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National Bank Holdings Corp — suppack q3 2026 (company IR deck)
National Bank Holdings Corp (NBHC) · 34 slides · Filed Oct 27, 2026
Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All NBHC deck slides
Slide 1
Slide 2 — Notes to users
Notes to users 1) This supplementary financial information (SFI) is unaudited and should be read in conjunction with the Report to Shareholders for all quarters of 2026 and with the 2025 Annual Report (including audited consolidated financial statements and accompanying management’s discussion and analysis) prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), unless otherwise indicated. IFRS represent Canadian generally accepted accounting principles (GAAP). Additional financial information is also available through our quarterly investor presentations as well as the quarterly conference call webcast. All amounts are in millions of Canadian dollars, unless otherwise indicated. 2) Information related to regulatory capital as well as Pillar 3 and risk disclosures required by the Enhanced Disclosure Task Force (EDTF) is provided in the document entitled Supplementary Regulatory Capital and Pillar 3 Disclosure, which is available on the Bank’s website at nbc.ca. 3) Non-GAAP Financial Measures and Other Financial Measures The Bank uses non-GAAP financial measures that do not have standardized meanings under GAAP and that therefore may not be comparable to similar measures used by other companies. Presenting non-GAAP financial measures helps readers to better understand how management analyzes results, shows the impacts of specified items on the results of the reported periods, and allows readers to better assess results without the specified items if they consider such items not to be reflective of the underlying performance of the Bank’s operations. For additional information on non-GAAP financial measures, see pages 15 and 16 in this document and the Financial Reporting Method section on pages 5 to 12 in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank's website at nbc.ca or the SEDAR+ website at sedarplus.ca. Other Financial Measures For additional information on the composition of non-GAAP ratios and supplementary financial measures, as well as on capital management measures, see the Financial Reporting Method and Glossary sections on pages 5 to 12 and 45 to 48, respectively, in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank's website at nbc.ca or the SEDAR+ website at sedarplus.ca.
Slide 3 — Table of Contents
Table of Contents Highlights page 4 Shareholders' Information page 5 Detailed Information on Income page 6 Selected Average Balance Sheet Items; Net Interest Margin; AUA & AUM page 7 Segment Disclosures Personal and Commercial (P&C) page 8 Wealth Management (WM) page 9 Capital Markets (CM) page 10 U.S. Specialty Finance and International (USSF&I) pages 11-13 Other page 14 Reconciliation of Non-GAAP Financial Measures page 15 Specified Items page 16 Return on Common Shareholders' Equity by Business Segment page 17 Total Revenues – Reported as per IFRS page 18 Total Revenues – Adjusted page 19 Non-interest Expenses page 20 Consolidated Balance Sheets page 21 Consolidated Statements of Changes in Equity page 22 Consolidated Statements of Comprehensive Income page 23 Credit Information Gross Loans, Gross Impaired Loans and Allowances for Credit Losses by Borrower Category pages 24-25 Residential Mortgages Portfolios Information pages 26-27 Geographic Distribution of Gross Loans, Gross Impaired Loans and Allowances for Credit Losses page 28 Impaired Loans by Business Segment page 29 Formation of Gross Impaired Loans Excluding Credigy's POCI loans page 30 Reconciliation of Allowance for Credit Losses page 31 Provisions for Credit Losses page 32 Derivatives Financial Instruments According to Basel Definition page 33 Over the Counter Derivatives Financial Instruments Settled by Central Counterparties page 34
Slide 4 — Highlights
National Bank of Canada – Supplementary Financial Information 4 Highlights (millions of Canadian dollars, except as noted) 2026 2025 2024 YTD Full Year Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Net income 1,307 1,234 1,254 1,059 1,065 896 997 955 1,033 906 922 3,795 2,958 4,017 3,816 Earnings per share - Basic 3.29 3.10 3.12 2.60 2.61 2.19 2.81 2.69 2.92 2.56 2.61 9.51 7.58 10.18 10.78 - Diluted 3.25 3.06 3.08 2.57 2.58 2.17 2.78 2.66 2.89 2.54 2.59 9.39 7.50 10.07 10.68 Return on common shareholders' equity(1) 16.1% 15.9% 15.7% 13.3% 13.6% 11.9% 16.7% 16.4% 18.4% 16.9% 17.1% 15.9% 13.8% 13.7% 17.2% Operating leverage(1) 8.8% 1.0% 0.1% (5.5)% (9.8)% 0.8% 3.9% 15.3% 10.5% 4.3% 1.6% 3.5% (2.0)% (2.9)% 8.1% Efficiency ratio(1) 51.6% 52.7% 51.7% 56.4% 55.8% 53.2% 51.7% 54.1% 51.4% 53.5% 53.5% 52.0% 53.6% 54.4% 53.1% Operating Results – Adjusted(2) Net income – Adjusted(2) 1,362 1,303 1,320 1,159 1,104 1,166 1,050 928 960 906 922 3,985 3,320 4,479 3,716 Earnings per share – Adjusted(2) - Basic 3.43 3.27 3.29 2.85 2.71 2.88 2.96 2.61 2.71 2.56 2.61 10.00 8.55 11.40 10.49 - Diluted 3.39 3.23 3.25 2.82 2.68 2.85 2.93 2.58 2.68 2.54 2.59 9.88 8.46 11.28 10.39 Return on common shareholders' equity – Adjusted(3) 16.8% 16.8% 16.6% 14.6% 14.1% 15.6% 17.6% 15.9% 17.0% 16.9% 17.1% 16.7% 15.6% 15.3% 16.7% Operating leverage(1) – Adjusted(3) 5.8% (2.5)% 2.0% 4.4% 1.7% 10.4% 7.4% 4.9% 9.2% 4.3% 1.6% 1.7% 6.4% 5.9% 4.9% Efficiency ratio(1) – Adjusted(3) 49.8% 50.4% 49.3% 52.7% 52.4% 49.3% 50.2% 54.6% 53.1% 53.5% 53.5% 49.8% 50.6% 51.2% 53.7% Total assets 635,159 617,734 605,871 576,919 552,621 536,194 483,833 462,226 453,933 441,690 433,927 635,159 552,621 576,919 462,226 Average loans(4)(5) 318,930 307,335 302,759 296,809 288,309 284,845 244,706 239,819 236,990 231,691 228,161 309,700 272,486 278,616 234,180 Average assets(4) 643,021 631,995 603,457 583,295 567,070 551,432 488,208 469,795 461,504 455,036 442,666 626,094 535,396 547,469 457,262 Number of common shares outstanding (thousands) 383,581 385,634 388,318 391,066 391,967 391,322 341,085 340,744 340,523 340,056 339,166 383,581 391,967 391,066 340,744 Weighted average basic number of common shares outstanding (thousands) 384,657 386,581 390,047 391,886 391,609 390,124 340,739 340,479 340,215 339,558 338,675 387,101 373,982 378,495 339,733 Weighted average diluted number of common shares outstanding (thousands) 390,025 391,460 394,743 396,532 395,919 393,878 344,954 344,453 343,531 342,781 341,339 391,895 377,955 382,478 342,839 Gross impaired loans excluding the Credigy's purchased or originated credit-impaired (POCI) loans(2)(6) 3,736 3,588 3,397 3,324 2,992 2,805 1,967 1,652 1,426 1,267 1,103 3,736 2,992 3,324 1,652 Gross impaired loans excluding Credigy's POCI loans as a % of total loans(3)(6)(7) 1.14% 1.14% 1.11% 1.09% 1.02% 0.98% 0.79% 0.68% 0.59% 0.54% 0.48% 1.14% 1.02% 1.09% 0.68% Provisions for credit losses on impaired loans excluding Credigy's POCI loans as a % of average loans(3)(5)(6) 0.28% 0.26% 0.28% 0.28% 0.21% 0.32% 0.32% 0.24% 0.21% 0.20% 0.17% 0.27% 0.28% 0.28% 0.20% Provisions for credit losses (PCL) as a % of average loans(1)(5)(8) 0.31% 0.31% 0.32% 0.33% 0.28% 0.79% 0.41% 0.27% 0.25% 0.24% 0.21% 0.31% 0.49% 0.45% 0.24% Net charge-off excluding Credigy's POCI loans as a % of average loans(3)(5)(6) 0.16% 0.22% 0.15% 0.14% 0.17% 0.06% 0.17% 0.17% 0.09% 0.24% 0.15% 0.18% 0.13% 0.14% 0.16% Dividends declared per common share 1.32 1.24 1.24 1.18 1.18 1.14 1.14 1.10 1.10 1.06 1.06 3.80 3.46 4.64 4.32 Dividend payout ratio(1) (trailing 4 quarters) 41.1% 42.3% 45.1% 45.6% 44.3% 42.2% 40.1% 40.1% 41.6% 43.2% 43.1% 41.1% 44.3% 45.6% 40.1% Dividend payout ratio(1) – Adjusted (trailing 4 quarters)(3) 38.8% 39.9% 40.4% 40.7% 40.9% 40.1% 40.6% 41.2% 41.2% 42.5% 42.4% 38.8% 40.9% 40.7% 41.2% Book value per common share(1) 82.02 80.31 78.81 78.39 77.20 76.13 68.15 65.74 64.64 62.28 61.18 82.02 77.20 78.39 65.74 Share price - High 235.32 205.04 175.57 156.70 144.96 127.44 140.76 134.23 118.17 114.68 103.38 235.32 144.96 156.70 134.23 Share price - Low 197.89 163.94 156.88 143.40 121.09 107.01 128.79 111.98 106.21 101.24 86.50 156.88 107.01 107.01 86.50 Share price - Close 226.75 205.04 162.25 156.70 144.13 121.08 128.99 132.80 115.48 110.54 102.83 226.75 144.13 156.70 132.80 Capital ratios under Basel III(9) Common Equity Tier 1 (CET1)(9) 13.5% 13.5% 13.7% 13.8% 13.9% 13.4% 13.6% 13.7% 13.5% 13.2% 13.1% 13.5% 13.9% 13.8% 13.7% Tier 1(9)(10)(11) 15.1% 14.9% 15.1% 15.1% 15.6% 15.1% 15.5% 15.9% 15.7% 15.5% 15.5% 15.1% 15.6% 15.1% 15.9% Total(9)(10)(11) 17.2% 17.0% 17.3% 17.3% 17.8% 16.9% 17.1% 17.0% 16.9% 16.7% 16.2% 17.2% 17.8% 17.3% 17.0% Leverage ratio under Basel III(9)(10)(11) 4.2% 4.3% 4.3% 4.5% 4.7% 4.7% 4.3% 4.4% 4.4% 4.4% 4.3% 4.2% 4.7% 4.5% 4.4% TLAC ratio(9) 33.1% 31.5% 32.5% 29.7% 30.0% 28.2% 31.2% 31.2% 29.7% 30.2% 28.1% 33.1% 30.0% 29.7% 31.2% TLAC leverage ratio(9) 9.3% 9.0% 9.2% 8.8% 9.0% 8.8% 8.7% 8.6% 8.3% 8.5% 7.8% 9.3% 9.0% 8.8% 8.6% Liquidity coverage ratio (LCR)(9) 161% 170% 189% 173% 161% 166% 154% 150% 152% 155% 145% 161% 161% 173% 150% Net stable funding ratio (NSFR)(9) 118% 118% 120% 124% 123% 127% 123% 122% 120% 120% 117% 118% 123% 124% 122% (1) For details on the composition of these measures, see the Glossary section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank's website at nbc.ca or the SEDAR+ website at sedarplus.ca. (2) For additional information on non-GAAP financial measures, see pages 15 and 16 in this document and the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (3) For additional information on non-GAAP ratios, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (4) Represents an average of the daily balances for the period. (5) Including customer's liability under acceptances for the quarters of 2024. (6) The presentation was changed in Q2 2025 and the comparative figures were not adjusted to reflect the change as the amounts were not considered significant. Prior Q2 2025, the amounts also excluded POCI loans acquired from Silicon Valley Bank's Canadian branch (SVB) in Q4 2023 (Q1 2025: $21 million, Q4 2024: $26 million, Q3 2024: $31 million, Q2 2024: $34 million and Q1 2024: $39 million), PCL on SVB’s POCI loans (Q1 2025: $1 million, Q4 2024: $(1) million, Q3 2024: $1 million, Q2 2024: $(3) million and Q1 2024: $(11) million), net charge-off on SVB’s POCI loans (Q1 2025: $2 million, Q4 2024: $1 million,Q3 2024: $-million, Q2 2024: $4 million and Q1 2024: $13 million). (7) Including customers liability under acceptances for the quarters of 2024 (except Q4 2024). (8) For Q2 2026, the ratio included initial provisions for credit losses of $6 million on performing loans acquired from LBC and for Q2 2025, the ratio had included initial provisions for credit losses of $230 million on acquired performing CWB loans. (9) For additional information on capital management measures, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (10) Ratios as at January 31, 2025 included the redemption of the Series 32 preferred shares completed on February 17, 2025. (11) Ratios as at October 31, 2025 included the redemption of the Limited Recourse Capital Notes Series 1 completed on November 17, 2025.
Slide 5 — Shareholders’ Information
National Bank of Canada – Supplementary Financial Information 5 Shareholders’ Information 2026 2025 2024 Credit Rating - Long-term senior debt Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Non bail-inable Moody's Aa2 Aa2 Aa2 Aa2 Aa2 Aa2 Aa2 Aa3 Aa3 Aa3 Aa3 Standard & Poor's A+ A+ A+ A+ A+ A+ A+ A+ A A A DBRS AA AA AA AA AA AA AA AA AA AA AA Fitch AA AA- AA- AA- AA- AA- AA- AA- AA- AA- AA- Bail-in Moody's A2 A2 A2 A2 A2 A2 A2 A3 A3 A3 A3 Standard & Poor's A- A- A- A- BBB+ BBB+ BBB+ BBB+ BBB+ BBB+ BBB+ DBRS AA (Low) AA (Low) AA (Low) AA (Low) AA (Low) AA (Low) AA (Low) AA (Low) AA (Low) AA (Low) AA (Low) Fitch A+ A+ A+ A+ A+ A+ A+ A+ A+ A+ A+ Valuation Market capitalization (millions of Canadian dollars) 86,977 79,070 63,005 61,280 56,494 47,381 43,997 45,251 39,324 37,590 34,876 P/E Ratio (trailing 4 quarters) 18.96 18.16 15.60 15.51 14.14 11.53 11.87 12.43 11.42 11.57 11.00 Share price/Book value 2.76 2.55 2.06 2.00 1.87 1.59 1.89 2.02 1.79 1.77 1.68 Dividend yield (annualized) 2.20% 2.36% 2.92% 2.96% 3.16% 3.70% 3.41% 3.25% 3.67% 3.76% 3.96% Other Information Number of employees (full-time equivalent) Canada 22,162 21,640 21,814 21,865 22,046 21,847 19,094 18,867 19,030 18,694 18,667 Outside of Canada 12,654 12,127 11,713 11,335 10,790 10,524 10,414 10,329 10,220 9,971 10,063 34,816 33,767 33,527 33,200 32,836 32,371 29,508 29,196 29,250 28,665 28,730 Number of branches Canada 354 361 374 382 393 395 362 368 369 369 368 Cambodia (ABA Bank) 106 106 105 103 101 99 99 99 95 95 94 Number of banking machines Canada 730 818 921 939 952 965 937 940 946 939 945 Cambodia (ABA Bank) 1,872 1,821 1,794 1,753 1,709 1,663 1,630 1,599 1,594 1,535 1,494
Slide 6 — Detailed Information on Income
National Bank of Canada – Supplementary Financial Information 6 Detailed Information on Income (millions of Canadian dollars, except as noted) 2026 2025 2024 YTD Full Year Consolidated Results – Reported as per IFRS Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Net interest income 1,254 1,309 1,394 1,169 1,172 1,205 972 784 769 635 751 3,957 3,349 4,518 2,939 Non-interest income 2,799 2,598 2,499 2,529 2,277 2,445 2,211 2,160 2,227 2,115 1,959 7,896 6,933 9,462 8,461 Total revenues 4,053 3,907 3,893 3,698 3,449 3,650 3,183 2,944 2,996 2,750 2,710 11,853 10,282 13,980 11,400 Non-interest expenses 2,093 2,059 2,011 2,087 1,925 1,942 1,646 1,592 1,541 1,472 1,449 6,163 5,513 7,600 6,054 Income before provisions for credit losses and income taxes 1,960 1,848 1,882 1,611 1,524 1,708 1,537 1,352 1,455 1,278 1,261 5,690 4,769 6,380 5,346 PCL - Impaired 224 192 215 211 150 219 196 145 122 114 99 631 565 776 480 PCL - Performing 23 38 25 29 51 315 57 14 25 22 30 86 423 452 91 PCL - Credigy's POCI loans(1) (1) 3 4 4 2 11 1 3 2 2 (9) 6 14 18 (2) Provisions for credit losses 246 233 244 244 203 545 254 162 149 138 120 723 1,002 1,246 569 Income before income taxes 1,714 1,615 1,638 1,367 1,321 1,163 1,283 1,190 1,306 1,140 1,141 4,967 3,767 5,134 4,777 Income taxes 407 381 384 308 256 267 286 235 273 234 219 1,172 809 1,117 961 Net income 1,307 1,234 1,254 1,059 1,065 896 997 955 1,033 906 922 3,795 2,958 4,017 3,816 Non-controlling interests − − − − − − − − − (1) − − − − (1) Net income attributable to the Bank's shareholders and holders of other equity instruments 1,307 1,234 1,254 1,059 1,065 896 997 955 1,033 907 922 3,795 2,958 4,017 3,817 Dividends on preferred shares and distributions on other equity instruments 41 37 37 41 42 43 39 40 40 37 37 115 124 165 154 Net income attributable to common shareholders 1,266 1,197 1,217 1,018 1,023 853 958 915 993 870 885 3,680 2,834 3,852 3,663 Effective tax rate 23.7% 23.6% 23.4% 22.5% 19.4% 23.0% 22.3% 19.7% 20.9% 20.5% 19.2% 23.6% 21.5% 21.8% 20.1% Dividends on common shares 508 478 484 463 463 448 389 374 374 361 359 1,470 1,300 1,763 1,468 Number of common shares (Average-Diluted).(thousands) 390,025 391,460 394,743 396,532 395,919 393,878 344,954 344,453 343,531 342,781 341,339 391,895 377,955 382,478 342,839 Diluted earnings per share 3.25 3.06 3.08 2.57 2.58 2.17 2.78 2.66 2.89 2.54 2.59 9.39 7.50 10.07 10.68 Operating Results – Adjusted(2) Net interest income – Adjusted 1,254 1,309 1,394 1,169 1,172 1,205 1,000 793 774 635 751 3,957 3,377 4,546 2,953 Non-interest income – Adjusted 2,799 2,598 2,499 2,529 2,277 2,445 2,230 2,102 2,114 2,115 1,959 7,896 6,952 9,481 8,290 Total revenues – Adjusted 4,053 3,907 3,893 3,698 3,449 3,650 3,230 2,895 2,888 2,750 2,710 11,853 10,329 14,027 11,243 Non-interest expenses – Adjusted 2,017 1,971 1,920 1,949 1,806 1,800 1,620 1,581 1,534 1,472 1,449 5,908 5,226 7,175 6,036 Income before provisions for credit losses and income taxes – Adjusted 2,036 1,936 1,973 1,749 1,643 1,850 1,610 1,314 1,354 1,278 1,261 5,945 5,103 6,852 5,207 PCL - Impaired 224 192 215 211 150 219 196 145 122 114 99 631 565 776 480 PCL - Performing – Adjusted 23 32 25 29 51 85 57 14 25 22 30 80 193 222 91 PCL - Credigy's POCI loans(1) (1) 3 4 4 2 11 1 3 2 2 (9) 6 14 18 (2) Provisions for credit losses – Adjusted 246 227 244 244 203 315 254 162 149 138 120 717 772 1,016 569 Income before income taxes – Adjusted 1,790 1,709 1,729 1,505 1,440 1,535 1,356 1,152 1,205 1,140 1,141 5,228 4,331 5,836 4,638 Income taxes – Adjusted 428 406 409 346 336 369 306 224 245 234 219 1,243 1,011 1,357 922 Net income – Adjusted 1,362 1,303 1,320 1,159 1,104 1,166 1,050 928 960 906 922 3,985 3,320 4,479 3,716 Non-controlling interests − − − − − − − − − (1) − − − − (1) Net income attributable to the Bank's shareholders and holders of other equity instruments – Adjusted 1,362 1,303 1,320 1,159 1,104 1,166 1,050 928 960 907 922 3,985 3,320 4,479 3,717 Dividends on preferred shares and distributions on other equity instruments 41 37 37 41 42 43 39 40 40 37 37 115 124 165 154 Net income attributable to common shareholders – Adjusted 1,321 1,266 1,283 1,118 1,062 1,123 1,011 888 920 870 885 3,870 3,196 4,314 3,563 Effective tax rate – Adjusted 23.9% 23.8% 23.7% 23.0% 23.3% 24.0% 22.6% 19.4% 20.3% 20.5% 19.2% 23.8% 23.3% 23.3% 19.9% Diluted earnings per share – Adjusted 3.39 3.23 3.25 2.82 2.68 2.85 2.93 2.58 2.68 2.54 2.59 9.88 8.46 11.28 10.39 (1) The presentation was changed in Q2 2025 and the comparative figures were not adjusted to reflect the change as the amounts were not considered significant. Prior Q2 2025, the amounts also included PCL on POCI loans acquired from SVB in Q4 2023 (Q1 2025: $1 million, Q4 2024: $(1) million, Q3 2024: $1 million, Q2 2024: $(3) million and Q1 2024: $(11) million). (2) For additional information on non-GAAP financial measures, see pages 15 and 16 in this document and the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca.
