Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeFinanceBankingNational Bank beats expectations, hikes dividend as it lowers credit loss provisionsProfit climbs 38% to $1.2 billionLast updated 1 hour ago You can save this article by registering for free here. Or sign-in if you have an account.National Bank of Canada reported results on Wednesday. Photo by Della Rollins/BloombergNational Bank of Canada beat analysts’ second-quarter earnings expectations due to strong results in its personal and commercial banking unit and setting aside less money to cover bad loans.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe bank’s net income for the three months ending April 30 was $1.2 billion, up 38 per cent from $896 million a year ago. Net earnings per share were $3.06.Adjusted net income, which removes the impact of non-recurring items, was $1.3 billion, up 12 per cent from nearly $1.2 billion a year ago. Adjusted earnings per share came in at $3.23, up from $2.85 a year earlier and above the $3.13 forecast by analysts.Provisions for credit loss (PCLs), the money banks set aside to cover potential loan defaults, was $233 million, less than half of the $545 million it recorded a year ago.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try again“We delivered strong growth in the second quarter, reflecting the diversification of our business and continued client activity across our franchises,” chief executive Laurent Ferreira said in a release. “Our performance was further supported by credit discipline, (Canadian Western Bank)-related synergies and share buybacks.”The bank increased its dividend by eight cents to $1.32 per share for the second quarter of 2026.Net interest income and the acquisition of Canadian Western Bank last year continued to bolster the bank’s personal and commercial earnings, which grew nearly 169 per cent to $355 million.Its wealth management unit’s net income increased 18 per cent to $274 million, mainly driven by growth in fee-based revenue.A decrease in global markets’ revenues caused capital markets’ earnings to decline three per cent to $488 million, which was partly offset by an increase in corporate and investment banking revenues.National Bank’s United States specialty finance and international business earned $186 million, up 10 per cent from a year earlier.National Bank is among the first group of Canada’s Big Six banks to report quarterly earnings on Wednesday, along with Bank of Nova Scotia and Bank of Montreal. Royal Bank of Canada, Toronto-Dominion Bank and Canadian Imperial Bank of Commerce report on Thursday. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.