The Bank of Nova Scotia (BNS) 10-Year Financial Performance & Capital Metrics

BNS • • Banking & Credit

Financial ServicesDiversified BanksRegional & Domestic Diversified BanksCanadian Diversified Banks

AboutThe Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates in four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses, including automotive financing solutions to dealers and their customers. It also provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternative funds, and institutional funds. In addition, the company offers international banking services for retail, corporate, and commercial customers; and lending and transaction, investment banking advisory, and capital markets access services to corporate customers. Further, it provides online, mobile, and telephone banking services. The company operates a network of 954 branches and approximately 3,766 automated banking machines in Canada; and approximately 1,300 branches and a network of contact and support center internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada.Show more

Net Interest Income $19.25B +5.3%
Total Revenue $29.48B -7.2%
Net Income $7.76B +4.7%
Return on Equity 9.53% -1.3%
Net Interest Margin 1.36% +5.2%
Efficiency Ratio 66.61% -33.4%
ROA 0.55% +2.4%
Equity / Assets 5.95% +6.8%
Book Value per Share 68.24 +4.4%
Tangible BV/Share 54.56 +6.9%
Debt/Equity 3.58 -10.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 5.7%
✓Trading near 52-week high
✓Trading at only 1.1x book value

✗Weaknesses

✗High debt to equity ratio of 3.6x
✗Weak NIM of 1.4%
✗Thin capital base

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.44%

5Y-0.5%

3Y-1.57%

TTM-

Profit (Net Income) CAGR

10Y0.93%

5Y-1.55%

3Y-6.93%

TTM-3.45%

EPS CAGR

10Y0.35%

5Y-2.56%

3Y-8.7%

TTM-8.61%

ROCE

10Y Avg1.77%

5Y Avg1.42%

3Y Avg1.72%

Latest1.82%

Peer Comparison

Canadian Diversified Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TDThe Toronto-Dominion Bank	157.92B	94.07	19.93	16.55%	7.42%	16.66%	33.41%	5.75
RYRoyal Bank of Canada	237.1B	169.33	15.08	18.54%	12.07%	14.12%	8.8%	6.13
BMOBank of Montreal	95.6B	134.86	14.18	15.51%	9.32%	10.05%	28.73%	4.43
CMCanadian Imperial Bank of Commerce	85.29B	92.04	12.64	15.36%	11.11%	12.93%	11.72%	5.40
BNSThe Bank of Nova Scotia	90.93B	73.55	12.55	-7.25%	26.31%	8.44%	16.68%	3.58

Profit & Loss

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Net Interest Income+	13.09B	14.29B	15.04B	16.19B	17.18B	17.32B	16.96B	18.11B	18.29B	19.25B
NII Growth %	0.06%	0.09%	0.05%	0.08%	0.06%	0.01%	-0.02%	0.07%	0.01%	0.05%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	20.29B	22.21B	23.93B	28.07B	32.78B	29.71B	24.99B	33.56B	56.82B	61.66B
Interest Expense	7.2B	7.92B	8.89B	11.88B	15.61B	12.39B	8.03B	15.44B	38.54B	42.41B
Loan Loss Provision	-7.2B	-7.92B	-8.89B	-11.88B	-15.61B	-12.39B	-8.03B	-15.44B	-38.54B	4.05B
Non-Interest Income+	3.36B	3.73B	2.82B	149M	-2.55B	1.58B	5.93B	-2.41B	-25.04B	-32.18B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	23.64B	25.94B	26.75B	28.22B	30.24B	31.29B	30.91B	31.15B	31.79B	29.48B
Revenue Growth %	0.02%	0.1%	0.03%	0.05%	0.07%	0.03%	-0.01%	0.01%	0.02%	-0.07%
Non-Interest Expense	-7.58B	-8.87B	-7.82B	-5.41B	-19.37B	-22.97B	-18.42B	-3.03B	31.79B	19.64B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	16.06B	17.06B	18.93B	22.81B	10.86B	8.32B	12.49B	28.12B	8.69B	13.18B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.02%	0.06%	0.11%	0.2%	-0.52%	-0.23%	0.5%	1.25%	-0.69%	0.52%
Pretax Income+	9.07B	9.4B	10.28B	11.11B	11.27B	8.4B	12.83B	12.93B	9.75B	9.92B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.85B	2.03B	2.03B	2.38B	2.47B	1.54B	2.87B	2.76B	2.23B	2.03B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	7.01B	7.12B	8.01B	8.55B	8.39B	6.78B	9.62B	9.92B	7.41B	7.76B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.01%	0.01%	0.12%	0.07%	-0.02%	-0.19%	0.42%	0.03%	-0.25%	0.05%
Net Income (Continuing)	6.81B	6.95B	7.84B	8.16B	8.15B	6.61B	9.62B	9.91B	7.53B	7.89B
EPS (Diluted)+	5.67	5.77	6.49	6.96	6.67	5.30	7.70	8.02	5.81	5.86
EPS Growth %	0%	0.02%	0.12%	0.07%	-0.04%	-0.21%	0.45%	0.04%	-0.28%	0.01%
EPS (Basic)	5.70	5.80	6.55	7.05	6.72	5.43	7.74	8.05	5.84	5.94
Diluted Shares Outstanding	1.23B	1.23B	1.22B	1.23B	1.25B	1.24B	1.23B	1.21B	1.2B	1.23B