Slide 7 — Selected Average Balance Sheet Items; Net Interest Margin; AUA & AUM
National Bank of Canada – Supplementary Financial Information 7 Selected Average Balance Sheet Items; Net Interest Margin; AUA & AUM (millions of Canadian dollars, except as noted) 2026 2025 2024 YTD Full Year Selected Average Consolidated Balance Sheet Items Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Average securities(1) 226,869 219,054 202,591 193,992 190,971 179,041 162,869 153,989 149,372 145,528 138,726 216,139 177,612 181,741 146,911 Average securities purchased under reverse repurchase agreements and securities borrowed(1) 30,310 35,820 36,244 26,492 24,678 22,182 18,298 18,128 17,351 18,994 15,985 34,106 21,713 22,918 17,607 Average loans(1)(2) 318,930 307,335 302,759 296,809 288,309 284,845 244,706 239,819 236,990 231,691 228,161 309,700 272,486 278,616 234,180 Average interest-bearing assets(3) 606,929 596,435 573,232 549,282 534,190 517,344 456,423 442,043 428,670 414,959 400,439 592,152 502,491 514,285 421,566 Average assets(1) 643,021 631,995 603,457 583,295 567,070 551,432 488,208 469,795 461,504 455,036 442,666 626,094 535,396 547,469 457,262 Average deposits(1) 462,026 458,754 440,185 423,923 404,700 399,064 349,630 333,000 319,246 308,488 301,533 453,599 384,304 394,291 315,605 Average common shareholders' equity(1) 31,261 30,845 30,712 30,473 29,931 29,461 22,819 22,179 21,539 20,955 20,571 30,970 27,360 28,140 21,310 Return on average assets(3) 0.81% 0.80% 0.82% 0.72% 0.75% 0.67% 0.81% 0.81% 0.89% 0.81% 0.83% 0.81% 0.74% 0.73% 0.83% Return on average assets(3) – Adjusted(4) 0.84% 0.85% 0.87% 0.79% 0.77% 0.87% 0.85% 0.79% 0.83% 0.81% 0.83% 0.85% 0.83% 0.82% 0.81% Net Interest Margin(3) and Net Interest Margin, Non- trading – Adjusted(4) Net interest income 1,254 1,309 1,394 1,169 1,172 1,205 972 784 769 635 751 3,957 3,349 4,518 2,939 Less: specified items(5) − − − − − − (28) (9) (5) − − − (28) (28) (14) Net interest income – Adjusted(5) 1,254 1,309 1,394 1,169 1,172 1,205 1,000 793 774 635 751 3,957 3,377 4,546 2,953 Less: net interest income (loss) related to trading activities(3)(6) (878) (684) (696) (820) (766) (657) (672) (836) (771) (785) (684) (2,258) (2,095) (2,915) (3,076) Net interest income, non-trading – Adjusted(5)(6) 2,132 1,993 2,090 1,989 1,938 1,862 1,672 1,629 1,545 1,420 1,435 6,215 5,472 7,461 6,029 Average interest-bearing assets(3) 606,929 596,435 573,232 549,282 534,190 517,344 456,423 442,043 428,670 414,959 400,439 592,152 502,491 514,285 421,566 Net interest margin(3) 0.82% 0.90% 0.96% 0.84% 0.87% 0.96% 0.84% 0.71% 0.71% 0.62% 0.75% 0.89% 0.89% 0.88% 0.70% Average interest-bearing assets, non-trading(3) 388,043 378,401 370,222 360,237 345,875 341,998 293,884 287,139 277,201 266,673 258,753 378,894 327,090 335,445 272,473 Net interest margin, non-trading – Adjusted(4) 2.18% 2.16% 2.24% 2.19% 2.22% 2.23% 2.26% 2.26% 2.22% 2.17% 2.21% 2.19% 2.24% 2.22% 2.21% Assets Under Administration and Under Management Assets under administration(3) 988,957 938,997 899,198 874,360 817,718 825,523 820,125 766,082 746,295 691,554 712,488 Assets under management(3) Individual 140,615 132,831 125,884 122,864 115,653 107,168 100,932 95,297 91,288 84,047 79,641 Mutual funds 76,723 74,102 72,239 71,603 67,529 63,301 64,570 60,603 58,951 54,801 53,181 217,338 206,933 198,123 194,467 183,182 170,469 165,502 155,900 150,239 138,848 132,822 Assets Under Administration Balance at beginning 938,997 899,198 874,360 817,718 825,523 820,125 766,082 746,295 691,554 712,488 652,631 Net inflows 6,528 6,329 7,323 5,281 (61,391) 34,344 14,139 (58) 14,224 (37,523) 5,878 Market, performance and other impacts 43,432 33,470 17,515 51,361 53,586 (28,946) 39,904 19,845 40,517 16,589 53,979 Balance at end 988,957 938,997 899,198 874,360 817,718 825,523 820,125 766,082 746,295 691,554 712,488 Assets Under Management Balance at beginning 206,933 198,123 194,467 183,182 170,469 165,502 155,900 150,239 138,848 132,822 120,858 Net inflows 2,011 2,579 2,192 2,006 3,198 10,645 2,604 2,623 3,051 2,498 2,567 Market, performance and other impacts 8,394 6,231 1,464 9,279 9,515 (5,678) 6,998 3,038 8,340 3,528 9,397 Balance at end 217,338 206,933 198,123 194,467 183,182 170,469 165,502 155,900 150,239 138,848 132,822 (1) Represents an average of the daily balances for the period. (2) Including customers’ liability under acceptances for the quarters of 2024. (3) For details on the composition of these measures, see the Glossary section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank's website at nbc.ca or the SEDAR+ website at sedarplus.ca. (4) For additional information on non-GAAP ratios, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (5) For additional information on non-GAAP financial measures, see pages 15 and 16 in this document and the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (6) Q1 2026 data reflected a reclassification from trading to non-trading net interest income, resulting from an allocation methodology refinement in the Capital Markets segment.
Slide 8 — Segment Disclosures - Personal and Commercial (P&C)
National Bank of Canada – Supplementary Financial Information 8 Segment Disclosures - Personal and Commercial (P&C) (millions of Canadian dollars, except as noted) 2026 2025 2024 YTD Full Year Reported as per IFRS Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Net interest income 1,250 1,212 1,240 1,205 1,180 1,146 944 934 913 870 870 3,702 3,270 4,475 3,587 Non-interest income 296 276 288 277 269 270 260 256 285 261 284 860 799 1,076 1,086 Total revenues 1,546 1,488 1,528 1,482 1,449 1,416 1,204 1,190 1,198 1,131 1,154 4,562 4,069 5,551 4,673 Non-interest expenses 848 829 800 897 805 804 641 644 615 612 615 2,477 2,250 3,147 2,486 Income before provisions for credit losses and income taxes 698 659 728 585 644 612 563 546 583 519 539 2,085 1,819 2,404 2,187 PCL - Impaired 129 154 140 146 115 124 136 77 66 89 70 423 375 521 302 PCL - Performing (12) 15 (1) − 19 302 25 20 12 3 12 2 346 346 47 PCL - POCI(1) 1 (1) 1 (3) (11) 1 1 (14) Provisions for credit losses 117 169 139 146 134 426 162 96 79 89 71 425 722 868 335 Income before income taxes 581 490 589 439 510 186 401 450 504 430 468 1,660 1,097 1,536 1,852 Income taxes 160 135 162 120 140 54 111 123 138 119 129 457 305 425 509 Net income 421 355 427 319 370 132 290 327 366 311 339 1,203 792 1,111 1,343 Adjusted(2) Net interest income 1,250 1,212 1,240 1,205 1,180 1,146 944 934 913 870 870 3,702 3,270 4,475 3,587 Non-interest income 296 276 288 277 269 270 260 256 285 261 284 860 799 1,076 1,086 Total revenues 1,546 1,488 1,528 1,482 1,449 1,416 1,204 1,190 1,198 1,131 1,154 4,562 4,069 5,551 4,673 Non-interest expenses – Adjusted 827 809 779 876 782 780 641 644 615 612 615 2,415 2,203 3,079 2,486 Income before provisions for credit losses and income taxes – Adjusted 719 679 749 606 667 636 563 546 583 519 539 2,147 1,866 2,472 2,187 PCL - Impaired 129 154 140 146 115 124 136 77 66 89 70 423 375 521 302 PCL - Performing – Adjusted (12) 11 (1) − 19 72 25 20 12 3 12 (2) 116 116 47 PCL - POCI(1) 1 (1) 1 (3) (11) 1 1 (14) Provisions for credit losses – Adjusted 117 165 139 146 134 196 162 96 79 89 71 421 492 638 335 Income before income taxes – Adjusted 602 514 610 460 533 440 401 450 504 430 468 1,726 1,374 1,834 1,852 Income taxes – Adjusted 166 141 168 124 147 124 111 123 138 119 129 475 382 506 509 Net income – Adjusted 436 373 442 336 386 316 290 327 366 311 339 1,251 992 1,328 1,343 Key Metrics Return on common shareholders' equity(3) 11.8% 10.4% 12.2% 11.5% Return on common shareholders' equity – Adjusted(4) 12.2% 10.9% 12.7% 11.9% Net interest margin(3) 2.19% 2.26% 2.27% 2.25% 2.25% 2.30% 2.28% 2.30% 2.31% 2.36% 2.36% 2.24% 2.27% 2.27% 2.33% Efficiency ratio(3) 54.9% 55.7% 52.4% 60.5% 55.6% 56.8% 53.2% 54.1% 51.3% 54.1% 53.3% 54.3% 55.3% 56.7% 53.2% Efficiency ratio – Adjusted(4) 53.5% 54.4% 51.0% 59.1% 54.0% 55.1% 53.2% 54.1% 51.3% 54.1% 53.3% 52.9% 54.1% 55.5% 53.2% Average loans(5)(6) - Personal 125,370 119,756 117,546 114,352 110,988 107,933 100,203 99,621 98,779 96,916 96,701 120,903 106,358 108,373 98,010 Mortgages loans 107,970 102,788 100,746 97,683 94,695 92,156 84,415 84,055 83,336 81,896 81,851 103,846 90,403 92,238 82,789 Personal loans 14,388 14,100 13,904 13,875 13,569 13,158 13,117 12,964 12,879 12,544 12,355 14,131 13,283 13,432 12,686 Credit card 3,012 2,868 2,896 2,794 2,724 2,619 2,671 2,602 2,564 2,476 2,495 2,926 2,672 2,703 2,535 Average loans(5)(6) - Commercial 101,117 99,917 98,581 97,962 96,899 95,408 63,894 61,944 60,363 58,184 56,590 99,871 85,290 88,484 59,276 Average assets(5) 231,995 224,690 220,069 216,065 211,499 208,658 165,861 163,186 160,666 156,736 155,031 225,594 195,193 200,454 158,917 Average interest-bearing assets(3) 226,845 220,076 216,471 212,640 208,107 204,759 164,340 161,738 157,327 150,072 146,700 221,142 192,266 197,402 153,980 Average deposits(5) - Personal 48,752 48,612 48,993 49,631 50,162 48,874 42,274 41,994 41,692 41,052 40,845 48,788 47,084 47,726 41,398 Average deposits(5) - Commercial 65,966 62,044 62,300 61,171 58,931 58,212 49,758 49,712 50,214 47,881 48,104 63,452 55,605 57,008 48,984 Number of employees (full-time equivalent)(7) 10,693 10,649 9,022 8,926 8,998 9,290 7,813 7,725 7,769 7,778 7,774 10,693 8,998 8,926 7,725 (1) The presentation was changed in Q2 2025 and the comparative figures were not adjusted to reflect the change as the amounts were not considered significant. Prior Q2 2025, the amounts included PCL on POCI loans acquired from SVB in Q4 2023. (2) For additional information on non-GAAP financial measures, see pages 15 and 16 in this document and the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (3) For details on the composition of these measures, see the Glossary section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank's website at nbc.ca or the SEDAR+ website at sedarplus.ca. (4) For additional information on non-GAAP ratios, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (5) Represents an average of the daily balances for the period. (6) Including customers’ liability under acceptances for the quarters of 2024. (7) In Q2 2026, changes were made to the presentation of the number of employees (full-time equivalent) to better align with the management structure, notably the transfer to the business segment of the technology and operations services employees, who were previously presented under the Other heading of the segment results. This change has no impact on the segment’s financial results as the related expenses were already reflected in the business segment through the cost allocation process. Comparative figures have not been restated.
Slide 9 — Segment Disclosures - Wealth Management (WM)
National Bank of Canada – Supplementary Financial Information 9 Segment Disclosures - Wealth Management (WM) (millions of Canadian dollars, except as noted) 2026 2025 2024 YTD Full Year Reported as per IFRS Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Net interest income 254 241 240 238 235 230 227 213 219 203 198 735 692 930 833 Non-interest income 701 664 659 624 576 561 549 514 497 480 462 2,024 1,686 2,310 1,953 Total revenues 955 905 899 862 811 791 776 727 716 683 660 2,759 2,378 3,240 2,786 Non-interest expenses 553 531 531 508 477 476 441 427 416 400 390 1,615 1,394 1,902 1,633 Income before provisions for credit losses and income taxes 402 374 368 354 334 315 335 300 300 283 270 1,144 984 1,338 1,153 PCL - Impaired − 1 (1) 1 2 − 1 − − − − − 3 4 − PCL - Performing − − (1) 2 (1) (1) 1 (1) − − − (1) (1) 1 (1) Provisions for credit losses − 1 (2) 3 1 (1) 2 (1) − − − (1) 2 5 (1) Income before income taxes 402 373 370 351 333 316 333 301 300 283 270 1,145 982 1,333 1,154 Income taxes 106 99 98 93 89 84 91 82 83 78 74 303 264 357 317 Net income 296 274 272 258 244 232 242 219 217 205 196 842 718 976 837 Adjusted(1) Net interest income 254 241 240 238 235 230 227 213 219 203 198 735 692 930 833 Non-interest income 701 664 659 624 576 561 549 514 497 480 462 2,024 1,686 2,310 1,953 Total revenues 955 905 899 862 811 791 776 727 716 683 660 2,759 2,378 3,240 2,786 Non-interest expenses – Adjusted 549 527 528 505 475 472 441 427 416 400 390 1,604 1,388 1,893 1,633 Income before provisions for credit losses and income taxes – Adjusted 406 378 371 357 336 319 335 300 300 283 270 1,155 990 1,347 1,153 PCL - Impaired − 1 (1) 1 2 − 1 − − − − − 3 4 − PCL - Performing − − (1) 2 (1) (1) 1 (1) − − − (1) (1) 1 (1) Provisions for credit losses − 1 (2) 3 1 (1) 2 (1) − − − (1) 2 5 (1) Income before income taxes – Adjusted 406 377 373 354 335 320 333 301 300 283 270 1,156 988 1,342 1,154 Income taxes – Adjusted 107 100 99 95 89 85 91 82 83 78 74 306 265 360 317 Net income – Adjusted 299 277 274 259 246 235 242 219 217 205 196 850 723 982 837 Key metrics Return on common shareholders' equity(2) 63.9% 58.4% 56.6% 59.7% Return on common shareholders' equity – Adjusted(3) 64.5% 59.0% 57.0% 60.2% Efficiency ratio(2) 57.9% 58.7% 59.1% 58.9% 58.8% 60.2% 56.8% 58.7% 58.1% 58.6% 59.1% 58.5% 58.6% 58.7% 58.6% Efficiency ratio – Adjusted(3) 57.5% 58.2% 58.7% 58.6% 58.6% 59.7% 56.8% 58.7% 58.1% 58.6% 59.1% 58.1% 58.4% 58.4% 58.6% Average loans(4)(5) 12,557 11,581 11,220 10,817 9,957 9,596 9,443 8,690 8,440 7,967 7,713 11,788 9,667 9,957 8,204 Average assets(4) 14,626 13,348 13,128 12,375 11,140 10,754 10,611 9,839 9,479 8,963 8,708 13,705 10,836 11,224 9,249 Average deposits(4) 61,458 61,750 60,244 58,296 58,179 60,015 43,463 43,008 43,285 41,927 41,216 61,144 53,818 54,949 42,361 Number of employees (full-time equivalent)(6) 4,426 4,283 3,388 3,395 3,413 3,364 3,085 3,045 3,052 2,983 2,946 4,426 3,413 3,395 3,045 (1) For additional information on non-GAAP financial measures, see pages 15 and 16 in this document and the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (2) For details on the composition of these measures, see the Glossary section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank's website at nbc.ca or the SEDAR+ website at sedarplus.ca. (3) For additional information on non-GAAP ratios, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (4) Represents an average of the daily balances for the period. (5) Including customers’ liability under acceptances for the quarters of 2024. (6) In Q2 2026, changes were made to the presentation of the number of employees (full-time equivalent) to better align with the management structure, notably the transfer to the business segment of the technology and operations services employees, who were previously presented under the Other heading of the segment results. This change has no impact on the segment’s financial results as the related expenses were already reflected in the business segment through the cost allocation process. Comparative figures have not been restated.
