National Bank of Canada
National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers banking, financing, and investing services to individuals, adv… Read more
National Bank of Canada (NTIOF) - Net Assets
Latest net assets as of October 2025: $189.44 Billion USD
Based on the latest financial reports, National Bank of Canada (NTIOF) has net assets worth $189.44 Billion USD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($576.92 Billion) and total liabilities ($387.48 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $189.44 Billion |
| % of Total Assets | 32.84% |
| Annual Growth Rate | 9.21% |
| 5-Year Change | 80.76% |
| 10-Year Change | 149.07% |
| Growth Volatility | 171.62 |
National Bank of Canada - Net Assets Trend (1993–2025)
This chart illustrates how National Bank of Canada's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for National Bank of Canada (1993–2025)
The table below shows the annual net assets of National Bank of Canada from 1993 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | $33.77 Billion | +32.17% |
| 2024-10-31 | $25.55 Billion | +8.34% |
| 2023-10-31 | $23.58 Billion | +8.45% |
| 2022-10-31 | $21.75 Billion | +16.40% |
| 2021-10-31 | $18.68 Billion | +14.03% |
| 2020-10-31 | $16.38 Billion | +8.24% |
| 2019-10-31 | $15.14 Billion | +5.44% |
| 2018-10-31 | $14.36 Billion | -81.45% |
| 2017-12-31 | $77.39 Billion | +470.81% |
| 2017-10-31 | $13.56 Billion | -82.17% |
| 2016-12-31 | $76.05 Billion | +528.41% |
| 2016-10-31 | $12.10 Billion | -83.90% |
| 2015-12-31 | $75.18 Billion | +562.10% |
| 2015-10-31 | $11.36 Billion | -83.98% |
| 2014-12-31 | $70.90 Billion | +575.11% |
| 2014-10-31 | $10.50 Billion | +17.30% |
| 2013-10-31 | $8.95 Billion | +8.65% |
| 2012-10-31 | $8.24 Billion | +9.79% |
| 2011-10-31 | $7.50 Billion | +0.59% |
| 2010-10-31 | $7.46 Billion | -2.78% |
| 2009-10-31 | $7.67 Billion | +1.80% |
| 2008-10-31 | $7.54 Billion | +34.68% |
| 2007-10-31 | $5.60 Billion | +4.34% |
| 2006-10-31 | $5.36 Billion | +5.51% |
| 2005-10-31 | $5.08 Billion | +11.15% |
| 2004-10-31 | $4.57 Billion | +1.76% |
| 2003-10-31 | $4.50 Billion | +2.46% |
| 2002-10-31 | $4.39 Billion | -4.69% |
| 2001-10-31 | $4.60 Billion | +7.15% |
| 2000-10-31 | $4.30 Billion | +14.74% |
| 1999-10-31 | $3.74 Billion | +16.35% |
| 1998-10-31 | $3.22 Billion | -0.25% |
| 1997-10-31 | $3.23 Billion | +26.96% |
| 1996-10-31 | $2.54 Billion | +7.62% |
| 1995-10-31 | $2.36 Billion | -0.01% |
| 1994-10-31 | $2.36 Billion | +17.33% |
| 1993-10-31 | $2.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to National Bank of Canada's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3044.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $14.53 Billion | 60.31% |
| Common Stock | $7.04 Billion | 29.21% |
| Other Comprehensive Income | $204.75 Million | 0.85% |
| Other Components | $2.32 Billion | 9.63% |
| Total Equity | $24.09 Billion | 100.00% |
National Bank of Canada Competitors by Market Cap
The table below lists competitors of National Bank of Canada ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kotak Mahindra Bank Limited
NSE:KOTAKBANK
|
$31.22 Billion |
|
ESSILORLUXOTTICA 1/2/O.N.
F:ESLC
|
$31.26 Billion |
|
Japan Tobacco Inc
PINK:JAPAF
|
$31.32 Billion |
|
United Overseas Bank Limited
PINK:UOVEF
|
$31.36 Billion |
|
Daikin IndustriesLtd
PINK:DKILF
|
$30.85 Billion |
|
BLOCK INC. CDI/1/1
F:F8O
|
$30.83 Billion |
|
Celestica Inc.
