MONTREAL — National Bank of Canada reported a second-quarter profit of $1.23 billion, up from $896 million a year ago, and raised its dividend.

The Montreal-based bank says it will now pay a quarterly dividend of $1.32 per share, an increase of eight cents per share.

National Bank says its second-quarter profit amounted to $3.06 per diluted share for the quarter ended April 30 compared with $2.17 per diluted share a year ago.

Revenue for the quarter totalled $3.91 billion, up from $3.65 billion in the same quarter last year, while the bank’s provision for credit losses amounted to $233 million, down from $545 million a year ago.

On an adjusted basis, National Bank says it earned $3.23 per diluted share in its latest quarter, up from an adjusted profit of $2.85 per diluted share a year ago.

Analysts on average had expected an adjusted profit of $3.13 per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published May 27, 2026.

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The Canadian Press