Slide 10 — Segment Disclosures - Capital Markets (CM)
National Bank of Canada – Supplementary Financial Information 10 Segment Disclosures - Capital Markets (CM) (millions of Canadian dollars, except as noted) 2026 2025 2024 YTD Full Year Reported as per IFRS Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Net interest income(1) (655) (483) (497) (657) (598) (505) (509) (672) (623) (671) (553) (1,635) (1,612) (2,269) (2,519) Non-interest income(1) 1,696 1,557 1,487 1,534 1,375 1,606 1,416 1,309 1,312 1,352 1,200 4,740 4,397 5,931 5,173 Total revenues 1,041 1,074 990 877 777 1,101 907 637 689 681 647 3,105 2,785 3,662 2,654 Non-interest expenses 436 439 412 325 347 403 367 301 320 312 313 1,287 1,117 1,442 1,246 Income before provisions for credit losses and income taxes 605 635 578 552 430 698 540 336 369 369 334 1,818 1,668 2,220 1,408 PCL - Impaired 48 (1) 28 13 (1) 55 18 16 20 − (2) 75 72 85 34 PCL - Performing 2 17 (2) 5 25 9 18 (12) 2 11 19 17 52 57 20 Provisions for credit losses 50 16 26 18 24 64 36 4 22 11 17 92 124 142 54 Income before income taxes 555 619 552 534 406 634 504 332 347 358 317 1,726 1,544 2,078 1,354 Income taxes 113 131 109 102 72 133 87 26 29 36 9 353 292 394 100 Net income 442 488 443 432 334 501 417 306 318 322 308 1,373 1,252 1,684 1,254 Adjusted(2) Net interest income(1) (655) (483) (497) (657) (598) (505) (509) (672) (623) (671) (553) (1,635) (1,612) (2,269) (2,519) Non-interest income(1) 1,696 1,557 1,487 1,534 1,375 1,606 1,416 1,309 1,312 1,352 1,200 4,740 4,397 5,931 5,173 Total revenues 1,041 1,074 990 877 777 1,101 907 637 689 681 647 3,105 2,785 3,662 2,654 Non-interest expenses – Adjusted 436 439 412 325 347 403 367 301 320 312 313 1,287 1,117 1,442 1,246 Income before provisions for credit losses and income taxes – Adjusted 605 635 578 552 430 698 540 336 369 369 334 1,818 1,668 2,220 1,408 PCL - Impaired 48 (1) 28 13 (1) 55 18 16 20 − (2) 75 72 85 34 PCL - Performing 2 15 (2) 5 25 9 18 (12) 2 11 19 15 52 57 20 Provisions for credit losses 50 14 26 18 24 64 36 4 22 11 17 90 124 142 54 Income before income taxes – Adjusted 555 621 552 534 406 634 504 332 347 358 317 1,728 1,544 2,078 1,354 Income taxes – Adjusted 113 131 109 102 72 133 87 26 29 36 9 353 292 394 100 Net income – Adjusted 442 490 443 432 334 501 417 306 318 322 308 1,375 1,252 1,684 1,254 Key Metrics Return on common shareholders' equity(3) 23.6% 28.9% 25.9% 26.1% Return on common shareholders' equity – Adjusted(4) 23.6% 28.9% 25.9% 26.1% Efficiency ratio(3) 41.9% 40.9% 41.6% 37.1% 44.7% 36.6% 40.5% 47.3% 46.4% 45.8% 48.4% 41.4% 40.1% 39.4% 46.9% Efficiency ratio – Adjusted(4) 41.9% 40.9% 41.6% 37.1% 44.7% 36.6% 40.5% 47.3% 46.4% 45.8% 48.4% 41.4% 40.1% 39.4% 46.9% Average loans(5)(6) (Corporate Banking only) 34,897 32,628 31,681 31,192 30,909 31,118 31,472 31,749 32,229 31,911 31,659 33,074 31,166 31,173 31,887 Average assets(5) 273,785 269,129 250,483 237,476 234,289 224,314 211,793 200,888 197,996 194,158 190,443 264,414 223,456 226,990 195,881 Average deposits(5) 100,991 97,818 91,372 86,400 78,775 77,467 74,330 70,646 65,447 64,578 63,335 96,715 76,850 79,257 65,930 Number of employees (full-time equivalent)(7) 2,177 1,948 1,120 1,138 1,190 1,048 1,050 1,036 1,105 976 977 2,177 1,190 1,138 1,036 (1) The financing costs of the trading activity are presented in Net interest income, while most related gains are recorded in Non-interest income. For additional information, see Note 21 to the audited annual consolidated financial statements for the year ended October 31, 2025. (2) For additional information on non-GAAP financial measures, see pages 15 and 16 in this document and the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (3) For details on the composition of these measures, see the Glossary section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank's website at nbc.ca or the SEDAR+ website at sedarplus.ca. (4) For additional information on non-GAAP ratios, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (5) Represents an average of the daily balances for the period. (6) Including customers’ liability under acceptances for the quarters of 2024. (7) In Q2 2026, changes were made to the presentation of the number of employees (full-time equivalent) to better align with the management structure, notably the transfer to the business segment of the technology and operations services employees, who were previously presented under the Other heading of the segment results. This change has no impact on the segment’s financial results as the related expenses were already reflected in the business segment through the cost allocation process. Comparative figures have not been restated.
Slide 11 — Segment Disclosures - U.S. Specialty Finance and International (USSF&I)
National Bank of Canada – Supplementary Financial Information 11 Segment Disclosures - U.S. Specialty Finance and International (USSF&I) (millions of Canadian dollars, except as noted) 2026 2025 2024 YTD Full Year Credigy – Reported as per IFRS Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Net interest income 133 137 157 140 131 137 141 150 129 126 117 427 409 549 522 Non-interest income 25 3 3 4 5 4 4 (6) 10 10 8 31 13 17 22 Total revenues 158 140 160 144 136 141 145 144 139 136 125 458 422 566 544 Non-interest expenses 33 36 37 37 40 39 40 36 39 34 35 106 119 156 144 Income before provisions for credit losses and income taxes 125 104 123 107 96 102 105 108 100 102 90 352 303 410 400 PCL - Impaired - Stage 3 24 20 25 16 18 21 20 22 19 15 16 69 59 75 72 PCL - Performing 32 2 13 11 2 (2) 10 7 9 6 7 47 10 21 29 PCL - Impaired - POCI (1) 3 4 4 2 11 − 4 1 5 2 6 13 17 12 Provisions for credit losses 55 25 42 31 22 30 30 33 29 26 25 122 82 113 113 Income before income taxes 70 79 81 76 74 72 75 75 71 76 65 230 221 297 287 Income taxes 14 17 17 15 16 15 16 16 15 15 14 48 47 62 60 Net income 56 62 64 61 58 57 59 59 56 61 51 182 174 235 227 Credigy – Key Metrics Return on common shareholders' equity(1) 18.4% 21.6% 21.1% 20.4% Efficiency ratio(1) 20.9% 25.7% 23.1% 25.7% 29.4% 27.7% 27.6% 25.0% 28.1% 25.0% 28.0% 23.1% 28.2% 27.6% 26.5% Average loans and receivables(2) 12,284 12,392 12,333 12,298 11,215 11,872 11,659 11,188 11,071 10,991 10,441 12,336 11,579 11,760 10,923 Average assets(2) 12,741 12,830 12,751 12,704 11,568 12,252 12,011 11,534 11,413 11,310 10,762 12,773 11,941 12,133 11,255 Formation of gross impaired loans excluding Credigy's POCI loans(3)(4) 44 27 43 17 21 30 21 42 29 20 26 114 72 89 117 Gross impaired loans excluding Credigy's POCI loans(3) 152 132 126 102 104 102 92 88 64 54 51 152 104 102 88 Credigy – Reported as per IFRS (millions of U.S. dollars) Net interest income 95 100 113 101 95 97 99 110 95 93 88 308 291 392 386 Non-interest income 17 3 2 3 4 3 3 (4) 7 7 6 22 10 13 16 Total revenues 112 103 115 104 99 100 102 106 102 100 94 330 301 405 402 Non-interest expenses 24 27 26 27 29 28 28 27 28 26 26 77 85 112 107 Income before provisions for credit losses and income taxes 88 76 89 77 70 72 74 79 74 74 68 253 216 293 295 PCL - Impaired - Stage 3 17 15 18 12 14 14 14 16 14 11 12 50 42 54 53 PCL - Performing 23 1 9 8 1 (1) 7 5 7 5 5 33 7 15 22 PCL - Impaired - POCI (1) 2 3 3 1 8 − 3 − 4 2 4 9 12 9 Provisions for credit losses 39 18 30 23 16 21 21 24 21 20 19 87 58 81 84 Income before income taxes 49 58 59 54 54 51 53 55 53 54 49 166 158 212 211 Income taxes 10 12 12 12 11 11 11 12 11 11 10 34 33 45 44 Net income 39 46 47 42 43 40 42 43 42 43 39 132 125 167 167 Credigy – Key Metrics (millions of U.S. dollars, except as noted) Efficiency ratio(1) 21.4% 26.2% 22.6% 26.0% 29.3% 28.0% 27.5% 25.5% 27.5% 26.0% 27.7% 23.3% 28.2% 27.7% 26.6% Average loans and receivables(2) 8,777 9,034 8,957 8,851 8,153 8,212 8,263 8,223 8,085 8,126 7,714 8,922 8,209 8,371 8,037 Average assets(2) 9,104 9,353 9,261 9,144 8,410 8,475 8,512 8,478 8,310 8,337 7,925 9,238 8,466 8,637 8,262 Formation of gross impaired loans excluding Credigy's POCI loans(3)(5) 26 19 32 10 14 23 11 29 19 12 20 77 48 58 80 Gross impaired loans excluding Credigy's POCI loans(3) 108 97 93 73 75 74 63 63 46 39 38 108 75 73 63 (1) For details on the composition of these measures, see the Glossary section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank's website at nbc.ca or the SEDAR+ website at sedarplus.ca. (2) Represents an average of the daily balances for the period. (3) For additional information on non-GAAP financial measures, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (4) The formations presented in the table are before write-offs and comprise new accounts, disbursements, principal repayments, and exchange rate fluctuation. (5) The formations presented in the table are before write-offs and comprise new accounts, disbursements and principal repayments.
Slide 12 — Segment Disclosures - U.S. Specialty Finance and International (USSF&I) (continued)
National Bank of Canada – Supplementary Financial Information 12 Segment Disclosures - U.S. Specialty Finance and International (USSF&I) (continued) (millions of Canadian dollars, except as noted) 2026 2025 2024 YTD Full Year ABA Bank – Reported as per IFRS Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Net interest income 242 234 239 247 233 221 220 210 200 189 174 715 674 921 773 Non-interest income 37 31 32 27 26 29 28 24 23 20 20 100 83 110 87 Total revenues 279 265 271 274 259 250 248 234 223 209 194 815 757 1,031 860 Non-interest expenses 97 94 83 88 89 77 83 79 76 73 65 274 249 337 293 Income before provisions for credit losses and income taxes 182 171 188 186 170 173 165 155 147 136 129 541 508 694 567 PCL - Impaired 23 18 23 35 16 19 21 29 17 10 15 64 56 91 71 PCL - Performing 1 1 15 13 4 10 − − − 1 (4) 17 14 27 (3) Provisions for credit losses 24 19 38 48 20 29 21 29 17 11 11 81 70 118 68 Income before income taxes 158 152 150 138 150 144 144 126 130 125 118 460 438 576 499 Income taxes 33 31 32 29 31 31 30 27 27 26 25 96 92 121 105 Net income 125 121 118 109 119 113 114 99 103 99 93 364 346 455 394 ABA Bank – Key Metrics Return on common shareholders' equity(1) 31.8% 30.2% 28.5% 30.2% Efficiency ratio(1) 34.8% 35.5% 30.6% 32.1% 34.4% 30.8% 33.5% 33.8% 34.1% 34.9% 33.5% 33.6% 32.9% 32.7% 34.1% Average loans and receivables(2) 13,492 12,968 12,734 12,419 11,943 12,246 11,769 11,154 11,044 10,694 10,345 13,066 11,983 12,093 10,809 Average assets(2) 22,329 22,470 21,990 21,039 20,016 20,574 18,950 17,287 16,529 15,845 15,014 22,261 19,838 20,141 16,170 Average deposits(2) 17,560 17,956 17,380 16,711 16,068 16,474 15,145 13,745 13,272 12,750 12,174 17,628 15,889 16,097 12,987 Formation of gross impaired loans(3) 95 47 25 87 66 56 144 129 75 48 50 167 266 353 302 Gross impaired loans 1,102 1,020 984 968 896 838 791 648 519 445 397 1,102 896 968 648 ABA Bank – Reported as per IFRS (millions of U.S. dollars) Net interest income 173 170 173 178 169 156 154 154 146 138 129 516 479 657 567 Non-interest income 26 23 23 20 19 20 20 17 17 15 15 72 59 79 64 Total revenues 199 193 196 198 188 176 174 171 163 153 144 588 538 736 631 Non-interest expenses 69 69 60 64 64 55 59 58 56 54 48 198 178 242 216 Income before provisions for credit losses and income taxes 130 124 136 134 124 121 115 113 107 99 96 390 360 494 415 PCL - Impaired 17 13 17 25 11 14 15 22 12 7 11 47 40 65 52 PCL - Performing 1 1 10 9 3 7 − − − 1 (3) 12 10 19 (2) Provisions for credit losses 18 14 27 34 14 21 15 22 12 8 8 59 50 84 50 Income before income taxes 112 110 109 100 110 100 100 91 95 91 88 331 310 410 365 Income taxes 24 23 23 22 23 21 21 19 20 19 18 70 65 87 76 Net income 88 87 86 78 87 79 79 72 75 72 70 261 245 323 289 ABA Bank – Key Metrics (millions of U.S. dollars, except as noted) Efficiency ratio(1) 34.7% 35.8% 30.6% 32.3% 34.0% 31.3% 33.9% 33.9% 34.4% 35.3% 33.3% 33.7% 33.1% 32.9% 34.2% Average loans and receivables(2) 9,640 9,454 9,248 8,940 8,683 8,473 8,340 8,198 8,065 7,906 7,634 9,447 8,499 8,610 7,951 Average assets(2) 15,955 16,381 15,974 15,143 14,550 14,238 13,423 12,708 11,972 11,614 10,983 16,100 14,069 14,339 11,820 Average deposits(2) 12,549 13,091 12,624 12,029 11,681 11,399 10,729 10,104 9,693 9,426 8,985 12,751 11,268 11,460 9,553 Formation of gross impaired loans(4) 45 36 39 55 45 70 79 90 53 28 45 120 194 249 216 Gross impaired loans 786 751 723 690 647 608 544 465 376 323 295 786 647 690 465 (1) For details on the composition of these measures, see the Glossary section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank's website at nbc.ca or the SEDAR+ website at sedarplus.ca. (2) Represents an average of the daily balances for the period. (3) The formations presented in the table are before write-offs and comprise new accounts, disbursements, principal repayments, and exchange rate fluctuation. (4) The formations presented in the table are before write-offs and comprise new accounts, disbursements and principal repayments.
Slide 13 — Segment Disclosures - U.S. Specialty Finance and International (USSF&I) (continued)
National Bank of Canada – Supplementary Financial Information 13 Segment Disclosures - U.S. Specialty Finance and International (USSF&I) (continued) (millions of Canadian dollars, except as noted) 2026 2025 2024 YTD Full Year International – Reported as per IFRS Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Net interest income 2 2 1 2 5 (2) 9 (2) (3) 3 10 5 12 14 8 Non-interest income 2 3 2 4 2 1 3 2 2 2 (3) 7 6 10 3 Total revenues 4 5 3 6 7 (1) 12 − (1) 5 7 12 18 24 11 Non-interest expenses − 1 − 1 6 1 − 1 − 1 − 1 7 8 2 Income before provisions for credit losses and income taxes 4 4 3 5 1 (2) 12 (1) (1) 4 7 11 11 16 9 PCL - Impaired − − − − − − − 1 − − − − − − 1 PCL - Performing − − − − − − − − − − − − − − − Provisions for credit losses − − − − − − − 1 − − − − − − 1 Income before income taxes 4 4 3 5 1 (2) 12 (2) (1) 4 7 11 11 16 8 Income taxes 1 1 − 1 − (1) 2 (1) − 1 1 2 1 2 1 Net income 3 3 3 4 1 (1) 10 (1) (1) 3 6 9 10 14 7 International – Key Metrics Average loans and receivables(1) 59 58 56 54 51 8 − 1 1 1 1 58 20 28 1 Average assets(1) 96 93 86 215 224 275 236 232 247 247 249 92 245 237 244 USSF&I – Reported as per IFRS Net interest income 377 373 397 389 369 356 370 358 326 318 301 1,147 1,095 1,484 1,303 Non-interest income 64 37 37 35 33 34 35 20 35 32 25 138 102 137 112 Total revenues 441 410 434 424 402 390 405 378 361 350 326 1,285 1,197 1,621 1,415 Non-interest expenses 130 131 120 126 135 117 123 116 115 108 100 381 375 501 439 Income before provisions for credit losses and income taxes 311 279 314 298 267 273 282 262 246 242 226 904 822 1,120 976 PCL - Impaired 47 38 48 51 34 40 41 52 36 25 31 133 115 166 144 PCL - Performing 33 3 28 24 6 8 10 7 9 7 3 64 24 48 26 PCL - Credigy’s POCI loans (1) 3 4 4 2 11 − 4 1 5 2 6 13 17 12 Provisions for credit losses 79 44 80 79 42 59 51 63 46 37 36 203 152 231 182 Income before income taxes 232 235 234 219 225 214 231 199 200 205 190 701 670 889 794 Income taxes 48 49 49 45 47 45 48 42 42 42 40 146 140 185 166 Net income 184 186 185 174 178 169 183 157 158 163 150 555 530 704 628 USSF&I – Key Metrics Return on common shareholders' equity(2) 26.4% 26.9% 25.6% 26.4% Efficiency ratio(2) 29.5% 32.0% 27.6% 29.7% 33.6% 30.0% 30.4% 30.7% 31.9% 30.9% 30.7% 29.6% 31.3% 30.9% 31.0% Average loans and receivables(1) 25,835 25,418 25,123 24,771 23,209 24,126 23,428 22,343 22,116 21,686 20,787 25,460 23,582 23,881 21,733 Average assets(1) 35,166 35,393 34,827 33,958 31,808 33,101 31,197 29,053 28,189 27,402 26,025 35,126 32,024 32,511 27,669 Average deposits(1) 17,560 17,956 17,380 16,711 16,068 16,500 15,145 13,745 13,272 12,750 12,174 17,628 15,898 16,103 12,987 Number of employees (full-time equivalent) 12,330 11,829 11,427 11,058 10,504 10,264 10,155 10,084 9,968 9,730 9,828 12,330 10,504 11,058 10,084 (1) Represents an average of the daily balances for the period. (2) For details on the composition of these measures, see the Glossary section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank's website at nbc.ca or the SEDAR+ website at sedarplus.ca.