NYSE:CLS
|
$30.74 Billion |
|
Ameren Corp
NYSE:AEE
|
$30.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Bank of Canada's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 25,550,000,000 to 24,090,805,000, a change of -1,459,195,000 (-5.7%).
- Net income of 2,865,728,000 contributed positively to equity growth.
- Dividend payments of 1,392,556,800 reduced retained earnings.
- Share repurchases of 365,974,200 reduced equity.
- New share issuances of 88,000,000 increased equity.
- Other comprehensive income decreased equity by 14,254,000.
- Other factors decreased equity by 2,640,138,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.87 Billion | +11.9% |
| Dividends Paid | $1.39 Billion | -5.78% |
| Share Repurchases | $365.97 Million | -1.52% |
| Share Issuances | $88.00 Million | +0.37% |
| Other Comprehensive Income | $-14.25 Million | -0.06% |
| Other Changes | $-2.64 Billion | -10.96% |
| Total Change | $- | -5.71% |
Book Value vs Market Value Analysis
This analysis compares National Bank of Canada's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.26x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.98x to 1.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-10-31 | $6.65 | $79.65 | x |
| 1994-10-31 | $7.12 | $79.65 | x |
| 1995-10-31 | $7.01 | $79.65 | x |
| 1996-10-31 | $7.56 | $79.65 | x |
| 1997-10-31 | $8.04 | $79.65 | x |
| 1998-10-31 | $7.79 | $79.65 | x |
| 1999-10-31 | $7.01 | $79.65 | x |
| 2000-10-31 | $9.99 | $79.65 | x |
| 2001-10-31 | $10.79 | $79.65 | x |
| 2002-10-31 | $10.39 | $79.65 | x |
| 2003-10-31 | $11.43 | $79.65 | x |
| 2004-10-31 | $12.13 | $79.65 | x |
| 2005-10-31 | $13.60 | $79.65 | x |
| 2006-10-31 | $14.46 | $79.65 | x |
| 2007-10-31 | $14.38 | $79.65 | x |
| 2008-10-31 | $17.30 | $79.65 | x |
| 2009-10-31 | $20.13 | $79.65 | x |
| 2010-10-31 | $19.71 | $79.65 | x |
| 2011-10-31 | $22.33 | $79.65 | x |
| 2012-10-31 | $22.16 | $79.65 | x |
| 2013-10-31 | $24.86 | $79.65 | x |
| 2014-10-31 | $29.32 | $79.65 | x |
| 2015-10-31 | $31.68 | $79.65 | x |
| 2016-10-31 | $33.22 | $79.65 | x |
| 2017-10-31 | $36.98 | $79.65 | x |
| 2018-10-31 | $40.72 | $79.65 | x |
| 2019-10-31 | $43.77 | $79.65 | x |
| 2020-10-31 | $48.52 | $79.65 | x |
| 2021-10-31 | $54.80 | $79.65 | x |
| 2022-10-31 | $63.80 | $79.65 | x |
| 2023-10-31 | $69.48 | $79.65 | x |
| 2024-10-31 | $74.37 | $79.65 | x |
| 2025-10-31 | $62.99 | $79.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Bank of Canada utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.90%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.31%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 23.95x
- Recent ROE (11.90%) is below the historical average (13.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 8.86% | 8.93% | 0.05x | 21.67x | $-22.56 Million |
| 1994 | 9.37% | 10.47% | 0.05x | 19.32x | $-14.50 Million |
| 1995 | 10.54% | 11.46% | 0.04x | 21.04x | $12.50 Million |
| 1996 | 12.73% | 13.58% | 0.04x | 21.26x | $68.10 Million |
| 1997 | 12.39% | 12.83% | 0.04x | 24.00x | $66.00 Million |
| 1998 | 11.73% | 11.96% | 0.04x | 26.22x | $46.50 Million |
