{ "ticker": "BNS", "cik": "0000009631", "company": "The Bank of Nova Scotia (Scotiabank)", "business_type": "bank", "schema_template": "bank: net interest income, non-interest income, provision for credit losses, non-interest expenses, net income and its attribution, EPS; loans, deposits, total assets, equity, book value per share; regulatory capital ratios; cash flow totals", "reporting_currency": "CAD", "converted_to_usd": true, "units": "actual US dollars (not millions), converted from Canadian dollars; per-share amounts in US dollars per common share; share counts in actual shares; ratios in percent", "units_notes_seen": { "Q3 2026 Report, Consolidated Statement of Financial Position": "As at ... (Unaudited) ($ millions); columns July 31 2026 | April 30 2026 | October 31 2025", "Q3 2026 Report, Consolidated Statement of Income": "For the three months ended | For the nine months ended ... (Unaudited) ($ millions); columns July 31 2026 | April 30 2026 | July 31 2025 | July 31 2026 | July 31 2025; Earnings per common share (in dollars); Dividends paid per common share (in dollars)", "Q3 2026 Report, Consolidated Statement of Cash Flows": "(Unaudited) ($ millions) | For the three months ended | For the nine months ended; columns July 31 2026 | July 31 2025 | July 31 2026 | July 31 2025", "Q3 2026 Report, Consolidated Statement of Changes in Equity": "(Unaudited) ($ millions); balance as at July 31, 2025 used for Q3 FY2025 total equity and non-controlling interests", "Q3 2026 Report, Note 16 Earnings per share": "($ millions); share counts (millions)", "Q3 2026 Report, T1 Financial highlights": "As at and for the three months ended | As at and for the nine months ended (Unaudited); ($ millions) for amounts; Shares outstanding (millions); per-share figures ($); ratios (%)", "Q3 2026 Report, T7 Impact of foreign currency translation": "Average exchange rate, U.S. dollar/Canadian dollar (US dollars per Canadian dollar)", "Q3 2026 Report, Note 2 Basis of preparation": "presented in Canadian dollars ... rounded to the nearest million unless otherwise stated", "FY2025 Consolidated Statement of Financial Position (Exhibit 99.3)": "As at October 31 ($ millions); columns 2025 | 2024", "FY2025 Consolidated Statement of Income (Exhibit 99.3)": "For the year ended October 31 ($ millions); Earnings per common share (in dollars); Dividends paid per common share (in dollars)", "FY2025 Consolidated Statement of Cash Flows (Exhibit 99.3)": "Sources (uses) of cash flows for the year ended October 31 ($ millions)", "FY2025 Note 32 Earnings per share (Exhibit 99.3)": "For the year ended October 31 ($ millions); share counts (millions)", "FY2025 Note 23(a) common shares (Exhibit 99.3)": "number of shares in actual shares; amounts ($ millions)", "FY2025 MD&A T1 Financial highlights (Exhibit 99.2)": "As at and for the years ended October 31; ($ millions) for amounts; Shares outstanding (millions); per-share ($); ratios (%)", "FY2025 MD&A T10 Impact of foreign currency translation (Exhibit 99.2)": "For the fiscal years, Average exchange rate, U.S. Dollar/Canadian Dollar" }, "adjustments": { "splits_applied": [], "adr_ratio": null, "fx": "Every money figure is converted from Canadian dollars to US dollars. Income-statement, cash-flow, per-share earnings and dividend figures use the average U.S. dollar/Canadian dollar rate the Bank itself states for that period (Q3 2026 Report table T7: 0.716 for Q3 FY2026, 0.729 for Q2 FY2026, 0.728 for Q3 FY2025, 0.722 for the nine months to July 31, 2026, 0.712 for the nine months to July 31, 2025; 2025 Annual Report table T10: 0.714 for FY2025, 0.735 for FY2024). Balance-sheet positions, book value per share and risk-weighted assets use the Federal Reserve's daily Canadian dollar rate on each period-end date. The trailing-twelve-month period uses the average Federal Reserve daily rate for that period. The rate behind each period is recorded on it under 'conversion'.", "adr": "None. BNS common shares are listed directly on