Posts Higher Fourth-Quarter Profits
Stronger Fee Businesses and CWB Deal Shaped 2025 Finish
National Bank of Canada closed out 2025 with higher profit and a bigger payout to shareholders, capping a year defined by the Canadian Western Bank acquisition and resilient fee income.
For the fourth quarter, the bank reported net income of $1.059 billion, up 11% from a year earlier, with adjusted earnings rising 25% to $1.16 billion or $2.82 per share.
Full‑year adjusted profit climbed 21% to $4.479 billion, from $3,716 million for fiscal 2024. The quarterly dividend increased by six cents to $1.24 per share.
“With our strengthened national presence, diversified business mix, strong capital ratios and prudent credit profile, we are well‑positioned to generate continued growth and superior returns, in what will remain a complex macro‑environment,” he said.
Wealth management and capital markets drove much of the momentum.
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