Scotiabank Reports Strong Earnings Coverage Ratios for Q2 2026
Summary
Scotiabank reported strong earnings coverage and fixed charge ratios for the twelve months ended April 30, 2026, supporting its positive second-quarter financial performance.
Key Events
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Strong Dividend Coverage
Grossed up dividend coverage on outstanding preferred shares and other equity instruments was 18.85 for the twelve months ended April 30, 2026.
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High Interest Coverage
Interest coverage on subordinated indebtedness was 39.97 for the twelve months ended April 30, 2026.
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Robust Fixed Charge Ratios
The consolidated ratio of earnings to fixed charges was 6.22 (excluding interest on deposits) and 1.37 (including interest on deposits) for the twelve months ended April 30, 2026.
Analysis
This filing provides detailed financial ratios, including robust dividend and interest coverage on subordinated indebtedness and preferred shares, as well as strong earnings to fixed charges ratios. These metrics reinforce the positive second-quarter earnings results and dividend increase announced concurrently, indicating the bank's strong financial health and ability to meet its obligations.
At the time of this filing, BNS was trading at $80.65 on NYSE in the Finance sector, with a market capitalization of approximately $99.1B. The 52-week trading range was $51.00 to $80.66. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.