Slide 14 — Segment Disclosures - Other
National Bank of Canada – Supplementary Financial Information 14 Segment Disclosures - Other (millions of Canadian dollars, except as noted) 2026 2025 2024 YTD Full Year Reported as per IFRS Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Net interest income 28 (34) 14 (6) (14) (22) (60) (49) (66) (85) (65) 8 (96) (102) (265) Non-interest income 42 64 28 59 24 (26) (49) 61 98 (10) (12) 134 (51) 8 137 Total revenues 70 30 42 53 10 (48) (109) 12 32 (95) (77) 142 (147) (94) (128) Non-interest expenses 126 129 148 231 161 142 74 104 75 40 31 403 377 608 250 Income before provisions for credit losses and income taxes (56) (99) (106) (178) (151) (190) (183) (92) (43) (135) (108) (261) (524) (702) (378) PCL - Impaired − − − − − − − − − − − − − − − PCL - Performing − 3 1 (2) 2 (3) 3 − 2 1 (4) 4 2 − (1) Provisions for credit losses − 3 1 (2) 2 (3) 3 − 2 1 (4) 4 2 − (1) Income before income taxes (recovery) (56) (102) (107) (176) (153) (187) (186) (92) (45) (136) (104) (265) (526) (702) (377) Income taxes (recovery) (20) (33) (34) (52) (92) (49) (51) (38) (19) (41) (33) (87) (192) (244) (131) Net income (loss) (36) (69) (73) (124) (61) (138) (135) (54) (26) (95) (71) (178) (334) (458) (246) Non-controlling interests − − − − − − − − − (1) − − − − (1) Net income (loss) attributable to the Bank's shareholders and holders of other equity instruments (36) (69) (73) (124) (61) (138) (135) (54) (26) (94) (71) (178) (334) (458) (245) Adjusted(1) Net interest income – Adjusted 28 (34) 14 (6) (14) (22) (32) (40) (61) (85) (65) 8 (68) (74) (251) Non-interest income – Adjusted 42 64 28 59 24 (26) (30) 3 (15) (10) (12) 134 (32) 27 (34) Total revenues – Adjusted 70 30 42 53 10 (48) (62) (37) (76) (95) (77) 142 (100) (47) (285) Non-interest expenses – Adjusted 75 65 81 117 67 28 48 93 68 40 31 221 143 260 232 Income before provisions for credit losses and income taxes – Adjusted (5) (35) (39) (64) (57) (76) (110) (130) (144) (135) (108) (79) (243) (307) (517) PCL - Impaired − − − − − − − − − − − − − − − PCL - Performing − 3 1 (2) 2 (3) 3 − 2 1 (4) 4 2 − (1) Provisions for credit losses − 3 1 (2) 2 (3) 3 − 2 1 (4) 4 2 − (1) Income before income taxes (recovery) – Adjusted (5) (38) (40) (62) (59) (73) (113) (130) (146) (136) (104) (83) (245) (307) (516) Income taxes (recovery) – Adjusted (6) (15) (16) (20) (19) (18) (31) (49) (47) (41) (33) (37) (68) (88) (170) Net income (loss) – Adjusted 1 (23) (24) (42) (40) (55) (82) (81) (99) (95) (71) (46) (177) (219) (346) Non-controlling interests − − − − − − − − − (1) − − − − (1) Net income (loss) attributable to the Bank's shareholders and holders of other equity instruments – Adjusted 1 (23) (24) (42) (40) (55) (82) (81) (99) (94) (71) (46) (177) (219) (345) Key Metrics Average assets(2) 87,449 89,435 84,950 83,421 78,334 74,605 68,746 66,829 65,174 67,777 62,459 87,255 73,887 76,290 65,546 Average deposits(2) 167,299 170,574 159,896 151,714 142,585 137,996 124,662 113,895 105,336 100,300 95,859 165,872 135,049 139,248 103,945 Number of employees (full-time equivalent)(3) 5,190 5,058 8,570 8,683 8,732 8,405 7,405 7,306 7,356 7,198 7,206 5,190 8,732 8,683 7,306 (1) For additional information on non-GAAP financial measures, see pages 15 and 16 in this document and the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (2) Represents an average of the daily balances for the period. (3) In Q2 2026, changes were made to the presentation of the number of employees (full-time equivalent) to better align with the management structure, notably the transfer to the business segment of the technology and operations services employees, who were previously presented under the Other heading of the segment results. This change has no impact on the segment’s financial results as the related expenses were already reflected in the business segment through the cost allocation process. Comparative figures have not been restated.
Slide 15 — Reconciliation of Non-GAAP Financial Measures(1)
National Bank of Canada – Supplementary Financial Information 15 Reconciliation of Non-GAAP Financial Measures(1) (millions of Canadian dollars) 2026 2025 2024 YTD Full year Operating Results - Reported as per IFRS Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Net interest income 1,254 1,309 1,394 1,169 1,172 1,205 972 784 769 635 751 3,957 3,349 4,518 2,939 Non-interest income 2,799 2,598 2,499 2,529 2,277 2,445 2,211 2,160 2,227 2,115 1,959 7,896 6,933 9,462 8,461 Total revenues 4,053 3,907 3,893 3,698 3,449 3,650 3,183 2,944 2,996 2,750 2,710 11,853 10,282 13,980 11,400 Non-interest expenses 2,093 2,059 2,011 2,087 1,925 1,942 1,646 1,592 1,541 1,472 1,449 6,163 5,513 7,600 6,054 Income before provisions for credit losses and income taxes 1,960 1,848 1,882 1,611 1,524 1,708 1,537 1,352 1,455 1,278 1,261 5,690 4,769 6,380 5,346 PCL - Impaired 224 192 215 211 150 219 196 145 122 114 99 631 565 776 480 PCL - Performing 23 38 25 29 51 315 57 14 25 22 30 86 423 452 91 PCL - Credigy’s POCI loans(2) (1) 3 4 4 2 11 1 3 2 2 (9) 6 14 18 (2) Provisions for credit losses 246 233 244 244 203 545 254 162 149 138 120 723 1,002 1,246 569 Income before income taxes 1,714 1,615 1,638 1,367 1,321 1,163 1,283 1,190 1,306 1,140 1,141 4,967 3,767 5,134 4,777 Income taxes 407 381 384 308 256 267 286 235 273 234 219 1,172 809 1,117 961 Net income 1,307 1,234 1,254 1,059 1,065 896 997 955 1,033 906 922 3,795 2,958 4,017 3,816 Non-controlling interests − − − − − − − − − (1) − − − − (1) Net income attributable to the Bank's shareholders and holders of other equity instruments 1,307 1,234 1,254 1,059 1,065 896 997 955 1,033 907 922 3,795 2,958 4,017 3,817 Items that have an impact on results Net interest income Amortization of the subscription receipt issuance costs(3) − − − − − − (28) (9) (5) − − − (28) (28) (14) − − − − − − (28) (9) (5) − − − (28) (28) (14) Non-interest income Gain on the fair value remeasurement of an equity interests(3) − − − − − − 4 54 120 − − − 4 4 174 Management of the fair value changes related to the CWB acquisition(3) − − − − − − (23) 4 (7) − − − (23) (23) (3) − − − − − − (19) 58 113 − − − (19) (19) 171 Non-interest expenses Integration and transaction-related charges(3) 51 64 67 114 94 118 26 11 7 − − 182 238 352 18 Amortization of intangible assets related to the CWB acquisition(3) 25 24 24 24 25 24 − − − − − 73 49 73 − 76 88 91 138 119 142 26 11 7 − − 255 287 425 18 Provisions for credit losses Initial provisions for credit losses on performing loans acquired(3) − 6 − − − 230 − − − − − 6 230 230 − − 6 − − − 230 − − − − − 6 230 230 − Income taxes Income tax recovery related to a change in tax treatment(3) − − − − (47) − − − − − − − (47) (47) − Income taxes on specified items(3) (21) (25) (25) (38) (33) (102) (20) 11 28 − − (71) (155) (193) 39 (21) (25) (25) (38) (80) (102) (20) 11 28 − − (71) (202) (240) 39 Impact on net income (55) (69) (66) (100) (39) (270) (53) 27 73 − − (190) (362) (462) 100 Operating Results – Adjusted(1) Net interest income – Adjusted 1,254 1,309 1,394 1,169 1,172 1,205 1,000 793 774 635 751 3,957 3,377 4,546 2,953 Non-interest income – Adjusted 2,799 2,598 2,499 2,529 2,277 2,445 2,230 2,102 2,114 2,115 1,959 7,896 6,952 9,481 8,290 Total revenues – Adjusted 4,053 3,907 3,893 3,698 3,449 3,650 3,230 2,895 2,888 2,750 2,710 11,853 10,329 14,027 11,243 Non-interest expenses – Adjusted 2,017 1,971 1,920 1,949 1,806 1,800 1,620 1,581 1,534 1,472 1,449 5,908 5,226 7,175 6,036 Income before provisions for credit losses and income taxes – Adjusted 2,036 1,936 1,973 1,749 1,643 1,850 1,610 1,314 1,354 1,278 1,261 5,945 5,103 6,852 5,207 PCL - Impaired 224 192 215 211 150 219 196 145 122 114 99 631 565 776 480 PCL - Performing – Adjusted 23 32 25 29 51 85 57 14 25 22 30 80 193 222 91 PCL - Credigy’s POCI loans(2) (1) 3 4 4 2 11 1 3 2 2 (9) 6 14 18 (2) Provisions for credit losses– Adjusted 246 227 244 244 203 315 254 162 149 138 120 717 772 1,016 569 Income before income taxes – Adjusted 1,790 1,709 1,729 1,505 1,440 1,535 1,356 1,152 1,205 1,140 1,141 5,228 4,331 5,836 4,638 Income taxes – Adjusted 428 406 409 346 336 369 306 224 245 234 219 1,243 1,011 1,357 922 Net income – Adjusted 1,362 1,303 1,320 1,159 1,104 1,166 1,050 928 960 906 922 3,985 3,320 4,479 3,716 Non-controlling interests − − − − − − − − − (1) − − − − (1) Net income attributable to the Bank's shareholders and holders of other equity instruments – Adjusted 1,362 1,303 1,320 1,159 1,104 1,166 1,050 928 960 907 922 3,985 3,320 4,479 3,717 (1) For additional information on non-GAAP financial measures, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank's website at nbc.ca or the SEDAR+ website at sedarplus.ca. (2) The presentation was changed in Q2 2025 and the comparative figures were not adjusted to reflect the change as the amounts were not considered significant. Prior Q2 2025, the amounts also included PCL on POCI loans acquired from SVB in Q4 2023 (Q1 2025: $1 million, Q4 2024: $(1) million, Q3 2024: $1 million, Q2 2024: $(3) million and Q1 2024: $(11) million). (3) More details on specified items are presented on page 16.
Slide 16 — Specified Items(1)
National Bank of Canada – Supplementary Financial Information 16 Specified Items(1) (millions of Canadian dollars) 2026 2025 2024 YTD Full year Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2026 2025 2025 2024 P&C WM Other Total P&C WM CM Other Total P&C WM Other Total P&C WM Other Total P&C WM Other Total P&C WM Other Total Other Other Other Total Total Total Total Net interest income Amortization of the subscription receipt issuance costs(2) − − − − − − − − − − − − − − − − − − − − − − − − − (28) (9) (5) − (28) (28) (14) − − − − − − − − − − − − − − − − − − − − − − − − − (28) (9) (5) − (28) (28) (14) Non-interest income Gain on the fair value remeasurement of an equity interest(3) − − − − − − − − − − − − − − − − − − − − − − − − − 4 54 120 − 4 4 174 Management of the fair value changes related to the CWB acquisition(4) − − − − − − − − − − − − − − − − − − − − − − − − − (23) 4 (7) − (23) (23) (3) − − − − − − − − − − − − − − − − − − − − − − − − − (19) 58 113 − (19) (19) 171 Total revenues − − − − − − − − − − − − − − − − − − − − − − − − − (47) 49 108 − (47) (47) 157 Non-interest expenses Integration and transaction-related charges(5) − − 51 51 − − − 64 64 − − 67 67 − − 114 114 − − 94 94 1 3 114 118 26 11 7 182 238 352 18 Amortization of intangible assets related to the CWB acquisition(6) 21 4 − 25 20 4 − − 24 21 3 − 24 21 3 − 24 23 2 − 25 23 1 − 24 − − − 73 49 73 − 21 4 51 76 20 4 − 64 88 21 3 67 91 21 3 114 138 23 2 94 119 24 4 114 142 26 11 7 255 287 425 18 Income before provisions for credit losses and income taxes (21) (4) (51) (76) (20) (4) − (64) (88) (21) (3) (67) (91) (21) (3) (114) (138) (23) (2) (94) (119) (24) (4) (114) (142) (73) 38 101 (255) (334) (472) 139 Provisions for credit losses Initial provisions for credit losses on performing loans acquired − − − − 4 − 2 − 6 − − − − − − − − − − − − 230 − − 230 − − − 6 230 230 − − − − − 4 − 2 − 6 − − − − − − − − − − − − 230 − − 230 − − − 6 230 230 − Income before income taxes (21) (4) (51) (76) (24) (4) (2) (64) (94) (21) (3) (67) (91) (21) (3) (114) (138) (23) (2) (94) (119) (254) (4) (114) (372) (73) 38 101 (261) (564) (702) 139 Income taxes Income tax recovery related to a change in tax treatment − − − − − − − − − − − − − − − − − − − (47) (47) − − − − − − − − (47) (47) − Income taxes related to specified items (6) (1) (14) (21) (6) (1) − (18) (25) (6) (1) (18) (25) (4) (2) (32) (38) (7) − (26) (33) (70) (1) (31) (102) (20) 11 28 (71) (155) (193) 39 (6) (1) (14) (21) (6) (1) − (18) (25) (6) (1) (18) (25) (4) (2) (32) (38) (7) − (73) (80) (70) (1) (31) (102) (20) 11 28 (71) (202) (240) 39 Net income (15) (3) (37) (55) (18) (3) (2) (46) (69) (15) (2) (49) (66) (17) (1) (82) (100) (16) (2) (21) (39) (184) (3) (83) (270) (53) 27 73 (190) (362) (462) 100 (1) For additional information on non-GAAP financial measures, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026 which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (2) The specified item is presented in the Interest expense − Deposits item of the Net interest income. (3) The specified item is presented in the Gains (losses) on non-trading securities, net item of the Non-interest income. (4) The specified item is presented in the Trading revenues (losses) item of the Non-interest income. (5) The specified item is presented in the Compensation and employee benefits, Occupancy, Amortization – Premises and equipment, Technology, Amortization – Technology, Communications, Professional fees and Other items of the Non-interest expenses. (6) The specified item is presented in the Other item of the Non-interest expenses.
Slide 17 — Return on Common Shareholders' Equity by Business Segment(1)
National Bank of Canada – Supplementary Financial Information 17 Return on Common Shareholders' Equity by Business Segment(1) (millions of Canadian dollars, except as noted) 2026 YTD Personal and Commercial Q3 Q2 Q1 2026 Net income attributable to common shareholders 402 338 408 1,148 Net income attributable to common shareholders – Adjusted(2) 417 356 423 1,196 Average allocated capital(3) 13,557 13,372 13,263 13,402 Return on common shareholders' equity(3) 11.8% 10.4% 12.2% 11.5% Return on common shareholders' equity – Adjusted(4) 12.2% 10.9% 12.7% 11.9% Wealth Management Net income attributable to common shareholders 294 273 271 838 Net income attributable to common shareholders – Adjusted(2) 297 276 273 846 Average allocated capital(3) 1,828 1,917 1,899 1,878 Return on common shareholders' equity(3) 63.9% 58.4% 56.6% 59.7% Return on common shareholders' equity – Adjusted(4) 64.5% 59.0% 57.0% 60.2% Capital Markets Net income attributable to common shareholders 431 477 432 1,340 Net income attributable to common shareholders – Adjusted(2) 431 479 432 1,342 Average allocated capital(3) 7,238 6,775 6,614 6,872 Return on common shareholders' equity(3) 23.6% 28.9% 25.9% 26.1% Return on common shareholders' equity – Adjusted(4) 23.6% 28.9% 25.9% 26.1% Credigy Net income attributable to common shareholders 52 61 62 175 Net income attributable to common shareholders – Adjusted(2) 52 61 62 175 Average allocated capital(3) 1,132 1,154 1,165 1,151 Return on common shareholders' equity(3) 18.4% 21.6% 21.1% 20.4% Return on common shareholders' equity – Adjusted(4) 18.4% 21.6% 21.1% 20.4% ABA Bank Net income attributable to common shareholders 122 118 115 355 Net income attributable to common shareholders – Adjusted(2) 122 118 115 355 Average allocated capital(3) 1,527 1,593 1,608 1,577 Return on common shareholders' equity(3) 31.8% 30.2% 28.5% 30.2% Return on common shareholders' equity – Adjusted(4) 31.8% 30.2% 28.5% 30.2% U.S. Specialty Finance and International Net income attributable to common shareholders 178 182 180 540 Net income attributable to common shareholders – Adjusted(2) 178 182 180 540 Average allocated capital(3) 2,674 2,762 2,788 2,743 Return on common shareholders' equity(3) 26.4% 26.9% 25.6% 26.4% Return on common shareholders' equity – Adjusted(4) 26.4% 26.9% 25.6% 26.4% (1) Return on Common Shareholders' Equity is calculated using net income attributable to common shareholders of the business segment and average allocated capital before rounding. (2) For additional information on non-GAAP financial measures, see pages 15 and 16 in this document and the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (3) For details on the composition of these measures, see the Glossary section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank's website at nbc.ca or the SEDAR+ website at sedarplus.ca. (4) For additional information on non-GAAP ratios, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca.