the NYSE (and the TSX); there are no American Depositary Shares, so per-share figures are per common share." }, "annual": [ { "fiscal_year": 2025, "label": "FY2025", "period_start": "2024-11-01", "period_end": "2025-10-31", "period_type": "fiscal year", "source_accession": "0001193125-25-304643", "conversion": { "currency": "CAD", "average": { "cad_per_usd": 1.40056, "source": "2025 Annual Report MD&A (accession 0001193125-25-304643, Exhibit 99.2), table T10 Impact of foreign currency translation: average U.S. Dollar/Canadian Dollar rate 0.714 for fiscal 2025; applied as its reciprocal (Canadian dollars per US dollar)" }, "closing": { "cad_per_usd": 1.401, "source": "FRED DEXCAUS, rate on 2025-10-31" } }, "income_statement": { "interest_income": 41127834580, "interest_expense": 25761124122, "net_interest_income": 15366710459, "non_interest_income": 11580367853, "total_revenue": 26947078312, "provision_for_credit_losses": 3365796539, "non_interest_expenses": 16077854572, "income_before_taxes": 7503427201, "income_tax_expense": 1964214314, "net_income": 5539212886, "net_income_attributable_to_non_controlling_interests": -22134004, "net_income_attributable_to_equity_holders_of_the_bank": 5561346890, "net_income_attributable_to_preferred_and_other_equity_holders": 361284058, "net_income_attributable_to_common_shareholders": 5200062832, "basic_eps": 4.1698, "diluted_eps": 4.0484, "dividends_per_common_share": 3.0845, "net_income_attributable_to_common_shareholders_diluted": 5055120809, "weighted_average_basic_shares": 1244000000, "weighted_average_diluted_shares": 1248000000 }, "balance_sheet": { "cash_and_deposits_with_financial_institutions": 47085653105, "trading_assets": 108653104925, "securities_purchased_under_resale_agreements_and_securities_borrowed": 144902212705, "investment_securities": 107029264811, "gross_loans": 555680228408, "allowance_for_credit_losses_on_loans": 5326909350, "net_loans": 550353319058, "total_assets": 1042142755175, "total_deposits": 689706638116, "subordinated_debentures": 5490364026, "total_liabilities": 978911491792, "total_common_equity": 54908636688, "preferred_shares_and_other_equity_instruments": 7094218415, "non_controlling_interests_in_subsidiaries": 1228408280, "total_equity": 63231263383, "common_shares_outstanding": 1236305738, "book_value_per_common_share": 44.4111 }, "cash_flow": { "net_cash_from_operating_activities": 3860598618, "net_cash_from_investing_activities": 1119552179, "net_cash_from_financing_activities": -4503912721, "purchases_of_property_and_equipment_net_of_disposals": -247758040, "proceeds_from_common_shares_issued": 149940024, "common_shares_purchased_for_cancellation": -639030102, "cash_dividends_and_distributions_paid": -4194750671 }, "regulatory_capital": { "cet1_ratio_pct": 13.2, "tier1_capital_ratio_pct": 15.3, "total_capital_ratio_pct": 17.1, "leverage_ratio_pct": 4.5, "risk_weighted_assets": 338653104925 }, "performance_ratios": { "return_on_equity_pct": 9.7, "productivity_ratio_pct": 59.7, "net_interest_margin_pct": 2.33 }, "adjusted_non_gaap": { "adjusted_net_income": 6790141086, "adjusted_diluted_eps": 5.0623 } }, { "fiscal_year": 2024, "label": "FY2024", "period_start": "2023-11-01", "period_end": "2024-10-31", "period_type": "fiscal year", "source_accession": "0001193125-25-304643", "conversion": { "currency": "CAD", "average": { "cad_per_usd": 1.360544, "source": "2025 Annual Report MD&A (accession 0001193125-25-304643, Exhibit 99.2), table T10 Impact of foreign currency translation: average U.S. Dollar/Canadian Dollar rate 0.735 for fiscal 2024; applied as its reciprocal (Canadian dollars per US dollar)" }, "closing": { "cad_per_usd": 1.3939, "source": "FRED DEXCAUS, rate on 2024-10-31" } }, "income_statement": { "interest_income": 45319372251, "interest_expense": 31169149987, "net_interest_income": 14150222264, "non_interest_income": 10597231696, "total_revenue": 24747453960, "provision_for_credit_losses": 2977485476, "non_interest_expenses": 14475827316, "income_before_taxes": 