07:07 AM EST, 02/25/2026 (MT Newswires) -- National Bank of Canada ( NTIOF ) on Wednesday lodged a beat in adjusted earnings and revenues for the first quarter, citing "good performance in all business segments", as well as the inclusion of the results of Canadian Western Bank, while the bank flagged its intention to amend its normal course issuer bid

For the first quarter, National Bank reported adjusted net income of $1,320 million, up 26% from $1,050 million in the same period of 2025. It excluded specified items recorded in the first quarters of 2026 and 2025 mainly related to the acquisition of Canadian Western Bank.

Adjusted diluted earnings per share stood at $3.25 compared with $2.93 a year earlier. FactSet estimated $2.99.

It also reported a net income of $1,254 million, up 26% from $997 million in the first quarter of 2025, the increase being attributable to good performance in all business segments, as well as the inclusion of the results of CWB. Diluted earnings per share stood at $3.08, up 11% from $2.78 in the first quarter of 2025.

Total revenue climbed 21% to $3,893 million in three-month period ended on Jan. 31, ahead of the FactSet estimate of $3,739.8 million.

In Personal and Commerical, provisions for credit losses were down $23 million, mainly due to the provisions for credit losses on non-impaired loans.

The bank's board declared regular dividends on its various series of first preferred shares and a dividend of $1.24, payable on May 1, 2026 to shareholders of record on March 30, 2026.

It also authorized an amendment to its normal course issuer bid. This amendment is subject to approval by the Office of the Superintendent of Financial Institutions of Canada and the Toronto Stock Exchange.

"The first quarter marks a strong start to the year for the Bank, driven by our diversified and complementary franchises, as well as our prudent approach to capital and credit," said Laurent Ferreira, president and chief executive officer. "We are executing on our financial objectives with discipline, driving organic growth and operational efficiency as we reinforce our pan-Canadian reach, and creating long-term value for our shareholders."

Shares closed down $0.99 at $177.46 in Toronto on Tuesday.