Bank of Nova Scotia earnings coverage ratios detailed

The Bank of Nova Scotia reports detailed earnings coverage metrics for the twelve months ended April 30, 2026.

Rhea-AI Filing Summary

The Bank of Nova Scotia reports detailed earnings coverage metrics for the twelve months ended April 30, 2026. Earnings before interest on subordinated indebtedness and income tax were $13,030 million after non-controlling interest, compared with dividend requirements on preferred shares and other equity instruments of $674 million and interest on subordinated indebtedness of $326 million.

These figures translate into grossed up dividend coverage on outstanding preferred shares and other equity instruments of 18.85 times, interest coverage on subordinated indebtedness of 39.97 times, and combined dividend and interest coverage of 13.03 times. The bank also reports consolidated ratios of earnings to fixed charges of 6.22 times excluding interest on deposits and 1.37 times including interest on deposits, all calculated under IFRS.

Key Figures

Earnings before subordinated interest and tax: $13,030 million Dividend requirements: $674 million Subordinated debt interest: $326 million +5 more

8 metrics

Earnings before subordinated interest and tax $13,030 million Twelve months ended April 30, 2026, after non-controlling interest

Dividend requirements $674 million Preferred shares and other equity instruments, twelve months ended April 30, 2026

Subordinated debt interest $326 million Interest requirements on subordinated indebtedness, twelve months ended April 30, 2026

Grossed up dividend coverage ratio 18.85 times Outstanding preferred shares and other equity instruments, twelve months ended April 30, 2026

Interest coverage on subordinated debt 39.97 times Subordinated indebtedness, twelve months ended April 30, 2026

Combined dividend and interest coverage 13.03 times Preferred shares, other equity instruments and subordinated indebtedness, twelve months ended April 30, 2026

Earnings to fixed charges (excl. deposits) 6.22 times Consolidated ratio, twelve months ended April 30, 2026

Earnings to fixed charges (incl. deposits) 1.37 times Consolidated ratio, twelve months ended April 30, 2026

Key Terms

subordinated indebtedness, earnings coverage, fixed charges, International Financial Reporting Standards (IFRS), +1 more

5 terms

subordinated indebtedness financial

"Earnings Coverage on Subordinated Indebtedness and Preferred Shares and Other Equity Instruments"

Debt that carries lower priority for repayment than other borrowings, meaning holders are paid only after higher‑priority creditors are made whole if the borrower runs into financial trouble; think of it as standing at the back of a queue at a checkout. It matters to investors because it usually carries higher interest to compensate for greater risk, affects how much creditors recover in default, and influences a borrower’s overall credit profile and cost of borrowing.

earnings coverage financial

"Exhibit 99.1 THE BANK OF NOVA SCOTIA EARNINGS COVERAGE"

fixed charges financial

"The table below sets forth the Bank’s consolidated ratios of earnings to fixed charges"

Fixed charges are regular, contractual payments a company must make regardless of how well its business is doing, such as interest on debt, lease payments, and certain insurance or rental obligations. They matter to investors because these unavoidable payments reduce the cash available for reinvestment, dividends, or absorbing downturns; like a household with a fixed mortgage and car payment, higher fixed charges make a company less flexible and increase financial risk.

International Financial Reporting Standards (IFRS) financial

"All amounts presented herein are derived from financial information prepared in accordance with International Financial Reporting Standards (IFRS)"

A set of globally accepted accounting rules companies use to prepare financial statements so their numbers speak the same language across borders. For investors, IFRS matters because it makes it easier to compare profitability, assets and liabilities between companies the way a common recipe or measuring tape lets you judge two cakes or two rooms fairly, which helps assess value and risk more reliably.

non-controlling interest financial

"were $13,030 million after deducting non-controlling interest"

Non-controlling interest represents the portion of ownership in a company held by investors who do not have a controlling stake, meaning they do not have enough voting power to make major decisions. It is similar to owning a minority share of a business partner’s company—while they benefit from profits, they cannot control how the company is run. This matters to investors because it shows how much of the company's value is owned by outside shareholders and affects overall financial reporting.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What earnings coverage ratios did The Bank of Nova Scotia (BNS) report for April 30, 2026?

