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Scotiabank Q4 Earnings Soar 31% Despite Restructuring Charges

12/3/2025

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Summary

Story summary

Scotiabank reported fourth-quarter earnings of $2.2 billion, or $1.65 per share, up 31% year over year.
Results were boosted by capital markets performance in the United States, despite a $373 million restructuring charge.
Scott Thomson, Scotiabank's chief executive officer, highlighted the strategic turnaround plan and increased technology investment.
Analysts expected an adjusted profit of $1.84 per share, but results exceeded expectations amid rising mortgage delinquencies in the Greater Toronto Area.

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Story summary

Scotiabank reported fourth-quarter earnings of $2.2 billion, or $1.65 per share, up 31% year over year.
Results were boosted by capital markets performance in the United States, despite a $373 million restructuring charge.
Scott Thomson, Scotiabank's chief executive officer, highlighted the strategic turnaround plan and increased technology investment.
Analysts expected an adjusted profit of $1.84 per share, but results exceeded expectations amid rising mortgage delinquencies in the Greater Toronto Area.