Slide 18 — Total Revenues – Reported as per IFRS
National Bank of Canada – Supplementary Financial Information 18 Total Revenues – Reported as per IFRS (millions of Canadian dollars) 2026 2025 2024 YTD Full Year Net Interest Income Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Interest income Loans 4,533 4,267 4,313 4,409 4,264 4,096 3,896 4,039 4,026 3,823 3,693 13,113 12,256 16,665 15,581 Securities 920 961 885 851 879 878 839 767 725 661 690 2,766 2,596 3,447 2,843 Deposits with financial institutions 251 260 248 291 293 288 314 352 381 391 423 759 895 1,186 1,547 5,704 5,488 5,446 5,551 5,436 5,262 5,049 5,158 5,132 4,875 4,806 16,638 15,747 21,298 19,971 Interest expense Deposits 3,308 3,170 3,119 3,338 3,281 3,181 3,187 3,371 3,397 3,256 3,174 9,597 9,649 12,987 13,198 Liabilities related to transferred receivables 218 209 187 220 196 198 195 206 186 188 172 614 589 809 752 Subordinated debt 40 39 40 40 36 34 19 18 17 16 11 119 89 129 62 Other 884 761 706 784 751 644 676 779 763 780 698 2,351 2,071 2,855 3,020 4,450 4,179 4,052 4,382 4,264 4,057 4,077 4,374 4,363 4,240 4,055 12,681 12,398 16,780 17,032 Net interest income 1,254 1,309 1,394 1,169 1,172 1,205 972 784 769 635 751 3,957 3,349 4,518 2,939 Non-Interest Income Underwriting and advisory fees 183 210 156 172 190 112 96 91 125 115 88 549 398 570 419 Securities brokerage commissions 76 78 76 73 57 55 57 48 49 46 51 230 169 242 194 Mutual fund revenues 215 200 201 195 187 174 178 169 164 155 150 616 539 734 638 Investment management and trust service fees 424 404 392 373 346 342 320 302 289 282 268 1,220 1,008 1,381 1,141 Credit fees 103 88 98 93 95 83 82 76 103 133 148 289 260 353 460 Card revenues 61 57 49 51 54 53 50 55 56 51 50 167 157 208 212 Deposit and payment service charges 71 69 78 76 74 74 72 75 75 72 72 218 220 296 294 Trading revenues (losses) 1,427 1,290 1,240 1,246 1,118 1,388 1,181 1,115 1,058 1,125 1,001 3,957 3,687 4,933 4,299 Gains (losses) on non-trading securities, net 43 43 38 64 19 22 27 102 153 38 25 124 68 132 318 Insurance revenues, net 23 14 22 21 19 18 22 20 20 12 21 59 59 80 73 Foreign exchange revenues, other than trading 83 76 72 68 69 64 66 60 60 57 48 231 199 267 225 Share in the net income of associates and joint ventures 2 2 2 2 2 2 2 2 2 2 2 6 6 8 8 Other 88 67 75 95 47 58 58 45 73 27 35 230 163 258 180 Non-interest income 2,799 2,598 2,499 2,529 2,277 2,445 2,211 2,160 2,227 2,115 1,959 7,896 6,933 9,462 8,461 Total revenues 4,053 3,907 3,893 3,698 3,449 3,650 3,183 2,944 2,996 2,750 2,710 11,853 10,282 13,980 11,400
Slide 19 — Total Revenues – Adjusted(1)
National Bank of Canada – Supplementary Financial Information 19 Total Revenues – Adjusted(1) (millions of Canadian dollars, except as noted) 2026 2025 2024 YTD Full Year Net Interest Income – Adjusted(1) Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Interest income Loans 4,533 4,267 4,313 4,409 4,264 4,096 3,896 4,039 4,026 3,823 3,693 13,113 12,256 16,665 15,581 Securities 920 961 885 851 879 878 839 767 725 661 690 2,766 2,596 3,447 2,843 Deposits with financial institutions 251 260 248 291 293 288 314 352 381 391 423 759 895 1,186 1,547 5,704 5,488 5,446 5,551 5,436 5,262 5,049 5,158 5,132 4,875 4,806 16,638 15,747 21,298 19,971 Interest expense Deposits 3,308 3,170 3,119 3,338 3,281 3,181 3,159 3,362 3,392 3,256 3,174 9,597 9,621 12,959 13,184 Liabilities related to transferred receivables 218 209 187 220 196 198 195 206 186 188 172 614 589 809 752 Subordinated debt 40 39 40 40 36 34 19 18 17 16 11 119 89 129 62 Other 884 761 706 784 751 644 676 779 763 780 698 2,351 2,071 2,855 3,020 4,450 4,179 4,052 4,382 4,264 4,057 4,049 4,365 4,358 4,240 4,055 12,681 12,370 16,752 17,018 Net interest income – Adjusted 1,254 1,309 1,394 1,169 1,172 1,205 1,000 793 774 635 751 3,957 3,377 4,546 2,953 Non-Interest Income – Adjusted(1) Underwriting and advisory fees 183 210 156 172 190 112 96 91 125 115 88 549 398 570 419 Securities brokerage commissions 76 78 76 73 57 55 57 48 49 46 51 230 169 242 194 Mutual fund revenues 215 200 201 195 187 174 178 169 164 155 150 616 539 734 638 Investment management and trust service fees 424 404 392 373 346 342 320 302 289 282 268 1,220 1,008 1,381 1,141 Credit fees 103 88 98 93 95 83 82 76 103 133 148 289 260 353 460 Card revenues 61 57 49 51 54 53 50 55 56 51 50 167 157 208 212 Deposit and payment service charges 71 69 78 76 74 74 72 75 75 72 72 218 220 296 294 Trading revenues (losses) 1,427 1,290 1,240 1,246 1,118 1,388 1,204 1,111 1,065 1,125 1,001 3,957 3,710 4,956 4,302 Gains (losses) on non-trading securities, net 43 43 38 64 19 22 23 48 33 38 25 124 64 128 144 Insurance revenues, net 23 14 22 21 19 18 22 20 20 12 21 59 59 80 73 Foreign exchange revenues, other than trading 83 76 72 68 69 64 66 60 60 57 48 231 199 267 225 Share in the net income of associates and joint ventures 2 2 2 2 2 2 2 2 2 2 2 6 6 8 8 Other 88 67 75 95 47 58 58 45 73 27 35 230 163 258 180 Non-interest income – Adjusted 2,799 2,598 2,499 2,529 2,277 2,445 2,230 2,102 2,114 2,115 1,959 7,896 6,952 9,481 8,290 As a % of total revenues – Adjusted 69.1% 66.5% 64.2% 68.4% 66.0% 67.0% 69.0% 72.6% 73.2% 76.9% 72.3% 66.6% 67.3% 67.6% 73.7% Trading Activity Revenues Net interest income (878) (684) (696) (820) (766) (657) (672) (836) (771) (785) (684) (2,258) (2,095) (2,915) (3,076) Non-interest income 1,454 1,349 1,272 1,302 1,145 1,412 1,202 1,125 1,069 1,129 1,004 4,075 3,759 5,061 4,327 Trading activity revenues 576 665 576 482 379 755 530 289 298 344 320 1,817 1,664 2,146 1,251 Trading Activity Revenues Capital Markets Equities 363 348 380 321 165 542 367 210 199 170 130 1,091 1,074 1,395 709 Interest rate and credit 159 165 133 128 147 180 170 93 129 143 142 457 497 625 507 Commodities and foreign exchange 56 88 58 35 57 62 58 39 32 56 71 202 177 212 198 578 601 571 484 369 784 595 342 360 369 343 1,750 1,748 2,232 1,414 Other segments (2) 64 5 (2) 10 (29) (65) (53) (62) (25) (23) 67 (84) (86) (163) Trading activity revenues 576 665 576 482 379 755 530 289 298 344 320 1,817 1,664 2,146 1,251 (1) For additional information on non-GAAP financial measures, see pages 15 and 16 in this document and the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca.
Slide 20 — Non-Interest Expenses
National Bank of Canada – Supplementary Financial Information 20 Non-Interest Expenses (millions of Canadian dollars) 2026 2025 2024 YTD Full year Non-Interest Expenses – Reported as per IFRS Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Compensation and employee benefits Salaries 560 528 539 542 539 526 452 447 436 411 419 1,627 1,517 2,059 1,713 Variable compensation 558 555 527 476 469 525 432 386 412 378 354 1,640 1,426 1,902 1,530 Benefits, pension plans and other post-employment benefit plans 155 171 194 137 153 145 153 121 110 120 131 520 451 588 482 1,273 1,254 1,260 1,155 1,161 1,196 1,037 954 958 909 904 3,787 3,394 4,549 3,725 Occupancy Rent 25 28 23 34 25 25 21 19 19 22 23 76 71 105 83 Taxes & insurance 8 10 9 10 10 (12) 10 10 10 10 7 27 8 18 37 Maintenance, lighting 26 24 33 28 21 20 20 19 15 18 17 83 61 89 69 Amortization - Premises and equipment 61 55 54 57 54 54 46 48 45 44 40 170 154 211 177 120 117 119 129 110 87 97 96 89 94 87 356 294 423 366 Technology Technology 290 260 241 265 237 241 194 190 174 169 175 791 672 937 708 Amortization - Technology 86 91 89 152 93 101 91 84 84 86 84 266 285 437 338 376 351 330 417 330 342 285 274 258 255 259 1,057 957 1,374 1,046 Communications 16 17 17 19 16 18 16 15 14 14 13 50 50 69 56 Professional fees 111 112 110 150 129 120 93 102 82 66 66 333 342 492 316 Other expenses Advertising & business development 58 64 40 79 52 53 36 57 40 43 35 162 141 220 175 Capital and payroll taxes 11 10 11 10 11 9 9 9 9 9 9 32 29 39 36 Other 128 134 124 128 116 117 73 85 91 82 76 386 306 434 334 197 208 175 217 179 179 118 151 140 134 120 580 476 693 545 2,093 2,059 2,011 2,087 1,925 1,942 1,646 1,592 1,541 1,472 1,449 6,163 5,513 7,600 6,054 Non-Interest Expenses – Adjusted(1) Compensation and employee benefits Salaries 552 519 533 529 525 505 450 447 436 411 419 1,604 1,480 2,009 1,713 Variable compensation 558 553 523 468 462 500 432 386 412 378 354 1,634 1,394 1,862 1,530 Benefits, pension plans and other post-employment benefit plans 155 170 193 136 151 145 153 121 110 120 131 518 449 585 482 1,265 1,242 1,249 1,133 1,138 1,150 1,035 954 958 909 904 3,756 3,323 4,456 3,725 Occupancy Rent 25 28 23 33 25 25 21 19 19 22 23 76 71 104 83 Taxes & insurance 8 10 9 10 10 (12) 10 10 10 10 7 27 8 18 37 Maintenance, lighting 26 24 26 24 21 20 20 19 15 18 17 76 61 85 69 Amortization - Premises and equipment 61 55 54 56 53 53 46 48 45 44 40 170 152 208 177 120 117 112 123 109 86 97 96 89 94 87 349 292 415 366 Technology Technology 255 226 219 236 210 218 188 190 174 169 175 700 616 852 708 Amortization - Technology 86 86 88 151 93 96 91 84 84 86 84 260 280 431 338 341 312 307 387 303 314 279 274 258 255 259 960 896 1,283 1,046 Communications 16 16 17 18 16 18 16 15 14 14 13 49 50 68 56 Professional fees 104 101 87 100 89 79 76 91 75 66 66 292 244 344 298 Other expenses Advertising & business development 57 63 38 77 49 51 35 57 40 43 35 158 135 212 175 Capital and payroll taxes 11 10 11 10 11 9 9 9 9 9 9 32 29 39 36 Other 103 110 99 101 91 93 73 85 91 82 76 312 257 358 334 171 183 148 188 151 153 117 151 140 134 120 502 421 609 545 2,017 1,971 1,920 1,949 1,806 1,800 1,620 1,581 1,534 1,472 1,449 5,908 5,226 7,175 6,036 (1) For additional information on non-GAAP financial measures, see pages 15 and 16 in this document and the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca.
Slide 21 — Consolidated Balance Sheets
National Bank of Canada – Supplementary Financial Information 21 Consolidated Balance Sheets (millions of Canadian dollars) 2026 2025 2024 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Assets Cash and deposits with financial institutions 47,757 43,431 36,768 27,916 29,561 31,422 34,608 31,549 32,489 29,678 37,399 Securities 193,943 199,627 194,634 188,747 178,915 168,643 159,086 145,165 144,275 130,440 130,065 Securities purchased under reverse repurchase agreements and securities borrowed 40,355 31,481 39,846 27,091 23,388 20,836 15,229 16,265 13,879 21,157 12,926 Loans Residential mortgage - insured 52,947 49,776 48,458 48,008 46,988 46,944 44,740 43,579 42,526 40,938 40,200 - uninsured 70,656 67,891 66,049 65,921 64,337 61,563 52,899 51,430 50,431 49,147 48,324 Personal 53,546 51,514 50,288 50,173 48,790 47,533 46,772 46,883 46,951 46,716 46,307 Credit card 3,205 3,099 3,015 3,022 2,897 2,835 2,710 2,761 2,692 2,644 2,541 Business and government 146,528 141,970 138,519 137,630 131,715 128,791 100,982 99,720 98,107 93,028 88,363 Customers' liability under acceptances − − − − − − − − 137 3,508 5,633 Allowances for credit losses (2,338) (2,263) (2,209) (2,131) (1,984) (1,938) (1,483) (1,341) (1,295) (1,211) (1,211) 324,544 311,987 304,120 302,623 292,743 285,728 246,620 243,032 239,549 234,770 230,157 Other assets 28,560 31,208 30,503 30,542 28,014 29,565 28,290 26,215 23,741 25,645 23,380 Total assets 635,159 617,734 605,871 576,919 552,621 536,194 483,833 462,226 453,933 441,690 433,927 Liabilities and equity Deposits Personal 128,797 127,836 125,878 124,417 121,921 122,008 98,861 95,181 94,186 92,736 91,064 Business and government 330,196 317,344 313,895 297,512 274,461 258,089 246,450 232,730 220,915 209,805 204,424 Deposit-taking institutions 5,739 5,531 6,101 6,074 5,904 7,877 5,784 5,634 5,486 4,340 4,609 464,732 450,711 445,874 428,003 402,286 387,974 351,095 333,545 320,587 306,881 300,097 Other Acceptances − − − − − − − − 137 3,508 5,633 Obligations related to securities sold short 12,971 11,846 11,448 13,257 13,823 13,871 11,575 10,873 11,974 10,880 16,140 Obligations related to securities sold under repurchase agreements and securities loaned 63,242 59,330 58,661 41,356 46,031 40,984 37,359 38,177 41,781 41,494 37,313 Derivative financial instruments 15,810 17,949 15,356 15,984 15,392 18,096 18,724 15,760 17,682 19,164 17,030 Liabilities related to transferred receivables 29,482 29,817 28,666 30,577 28,452 29,403 28,112 28,377 27,035 26,626 25,682 Other liabilities 10,819 11,068 9,219 10,541 9,832 10,139 8,307 8,686 8,321 7,570 7,382 132,324 130,010 123,350 111,715 113,530 112,493 104,077 101,873 106,930 109,242 109,180 Subordinated debt 3,429 3,429 3,430 3,432 3,429 2,822 2,265 1,258 1,254 1,237 749 135,753 133,439 126,780 115,147 116,959 115,315 106,342 103,131 108,184 110,479 109,929 Equity Equity attributable to the Bank's shareholders and holders of other equity instruments Preferred shares and other equity instruments 3,214 2,614 2,614 3,114 3,114 3,114 3,150 3,150 3,150 3,150 3,150 Common shares 9,775 9,824 9,826 9,865 9,865 9,805 3,485 3,463 3,442 3,413 3,347 Contributed surplus 201 177 133 137 124 113 84 85 69 64 63 Retained earnings 21,081 20,768 20,471 20,366 20,110 19,813 19,241 18,633 18,234 17,368 17,042 Accumulated other comprehensive income 403 201 173 287 162 59 435 219 266 334 297 34,674 33,584 33,217 33,769 33,375 32,904 26,395 25,550 25,161 24,329 23,899 Non-controlling interests − − − − 1 1 1 − 1 1 2 34,674 33,584 33,217 33,769 33,376 32,905 26,396 25,550 25,162 24,330 23,901 Total liabilities & equity 635,159 617,734 605,871 576,919 552,621 536,194 483,833 462,226 453,933 441,690 433,927 Deposits excluding wholesale funding and other Deposits 464,732 450,711 445,874 428,003 402,286 387,974 351,095 333,545 320,587 306,881 300,097 Less: deposit-taking institutions 5,739 5,531 6,101 6,074 5,904 7,877 5,784 5,634 5,486 4,340 4,609 Less: wholesale funding 122,409 112,454 116,497 104,100 93,455 85,871 81,167 72,817 67,338 62,949 59,625 Less: subscription receipts related to the acquisition of CWB 1,040 998 999 336,584 332,726 323,276 317,829 302,927 294,226 263,104 254,096 246,764 239,592 235,863
Slide 22 — Consolidated Statements of Changes in Equity