7294141167, "income_tax_expense": 1493520239, "net_income": 5800620928, "net_income_attributable_to_non_controlling_interests": 98490016, "net_income_attributable_to_equity_holders_of_the_bank": 5702130912, "net_income_attributable_to_preferred_and_other_equity_holders": 346920056, "net_income_attributable_to_common_shareholders": 5355210857, "basic_eps": 4.3659, "diluted_eps": 4.3145, "dividends_per_common_share": 3.1164, "net_income_attributable_to_common_shareholders_diluted": 5319195851, "weighted_average_basic_shares": 1226000000, "weighted_average_diluted_shares": 1232000000 }, "balance_sheet": { "cash_and_deposits_with_financial_institutions": 45813903436, "trading_assets": 93067651912, "securities_purchased_under_resale_agreements_and_securities_borrowed": 143871870292, "investment_securities": 109643446445, "gross_loans": 550516536337, "allowance_for_credit_losses_on_loans": 4689002080, "net_loans": 545827534256, "total_assets": 1013004519693, "total_deposits": 677128201449, "subordinated_debentures": 5619484898, "total_liabilities": 952687423775, "total_common_equity": 52794318100, "preferred_shares_and_other_equity_instruments": 6298156252, "non_controlling_interests_in_subsidiaries": 1224621565, "total_equity": 60317095918, "common_shares_outstanding": 1244435686, "book_value_per_common_share": 42.4277 }, "cash_flow": { "net_cash_from_operating_activities": 11504221841, "net_cash_from_investing_activities": -5475750876, "net_cash_from_financing_activities": -6495931039, "purchases_of_property_and_equipment_net_of_disposals": -359415058, "proceeds_from_common_shares_issued": 1429575229, "common_shares_purchased_for_cancellation": 0.0, "cash_dividends_and_distributions_paid": -4167450667 }, "regulatory_capital": { "cet1_ratio_pct": 13.1, "tier1_capital_ratio_pct": 15, "total_capital_ratio_pct": 16.7, "leverage_ratio_pct": 4.4, "risk_weighted_assets": 332873233374 }, "performance_ratios": { "return_on_equity_pct": 10.2, "productivity_ratio_pct": 58.5, "net_interest_margin_pct": 2.16 }, "adjusted_non_gaap": { "adjusted_net_income": 6340846015, "adjusted_diluted_eps": 4.7555 } } ], "quarterly": [ { "fiscal_year": 2026, "fiscal_quarter": 3, "label": "Q3 FY2026", "period_start": "2026-05-01", "period_end": "2026-07-31", "period_type": "three months", "source_accession": "0001193125-26-364115", "conversion": { "currency": "CAD", "average": { "cad_per_usd": 1.396648, "source": "Q3 2026 Report to Shareholders (accession 0001193125-26-364115), table T7 Impact of foreign currency translation: average U.S. dollar/Canadian dollar rate 0.716 for the three months ended July 31, 2026; 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Per-share amounts are not shown for this period because weighted share counts cannot be combined this way.", "conversion": { "currency": "CAD", "average": { "cad_per_usd": 1.3852, "source": "FRED DEXCAUS, average of 250 daily rates 2025-08-01 to 2026-07-31" } }, "income_statement": { "interest_income": 39465781115, "interest_expense": 23182933872, "net_interest_income": 16282847242, "non_interest_income": 12464626047, "total_revenue": 28747473289, "provision_for_credit_losses": 3309991337, "non_interest_expenses": 15789777649, "income_before_taxes": 9647704303, "income_tax_expense": 2363557609, "net_income": 7284146694, "net_income_attributable_to_non_controlling_interests": 58475310, "net_income_attributable_to_equity_holders_of_the_bank": 7225671383, "net_income_attributable_to_preferred_and_other_equity_holders": 363846376, "net_income_attributable_to_common_shareholders": 6861825007 }, "cash_flow": { "net_cash_from_operating_activities": 5020935605, "net_cash_from_investing_activities": -586918856, "net_cash_from_financing_activities": -5612907883, "purchases_of_property_and_equipment_net_of_disposals": -456973722, "proceeds_from_common_shares_issued": 225238233, "common_shares_purchased_for_cancellation": -2016315334, "cash_dividends_and_distributions_paid": -4306959284 }, "adjusted_non_gaap": { "adjusted_net_income": 7853017615 } }, "notes": [ "Bank template: The Bank of Nova Scotia is a bank, so the record reports net interest income, non-interest income, provision for credit losses, non-interest expenses and net income, plus loans, deposits, equity, book value per share and regulatory capital ratios. Revenue less cost of sales, gross margin and free cash flow do not describe a bank and are not used.", "Sources: the current quarter (three months ended July 31, 2026), the prior quarter (three months ended April 30, 2026), the year-ago quarter (three months ended July 31, 2025) and both nine-month periods come from the Q3 2026 Report to Shareholders furnished on Form 6-K (accession 0001193125-26-364115, Exhibit 99.1). FY2025 and FY2024 come from the 2025 audited consolidated financial statements (Exhibit 99.3) and the 2025 MD&A (Exhibit 99.2) filed with the Form 40-F (accession 0001193125-25-304643).", "Statements are prepared under IFRS and presented by the Bank in Canadian dollars, rounded to millions. All money figures here are converted to US dollars as described under adjustments; percentages and share counts are not converted. Because each period is converted at its own average rate, the US-dollar quarters do not add exactly to the US-dollar nine-month figures.", "Fiscal year: the Bank's fiscal year ends October 31. Q3 FY2026 is May 1 to July 31, 2026.", "Per-share earnings: on the face of the income statement net income is attributed to non-controlling interests, to preferred shareholders and other equity instrument holders, and to common shareholders. Earnings per share is struck on the common shareholders' share. A foreign currency loss of C$22 million on redeeming Subordinated Additional Tier 1 Capital Notes in Q3 FY2025 is deducted from net income attributable to common shareholders to get the basic EPS numerator, so basic EPS for Q3 FY2025, the nine months to July 31, 2025 and FY2025 is struck on that reduced figure (C$2,291 million, C$5,157 million and C$7,261 million respectively). For diluted EPS the Bank additionally deducts the dilutive impact of share-based payment options and others (C$181 million in FY2025, C$49 million in FY2024, C$136 million in the nine months to July 31, 2025, C$9 million in the nine months to July 31, 2026). That diluted numerator is carried as net_income_attributable_to_common_shareholders_diluted, taken from Note 16 of the Q3 2026 Report and Note 32 of the 2025 financial statements; it, not the statement line, divided by weighted average diluted shares gives the reported diluted EPS.", "Q3 FY2025 balance sheet: the Q3 2026 Report's statement of financial position compares July 31, 2026 with April 30, 2026 and October 31, 2025 only. The July 31, 2025 figures shown (cash and deposits with financial institutions, trading assets, net loans, total assets, deposits, common equity, preferred shares and other equity instruments, book value per share, shares outstanding, capital ratios, risk-weighted assets) are from the report's T1 Financial highlights table; total equity and non-controlling interests at July 31, 2025 are from the statement of changes in equity. Other July 31, 2025 balance-sheet lines are not printed in this report.", "Cash flows: the Q3 2026 Report prints three-month cash flows for the quarters ended July 31, 2026 and July 31, 2025 and nine-month cash flows; it does not print cash flows for the quarter ended April 30, 2026, so Q2 FY2026 carries no cash-flow figures. Operating cash flow at a bank largely reflects movements in loans, deposits, repurchase agreements and trading balances and swings widely from quarter to quarter (an outflow of C$16,807 million in Q3 FY2026 against an inflow of C$13,144 million for the nine months).", "Capital ratios (CET1, Tier 1, Total capital, leverage) and risk-weighted assets are as the Bank reports them under OSFI's Basel III guidelines. The Bank notes that its Q3 and Q2 FY2026 ratios are calculated under OSFI's Capital Adequacy