Balance Sheet

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	73.93B	46.34B	59.66B	62.27B	46.72B	76.46B	86.32B	65.89B	90.31B	63.86B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	151.58B	196.27B	200.94B	217.6B	236.38B	263.39B	249.73B	269.6B	281B	321.04B
Investments Growth %	-0.04%	0.29%	0.02%	0.08%	0.09%	0.11%	-0.05%	0.08%	0.04%	0.14%
Long-Term Investments	128.37B	166.58B	155.02B	169.19B	201.63B	223.35B	216B	216.19B	230.49B	276.73B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	7.01B	7.38B	7.24B	10.01B	9.63B	9.28B	8.85B	8.87B	9.18B	8.96B
Intangible Assets	4.43B	4.76B	4.86B	7.71B	7.83B	7.74B	7.76B	7.96B	8.01B	7.89B
PP&E (Net)	2.29B	2.52B	2.38B	2.68B	2.67B	5.9B	5.62B	5.7B	5.64B	5.25B
Other Assets	-142.1B	-2.02B	-169.51B	-1.94B	-1.57B	-2.19B	-2.05B	-1.9B	1.15T	991.94B
Total Current Assets	101.93B	81.29B	110.78B	118.16B	89.25B	125.2B	129.13B	132.69B	154.84B	121.25B
Total Non-Current Assets	142.1B	181.24B	169.51B	189.59B	221.77B	246.26B	238.23B	238.72B	1.41T	1.29T
Total Assets+	856.5B	896.27B	915.27B	998.49B	1.09T	1.14T	1.18T	1.35T	1.41T	1.41T
Asset Growth %	0.06%	0.05%	0.02%	0.09%	0.09%	0.05%	0.04%	0.14%	0.05%	0%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	7.34B	7.99B	8.84B	9.4B	9.2B	8.31B	8.92B	12.56B	16.98B	16.77B
Total Debt+	7.67B	9.09B	10.6B	13.89B	19.49B	7.41B	245.66B	310.86B	313.81B	300.67B
Net Debt	-66.26B	-37.25B	-49.06B	-48.38B	-27.23B	-69.06B	159.34B	244.96B	223.5B	236.81B
Long-Term Debt	7.67B	9.09B	10.6B	13.89B	140.24B	155.17B	158.27B	177.43B	190.68B	194.31B
Short-Term Debt	0	0	0	0	0	0	83.98B	130.11B	119.93B	103.38B
Other Liabilities	-7.67B	-9.09B	-10.6B	-13.89B	-140.24B	-158.65B	-161.68B	-180.75B	450.51B	93.29B
Total Current Liabilities	122.08B	105.12B	102.48B	102.76B	122.72B	65.61B	92.9B	142.67B	649.64B	722.1B
Total Non-Current Liabilities	122.08B	105.12B	102.48B	102.76B	20.79B	8.48B	162.83B	142.67B	644.4B	291.97B
Total Liabilities	803.02B	838.45B	853.65B	930.81B	1.02T	1.07T	1.11T	1.27T	1.33T	1.33T
Total Equity+	53.48B	57.82B	61.63B	67.68B	70.19B	70.5B	72.89B	74.75B	78.67B	84.08B
Equity Growth %	0.09%	0.08%	0.07%	0.1%	0.04%	0%	0.03%	0.03%	0.05%	0.07%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.14%	0.13%	0.13%	0.13%	0.12%	0.1%	0.13%	0.13%	0.1%	0.1%
Book Value per Share	43.41	47.16	50.39	55.07	56.11	56.72	59.50	61.88	65.34	68.24
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	15.14B	15.51B	15.64B	18.23B	18.26B	18.24B	18.51B	18.71B	20.11B	22.05B
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	31.32B	34.75B	38.12B	41.41B	44.44B	46.34B	51.35B	53.76B	55.75B	57.75B
Accumulated OCI	2.63B	2.39B	1.69B	1.4B	935M	-1.76B	-5.11B	-7.32B	-7B	-6.21B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	2.93B	3.59B	4.58B	4.18B	3.88B	5.31B	6.05B	8.07B	8.07B	8.78B