National Bank of Canada – Supplementary Financial Information 22 Consolidated Statements of Changes in Equity (millions of Canadian dollars) 2026 2025 2024 YTD Full Year Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Preferred shares and other equity instruments at beginning 2,614 2,614 3,114 3,114 3,114 3,150 3,150 3,150 3,150 3,150 3,150 3,114 3,150 3,150 3,150 Issuances of preferred shares and other equity instruments 600 − − − − 264 − − − − − 600 264 264 − Redemption of preferred shares and other equity instruments for cancellation − − (500) − − (300) − − − − − (500) (300) (300) − Preferred shares and other equity instruments at end 3,214 2,614 2,614 3,114 3,114 3,114 3,150 3,150 3,150 3,150 3,150 3,214 3,114 3,114 3,150 Common shares at beginning 9,824 9,826 9,865 9,865 9,805 3,485 3,463 3,442 3,413 3,347 3,294 9,865 3,463 3,463 3,294 Issuances of common shares pursuant to the Stock Option Plan 27 39 74 29 51 6 28 12 31 52 51 140 85 114 146 Issuances of common shares related to the CWB acquisition − − − − 6,330 − − − − − − 6,330 6,330 − Repurchases of common shares for cancellation (59) (86) (90) (35) − − − − − − − (235) − (35) − Impact of shares purchased or sold for trading (17) 45 (23) 6 9 (16) (6) 9 (2) 14 2 5 (13) (7) 23 Common shares at end 9,775 9,824 9,826 9,865 9,865 9,805 3,485 3,463 3,442 3,413 3,347 9,775 9,865 9,865 3,463 Contributed surplus at beginning 177 133 137 124 113 84 85 69 64 63 68 137 85 85 68 Stock option expense 6 6 6 6 7 6 5 4 4 5 4 18 18 24 17 Stock options exercised (3) (7) (11) (4) (11) (1) (3) (1) (4) (5) (6) (21) (15) (19) (16) Replacement options related to the CWB acquisition − − − − − 29 − − − − − − 29 29 − Other 21 45 1 11 15 (5) (3) 13 5 1 (3) 67 7 18 16 Contributed surplus at end 201 177 133 137 124 113 84 85 69 64 63 201 124 137 85 Retained earnings at beginning 20,768 20,471 20,366 20,110 19,813 19,241 18,633 18,234 17,368 17,042 16,650 20,366 18,633 18,633 16,650 Net income attributable to the Bank's shareholders and holders of other equity instruments 1,307 1,234 1,254 1,059 1,065 896 997 955 1,033 907 922 3,795 2,958 4,017 3,817 Dividends on preferred shares and distributions on other equity instruments (46) (41) (42) (46) (47) (48) (45) (45) (45) (42) (43) (129) (140) (186) (175) Dividends on common shares (508) (478) (484) (463) (463) (448) (389) (374) (374) (361) (359) (1,470) (1,300) (1,763) (1,468) Premium paid on common shares repurchased for cancellation (455) (536) (529) (178) − − − − − − − (1,520) − (178) − Issuance expenses for shares and other equity instruments, net of income taxes (6) − − (2) 1 (11) − − − − − (6) (10) (12) − Remeasurements of pension plans and other post-employment benefit plans 34 29 (41) (15) (122) 94 4 (68) 167 (24) 8 22 (24) (39) 83 Net gains (losses) on equity securities designated at fair value through other comprehensive income 4 4 6 − 65 (27) 17 5 7 9 22 14 55 55 43 Net fair value change attributable to the credit risk on financial liabilities designated at fair value through profit or loss (27) 83 (63) (105) (207) 109 18 (80) 63 (168) (165) (7) (80) (185) (350) Impact of a financial liability resulting from put options written to non-controlling interests − − − 1 − (1) − 7 10 − 1 − (1) − 18 Other 10 2 4 5 5 8 6 (1) 5 5 6 16 19 24 15 Retained earnings at end 21,081 20,768 20,471 20,366 20,110 19,813 19,241 18,633 18,234 17,368 17,042 21,081 20,110 20,366 18,633 Accumulated other comprehensive income at beginning 201 173 287 162 59 435 219 266 334 297 420 287 219 219 420 Net foreign currency translation adjustments 177 (14) (171) 66 31 (312) 249 52 18 117 (174) (8) (32) 34 13 Net change in unrealized gains (losses) on debt securities at fair value through other comprehensive income 15 (47) 59 61 35 (31) 4 (23) 8 (24) 48 27 8 69 9 Net change in gains (losses) on instruments designated as cash flow hedges 10 89 (2) (2) 37 (33) (37) (76) (94) (56) 3 97 (33) (35) (223) Accumulated other comprehensive income at end 403 201 173 287 162 59 435 219 266 334 297 403 162 287 219 Equity attributable to the Bank's shareholders and holders of other equity instruments 34,674 33,584 33,217 33,769 33,375 32,904 26,395 25,550 25,161 24,329 23,899 34,674 33,375 33,769 25,550 Non-controlling interests at beginning − − − 1 1 1 − 1 1 2 2 − − − 2 Net income attributable to non-controlling interests − − − − − − − − − (1) − − − − (1) Others − − − (1) − − 1 (1) − − − − 1 − (1) Non-controlling interests at end − − − − 1 1 1 − 1 1 2 − 1 − − Equity 34,674 33,584 33,217 33,769 33,376 32,905 26,396 25,550 25,162 24,330 23,901 34,674 33,376 33,769 25,550
Slide 23 — Consolidated Statements of Comprehensive Income
National Bank of Canada – Supplementary Financial Information 23 Consolidated Statements of Comprehensive Income (millions of Canadian dollars) 2026 2025 2024 YTD Full Year Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Net income 1,307 1,234 1,254 1,059 1,065 896 997 955 1,033 906 922 3,795 2,958 4,017 3,816 Other comprehensive income, net of income taxes Items that may be subsequently reclassified to net income Net foreign currency translation adjustments Net unrealized foreign currency translation gains (losses) on investments in foreign operations 393 (35) (347) 137 60 (589) 453 89 31 203 (243) 11 (76) 61 80 Impact of hedging net foreign currency translation gains (losses) (216) 21 176 (71) (29) 277 (204) (37) (13) (86) 69 (19) 44 (27) (67) 177 (14) (171) 66 31 (312) 249 52 18 117 (174) (8) (32) 34 13 Net change in debt securities at fair value through other comprehensive income Net unrealized gains (losses) on debt securities at fair value through other comprehensive income 12 (21) 64 72 48 (14) 22 12 23 (12) 45 55 56 128 68 Net (gains) losses on debt securities at fair value through other comprehensive income reclassified to net income 3 (27) (5) (11) (13) (17) (18) (35) (15) (12) 3 (29) (48) (59) (59) Change in allowances for credit losses on debt securities at fair value through other comprehensive income reclassified to net income − 1 − − − − − − − − − 1 − − − 15 (47) 59 61 35 (31) 4 (23) 8 (24) 48 27 8 69 9 Net change in cash flow hedges Net gains (losses) on derivative financial instruments designated as cash flow hedges (5) 73 (14) (4) 46 (14) (15) (44) (60) (25) 29 54 17 13 (100) Net (gains) losses on designated derivative financial instruments reclassified to net income 15 16 12 2 (9) (19) (22) (32) (34) (31) (26) 43 (50) (48) (123) 10 89 (2) (2) 37 (33) (37) (76) (94) (56) 3 97 (33) (35) (223) Items that will not be subsequently reclassified to net income Remeasurements of pension plans and other post-employment benefit plans 34 29 (41) (15) (122) 94 4 (68) 167 (24) 8 22 (24) (39) 83 Net gains (losses) on equity securities designated at fair value through other comprehensive income 4 4 6 − 65 (27) 17 5 7 9 22 14 55 55 43 Net fair value change attributable to the credit risk on financial liabilities designated at fair value through profit or loss (27) 83 (63) (105) (207) 109 18 (80) 63 (168) (165) (7) (80) (185) (350) 11 116 (98) (120) (264) 176 39 (143) 237 (183) (135) 29 (49) (169) (224) Total other comprehensive income, net of income taxes 213 144 (212) 5 (161) (200) 255 (190) 169 (146) (258) 145 (106) (101) (425) Comprehensive income 1,520 1,378 1,042 1,064 904 696 1,252 765 1,202 760 664 3,940 2,852 3,916 3,391 Comprehensive income attributable to Bank shareholders and holders of other equity instruments 1,520 1,378 1,042 1,064 904 696 1,252 765 1,202 761 664 3,940 2,852 3,916 3,392 Non-controlling interests − − − − − − − − − (1) − − − − (1)
Slide 24 — Gross Loans, Gross Impaired Loans and Allowances for Credit Losses by Borrower Category(1)
National Bank of Canada – Supplementary Financial Information 24 Gross Loans, Gross Impaired Loans and Allowances for Credit Losses by Borrower Category(1) (millions of Canadian dollars) 2026 Q3 Q2 Q1 Gross loans Gross impaired loans(2) Allowances for credit losses on impaired loans(3) Provisions for credit losses on impaired loans Gross loans Gross impaired loans(2) Allowances for credit losses on impaired loans(3) Provisions for credit losses on impaired loans Gross loans Gross impaired loans(2) Allowances for credit losses on impaired loans(3) Provisions for credit losses on impaired loans Residential mortgages(4) 135,760 1,105 216 26 129,080 999 191 11 125,372 959 186 21 Qualifying revolving retail 4,748 19 15 37 4,582 21 16 39 4,470 22 15 35 Other retail(5) 20,133 554 251 55 19,362 530 238 54 18,983 503 226 58 Total – Retail 160,641 1,678 482 118 153,024 1,550 445 104 148,825 1,484 427 114 Agriculture 12,465 184 17 1 12,083 168 17 3 11,766 146 13 (1) Oil & Gas 2,135 77 48 38 2,216 17 8 5 2,553 12 3 − Mining 2,559 25 20 − 2,892 25 20 (3) 2,434 63 43 23 Utilities 13,835 − − − 13,588 − − (4) 12,443 93 4 − Utilities excluding Pipelines 11,877 − − − 11,645 − − (4) 10,577 93 4 − Pipelines 1,958 − − − 1,943 − − − 1,866 − − − Construction Non-Real Estate(6) 1,993 41 33 1 1,982 41 32 − 2,087 42 33 1 Manufacturing 10,799 123 63 (4) 10,359 158 60 − 9,605 231 118 34 Wholesale 5,012 46 31 7 4,913 48 28 2 4,926 61 27 − Retail 6,079 114 64 7 5,955 102 56 − 5,736 135 58 (3) Transportation 6,547 125 34 11 6,223 130 31 8 6,168 124 26 11 Communications 4,886 34 16 3 4,345 22 13 2 3,798 28 12 (3) Financial Services(7) 17,802 31 6 − 16,554 57 28 2 16,092 59 22 17 Real Estate and Construction Real Estate(8) 43,906 841 137 − 43,923 897 154 51 43,815 608 108 18 Professional Services 4,352 98 47 26 3,863 47 22 7 4,074 33 15 (1) Education & Health Care 4,657 28 7 (2) 4,584 38 10 4 4,819 31 7 (1) Other Services 14,271 133 57 8 13,862 149 50 6 13,055 125 42 9 Government 2,332 − − − 1,937 − − − 1,963 − − − Other 9,173 − − − 8,732 − − − 8,940 − − (1) ABA Bank(7) 3,143 158 38 2 2,899 139 34 4 2,885 122 29 3 Total – Non-retail 165,946 2,058 618 98 160,910 2,038 563 87 157,159 1,913 560 106 Total excluding Credigy's POCI loans(9) 326,587 3,736 1,100 216 313,934 3,588 1,008 191 305,984 3,397 987 220 Credigy's POCI loans 295 295 (76) (1) 316 316 (73) 3 345 345 (76) 4 326,882 4,031 1,024 215 314,250 3,904 935 194 306,329 3,742 911 224 Performing(10) – Retail 697 8 688 21 668 24 Performing and impaired stage 3(10) – Non-retail 1,006 23 982 18 963 (4) Total 326,882 4,031 2,727 246 314,250 3,904 2,605 233 306,329 3,742 2,542 244 (1) The distribution is made according to the categories of borrowers under the Basel asset classes. (2) All loans classified in Stage 3 of the expected credit loss model and the POCI loans are impaired loans. (3) Allowances for credit losses on drawn amounts. (4) Includes residential mortgages on one-to-four-unit dwellings (Basel definition) and home equity lines of credit. (5) Includes consumer loans and other retail loans but excludes SME loans which are included in Non-retail portfolios. (6) Includes civil engineering loans, public-private partnership loans, and project finance loans. (7) The presentation was changed in Q1 2026 to exclude the ABA Bank non-retail portfolios from the Financial services category and to present them separately. Comparative figures had been reclassified. (8) Includes residential mortgages on dwellings of five or more units and SME loans. (9) For additional information on non-GAAP financial measures, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (10) Includes other financial assets at amortized cost and off-balance-sheet commitments.
Slide 25 — Gross Loans, Gross Impaired Loans and Allowances for Credit Losses by Borrower Category(1) (continued)
National Bank of Canada – Supplementary Financial Information 25 Gross Loans, Gross Impaired Loans and Allowances for Credit Losses by Borrower Category(1) (continued) (millions of Canadian dollars) 2025 Q4 Q3 Q2 Gross loans Gross impaired loans(2) Allowances for credit losses on impaired loans(3) Provisions for credit losses on impaired loans Gross loans Gross impaired loans(2) Allowances for credit losses on impaired loans(3) Provisions for credit losses on impaired loans Gross loans Gross impaired loans(2) Allowances for credit losses on impaired loans(3) Provisions for credit losses on impaired loans Residential mortgages(4) 123,318 910 174 22 119,619 853 158 3 114,807 796 158 18 Qualifying revolving retail 4,454 20 14 35 4,348 27 20 32 4,258 27 20 28 Other retail(5) 19,193 474 199 58 18,566 452 189 55 18,018 415 169 40 Total – Retail 146,965 1,404 387 115 142,533 1,332 367 90 137,083 1,238 347 86 Agriculture 11,590 146 19 (3) 11,289 157 20 5 10,906 118 15 1 Oil & Gas 2,653 12 3 − 2,745 12 3 (7) 2,959 9 − (2) Mining 1,971 60 20 2 1,754 40 17 − 2,111 38 17 − Utilities 12,389 98 4 4 11,752 − − − 11,495 − − − Utilities excluding Pipelines 10,656 98 4 4 10,036 − − − 9,793 − − − Pipelines 1,733 − − − 1,716 − − − 1,702 − − − Construction Non-Real Estate(6) 2,179 41 32 1 2,433 40 31 − 2,417 40 31 − Manufacturing 9,926 269 121 6 9,833 282 115 19 9,585 304 162 94 Wholesale 4,732 67 27 13 4,706 55 16 3 4,584 61 23 1 Retail 6,000 143 57 25 6,119 87 34 11 6,097 147 17 8 Transportation 6,417 119 18 6 6,254 128 14 5 5,922 131 16 10 Communications 3,524 30 11 (1) 3,242 32 12 (7) 3,012 30 9 (11) Financial Services(7) 15,833 21 5 3 12,872 20 1 − 12,366 23 − (1) Real Estate and Construction Real Estate(8) 43,927 612 89 24 43,966 538 64 18 42,938 405 48 10 Professional Services 4,099 36 16 3 4,263 27 13 6 4,554 24 6 4 Education & Health Care 4,907 31 12 1 4,894 41 20 − 4,874 74 20 (3) Other Services 13,066 104 34 3 13,014 89 30 4 12,764 61 25 17 Government 2,136 − − − 1,801 − − − 1,751 − − − Other 9,225 1 1 1 8,282 − − − 9,462 1 − (1) ABA Bank(7) 2,827 130 34 3 2,677 112 30 4 2,477 101 27 5 Total – Non-retail 157,401 1,920 503 91 151,896 1,660 420 61 150,274 1,567 416 132 Total excluding Credigy's POCI loans(9) 304,366 3,324 890 206 294,429 2,992 787 151 287,357 2,805 763 218 Credigy's POCI loans 388 388 (82) 4 298 298 (85) 2 309 309 (86) 11 304,754 3,712 808 210 294,727 3,290 702 153 287,666 3,114 677 229 Performing(10) – Retail 650 17 633 17 616 31 Performing and impaired stage 3(10) – Non-retail 968 17 950 33 916 285 Total 304,754 3,712 2,426 244 294,727 3,290 2,285 203 287,666 3,114 2,209 545 (1) The distribution is made according to the categories of borrowers under the Basel asset classes. (2) All loans classified in Stage 3 of the expected credit loss model and the POCI loans are impaired loans. (3) Allowances for credit losses on drawn amounts. (4) Includes residential mortgages on one-to-four-unit dwellings (Basel definition) and home equity lines of credit. (5) Includes consumer loans and other retail loans but excludes SME loans which are included in Non-retail portfolios. (6) Includes civil engineering loans, public-private partnership loans, and project finance loans. (7) The presentation was changed in Q1 2026 to exclude the ABA Bank non-retail portfolios from the Financial services category and to present them separately. Comparative figures had been reclassified. (8) Includes residential mortgages on dwellings of five or more units and SME loans. (9) For additional information on non-GAAP financial measures, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (10) Includes other financial assets at amortized cost and off-balance-sheet commitments.
