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BRIEF-Scotiabank Q1 Earnings Per Share C$1.71

Published 2019-02-26, 05:51 a/m
© Reuters.  BRIEF-Scotiabank Q1 Earnings Per Share C$1.71
BNS
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Feb 26 (Reuters) - Bank of Nova Scotia BNS.TO :

* SCOTIABANK REPORTS FIRST QUARTER RESULTS

* Q1 EARNINGS PER SHARE C$1.71

* Q1 EARNINGS PER SHARE ESTIMATE C$1.82 -- REFINITIV IBES DATA

* Q1 ADJUSTED EARNINGS PER SHARE C$1.75

* INCREASES QUARTERLY DIVIDEND BY 6 PERCENT TO C$0.87PER SHARE

* QTRLY NET INTEREST INCOME $4,274 MILLION VERSUS $3,936 MILLION

* QTRLY TOTAL REVENUE $7,604 MILLION VERSUS $7,088 MILLION

* Q1 REVENUE VIEW C$7.68 BILLION -- REFINITIV IBES DATA

* TOTAL GROSS IMPAIRED LOANS AS AT JANUARY 31, 2019 WERE $5,287 MILLION UP FROM $5,130 MILLION AS AT OCTOBER 31, 2018

* SIGNIFICANT MARKET VOLATILITY IMPACTED SOME OF CO'S BUSINESS LINES IN QUARTER

* QTRLY "CREDIT QUALITY REMAINS STRONG AND IN LINE WITH RECENT QUARTERS"

* FOR REMAINDER OF 2019, INTEGRATION OF RECENT ACQUISITIONS WILL REMAIN A KEY FOCUS FOR BANK

* QTRLY PROVISION FOR CREDIT LOSSES $688 MILLION VERSUS $544 MILLION

* BANK'S COMMON EQUITY TIER 1 CAPITAL RATIO WAS 11.1% AT JANUARY 31, 2019, FLAT WITH PRIOR QUARTER

* BANK'S QTRLY TIER 1 CAPITAL RATIO REMAINED FLAT WITH PRIOR QUARTER AT 12.5%

* LEVERAGE RATIO DECLINED BY APPROXIMATELY 10 BPS THIS QUARTER

* QTRLY RETURN ON EQUITY WAS 13.5% COMPARED TO 16.2% LAST YEAR

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