BANK OF NOVA SCOTIA

The Bank of Nova Scotia filed a Form 6-K on June 5, 2026, to furnish legal opinions from its U.S. and Canadian counsel. The opinions were provided by Allen Overy Shearman Sterling US LLP and Osler, Hoskin & Harcourt LLP, respectively. These filings typically support a larger corporate action, such as a securities offering, ensuring compliance with regulatory requirements.

The Bank of Nova Scotia reported its consolidated capitalization as of April 30, 2026, totaling C$94,348 million. This includes C$77,222 million in total common equity and C$9,939 million in preferred shares and other equity instruments. The bank also provided consolidated earnings ratios for the six months ended April 30, 2026, with the ratio of earnings to fixed charges (excluding deposits) at 6.49 and including deposits at 1.40.

The Bank of Nova Scotia reported its earnings coverage ratios for the twelve months ended April 30, 2026, in accordance with regulatory requirements. The interest coverage on subordinated indebtedness was a robust 39.97 times, while the grossed-up dividend coverage on preferred shares and other equity instruments stood at 18.85 times. The combined grossed-up dividend and interest coverage was 13.03 times, indicating strong financial health. Additionally, the bank's consolidated ratios of earnings to fixed charges were 6.22 (excluding interest on deposits) and 1.37 (including interest on deposits).

The Bank of Nova Scotia's President and CEO, L. Scott Thomson, and Group Head and CFO, Rajagopal Viswanathan, have certified the interim financial report and interim MD&A for the period ended April 30, 2026. They affirmed that the filings contain no material misrepresentations and fairly present the company's financial condition, performance, and cash flows. Both officers also confirmed their responsibility for designing and maintaining disclosure controls and procedures (DC&P) and internal control over financial reporting (ICFR), with ICFR based on the COSO criteria.

Scotiabank announced an increase in its quarterly dividend, declaring $1.14 per common share, up $0.04 from the previous dividend. This dividend is scheduled for payment on July 29, 2026, to shareholders recorded as of July 7, 2026. The bank also noted that while shareholders can still elect to receive dividends in common shares through its plan, these shares will now be purchased on the open market rather than issued from treasury.

Scotiabank reported strong second-quarter 2026 results, with net income increasing by 29.5% to $2,632 million and diluted EPS rising 35.1% to $2.00 compared to the prior year. The Bank also announced a 4% increase in its dividend to $1.14 per share. Performance was robust across key segments, including a 53% earnings growth in Canadian Banking and a 19% increase in Global Wealth Management, while the provision for credit losses decreased year-over-year.