OTTAWA (dpa-AFX) - National Bank of Canada (NA.TO) reported Wednesday that
second-quarter net income decreased to C$847 million or C$2.38 per share from
C$889 million or C$2.53 per share in the prior-year quarter.

This strong growth was driven by increases in total revenues across all of the
business segments, offset by higher non-interest expenses and higher provisions
for credit losses.

On average, 12 analysts polled by Thomson Reuters expected the company to report
earnings of C$2.40 per share for the quarter. Analysts' estimates typically
exclude special items.

Total revenues for the quarter grew 2 percent to C$2.48 billion from C$2.44
billion in the same quarter last year. Analysts expected revenues of C$2.66
billion for the quarter.

The bank's Board of Directors also declared regular dividends on the various
series of first preferred shares and a 5 percent higher dividend of C$1.02 per
common share, payable on August 1, 2023, to shareholders of record on June 26,
2023.

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