| 1999 | 12.63% | 15.27% | 0.04x | 21.15x | $86.90 Million |
| 2000 | 13.30% | 14.97% | 0.04x | 19.81x | $126.20 Million |
| 2001 | 13.68% | 16.90% | 0.04x | 18.46x | $151.40 Million |
| 2002 | 11.00% | 12.19% | 0.05x | 19.12x | $38.90 Million |
| 2003 | 15.23% | 17.63% | 0.04x | 20.12x | $214.30 Million |
| 2004 | 17.25% | 19.94% | 0.04x | 21.12x | $304.60 Million |
| 2005 | 18.60% | 22.89% | 0.03x | 23.49x | $395.30 Million |
| 2006 | 18.19% | 22.65% | 0.03x | 24.39x | $392.20 Million |
| 2007 | 11.67% | 15.80% | 0.03x | 24.39x | $77.30 Million |
| 2008 | 14.09% | 21.91% | 0.03x | 23.48x | $225.10 Million |
| 2009 | 13.19% | 20.67% | 0.03x | 20.40x | $206.30 Million |
| 2010 | 16.06% | 24.17% | 0.03x | 24.03x | $390.10 Million |
| 2011 | 16.68% | 26.66% | 0.03x | 22.74x | $490.40 Million |
| 2012 | 21.62% | 30.97% | 0.03x | 24.64x | $839.00 Million |
| 2013 | 17.79% | 28.21% | 0.03x | 23.11x | $634.70 Million |
| 2014 | 15.13% | 27.02% | 0.03x | 21.16x | $498.30 Million |
| 2014 | 4.89% | 10.12% | 0.04x | 11.30x | $-3.62 Billion |
| 2015 | 14.68% | 27.19% | 0.03x | 20.47x | $493.60 Million |
| 2015 | 8.15% | 17.43% | 0.04x | 10.47x | $-1.39 Billion |
| 2016 | 10.46% | 19.62% | 0.03x | 20.56x | $51.80 Million |
| 2016 | 7.86% | 17.26% | 0.04x | 10.72x | $-1.63 Billion |
| 2017 | 15.22% | 29.54% | 0.03x | 19.28x | $665.00 Million |
| 2017 | 7.90% | 16.10% | 0.04x | 11.01x | $-1.63 Billion |
| 2018 | 15.35% | 30.06% | 0.03x | 18.78x | $747.40 Million |
| 2019 | 15.27% | 30.90% | 0.03x | 19.05x | $778.20 Million |
| 2020 | 12.46% | 25.85% | 0.02x | 20.25x | $403.00 Million |
| 2021 | 16.81% | 35.27% | 0.03x | 19.04x | $1.27 Billion |
| 2022 | 15.56% | 35.18% | 0.02x | 18.57x | $1.21 Billion |
| 2023 | 14.09% | 34.15% | 0.02x | 17.89x | $969.40 Million |
| 2024 | 14.94% | 35.24% | 0.02x | 18.09x | $1.26 Billion |
| 2025 | 11.90% | 9.31% | 0.05x | 23.95x | $456.65 Million |
Industry Comparison
This section compares National Bank of Canada's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $245,254,219,103
- Average return on equity (ROE) among peers: 10.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National Bank of Canada (NTIOF) | $189.44 Billion | 8.86% | 2.05x | $31.06 Billion |
| ABN AMRO Bank N.V (AAVMY) | $27.04 Billion | 8.33% | 14.28x | $11.03 Billion |
| Agricultural Bank of China PK (ACGBY) | $290.54 Billion | 17.72% | 23.14x | $259.69 Billion |
| ANZ Group Holdings Limited (ANZGY) | $70.02 Billion | 10.15% | 14.79x | $48.69 Billion |
| Bank of America Corp (BAC) | $270.07 Billion | 11.84% | 10.74x | $336.44 Billion |
| Bank of China Ltd H (BACHF) | $861.54 Billion | 16.21% | 13.72x | $77.92 Billion |
| Banco Bilbao Vizcaya Argentaria S.A (BBVXF) | $4.73 Billion | 9.43% | 14.29x | $81.72 Billion |
| Banco Santander S.A (BCDRF) | $73.87 Billion | 12.11% | 14.03x | $86.81 Billion |
| Barclays PLC (BCLYF) | $808.57 Billion | 0.43% | 0.14x | $42.51 Billion |
| Bancorp. of Southern Indiana (BCSO) | $46.62 Million | 6.99% | 9.62x | $74.68 Million |
| The Bank of New York Mellon Corporation (BK) | $46.12 Billion | 7.84% | 9.18x | $79.06 Billion |