National Bank reports 11 pc jump in annual net profit to $2.55 million

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National Bank reports 11 pc jump in annual net profit to $2.55 million

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Click here to see other videos from our team. Try refreshing your browser, or That figure was up 11 per cent from the same period last year and went up to $2.55 per share, up 13 per cent from the $2.25 per share reported in 2021. National Bank also joined most Big Six banks in hiking its dividend, in its case by five cents or six per cent to $0.92 per share, payable Aug. 1. The bank saw the biggest increase in income in its U.S. specialty finance and international segment, which saw profit rise 18 per cent to $152 million on higher revenues that outpaced non-interest expenses and credit loss provisions. It saw profits increase by 17 per cent year over year to $289 million in its financial markets unit, by three per cent to $169 million in wealth management and by just over three per cent to $313 million in its personal and commercial banking business.