Cash Flow

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Cash from Operations+	13.85B	4.1B	16.58B	17.81B	-12.03B	56.66B	-12.81B	16.94B	11.47B	15.65B
Operating CF Growth %	1.8%	-0.7%	3.05%	0.07%	-1.68%	5.71%	-1.23%	2.32%	-0.32%	0.36%
Net Income	7.21B	7.37B	8.24B	8.72B	8.8B	6.85B	9.96B	10.17B	7.53B	7.76B
Depreciation & Amortization	584M	684M	761M	848M	1.05B	1.55B	1.51B	1.53B	1.82B	1.76B
Deferred Taxes	1.85B	2.03B	2.03B	2.38B	2.47B	1.54B	2.87B	2.76B	2.23B	2.03B
Other Non-Cash Items	-1.15B	148M	872M	93M	-90M	3B	-967M	-594M	4.31B	2.2B
Working Capital Changes	5.33B	-6.14B	4.67B	5.76B	-24.27B	43.72B	-26.18B	3.06B	-4.83B	1.89B
Cash from Investing+	-13.52B	-2.75B	-12.54B	-13.72B	15.22B	-56.46B	14.7B	-11.29B	-30.04B	-7.45B
Purchase of Investments	-44.68B	-94.44B	-64.56B	-91.9B	-89.02B	-147.63B	-72.26B	-97.74B	-100.92B	-108.28B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-701M	-1.05B	229M	-3.86B	20M	3.94B	-717M	-549M	895M	0
Other Investing	-9.5B	28.02B	-385M	-1.89B	17.45B	-31.03B	-15.63B	24.43B	-24.45B	24.53B
Cash from Financing+	263M	-1.2B	-2.93B	-2.87B	-1.29B	28.13B	-2.78B	-4.58B	16.71B	-8.84B
Dividends Paid	-3.41B	-3.6B	-3.8B	-4.17B	-4.44B	-4.56B	-4.6B	-5.12B	-5.42B	-5.67B
Share Repurchases	-955M	-770M	-1.58B	-1.33B	-1.38B	-679M	-1.26B	-3.37B	0	0
Stock Issued	101M	1.74B	313M	2.13B	255M	59M	2.27B	137M	1.4B	1.95B
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K
Other Financing	14.63B	7.32B	29.59B	41.07B	63.5B	33.45B	1.91B	-506M	19.69B	-3.26B
Net Change in Cash+	896M	131M	970M	1.17B	1.91B	219M	-1.43B	1.37B	-892M	-767M
Exchange Rate Effect	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K
Cash at Beginning	5.83B	6.72B	6.86B	7.83B	9B	10.9B	11.12B	9.69B	11.06B	10.17B
Cash at End	6.72B	6.86B	7.83B	9B	10.9B	11.12B	9.69B	11.06B	10.17B	9.41B
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	13.56B	3.75B	2.58B	17.39B	-12.21B	55.89B	-13.27B	16.37B	31.28B	15.16B
FCF Growth %	1.91%	-0.72%	-0.31%	5.74%	-1.7%	5.58%	-1.24%	2.23%	0.91%	-0.52%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	13.66%	12.79%	13.4%	13.22%	12.17%	9.63%	13.42%	13.43%	9.66%	9.53%
Return on Assets (ROA)	0.84%	0.81%	0.88%	0.89%	0.8%	0.61%	0.83%	0.78%	0.54%	0.55%
Net Interest Margin	1.53%	1.59%	1.64%	1.62%	1.58%	1.52%	1.43%	1.34%	1.3%	1.36%
Efficiency Ratio	-32.07%	-34.21%	-29.23%	-19.17%	-64.08%	-73.41%	-59.58%	-9.73%	100%	66.61%
Equity / Assets	6.24%	6.45%	6.73%	6.78%	6.46%	6.2%	6.15%	5.54%	5.58%	5.95%
Book Value / Share	43.41	47.16	50.39	55.07	56.11	56.72	59.5	61.88	65.34	68.24
NII Growth	6.4%	9.17%	5.2%	7.69%	6.09%	0.83%	-2.07%	6.8%	0.95%	5.28%
Dividend Payout	48.56%	50.56%	47.43%	48.81%	52.94%	67.26%	47.84%	51.61%	73.17%	67%

Revenue by Segment

	2018	2019	2020	2021
Trading Related Revenue NonTEB	-	-	2.41B	2.03B
Trading Related Revenue NonTEB Growth	-	-	-	-15.68%

Revenue by Geography

	2018	2019	2020	2021
Caribbean And Central America	-	69M	55M	-
Caribbean And Central America Growth	-	-	-20.29%	-
PERU	9M	7M	5M	-
PERU Growth	-	-22.22%	-28.57%	-
CHILE	-	-	3M	-
CHILE Growth	-	-	-	-
CANADA	93M	65M	-15M	-
CANADA Growth	-	-30.11%	-123.08%	-

Frequently Asked Questions

Valuation & Price

The Bank of Nova Scotia (BNS) has a price-to-earnings (P/E) ratio of 12.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

The Bank of Nova Scotia (BNS) saw revenue decline by 7.2% over the past year.

Yes, The Bank of Nova Scotia (BNS) is profitable, generating $7.21B in net income for fiscal year 2024 (26.3% net margin).

Dividend & Returns

Yes, The Bank of Nova Scotia (BNS) pays a dividend with a yield of 5.74%. This makes it attractive for income-focused investors.

The Bank of Nova Scotia (BNS) has a return on equity (ROE) of 9.5%. This is below average, suggesting room for improvement.

Industry Metrics

The Bank of Nova Scotia (BNS) has a net interest margin (NIM) of 1.4%. NIM has been under pressure due to interest rate environment.

The Bank of Nova Scotia (BNS) has an efficiency ratio of 66.6%. This is higher than peers, suggesting room for cost optimization.

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