National Bank of Canada (NA) Earnings Call Transcripts
National Bank of Canada's Latest Earnings Call - Q2 FY2026
In the second quarter of fiscal 2026, National Bank of Canada reported earnings per share (EPS) of $3.23, reflecting a 13% year-over-year increase. Revenue grew by 7% year-over-year, driven by strong performance across various segments and balance sheet growth. Management raised the quarterly dividend by 6% to $1.32 per share, signaling confidence in future earnings despite macroeconomic uncertainties, including the ongoing conflict in the Middle East, which could impact inflation and business investments.
Reported metrics
| Metric | Value |
|---|---|
| EPS | $3.23 (beat) |
| Revenue | $2.1B (beat) |
| Return on Equity (ROE) | 16.8% (inline) |
| CET1 Ratio | 13.54% (positive) |
| Total Provisions for Credit Losses (PCL) | $233M (positive) |
| Dividend | $1.32 (positive) |
Guidance from management
Management expects EPS growth for the second half of 2026 to align with year-to-date performance, maintaining a positive outlook despite macroeconomic uncertainties.
What management said
Welcome, everyone. We will begin the call with remarks from Laurent Ferreira, President and CEO; Marie Chantal, CFO, and and Jean-Sebastien Grise, Chief Risk Officer. Our business heads are also present for the Q&A session, including Julie Levac, Personal Banking; Judith Menard, Commercial and Private Banking; Nancy Paquet, Wealth Management; Etienne Dubuc, Capital Markets and [ Bill Bane ] International. Before we b...
Thank you for your question. At a high level, yes, you have sometimes period of volatility, which could impact market risk RWA. So that is a factor that we have to take into consideration. But I guess at a very high level, yes, you should expect us to continue executing at these levels.
What analysts pressed on
Analysts expressed concerns regarding the potential impact of macroeconomic uncertainties on credit performance and business investments. There were also questions about the sustainability of loan growth outpacing deposit growth and its effect on net interest margins.
Main topics on the call
- Revenue Growth — National Bank's revenue increased by 7% year-over-year, attributed to strong performance across all business segments. Management noted, "revenues increased 7% year-over-year, driven by solid performance across our segme...
- Dividend Increase — The bank announced a dividend increase of $0.08, or 6%, raising the quarterly dividend to $1.32 per share. This decision reflects the bank's strong earnings power and capital position, as stated by management: "Our stron...
- Credit Performance — The bank reported strong credit performance with total provisions for credit losses (PCL) of $233 million, down from the previous quarter. Management emphasized that their credit performance remains within expectations, ...
- Macroeconomic Uncertainty — Management highlighted increased uncertainty due to geopolitical tensions, particularly the conflict in the Middle East, which may impact inflation and interest rates. They noted, "this uncertainty could further impact b...
Read the full National Bank of Canada transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About National Bank of Canada
National Bank of Canada (NA) is a publicly listed company in the Banks industry, within the Financials sector. It trades on TSX and is based in CA. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 61 calls on record spanning January 7, 2020 to September 16, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 61 National Bank of Canada earnings call transcripts on record, spanning January 7, 2020 to September 16, 2026. Based on this history, National Bank of Canada reports quarterly. The most recent call on file is dated September 16, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- NA
- Exchange
- TSX
- Country
- CA
- Sector
- Financials
- Industry
- Banks
- Calls on record
- 61
- First call
- January 7, 2020
- Most recent
- September 16, 2026
- Reporting cadence
- quarterly