National Bank Q4 adjusted EPS beats estimates on strong wealth management performance

National Bank of Canada

03/12/2025 11:47

Overview

Canada's National Bank Q4 adjusted EPS and total revenue beats analyst expectations

Adjusted net income for Q4 rises 25% yr/yr to C$1,159 mln

Company raises quarterly dividend by 6 cents to C$1.24 per share

Outlook

National Bank of Canada did not provide specific financial guidance for the upcoming quarter or year

Result Drivers

REVENUE GROWTH - Co attributes 11% increase in net income to revenue growth across all business segments

CWB ACQUISITION IMPACT - Acquisition of CWB contributed to 25% rise in adjusted net income

SEGMENT PERFORMANCE - Strong performance in Wealth Management and Capital Markets segments drove annual adjusted net income growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Total Revenue
Beat
C$3.70 bln
C$3.45 bln (9 Analysts)
Q4 Adjusted EPS
Beat
C$2.82
C$2.62 (13 Analysts)
Q4 EPS
C$2.57
Q4 Adjusted Net Income
C$1.16 bln
Q4 Net Income
C$1.06 bln
Q4 Adjusted Credit Loss Provision
C$244 mln
Q4 CET1 Capital Ratio
13.80%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for National Bank of Canada is C$166.00, about 3% below its December 2 closing price of C$171.12

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nCNWNDhcfa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)