scotiabank.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

Our focus on evolving our business mix drove strong fee income and wealth management revenues, along with sequential Canadian commercial and small business loan growth.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

The business grew day-to-day and savings deposits and delivered another quarter of solid positive operating leverage, in line with its strategic objectives.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

International Banking generated earnings of $736 million, up 3% year-over-year, driven by continued margin expansion and positive operating leverage as the business maintains its focus on expense discipline.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

109-111 21 Analysis of the Bank s sources of funding and a description of the Bank s funding strategy.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

Risks & headwinds

By their very nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties, which give rise to the possibility that our predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that our assumptions may not be correct and that our financial performance objectives, vision and strategic goals will not be achieved.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

The Bank cautions that the preceding list is not exhaustive of all possible risk factors and other factors could also adversely affect the Bank s results, for more information, please see the Risk Management section of the Bank s 2025 Annual Report, as may be updated by quarterly reports.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

When relying on forward-looking statements to make decisions with respect to the Bank and its securities, investors and others should carefully consider the preceding factors, other uncertainties and potential events.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

d) Legal provision In Q4 2025, the Bank recognized a legal provision of $74 million ($54 million after-tax) related to several civil and other litigation matters.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

Economic summary and outlook The global economy remains resilient in the face of trade and geopolitical uncertainty, though activity is expected to grow at a slower and more uneven pace in 2026 before improving modestly in 2027.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

The outlook is increasingly shaped by differing regional trade and commodity exposures, alongside the challenges facing fiscal and monetary policymakers as economies contend with persistent inflation pressures and growth headwinds.

SEC original ↗Bank of Nova Scotia — Earnings release (6-K exhibit)EX-99May 27, 2026

Documents

Earnings deck slides

0 decks with slide view

Bank of Nova Scotia — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Arthur J. Gallagher & Co. (AJG) FinancialsSun Life Financial (SLF) FinancialsRaymond James Financial (RJF) FinancialsAflac (AFL) FinancialsING Group (ING) FinancialsNorthern Trust (NTRS) FinancialsCincinnati Financial (CINF) FinancialsCoinbase (COIN) Financials

Filings

66 documents

Earnings releases

17 documents

Presentations

1 document

Transcripts

0 documents

No transcripts for Bank of Nova Scotia are held in this edition of the library.

See also the earnings calendar for every tracked company’s next earnings date.