Retained earnings is the accumulated portion of net income that is not distributed to shareholders. National Bank of Canada's retained earnings for the quarter that ended in Apr. 2026 was $15,100 Mil.
National Bank of Canada's quarterly retained earnings
increased
from Oct. 2025 ($14,560 Mil) to Jan. 2026 ($14,865 Mil) and
increased
from Jan. 2026 ($14,865 Mil) to Apr. 2026 ($15,100 Mil).
National Bank of Canada's annual retained earnings
increased
from Oct. 2023 ($12,143 Mil) to Oct. 2024 ($13,544 Mil) and
increased
from Oct. 2024 ($13,544 Mil) to Oct. 2025 ($14,560 Mil).
National Bank of Canada (OTCPK:NTIOF) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
National Bank of Canada Retained Earnings Historical Data
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The historical data trend for National Bank of Canada's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
National Bank of Canada Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of $15,100 Mil mean?
National Bank of Canada (NTIOF) has a Retained Earnings of $15,100 Mil as of Apr. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on National Bank of Canada and its competitors.
Is National Bank of Canada's Retained Earnings too high?
National Bank of Canada's current Retained Earnings is $15,100 Mil. Overall, National Bank of Canada has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Bank of Canada's Retained Earnings compare to JPM and BAC?
National Bank of Canada's Retained Earnings of $15,100 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Banks company?
A good Retained Earnings depends on the Banks industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on National Bank of Canada and its competitors. National Bank of Canada's current Retained Earnings is $15,100 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank of Canada stock overvalued right now?
Based on GuruFocus' analysis, National Bank of Canada (NTIOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $105.68, compared to a current price of $162.51 — trading 53.8% above its estimated fair value. The current Retained Earnings is $15,100 Mil. National Bank of Canada's overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For National Bank of Canada (NTIOF), the current Retained Earnings is $15,100 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is National Bank of Canada (NTIOF) Overvalued in 2026?
Based on GuruFocus' analysis, National Bank of Canada stock appears to be overvalued.
The current stock price of $162.51 is trading 53.8% above its estimated GF Value™ of $105.68.
GuruFocus considers National Bank of Canada to be Significantly Overvalued.
Key valuation signals for NTIOF:
Retained Earnings: $15,100 Mil
GF Value™: $105.68 vs. price of $162.51 (53.8% above fair value)
No single metric tells the full story. See the NTIOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bank of Canada is the sixth-largest bank in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth management and capital markets services. The bank derives around 45% of its 2025 revenue from the province of Quebec, with additional operations in the rest of Canada and the United States. National Bank of Canada also owns ABA Bank, one of the largest commercial banks in Cambodia.
73GF Score
Get the complete analysis for NTIOF
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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