Slide 26 — Residential Mortgages Portfolios Information
National Bank of Canada – Supplementary Financial Information 26 Residential Mortgages Portfolios Information (millions of Canadian dollars, except as noted) Q3 2026 Residential Mortgages Portfolios Canadian Residential Mortgages Portfolios Per Region Average LTV for mortgages originated and acquired during the quarter(1) Residential Mortgages(2) exposure groups by LTV buckets(1)(3) Residential Mortgage Portfolios (remaining amortization)(1)(4) Retail – Canada Insured Uninsured HELOC Total Retail Non-Retail(5) Total Uninsured(6) HELOC(7) Canada Canada Quebec 13,308 10.8% 28,625 23.2% 24,344 19.7% 66,277 53.7% 66,277 11,763 78,040 69% 70% 30 % or less 7.8% 0 - 19 years 25.5% Ontario 9,906 8.0% 19,708 16.0% 6,579 5.3% 36,193 29.3% 36,193 2,760 38,953 68% 68% 31 % - 60 % 34.1% 20 - 24 years 35.9% Alberta 5,534 4.5% 2,406 1.9% 915 0.7% 8,855 7.1% 8,855 1,968 10,823 66% 59% 61 % - 70 % 16.6% 25 - 29 years 35.9% British Columbia 1,946 1.6% 2,832 2.3% 1,928 1.6% 6,706 5.5% 6,706 2,685 9,391 64% 62% 71 % - 80 % 21.6% 30 - 34 years 2.6% New Brunswick 548 0.5% 779 0.6% 335 0.3% 1,662 1.4% 2,031 1,400 3,431 69% 64% 81 % - 90 % 10.4% 35 years and + 0.1% Saskatchewan 917 0.7% 326 0.3% 162 0.1% 1,405 1.1% 1,036 307 1,343 71% 64% 91 % - 95 % 4.0% Total 100.0% Manitoba 524 0.4% 260 0.2% 119 0.1% 903 0.7% 903 624 1,527 69% 64% 96 % or more 5.5% Other Canadian provinces(8) 894 0.7% 491 0.4% 140 0.1% 1,525 1.2% 1,525 679 2,204 64% 66% Total 100.0% 33,577 27.2% 55,427 44.9% 34,522 27.9% 123,526 100.0% 123,526 22,186 145,712 69% 69% Retail – USA, Cambodia and others 12,234 12,234 Non-retail – Other residential mortgages(5)(9) 19,370 2,995 22,365 52,947 33.5% 70,656 44.7% 34,522 21.8% 158,125 100.0% Q2 2026 Residential Mortgages Portfolios Canadian Residential Mortgages Portfolios Per Region Average LTV for mortgages originated and acquired during the quarter(1) Residential Mortgages(2) exposure groups by LTV buckets(1)(3) Residential Mortgage Portfolios (remaining amortization)(1)(4) Retail – Canada Insured Uninsured HELOC Total Retail Non-Retail(5) Total Uninsured(6) HELOC(7) Canada Canada Quebec 12,549 10.7% 26,807 22.8% 23,022 19.7% 62,378 53.2% 62,378 11,517 73,895 69% 69% 30 % or less 8.0% 0 - 19 years 26.2% Ontario 9,052 7.7% 19,172 16.4% 6,402 5.5% 34,626 29.6% 34,626 2,674 37,300 67% 66% 31 % - 60 % 35.4% 20 - 24 years 36.9% Alberta 5,187 4.5% 2,340 2.0% 870 0.7% 8,397 7.2% 8,397 1,692 10,089 66% 60% 61 % - 70 % 16.8% 25 - 29 years 34.8% British Columbia 1,799 1.6% 2,864 2.4% 1,905 1.6% 6,568 5.6% 6,568 2,483 9,051 62% 63% 71 % - 80 % 19.8% 30 - 34 years 2.0% New Brunswick 521 0.4% 763 0.7% 321 0.3% 1,605 1.4% 1,605 1,372 2,977 68% 70% 81 % - 90 % 11.1% 35 years and + 0.1% Saskatchewan 837 0.7% 315 0.3% 160 0.1% 1,312 1.1% 1,312 295 1,607 66% 64% 91 % - 95 % 3.5% Total 100.0% Manitoba 486 0.4% 254 0.2% 114 0.1% 854 0.7% 854 592 1,446 69% 70% 96 % or more 5.4% Other Canadian provinces(8) 801 0.7% 468 0.4% 138 0.1% 1,407 1.2% 1,407 704 2,111 68% 68% Total 100.0% 31,232 26.7% 52,983 45.2% 32,932 28.1% 117,147 100.0% 117,147 21,329 138,476 68% 68% Retail – USA, Cambodia and others 11,933 11,933 Non-retail – Other residential mortgages(5)(9) 18,544 2,975 21,519 49,776 33.1% 67,891 45.1% 32,932 21.8% 150,599 100.0% Q1 2026 Residential Mortgages Portfolios Canadian Residential Mortgages Portfolios Per Region Average LTV for mortgages originated and acquired during the quarter(1) Residential Mortgages(2) exposure groups by LTV buckets(1)(3) Residential Mortgage Portfolios (remaining amortization)(1)(4) Retail – Canada Insured Uninsured HELOC Total Retail Non-Retail(5) Total Uninsured(6) HELOC(7) Canada Canada Quebec 12,228 10.8% 25,574 22.5% 22,118 19.5% 59,920 52.8% 59,920 11,633 71,553 69% 68% 30 % or less 8.3% 0 - 19 years 26.5% Ontario 8,608 7.6% 18,878 16.6% 6,362 5.6% 33,848 29.8% 33,848 2,809 36,657 69% 66% 31 % - 60 % 37.1% 20 - 24 years 37.8% Alberta 5,034 4.4% 2,360 2.1% 888 0.8% 8,282 7.3% 8,282 1,681 9,963 68% 63% 61 % - 70 % 17.0% 25 - 29 years 34.1% British Columbia 1,718 1.5% 2,894 2.5% 1,888 1.7% 6,500 5.7% 6,500 1,951 8,451 64% 63% 71 % - 80 % 19.9% 30 - 34 years 1.5% New Brunswick 517 0.4% 748 0.7% 314 0.3% 1,579 1.4% 1,579 1,292 2,871 66% 64% 81 % - 90 % 10.0% 35 years and + 0.1% Saskatchewan 810 0.7% 317 0.3% 168 0.1% 1,295 1.1% 1,295 297 1,592 71% 61% 91 % - 95 % 2.9% Total 100.0% Manitoba 463 0.4% 252 0.2% 114 0.1% 829 0.7% 829 597 1,426 72% 61% 96 % or more 4.8% Other Canadian provinces(8) 759 0.7% 436 0.4% 138 0.1% 1,333 1.2% 1,333 667 2,000 68% 67% Total 100.0% 30,137 26.5% 51,459 45.3% 31,990 28.2% 113,586 100.0% 113,586 20,927 134,513 69% 67% Retail – USA, Cambodia and others 11,786 11,786 Non-retail – Other residential mortgages(5)(9) 18,321 2,804 21,125 48,458 33.1% 66,049 45.1% 31,990 21.8% 146,497 100.0% (1) Excluding non-retail and non-Canadian residential mortgages. (2) Includes HELOC. (3) Property values are updated using Teranet National Bank sub-indices by area and property type. (4) Excludes amortization for the HELOC's amortized portion. The remaining amortization period is being disclosed. (5) Includes non-retail residential mortgages (5 units and more) and commercial residential mortgages of 1 to 4 units. According to the categories of borrowers under the Basel asset classes. (6) LTV is calculated using the outstanding amount and weighted by the outstanding of each loan. (7) LTV is calculated using the authorized amount and weighted by the authorized amount of each line. Includes both revolving and amortized portions. (8) Others include: Prince Edward Island, Nova Scotia, Newfoundland and Labrador, Northwest Territories, Yukon. (9) Also includes POCI residential mortgages (USA).
Slide 27 — Residential Mortgages Portfolios Information (continued)
National Bank of Canada – Supplementary Financial Information 27 Residential Mortgages Portfolios Information (continued) (millions of Canadian dollars, except as noted) Q4 2025 Residential Mortgages Portfolios Canadian Residential Mortgages Portfolios Per Region Average LTV for mortgages originated and acquired during the quarter(1) Residential Mortgages(2) exposure groups by LTV buckets(1)(3) Residential Mortgages Portfolios (remaining amortization)(1)(4) Retail – Canada Insured Uninsured HELOC Total Retail Non-Retail(5) Total Uninsured(6) HELOC(7) Canada Canada Quebec 11,986 10.7% 24,605 22.0% 21,645 19.4% 58,236 52.1% 58,236 11,619 69,855 69% 69% 30 % or less 8.7% 0 - 19 years 26.5% Ontario 8,502 7.6% 18,615 16.7% 6,431 5.7% 33,548 30.0% 33,548 2,739 36,287 71% 64% 31 % - 60 % 39.0% 20 - 24 years 38.5% Alberta 5,183 4.6% 2,336 2.1% 890 0.8% 8,409 7.5% 8,409 1,717 10,126 63% 65% 61 % - 70 % 17.4% 25 - 29 years 32.8% British Columbia 1,727 1.6% 2,941 2.6% 1,878 1.7% 6,546 5.9% 6,546 3,027 9,573 66% 62% 71 % - 80 % 19.8% 30 - 34 years 2.1% New Brunswick 521 0.5% 723 0.6% 312 0.3% 1,556 1.4% 1,556 1,262 2,818 68% 67% 81 % - 90 % 8.7% 35 years and + 0.1% Saskatchewan 832 0.7% 314 0.3% 168 0.2% 1,314 1.2% 1,314 347 1,661 73% 60% 91 % - 95 % 2.6% Total 100.0% Manitoba 475 0.4% 240 0.2% 118 0.1% 833 0.7% 833 682 1,515 69% 57% 96 % or more 3.8% Others Canadian provinces(8) 747 0.7% 422 0.4% 138 0.1% 1,307 1.2% 1,307 583 1,890 68% 62% Total 100.0% 29,973 26.8% 50,196 44.9% 31,580 28.3% 111,749 100.0% 111,749 21,976 133,725 69% 67% Retail – USA, Cambodia and others 11,569 11,569 Non-Retail – Other residential mortgages(5)(9) 18,035 4,156 22,191 48,008 33.0% 65,921 45.3% 31,580 21.7% 145,509 100.0% Q3 2025 Residential Mortgages Portfolios Canadian Residential Mortgages Portfolios Per Region Average LTV for mortgages originated and acquired during the quarter(1) Residential Mortgages(2) exposure groups by LTV buckets(1)(3) Residential Mortgages Portfolios (remaining amortization)(1)(4) Retail – Canada Insured Uninsured HELOC Total Retail Non-Retail(5) Total Uninsured(6) HELOC(7) Canada Canada Quebec 11,592 10.6% 23,215 21.3% 20,888 19.2% 55,695 51.1% 55,695 11,386 67,081 69% 69% 30 % or less 9.2% 0 - 19 years 26.6% Ontario 8,521 7.8% 18,216 16.7% 6,437 5.9% 33,174 30.4% 33,174 2,874 36,048 69% 66% 31 % - 60 % 40.4% 20 - 24 years 39.1% Alberta 5,298 4.9% 2,279 2.1% 895 0.8% 8,472 7.8% 8,472 2,061 10,533 70% 64% 61 % - 70 % 17.5% 25 - 29 years 31.7% British Columbia 1,767 1.6% 2,951 2.7% 1,882 1.7% 6,600 6.0% 6,600 3,202 9,802 64% 59% 71 % - 80 % 20.1% 30 - 34 years 2.5% New Brunswick 512 0.5% 697 0.6% 306 0.3% 1,515 1.4% 1,515 1,232 2,747 69% 69% 81 % - 90 % 7.4% 35 years and + 0.1% Saskatchewan 842 0.8% 306 0.3% 174 0.2% 1,322 1.3% 1,322 331 1,653 72% 70% 91 % - 95 % 2.5% Total 100.0% Manitoba 487 0.4% 232 0.3% 121 0.1% 840 0.8% 840 653 1,493 72% 69% 96 % or more 2.9% Others Canadian provinces(8) 731 0.7% 404 0.4% 137 0.1% 1,272 1.2% 1,272 581 1,853 68% 62% Total 100.0% 29,750 27.3% 48,300 44.4% 30,840 28.3% 108,890 100.0% 108,890 22,320 131,210 69% 68% Retail – USA, Cambodia and others 10,729 10,729 Non-Retail – Other residential mortgages(5)(9) 17,238 5,308 22,546 46,988 33.1% 64,337 45.3% 30,840 21.6% 142,165 100.0% Q2 2025 Residential Mortgages Portfolios Canadian Residential Mortgages Portfolios Per Region Average LTV for mortgages originated and acquired during the quarter(1) Residential Mortgages(2) exposure groups by LTV buckets(1)(3) Residential Mortgages Portfolios (remaining amortization)(1)(4) Retail – Canada Insured Uninsured HELOC Total Retail Non-Retail(5) Total Uninsured(6) HELOC(7) Canada Canada Quebec 11,114 10.6% 21,651 20.7% 20,230 19.3% 52,995 50.6% 52,995 11,792 64,787 68% 68% 30 % or less 9.1% 0 - 19 years 27.5% Ontario 8,246 7.9% 17,549 16.8% 6,338 6.0% 32,133 30.7% 32,133 3,465 35,598 71% 65% 31 % - 60 % 40.4% 20 - 24 years 40.4% Alberta 5,232 5.0% 2,201 2.1% 843 0.8% 8,276 7.9% 8,276 2,093 10,369 73% 68% 61 % - 70 % 17.5% 25 - 29 years 30.2% British Columbia 1,736 1.6% 2,926 2.8% 1,847 1.8% 6,509 6.2% 6,509 3,214 9,723 68% 58% 71 % - 80 % 20.6% 30 - 34 years 1.8% New Brunswick 498 0.5% 668 0.6% 299 0.3% 1,465 1.4% 1,465 1,207 2,672 69% 66% 81 % - 90 % 7.2% 35 years and + 0.1% Saskatchewan 835 0.8% 312 0.3% 172 0.2% 1,319 1.3% 1,319 413 1,732 72% 68% 91 % - 95 % 2.3% Total 100.0% Manitoba 481 0.5% 227 0.2% 122 0.1% 830 0.8% 830 713 1,543 69% 70% 96 % or more 2.9% Others Canadian provinces(8) 714 0.6% 378 0.3% 139 0.2% 1,231 1.1% 1,231 570 1,801 68% 66% Total 100.0% 28,856 27.5% 45,912 43.8% 29,990 28.7% 104,758 100.0% 104,758 23,467 128,225 70% 67% Retail – USA, Cambodia and others 10,049 10,049 Non-Retail – Other residential mortgages(5)(9) 18,088 5,602 23,690 46,944 33.9% 61,563 44.5% 29,990 21.6% 138,497 100.0% (1) Excluding non-retail and non-Canadian residential mortgages. (2) Includes HELOC. (3) Property values are updated using Teranet-National Bank sub-indices by area and property type. (4) Excludes amortization for the HELOC's amortized portion. The remaining amortization period is being disclosed. (5) Includes non-retail residential mortgages (5 units and more) and commercial residential mortgages of 1 to 4 units. According to the categories of borrowers under the Basel asset classes. (6) LTV is calculated using the outstanding amount and weighted by the outstanding of each loan. (7) LTV is calculated using the authorized amount and weighted by the authorized amount of each line. Includes both revolving and amortized portions. (8) Others include: Prince Edward Island, Nova Scotia, Newfoundland and Labrador, Northwest Territories, Yukon. (9) Also includes POCI residential mortgages (USA).
Slide 28 — Geographic Distribution of Gross Loans, Gross Impaired Loans and Allowances for Credit Losses(1)
National Bank of Canada – Supplementary Financial Information 28 Geographic Distribution of Gross Loans, Gross Impaired Loans and Allowances for Credit Losses(1) (millions of Canadian dollars) 2026 Q3 Q2 Q1 Gross loans(2) Gross impaired loans(3) Allowance for credit losses on impaired loans(4) Gross loans(2) Gross impaired loans(3) Allowance for credit losses on impaired loans(4) Gross loans(2) Gross impaired loans(3) Allowance for credit losses on impaired loans(4) Canada Residential mortgages(5) 123,526 327 26 117,147 290 19 113,586 266 17 Qualifying revolving retail 4,748 19 15 4,582 21 16 4,470 22 15 Other retail(6) 15,033 236 174 14,391 226 161 14,033 208 152 Non-retail(7) 142,159 1,900 580 138,379 1,891 526 135,035 1,696 528 285,466 2,482 795 274,499 2,428 722 267,124 2,192 712 United States Residential mortgages(5) 5,029 137 37 5,099 115 31 5,118 111 32 Qualifying revolving retail − − − − − − − − − Other retail(6) 1,448 15 12 1,445 17 15 1,451 15 13 Non-retail(7) 18,455 − − 17,363 8 4 16,805 94 2 24,932 152 49 23,907 140 50 23,374 220 47 Europe Non-retail(7) 1,662 − − 1,877 − − 1,993 1 1 Others Residential mortgages(5) 7,205 641 153 6,834 594 141 6,668 582 137 Qualifying revolving retail − − − − − − − − − Other retail(6) 3,652 303 65 3,526 287 62 3,499 280 61 Non-retail(7) 3,670 158 38 3,291 139 33 3,326 122 29 14,527 1,102 256 13,651 1,020 236 13,493 984 227 Total excluding Credigy's POCI loans(8) 326,587 3,736 1,100 313,934 3,588 1,008 305,984 3,397 987 Credigy's POCI loans 295 295 (76) 316 316 (73) 345 345 (76) 326,882 4,031 1,024 314,250 3,904 935 306,329 3,742 911 Performing(9) – Retail 697 688 668 Performing and impaired stage 3(9) – Non-retail 1,006 982 963 326,882 4,031 2,727 314,250 3,904 2,605 306,329 3,742 2,542 2025 Q4 Q3 Q2 Gross loans(2) Gross impaired loans(3) Allowance for credit losses on impaired loans(4) Gross loans(2) Gross impaired loans(3) Allowance for credit losses on impaired loans(4) Gross loans(2) Gross impaired loans(3) Allowance for credit losses on impaired loans(4) Canada Residential mortgages(5) 111,749 250 15 108,890 222 15 104,758 190 13 Qualifying revolving retail 4,454 20 14 4,348 27 20 4,258 27 20 Other retail(6) 14,234 194 139 13,842 195 131 13,351 182 120 Non-retail(7) 135,604 1,689 466 131,557 1,543 385 131,083 1,442 373 266,041 2,153 634 258,637 1,987 551 253,450 1,841 526 United States Residential mortgages(5) 4,895 88 26 4,370 89 25 3,870 87 24 Qualifying revolving retail − − − − − − − − − Other retail(6) 1,408 14 12 1,261 15 13 1,242 15 13 Non-retail(7) 17,207 100 2 16,153 3 3 15,263 21 14 23,510 202 40 21,784 107 41 20,375 123 51 Europe Non-retail(7) 1,314 1 1 1,042 2 2 1,038 3 2 Others Residential mortgages(5) 6,674 572 133 6,359 542 118 6,179 519 121 Qualifying revolving retail − − − − − − − − − Other retail(6) 3,551 266 48 3,463 242 45 3,425 218 36 Non-retail(7) 3,276 130 34 3,144 112 30 2,890 101 27 13,501 968 215 12,966 896 193 12,494 838 184 Total excluding Credigy's POCI loans(8) 304,366 3,324 890 294,429 2,992 787 287,357 2,805 763 Credigy's POCI loans 388 388 (82) 298 298 (85) 309 309 (86) 304,754 3,712 808 294,727 3,290 702 287,666 3,114 677 Performing(9) – Retail 650 633 616 Performing and impaired stage 3(9) – Non-retail 968 950 916 304,754 3,712 2,426 294,727 3,290 2,285 287,666 3,114 2,209 (1) Geographic information based on borrower address (country). (2) Gross loans comprise securitized assets. (3) All loans classified in Stage 3 of the expected credit loss model and the POCI loans are impaired loans. (4) Allowances for credit losses are based on drawn amounts. (5) Includes residential mortgages on one-to-four dwellings (Basel definition) and home equity lines of credit. (6) Includes consumer loans and other retail loans but excludes SME loans which are included in Non-retail portfolios. (7) Includes residential mortgages on dwellings of five or more units and SME loans. (8) For additional information on non-GAAP financial measures, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (9) Includes other financial assets at amortized cost and off-balance-sheet commitments.
Slide 29 — Impaired Loans by Business Segment(1)
National Bank of Canada – Supplementary Financial Information 29 Impaired Loans by Business Segment(1) (millions of Canadian dollars, except as noted) 2026 2025 2024 Gross Impaired Loans(2) Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Personal and Commercial Personal Banking 558 517 477 442 421 386 336 327 306 279 256 Commercial Banking 1,704 1,746 1,548 1,531 1,409 1,274 533 451 441 411 314 Wealth Management 31 45 41 55 43 17 23 16 12 11 10 Capital Markets 189 128 221 226 119 188 192 122 84 67 75 U.S. Specialty Finance and International Credigy 152 132 126 102 104 102 92 88 64 54 51 ABA Bank 1,102 1,020 984 968 896 838 791 648 519 445 397 International − − − − − − − − − − − Other − − − − − − − − − − − Gross impaired loans excluding Credigy's POCI loans(3)(4) 3,736 3,588 3,397 3,324 2,992 2,805 1,967 1,652 1,426 1,267 1,103 Credigy's POCI loans 295 316 345 388 298 309 374 391 426 463 496 4,031 3,904 3,742 3,712 3,290 3,114 2,341 2,043 1,852 1,730 1,599 Gross impaired loans excluding Credigy's POCI loans as a % of total loans(4)(5) 1.14% 1.14% 1.11% 1.09% 1.02% 0.98% 0.79% 0.68% 0.59% 0.54% 0.48% Gross impaired loans as a % of total loans(6) 1.23% 1.24% 1.22% 1.22% 1.12% 1.08% 0.94% 0.84% 0.77% 0.73% 0.69% 2026 2025 2024 Net Impaired Loans(2)(6)(7) Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Personal and Commercial Personal Banking 350 327 300 281 261 237 196 203 194 179 170 Commercial Banking 1,230 1,280 1,100 1,114 1,065 1,000 361 302 271 254 153 Wealth Management 22 37 34 47 36 12 17 11 7 6 5 Capital Markets 85 66 138 175 74 74 129 78 54 57 20 U.S. Specialty Finance and International − Credigy 103 86 81 64 66 65 55 57 39 32 29 ABA Bank 846 784 757 753 703 654 608 493 394 336 300 International − − − − − − − − − − − Other − − − − − − − − − − − Net impaired loans excluding Credigy's POCI loans(3)(4) 2,636 2,580 2,410 2,434 2,205 2,042 1,366 1,144 959 864 677 Credigy's POCI loans 371 389 421 470 383 395 470 485 523 562 599 3,007 2,969 2,831 2,904 2,588 2,437 1,836 1,629 1,482 1,426 1,276 Net impaired loans excluding Credigy's POCI loans as a % of total loans(4)(5) 0.81% 0.83% 0.79% 0.80% 0.75% 0.71% 0.55% 0.47% 0.40% 0.37% 0.29% Net impaired loans as a % of total loans(6) 0.93% 0.95% 0.93% 0.96% 0.88% 0.85% 0.74% 0.67% 0.62% 0.61% 0.55% (1) All loans classified in Stage 3 of the expected credit loss model and the POCI loans are impaired loans. (2) Including customers’ liability under acceptances for the quarters of 2024 (except Q4 2024). (3) For additional information on non-GAAP financial measures, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank's website at nbc.ca or the SEDAR+ website at sedarplus.ca. (4) The presentation was changed in Q2 2025 and the comparative figures were not adjusted to reflect the change as the amounts were not considered significant. Prior Q2 2025, the amounts also excluded gross POCI loans acquired from SVB in Q4 2023 (Q1 2025: $21 million, Q4 2024: $26 million, Q3 2024: $31 million, Q2 2024: $34 million, Q1 2024: $39 million) and net SVB’s POCI loans (Q1 2025: $14 million, Q4 2024: $22 million, Q3 2024: $27 million, Q2 2024: $31 million, Q1 2024: $37 million). (5) For additional information on non-GAAP ratios, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (6) For details on the composition of these measures, see the Glossary section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank's website at nbc.ca or the SEDAR+ website at sedarplus.ca. (7) Net impaired loans are presented net of allowances for credit losses on drawn amount of impaired loans.
