ROYAL BANK OF CANADA Earnings Summary — Q2 2026

• Net Interest Income rose 5.59% YoY to 8,506 million CAD, though it marginally declined on a sequential basis.
• Non-Interest Income surged 17.48% YoY to 8,947 million CAD, reflecting strong performance in wealth and capital markets.
• The provision for credit losses (PCL) decreased significantly to 912 million CAD from 1,424 million CAD in the prior-year period.
• Total Non-Interest Expenses increased by 8.1% YoY to 9,437 million CAD, driven by compensation and tech investments.
• Net income attributable to common shareholders grew 25.56% YoY, reaching 5,507 million CAD.
• The bank maintains a robust pretax income of 7,104 million CAD despite macroeconomic headwinds and interest rate volatility.

Management emphasizes a 'client-first' digital integration strategy and cross-selling across segments, aiming for long-term ROE of 15% or higher while focusing on market share expansion through acquisitions like HSBC Canada.

Improving

Significant year-over-year profit and revenue growth, combined with lower provisions for credit losses compared to the prior year, indicates strengthening operational resilience.

RY remains focused on scaling its wealth management and capital markets footprint globally while navigating potential risks associated with the Canadian residential mortgage market and high consumer debt levels.