Requirements guideline of November 2025, while the October 31, 2025 ratios were calculated under the November 2023 version.", "Return on equity and productivity ratio are supplementary financial measures, and net interest margin, adjusted net income and adjusted diluted EPS are non-GAAP measures, as the Bank defines them in its Glossary and Non-GAAP Measures sections; they are taken from the T1 Financial highlights tables and are not IFRS figures. Book value per common share is likewise from the highlights tables.", "Reported FY2025 and nine-month FY2025 results include sizeable items the Bank adjusts out of its non-GAAP results, among them a net loss on divestitures (C$1,386 million for FY2025 and C$1,374 million for the nine months to July 31, 2025 in the cash flow statement); adjusted diluted EPS was C$7.09 against reported C$5.67 for FY2025.", "Trailing twelve months to July 31, 2026 is derived as FY2025 plus nine months FY2026 less nine months FY2025, in Canadian dollars, then converted; it carries income-statement, cash-flow and adjusted net income totals but no per-share or balance-sheet figures.", "Common shares outstanding: FY2025 and FY2024 use the exact year-end counts in Note 23(a) of the 2025 financial statements (1,236,305,738 and 1,244,435,686, matching the 40-F cover for 2025); the quarter-end counts are the rounded millions printed in the Q3 2026 Report's highlights table.", "No share splits occurred in the periods covered, so no per-share restatement was applied." ], "uncertainties": [ "The Bank states its average U.S. dollar/Canadian dollar rates to three decimals, so the US-dollar income-statement and cash-flow figures carry a conversion rounding of up to about 0.07%.", "Balance-sheet conversions use the Federal Reserve's daily rate on the period-end date rather than a rate stated by the Bank, which does not print a period-end rate in these documents.", "The Q3 FY2025 balance sheet is partial (see notes): total liabilities and the loan, securities and deposit detail at July 31, 2025 are not printed in the Q3 2026 Report and are left out rather than estimated." ], "headline": { "period": "Q3 FY2026", "period_end_words": "July 31, 2026", "metrics": [ { "label": "Revenue", "format": "usd", "value": 7543060241, "text": "$7.54 billion", "exact": "$7,543,060,241", "compact": "$7.54B", "abs": "$7.54 billion", "prior_value": 6905809878, "prior": "$6.91 billion", "priorabs": "$6.91 billion", "yoy": "up 9.2%", "source": { "array": "quarterly", "field": "income_statement.total_revenue", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-07-31", "period_start": "2026-05-01", "span_days": 91, "source_accession": "0001193125-26-364115", "prior_index": 2, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-07-31", "prior_period_start": "2025-05-01", "prior_span_days": 91, "prior_source_accession": "0001193125-26-364115", "gap_days": 365 } }, { "label": "Net income attributable to equity holders", "format": "usd", "value": 2082128067, "text": "$2.08 billion", "exact": "$2,082,128,067", "compact": "$2.08B", "abs": "$2.08 billion", "prior_value": 1781416485, "prior": "$1.78 billion", "priorabs": "$1.78 billion", "yoy": "up 16.9%", "source": { "array": "quarterly", "field": "income_statement.net_income_attributable_to_equity_holders_of_the_bank", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-07-31", "period_start": "2026-05-01", "span_days": 91, "source_accession": "0001193125-26-364115", "prior_index": 2, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-07-31", "prior_period_start": "2025-05-01", "prior_span_days": 91, "prior_source_accession": "0001193125-26-364115", "gap_days": 365 } }, { "label": "Diluted EPS", "format": "eps", "value": 1.6253, "text": "$1.63", "exact": "$1.63", "compact": "$1.63", "abs": "$1.63", "prior_value": 1.3395, "prior": "$1.34", "priorabs": "$1.34", "yoy": "up 21.3%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-07-31", "period_start": "2026-05-01", "span_days": 