TORONTO \u2014 Royal Bank of Canada reported a first-quarter profit of $5.79 billion, up from $5.13 billion a year earlier.<\/p>\n
The bank said Thursday the profit amounted to $4.03 per diluted share for the quarter ended Jan. 31, up from $3.54 per diluted share a year earlier.<\/p>\n
Revenue totalled $17.96 billion, up from $16.74 billion.<\/p>\n
RBC’s provision for credit losses for the quarter amounted to $1.09 billion, up from $1.05 billion a year earlier.<\/p>\n
On an adjusted basis, the bank says it earned $4.08 per diluted share in its latest quarter, up from an adjusted profit of $3.62 per diluted share a year earlier.<\/p>\n
The average analyst estimate had been for an adjusted profit of $3.85 per share, according to LSEG Data & Analytics.<\/p>\n
RBC chief executive Dave McKay said the bank entered the 2026 financial year in a position of strength.<\/p>\n
“We carried this momentum into our first quarter, reporting record results underpinned by strong earnings growth, our robust balance sheet and capital position,” McKay said in a statement.<\/p>\n
RBC said its personal banking business earned $1.96 billion in the quarter, up from $1.68 billion a year earlier, helped by higher net interest income and non-interest income.<\/p>\n
The bank says its commercial banking business earned $863 million in the quarter, up from $777 million a year earlier.<\/p>\n
RBC’s wealth management earned $1.30 billion, up from $980 million a year ago, helped by higher fee-based client assets reflecting market appreciation and net sales, while the bank’s insurance business earned $213 million, down from $272 million a year earlier.<\/p>\n
The bank’s capital markets business earned $1.48 billion, up from $1.43 billion a year earlier.<\/p>\n
This report by The Canadian Press was first published Feb. 26, 2026.<\/p>\n
Companies in this story: (TSX:RY)<\/p>\n
The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"TORONTO \u2014 Royal Bank of Canada reported a first-quarter profit of $5.79 billion, up from $5.13 billion a…\n","protected":false},"author":2,"featured_media":501558,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48,17762,3916],"class_list":["post-501557","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada","tag-diluted-share","tag-royal-bank-of-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/501557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=501557"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/501557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/501558"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=501557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=501557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=501557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}