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 HomeFinanceBankingRBC tops expectations, hikes dividend after profits rise across the boardCanada's biggest bank posted higher profits in all of its business segments and kept aside less money to tackle potentially bad loans You can save this article by registering for free here. Or sign-in if you have an account.Royal Bank of Canada reported earnings on Thursday. Photo by Peter J. Thompson/National PostCanada’s largest bank topped analysts’ second-quarter earnings expectations on Thursday as it posted higher profits in each of its business segments and kept aside a lower amount of money to tackle potentially 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 AccountorRoyal Bank of Canada’s net income for the three months ending April 30 was $5.5 billion, up $1.12 billion, or 25 per cent, from the same period last year, resulting in net earnings per share of $3.85.Its adjusted net income — which removes the impact of non-recurring items — was $5.6 billion, up 23 per cent year over year, resulting in adjusted earnings per share of $3.90, which topped analysts’ expectations of about $3.80 per share.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“Our second-quarter earnings showcase our consistency,” RBC chief executive Dave McKay said in a statement. “Looking ahead, we remain focused on building the bank of the future and evolving with the needs of those we serve.”The Big Six banks‘ earnings tend to provide insights into the Canadian economy, which has been under further strain since the Iran conflict pushed up energy prices and added more economic uncertainty.Analysts say the ongoing uncertainty will compel banks to continue to keep aside a high amount of money for loans that may potentially go bad. That marks a shift from earlier forecasts, which had anticipated a gradual improvement in provisions for credit losses (PCLs) in the second half of 2026.RBC’s total PCLs, however, decreased to $912 million from $1.09 billion in the previous quarter and $1.4 billion a year ago.“Our consolidated results reflect a decrease in total PCLs of $512 million from a year ago, primarily due to lower provisions in commercial banking and personal banking,” the bank said, adding that PCLs were higher last year due to the impacts of trade disruptions, including tariffs.The bank’s net income was $1.87 billion in its personal banking segment, up 17 per cent from last year due to higher net interest income, while it earned $854 million through its commercial banking segment, up 43 per cent from a year ago.Its capital markets segment’s net income was $1.4 billion, up 23 per cent, while its wealth management business’s net income was 1.18 billion, up 28 per cent.The bank also increased its quarterly dividend by 12 cents to $1.76 per share, payable to shareholders on or after Aug. 24. 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