Scotiabank reports $2.21B Q4 profit up from $1.69B a year ago

Scotiabank says it earned $2.21 billion in net income for its fourth quarter, up from $1.69 billion in the same quarter last year. The bank says the profit amounted to $1.65 per diluted share for the quarter ended Oct. 31, up from $1.22 per diluted share in the same period a year ago. Revenue totalled $9.80 billion, up from $8.53 billion in the same quarter last year. The bank’s provision for credit losses amounted to $1.11 billion for the quarter, up from $1.03 billion a year ago. On an adjusted basis, Scotiabank says it earned $1.93 per diluted share in its latest quarter, up from an adjusted profit of $1.57 per diluted share a year ago. Analysts on average had expected an adjusted profit of $1.84, according to estimates compiled by LSEG Data & Analytics. This report by The Canadian Press was first published Dec. 2, 2025.