The Bank of Nova Scotia reported $2.30 billion in first-quarter net income, up from $993 million a year earlier.
The bank says the profit amounted to $1.73 per diluted share for the quarter ended Jan. 31, up from 66 cents per diluted share in the same period a year earlier.
Revenue totalled $9.65 billion, up from $9.37 billion.
Scotiabank says its provision for credit losses was $1.18 billion for the quarter, up from $1.16 billion a year earlier.
On an adjusted basis, Scotiabank says it earned $2.05 per diluted share in its latest quarter, up from $1.76 a year earlier.
The average analyst estimate had been for an adjusted profit of $1.95 per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Feb. 24, 2026.
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