Scotiabank reported Q1 2026 net income of CAD 2.3 billion and diluted EPS of CAD 1.73, with return on equity of 11.1%. On an adjusted basis, net income was CAD 2.7 billion, diluted EPS was CAD 2.05 and ROE was 13.0%. Total revenue was CAD 9.6 billion, including net interest income of CAD 5.6 billion and non-interest income of CAD 4.1 billion; provision for credit losses was CAD 1.2 billion. By segment, Canadian Banking earnings were CAD 960 million (+5%), International Banking earnings were CAD 737 million (+7%), Global Wealth Management adjusted earnings were CAD 491 million (+18%), and Global Banking and Markets earnings were CAD 544 million (+5%). The CET1 capital ratio was 13.3%. The quarter included a CAD 434 million loss on completion of the sale of Scotiabank’s banking operations in Colombia, Costa Rica and Panama (CAD 377 million after-tax), primarily reflecting the release of cumulative foreign currency translation losses, inclusive of hedges. CEO Scott Thomson said the bank posted adjusted EPS growth of 16% and adjusted positive operating leverage of 4%, and reiterated confidence in meeting its medium-term objectives, including ROE above 14% in 2027.

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