National Bank of Canada Reports 23% Net Income Growth in Q3 2026 — National Bank of Canada

Event summary

National Bank of Canada reported a net income of $1,307 million for Q3 2026, up 23% from Q3 2025.
Adjusted net income for Q3 2026 was $1,362 million, also up 23% from the previous year.
Total revenues for the quarter rose by 18% year-over-year to $4,053 million.
The bank's CET1 capital ratio under Basel III stood at 13.5%, down from 13.8% as of October 31, 2025.
Dividends declared were $1.32 per common share, payable on November 1, 2026.

The big picture

National Bank of Canada's strong Q3 2026 results reflect successful integration of recent acquisitions and resilient credit performance. The bank's focus on supporting clients and advancing economic priorities positions it well amidst trade and geopolitical uncertainties. However, maintaining capital levels and navigating regulatory environments will be key to sustaining growth.

What we're watching

Integration Challenges: The pace at which National Bank can successfully integrate Canadian Western Bank and realize expected benefits will impact future performance.
Regulatory Compliance: Whether the bank can maintain robust capital levels while navigating geopolitical and trade uncertainties.
Credit Performance: How resilient credit performance will be in the face of potential economic downturns and higher funding costs.