National Bank of Canada (NA) AGM 2025 summary

Opening remarks and agenda

• The meeting was opened with a welcome to attendees in person and online, with proceedings available in both English and French to facilitate participation.

• A land acknowledgment honored Indigenous peoples and their stewardship of the land.

• The agenda included executive and board introductions, receipt of financial statements, director elections, executive compensation, auditor appointment, shareholder proposals, and a Q&A session.

Board and executive committee updates

• The board welcomed new members from the Canadian Western Bank (CWB) and the energy sector, enhancing expertise and regional representation.

• Succession planning led to new executive appointments in risk management, commercial banking, and legal counsel.

• Emphasis was placed on strong collaboration between the board and executive team, and the integration of new employees from CWB.

Financial performance review

• Achieved strong financial results: 10% EPS growth, 17% return on equity, and a 9% increase in common share dividend for 2024.

• First quarter of 2025 showed 13% EPS growth, 17.6% return on equity, and a CET1 ratio of 13.6%.

• Maintained robust capital levels and met all medium-term financial objectives.