#Scotiabank Q4 FY2024 #EarningsReport Summary | $BNS (-0.23%)

In Q4 FY2024, Scotiabank demonstrated solid performance, achieving revenue growth and improved profitability compared to the same quarter last year. These results reflect progress in strategic priorities, including operational efficiencies and targeted growth in North America.

📊 Income Statement Highlights (vs. Q4 FY2023):

▫️Net Income: $1.23B vs $0.99B (+24.74%)

▫️Total Revenue: $6.23B vs $6.04B (+3.07%)

▫️Adjusted EPS: $1.15 vs $0.90 (+27.64%)

▫️Net Interest Income: $3.59B vs $3.41B (+5.36%)

▫️Non-Interest Income: $2.63B, steady (-0.08%)

▫️Provision for Credit Losses: $0.75B vs $0.92B (-17.98%)

▫️Canadian Banking Net Income: $0.77B (+34.00%)

📄 Balance Sheet Highlights (vs. Oct. 31, 2023):

▫️Total Assets: $1030.78B (-0.08%)

▫️Total Liabilities: $969.40B (+0.67%)

▫️Common Equity Tier 1 (CET1) Ratio: 13.1% (vs. 13.0%)

▫️Assets Under Administration: $513.92B (+15.41%)

▫️Assets Under Management: $272.29B (+17.72%)

🔮 Future Outlook:

Scotiabank will focus on leveraging its capital base to drive growth in strategic markets, prioritizing North America while managing risks related to global economic uncertainty.