91, "source_accession": "0001193125-26-364115", "prior_index": 2, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-07-31", "prior_period_start": "2025-05-01", "prior_span_days": 91, "prior_source_accession": "0001193125-26-364115", "gap_days": 365 } }, { "label": "Return on equity", "format": "pct", "value": 14.1, "text": "14.1%", "exact": "14.1%", "compact": "14.1%", "abs": "14.1%", "prior_value": 12.2, "prior": "12.2%", "priorabs": "12.2%", "yoy": "up 1.9 points", "source": { "array": "quarterly", "field": "performance_ratios.return_on_equity_pct", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-07-31", "period_start": "2026-05-01", "span_days": 91, "source_accession": "0001193125-26-364115", "prior_index": 2, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-07-31", "prior_period_start": "2025-05-01", "prior_span_days": 91, "prior_source_accession": "0001193125-26-364115", "gap_days": 365 } } ], "summary": "The Bank of Nova Scotia (Scotiabank) reported net income attributable to equity holders of $2.08 billion, converted from Canadian dollars, for Q3 FY2026, the quarter ended July 31, 2026, up 16.9% from a year earlier, with diluted earnings per share of $1.63 against $1.34. Total revenue, net of interest expense, rose to $7.54 billion from $6.91 billion on a wider net interest margin and higher wealth-management, advisory and underwriting fees, even though the operations in Colombia, Costa Rica and Panama that the bank transferred to Davivienda had contributed revenue a year earlier. Return on equity was 14.1%, up 1.9 points from a year earlier and above the bank's medium-term target.", "qa": [ { "q": "How much revenue did Scotiabank report in Q3 FY2026?", "a": "Scotiabank (The Bank of Nova Scotia) reported total revenue, net of interest expense, of $7.54 billion for Q3 FY2026, the quarter ended July 31, 2026. That is up 9.2% from $6.91 billion in the same quarter a year earlier, with both figures converted from Canadian dollars." }, { "q": "What was Scotiabank's net income in Q3 FY2026?", "a": "Scotiabank's net income attributable to equity holders of the bank was $2.08 billion for Q3 FY2026, the quarter ended July 31, 2026, up 16.9% from $1.78 billion a year earlier, converted from Canadian dollars." }, { "q": "What were Scotiabank's earnings per share in Q3 FY2026?", "a": "Scotiabank earned diluted earnings per common share of $1.63 in Q3 FY2026, the quarter ended July 31, 2026, up 21.3% from $1.34 in the same quarter a year earlier, converted from Canadian dollars." }, { "q": "What was Scotiabank's return on equity in Q3 FY2026?", "a": "Scotiabank's return on equity was 14.1% in Q3 FY2026, the quarter ended July 31, 2026, up 1.9 points from 12.2% a year earlier and above the bank's medium-term target." } ] }, "company_details": { "Name": "Bank Of Nova Scotia", "Ticker": "BNS", "CIK": "0000009631", "Exchange": "NYSE", "State": "Ontario, Canada", "Incorporation": "Canada (Federal Level)", "SIC": "6022", "Office": "Finance", "Industry": "State Commercial Banks" }, "next_filing": { "predicted_date": "2026-12-01", "predicted_type": "40-F" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-07-31", "form": "6-K", "accession": "0001193125-26-364115", "fiscal_year_end": "1031", "source": "derived" }, "source_filings": [ { "role": "annual", "current": false, "form": "40-F", "fiscal_year": 2025, "fiscal_period": "FY", "tag": "FY25", "period_end": "2025-10-31", "filed": "2025-12-02", "accession": "0001193125-25-304643", "url": "https://www.sec.gov/Archives/edgar/data/9631/000119312525304643/d936350d40f.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "6-K", "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-07-31", "filed": "2026-08-25", "accession": "0001193125-26-364115", "url": "https://www.sec.gov/Archives/edgar/data/9631/000119312526364115/0001193125-26-364115-index.htm", "source": "derived" } ], "figure_sources": { "about": "Where each figure in this file is printed in its SEC filing. 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