Slide 30 — Formation of Gross Impaired Loans Excluding Credigy's POCI Loans(1)(2)
National Bank of Canada – Supplementary Financial Information 30 Formation of Gross Impaired Loans Excluding Credigy's POCI Loans(1)(2) (millions of Canadian dollars) 2026 2025 2024 YTD Full Year Formation of Gross Impaired Loans Excluding Credigy's POCI Loans(1)(2)(3) (by sector) Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Balance at beginning 3,588 3,397 3,324 2,992 2,805 1,967 1,652 1,426 1,267 1,103 1,024 3,324 1,652 1,652 1,024 Write-offs Personal and Commercial Personal Banking (24) (26) (23) (39) (21) (22) (21) (19) (14) (13) (11) (73) (64) (103) (57) Credit card (36) (41) (36) (33) (32) (32) (31) (29) (29) (27) (26) (113) (95) (128) (111) Commercial Banking (83) (84) (56) (24) (25) (15) (45) (42) (4) (44) (22) (223) (85) (109) (112) Wealth Management − − − − − − − − − − − − − − − Capital Markets − (20) − (2) (68) − − (5) − (45) (22) (20) (68) (70) (72) U.S. Specialty Finance and International Credigy (24) (21) (19) (19) (19) (20) (17) (18) (19) (17) (13) (64) (56) (75) (67) ABA Bank (13) (11) (9) (15) (8) (9) (1) − (1) − − (33) (18) (33) (1) International − − − − − − − (1) − − − − − − (1) Other − − − − − − − − − − − − − − − (180) (203) (143) (132) (173) (98) (115) (114) (67) (146) (94) (526) (386) (518) (421) Formation Personal and Commercial Personal Banking 65 66 58 60 56 72 30 40 41 36 47 189 158 218 164 Credit card 36 41 36 33 32 32 31 29 29 27 26 113 95 128 111 Commercial Banking 41 282 73 146 160 756 127 52 34 141 40 396 1,043 1,189 267 Wealth Management (14) 4 (14) 12 26 (6) 7 4 1 1 (3) (24) 27 39 3 Capital Markets 61 (73) (5) 109 (1) (4) 70 43 17 37 (13) (17) 65 174 84 U.S. Specialty Finance and International Credigy 44 27 43 17 21 30 21 42 29 20 26 114 72 89 117 ABA Bank 95 47 25 87 66 56 144 129 75 48 50 167 266 353 302 International − − − − − − − 1 − − − − − − 1 Other − − − − − − − − − − − − − − − 328 394 216 464 360 936 430 340 226 310 173 938 1,726 2,190 1,049 Balance at end 3,736 3,588 3,397 3,324 2,992 2,805 1,967 1,652 1,426 1,267 1,103 3,736 2,992 3,324 1,652 2026 2025 2024 YTD Full Year Formation of Gross Impaired Loans Excluding Credigy's POCI Loans(1)(2)(3) (by activity) Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Balance at beginning 3,588 3,397 3,324 2,992 2,805 1,967 1,652 1,426 1,267 1,103 1,024 3,324 1,652 1,652 1,024 Classified as credit-impaired during the period(4) 722 925 587 734 691 1,141 597 452 407 449 347 2,234 2,429 3,163 1,655 Transferred to performing loans during the period (116) (176) (102) (85) (110) (83) (58) (57) (71) (80) (61) (394) (251) (336) (269) Net repayments (318) (351) (236) (199) (227) (62) (150) (63) (113) (70) (100) (905) (439) (638) (346) Disposals of loans − − − − − − − − − − − − − − − Write-offs (180) (203) (143) (132) (173) (98) (115) (114) (67) (146) (94) (526) (386) (518) (421) Exchange and other movements 40 (4) (33) 14 6 (60) 41 8 3 11 (13) 3 (13) 1 9 Balance at end 3,736 3,588 3,397 3,324 2,992 2,805 1,967 1,652 1,426 1,267 1,103 3,736 2,992 3,324 1,652 (1) The presentation was changed in Q2 2025 and the comparative figures were not adjusted to reflect the change as the amounts were not considered significant. Prior Q2 2025, the amounts also excluded gross POCI loans acquired from SVB in Q4 2023 (Q1 2025: $21 million, Q4 2024: $26 million, Q3 2024: $31 million, Q2 2024: $34 million, Q1 2024: $39 million). (2) For additional information on non-GAAP financial measures, see the Financial Reporting Method section in the Report to Shareholders for the Third Quarter of 2026, which is available on the Bank’s website at nbc.ca or the SEDAR+ website at sedarplus.ca. (3) Included customer's liability under acceptances for the 2024 quarters (except Q4 2024). (4) The Q2 2026 total amount included $40 million of POCI loans acquired from LBC and the Q2 2025 total amount had included $604 million of POCI loans acquired from CWB.
Slide 31 — Reconciliation of Allowances for Credit Losses
National Bank of Canada – Supplementary Financial Information 31 Reconciliation of Allowances for Credit Losses (millions of Canadian dollars) 2026 2025 2024 YTD Full Year Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Impaired(1) Balance at beginning 937 912 814 703 679 506 414 370 304 323 308 814 414 414 308 Provisions for credit losses 223 195 219 215 152 230 197 148 124 116 90 637 579 794 478 Write-offs (180) (203) (143) (132) (173) (98) (115) (114) (67) (146) (94) (526) (386) (518) (421) Disposals − − − − − − − − − − − − − − − Recoveries 48 39 30 27 48 54 11 11 12 11 22 117 113 140 56 Foreign exchange movements and other 6 (6) (8) 1 (3) (13) (1) (1) (3) − (3) (8) (17) (16) (7) Balance at end 1,034 937 912 814 703 679 506 414 370 304 323 1,034 703 814 414 Performing Balance at beginning 1,668 1,630 1,612 1,582 1,530 1,225 1,159 1,144 1,117 1,093 1,069 1,612 1,159 1,159 1,069 Provisions for credit losses 23 38 25 29 51 315 57 14 25 22 30 86 423 452 91 Write-offs − − − − − − − − − − − − − − − Disposals (6) − − − − − − − − (2) − (6) − − (2) Recoveries − − − − − − − − − − − − − − − Foreign exchange movements and other 8 − (7) 1 1 (10) 9 1 2 4 (6) 1 − 1 1 Balance at end 1,693 1,668 1,630 1,612 1,582 1,530 1,225 1,159 1,144 1,117 1,093 1,693 1,582 1,612 1,159 Total allowances for credit losses by stage Impaired 1,034 937 912 814 703 679 506 414 370 304 323 Performing 1,693 1,668 1,630 1,612 1,582 1,530 1,225 1,159 1,144 1,117 1,093 2,727 2,605 2,542 2,426 2,285 2,209 1,731 1,573 1,514 1,421 1,416 Total allowances for credit losses Loans at amortized cost(2) Amounts drawn 2,338 2,263 2,209 2,131 1,984 1,938 1,483 1,341 1,295 1,211 1,211 Undrawn commitments(3) 294 256 257 236 240 224 200 188 179 172 166 Other(4) 95 86 76 59 61 47 48 44 40 38 39 2,727 2,605 2,542 2,426 2,285 2,209 1,731 1,573 1,514 1,421 1,416 Total allowances for credit losses by stage (excluding USSF&I) Impaired 805 728 716 643 557 544 389 326 321 275 309 Performing 1,382 1,394 1,357 1,359 1,356 1,311 1,002 956 950 932 918 2,187 2,122 2,073 2,002 1,913 1,855 1,391 1,282 1,271 1,207 1,227 (1) All loans classified in Stage 3 of the expected credit loss model and the POCI loans are impaired loans. (2) Including customers’ liability under acceptances for the quarters of 2024 (except Q4 2024). (3) The allowances for credit losses on undrawn commitments are reported in the Other liabilities item of the Consolidated Balance Sheet. (4) Includes other financial assets at amortized cost and off-balance-sheet items other than undrawn commitments.
Slide 32 — Provisions for Credit Losses
National Bank of Canada – Supplementary Financial Information 32 Provisions for Credit Losses (millions of Canadian dollars) 2026 2025 2024 YTD Full Year Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2024 Personal and Commercial Personal Banking: Impaired 40 37 37 37 30 26 36 29 25 26 20 114 92 129 100 Performing(1) 6 8 2 (3) 5 20 6 (2) (5) 4 6 16 31 28 3 46 45 39 34 35 46 42 27 20 30 26 130 123 157 103 Credit card: Impaired 31 34 32 29 27 27 27 26 24 24 22 97 81 110 96 Performing (1) 15 5 − 2 11 10 13 9 (1) 4 19 23 23 25 30 49 37 29 29 38 37 39 33 23 26 116 104 133 121 Commercial Banking: Impaired 58 83 71 80 58 71 73 22 17 39 28 212 202 282 106 Performing(1)(2) (17) (8) (8) 3 12 271 9 9 8 − 2 (33) 292 295 19 POCI(3) 1 (1) 1 (3) (11) 1 1 (14) 41 75 63 83 70 342 83 30 26 36 19 179 495 578 111 Wealth Management Impaired − 1 (1) 1 2 − 1 − − − − − 3 4 − Performing − − (1) 2 (1) (1) 1 (1) − − − (1) (1) 1 (1) − 1 (2) 3 1 (1) 2 (1) − − − (1) 2 5 (1) Capital Markets Impaired 48 (1) 28 13 (1) 55 18 16 20 − (2) 75 72 85 34 Performing(2) 2 17 (2) 5 25 9 18 (12) 2 11 19 17 52 57 20 50 16 26 18 24 64 36 4 22 11 17 92 124 142 54 U.S. Specialty Finance and International Credigy: Impaired - Stage 3 24 20 25 16 18 21 20 22 19 15 16 69 59 75 72 Performing 32 2 13 11 2 (2) 10 7 9 6 7 47 10 21 29 Impaired - POCI (1) 3 4 4 2 11 − 4 1 5 2 6 13 17 12 55 25 42 31 22 30 30 33 29 26 25 122 82 113 113 ABA Bank: Impaired 23 18 23 35 16 19 21 29 17 10 15 64 56 91 71 Performing 1 1 15 13 4 10 − − − 1 (4) 17 14 27 (3) 24 19 38 48 20 29 21 29 17 11 11 81 70 118 68 International: Impaired − − − − − − − 1 − − − − − − 1 Performing − − − − − − − − − − − − − − − − − − − − − − 1 − − − − − − 1 Other Impaired − − − − − − − − − − − − − − − Performing − 3 1 (2) 2 (3) 3 − 2 1 (4) 4 2 − (1) − 3 1 (2) 2 (3) 3 − 2 1 (4) 4 2 − (1) 246 233 244 244 203 545 254 162 149 138 120 723 1,002 1,246 569 Total Impaired 224 192 215 211 150 219 196 145 122 114 99 631 565 776 480 Performing(1) 23 38 25 29 51 315 57 14 25 22 30 86 423 452 91 Credigy’s POCI loans(2) (1) 3 4 4 2 11 1 3 2 2 (9) 6 14 18 (2) 246 233 244 244 203 545 254 162 149 138 120 723 1,002 1,246 569 Excluding USSF&I Impaired 177 154 167 160 116 179 155 93 86 89 68 498 450 610 336 Performing(1) (10) 35 (3) 5 45 307 47 7 16 15 27 22 399 404 65 POCI(2) 1 (1) 1 (3) (11) 1 1 (14) 167 189 164 165 161 486 203 99 103 101 84 520 850 1,015 387 (1) For Q2 2025, the amount had included initial provisions for credit losses of $230 million on acquired performing CWB loans. (2) For Q2 2026, the amount included initial provisions for credit losses of $6 million on performing loans acquired from LBC. (3) The presentation was changed in Q2 2025 and the comparative figures were not adjusted to reflect the change as the amounts were not considered significant. Prior Q2 2025, the amounts also included PCL on POCI loans acquired from SVB in Q4 2023.
Slide 33 — Derivatives Financial Instruments According to Basel Definition
National Bank of Canada – Supplementary Financial Information 33 Derivatives Financial Instruments According to Basel Definition (millions of Canadian dollars) 2026 2025 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Under Basel III Foreign Exchange Related Contracts Swaps 528,539 520,188 515,316 516,957 499,295 490,415 524,994 Options - purchased 24,666 27,076 28,236 30,736 36,615 56,402 58,917 - sold 34,848 33,516 36,145 35,945 40,998 69,314 69,406 Exchange traded and OTC futures contracts 92,527 98,404 68,753 69,349 74,394 72,323 70,761 Total notional amount 680,580 679,184 648,450 652,987 651,302 688,454 724,078 Replacement cost - net(1) 1,035 1,030 1,104 1,256 1,035 1,129 1,887 Future credit risk 3,827 3,632 3,621 3,579 3,504 3,350 3,390 Credit equivalent(2) 6,807 6,527 6,615 6,769 6,355 6,271 7,388 Risk-weighted equivalent(3) 1,497 1,388 1,481 1,493 1,468 1,557 1,799 Interest Rate Related Contracts Swaps 1,990,569 1,838,374 1,742,433 1,933,478 1,631,164 1,446,839 1,438,127 Options - purchased 7,498 7,539 5,547 5,898 6,461 6,803 7,495 - sold 9,309 9,126 7,325 6,992 7,293 8,783 10,522 Exchange traded and OTC futures contracts 13,385 13,100 13,694 17,169 11,812 11,324 14,771 Total notional amount 2,020,761 1,868,139 1,768,999 1,963,537 1,656,730 1,473,749 1,470,915 Replacement cost - net(1) 508 323 506 665 607 651 979 Future credit risk 2,111 2,074 2,018 1,874 1,721 1,624 1,591 Credit equivalent(2) 3,667 3,356 3,534 3,554 3,259 3,184 3,598 Risk-weighted equivalent(3) 558 567 693 843 628 791 684 Financial Futures Total notional amount 251,787 224,150 182,627 186,047 162,503 196,783 232,033 Equity and Commodity Contracts Total notional amount 268,832 281,868 263,933 289,308 239,398 216,607 236,622 Replacement cost - net(1) 1,630 2,182 1,508 1,456 1,339 1,810 1,195 Future credit risk 7,328 6,586 7,406 6,493 5,862 6,231 6,344 Credit equivalent(2) 12,540 12,275 12,480 11,128 10,081 11,257 10,555 Risk-weighted equivalent(3) 2,109 2,378 1,739 1,671 1,540 1,365 1,465 Credit Derivatives Total notional amount (trading only) 35,093 27,605 18,323 19,076 16,576 15,586 14,719 Total Return Swap Notional Amount(4) 1,274 1,106 176 180 172 172 159 Replacement cost - net(1) 10 3 1 1 1 2 1 Future credit risk 18 21 20 17 8 12 9 Credit equivalent(2) 40 33 29 26 13 21 14 Risk-weighted equivalent(3) 5 6 6 6 4 4 4 Total Derivatives Total notional amount 3,258,327 3,082,052 2,882,508 3,111,135 2,726,681 2,591,351 2,678,526 Replacement cost - net(1) 3,183 3,538 3,119 3,378 2,982 3,592 4,062 Future credit risk 13,284 12,313 13,065 11,963 11,095 11,217 11,334 Credit equivalent(2) 23,054 22,191 22,658 21,477 19,708 20,733 21,555 Risk-weighted equivalent(3) 4,169 4,339 3,919 4,013 3,640 3,717 3,952 (1) Net replacement cost is gross positive replacement cost with consideration of master netting agreements without consideration of collateral. (2) Credit equivalent amounts reported are net of impact of collaterals and master netting agreements and are presented after the alpha of 1.4. (3) Risk weighted amounts reported are net of impact of collaterals and master netting agreements. (4) Securitized exposure recognized for capital ratio but not for consolidated balance sheet purposes due to IFRS.
Slide 34 — Over the Counter Derivatives Financial Instruments Settled by Central Counterparties(1)
National Bank of Canada – Supplementary Financial Information 34 Over the Counter Derivatives Financial Instruments Settled by Central Counterparties(1) (millions of Canadian dollars) 2026 Q3 Q2 Q1 Exchange-traded contracts OTC-Traded Exchange-traded contracts OTC-Traded Exchange-traded contracts OTC-Traded Settled by central counterparties Not settled by central counterparties Settled by central counterparties Not settled by central counterparties Settled by central counterparties Not settled by central counterparties Interest rate contracts 251,787 1,771,642 249,119 224,150 1,622,631 245,508 182,627 1,528,848 240,151 Foreign exchange contracts − − 680,580 − − 679,184 − − 648,450 Equity, commodity and credit derivative contracts 121,766 17,665 165,768 122,996 16,400 171,183 123,764 13,725 144,943 2025 Q4 Q3 Q2 Exchange-traded contracts OTC-Traded Exchange-traded contracts OTC-Traded Exchange-traded contracts OTC-Traded Settled by central counterparties Not settled by central counterparties Settled by central counterparties Not settled by central counterparties Settled by central counterparties Not settled by central counterparties Interest rate contracts 186,047 1,723,649 239,888 162,503 1,435,218 221,512 196,783 1,258,812 214,937 Foreign exchange contracts − − 652,987 − − 651,302 − − 688,454 Equity, commodity and credit derivative contracts 143,475 14,047 151,042 124,984 11,653 119,509 103,253 11,686 117,426 (1) Notional amounts.