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Jul 31
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Scotiabank Q3 2025 Earnings Report
Scotiabank reported strong earnings in Q3 2025, with higher net income, EPS, and solid performance across all core business segments.
Key Takeaways
Scotiabank delivered a strong Q3 2025, driven by revenue growth and disciplined expense management. All major business segments showed year-over-year improvement in earnings, contributing to increased ROE and a stable CET1 capital ratio.
Reported net income rose to CAD 2.53 billion, up from CAD 1.91 billion last year.
Diluted EPS increased to CAD 1.84 from CAD 1.41 year-over-year.
Return on equity improved to 12.2% from 9.8% in Q3 2024.
The bank maintained a strong Common Equity Tier 1 (CET1) capital ratio of 13.3%.
Scotiabank
Scotiabank
Forward Guidance
Scotiabank expects continued strength in its diversified operations, driven by growth in core banking, wealth management, and international markets, though macroeconomic uncertainty may present headwinds.
Positive Outlook
- Revenue growth and positive operating leverage expected to continue.
- Strong capital position supports further share buybacks.
- Improved profitability across key business segments.
- Global Wealth Management expected to benefit from higher AUM.
- Solid risk management framework in place for credit performance.
Challenges Ahead
- Macroeconomic uncertainty remains a challenge, especially in international markets.
- Foreign exchange headwinds may impact reported results.
- Higher provisions in Canadian commercial portfolios may persist.
- Operating expenses remain elevated in some segments.
- Geopolitical risks and trade uncertainty may affect outlook.