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Scotiabank Grows Q3 2025 Profit 32% As Credit Provisions Ease

Scotiabank (TSX: BNS) posted Q3 2025 net income of $2.53 billion, up 32% year over year from last year’s $1.91 billion, as diluted EPS increased to $1.84 from $1.41.

The bank had a bright topline with total revenue climbing 13% to $9.49 billion from $8.36 billion. Breaking it down, net interest income rose 13% to $5.49 billion, while non-interest income grew 14% to $3.99 billion.

Provision for credit losses were $1.04 billion, down 26% sequentially and essentially flat year over year. Non-interest expenses were $5.09 billion, up 3% year over year, while income tax expense was an 84% jump to $829 million.

On an adjusted basis, net income was $2.52 billion versus $2.19 billion last year. Adjusted diluted EPS rose 15% to $1.88 from $1.63.

Year to date, reported net income was $5.55 billion versus $6.20 billion in the comparable period last year, reflecting higher PCLs of $3.60 billion versus $3.02 billion and losses related to Latin American portfolio actions, including the announced sale of operations in Colombia, Costa Rica, and Panama. On an adjusted basis, year-to-date net income rose to $6.95 billion from $6.51 billion last year.

Canadian banking delivered adjusted earnings of $959 million, down 2% year over year but up 56% sequentially on lower provisions and higher revenue. Management cited margin expansion from personal demand deposits.

International Banking generated adjusted earnings of $716 million, up 7% year over year. Global Wealth Management posted adjusted earnings of $427 million, up 13% year over year, with assets under management at $407 billion, also up 12%. Global Banking and Markets earned $473 million, up 29% year over year.

The “Other” segment’s net loss narrowed to $71 million from $465 million, and adjusted loss improved to $56 million from $201 million.

Adjusted return on equity improved to 12.4% from 11.3% a year ago. The bank’s Common Equity Tier 1 ratio strengthened to 13.3% at quarter-end, about 10 bps higher than three months earlier.

The bank announced its quarterly dividend at $1.10 per common share, similar to last quarter.

Scotiabank last traded at $79.53 on the TSX.


Information for this story was found via Sedar and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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