MONTREAL — National Bank of Canada reported a third-quarter profit of $1.07 billion, up from $1.03 billion a year earlier.

The Montreal-based bank says the profit amounted to $2.58 per diluted share for the quarter ended July 31, compared with $2.89 per diluted share a year ago.

Revenue for the quarter totalled $3.45 billion, compared with $3.00 billion in the same quarter last year.

National Bank's provisions for credit losses in the quarter amounted to $203 million, up from $149 million.

The bank says its adjusted profit amounted to $2.68 per diluted share, unchanged from a year ago.

Analysts on average had expected an adjusted profit of $2.69 per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Aug. 27, 2025.

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