Scotiabank Unveils Fourth Quarter and 2025 Financial Results
Scotiabank has reported its financial results for the fiscal year ending October 31, 2025. The bank detailed its earnings performance in a conference call conducted on December 2, 2025, and shared various insights regarding its fourth quarter and overall financial highlights.
Fiscal 2025 Results Overview
For the fiscal year 2025, Scotiabank recorded a net income of $7.758 billion, representing a slight decrease from $7.892 billion in fiscal 2024. The bank’s diluted earnings per share (EPS) fell to $5.67 from $5.87.
On an adjusted basis, Scotiabank reported a net income of $9.510 billion for 2025, an increase from the previous year’s $8.627 billion. Adjusted diluted EPS rose to $7.09 from $6.47.
Fourth Quarter Highlights
- Net Income: The bank achieved a net income of $2.206 billion, a significant increase from $1.689 billion in Q4 2024.
- EPS: Q4 diluted EPS was $1.65, up from $1.22 year-over-year.
- Return on Equity: The return on equity for Q4 rose to 11.0%, compared to 8.3% in Q4 2024.
Key Financial Metrics
Throughout fiscal 2025, several key metrics showed improvement:
- Reported Return on Equity: Decreased to 9.7% from 10.2% in 2024.
- Adjusted Return on Equity: Increased to 11.8%, up from 11.3% in 2024.
Performance by Business Unit
Scotiabank’s business segments generated varied results reflecting their unique market conditions:
- Canadian Banking: Reported adjusted earnings of $3.428 billion, a decline of 9% due to increased provisions for credit losses.
- International Banking: Adjusted earnings grew to $2.809 billion, up 2% year-over-year.
- Global Wealth Management: Saw earnings rise to $1.706 billion, reflecting a 17% increase driven by growth in mutual fund and brokerage revenues.
- Global Banking and Markets: Achieved a 30% jump in earnings to $1.921 billion from successful capital markets and advisory fees growth.
Future Outlook
President and CEO Scott Thomson expressed optimism, highlighting the bank’s focus on strengthening its balance sheet, improving profitability, and achieving strategic objectives. The bank’s CET1 capital ratio stood at 13.2%, indicating robust capital management and readiness for future growth opportunities.
Overall, Scotiabank’s financial results for 2025 reflect a strong operational performance amidst challenging market conditions. The bank is poised for further progress as it continues to implement its strategic initiatives in 2026 and beyond.