The Bank of Nova Scotia reported grossed up dividend coverage of 18.85 times and interest coverage on subordinated debt of 39.97 times. Combined dividend and interest coverage on preferred shares, other equity instruments and subordinated indebtedness was 13.03 times for the twelve months ended April 30, 2026.

How much did Bank of Nova Scotia (BNS) pay in dividends on preferred shares and other equity instruments?

The bank’s dividend requirements on all outstanding preferred shares and other equity instruments were $674 million for the twelve months ended April 30, 2026. This amount was grossed up to a before-tax equivalent using an effective income tax rate of 24.62% in the coverage calculations disclosed.

What were Bank of Nova Scotia’s (BNS) subordinated indebtedness interest requirements?

Interest requirements on subordinated indebtedness were $326 million for the twelve months ended April 30, 2026. These interest payments are used in calculating the bank’s interest coverage ratio on subordinated indebtedness, which was reported as 39.97 times for the same twelve-month period under IFRS.

What were The Bank of Nova Scotia’s (BNS) earnings used in the coverage ratios?

Earnings before interest on subordinated indebtedness and income tax totaled $13,030 million for the twelve months ended April 30, 2026, after deducting non-controlling interest. These earnings figures form the numerator in the bank’s disclosed dividend and interest coverage ratios for that period.

What are Bank of Nova Scotia’s (BNS) ratios of earnings to fixed charges?

The bank’s consolidated ratios of earnings to fixed charges were 6.22 times excluding interest on deposits and 1.37 times including interest on deposits. These ratios are based on IFRS figures and define earnings and fixed charges as specified in the disclosure for the twelve months ended April 30, 2026.

Under which accounting standards are Bank of Nova Scotia’s (BNS) coverage ratios prepared?

All amounts and ratios are derived from financial information prepared under International Financial Reporting Standards (IFRS) as issued by the IASB. The bank notes these ratios are not defined by IFRS and may not be directly comparable with similar measures used by other issuers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/27/2026 - 07:29 AM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of: May, 2026 Commission File Number: 002-09048

THE BANK OF NOVA SCOTIA

(Name of registrant)

40 Temperance Street, Toronto, Ontario, M5H 0B4

(Tel.: (416) 866-3672)

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☐    Form 40-F ☒

This report on Form 6-K shall be deemed to be incorporated by reference in The Bank of Nova Scotia’s registration statements on Form S-8 (File No. 333-199099) and Form F-3 (File No. 333-282565) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

				THE BANK OF NOVA SCOTIA
Date: May 27, 2026				By:		/s/ Gerhardt Samwell
						Name: Gerhardt Samwell
						Title: Senior Vice-President & Chief Accountant

EXHIBIT INDEX

Exhibit		Description of Exhibit
99.1		2026 Second Quarter Earnings Coverage

Exhibit 99.1

THE BANK OF NOVA SCOTIA

EARNINGS COVERAGE

Earnings Coverage on Subordinated Indebtedness and Preferred Shares and Other Equity Instruments

The consolidated financial ratios for the Bank are set forth in the table below:

		Twelve months ended April 30, 2026(1)
Grossed up dividend coverage on outstanding preferred shares and other equity instruments			18.85
Interest coverage on subordinated indebtedness			39.97
Grossed up dividend and interest coverage on preferred shares, other equity instruments and subordinated indebtedness			13.03

The Bank’s dividend requirements on all of its outstanding preferred shares and other equity instruments was $674 million for the 12 months ended April 30, 2026, adjusted to a before-tax equivalent using an effective income tax rate of 24.62% for the 12 months ended April 30, 2026. The Bank’s interest requirements for subordinated indebtedness was $326 million for the 12 months ended April 30, 2026. The Bank’s earnings before interest on subordinated indebtedness and income tax for the 12 months ended April 30, 2026 were $13,030 million after deducting non-controlling interest. In calculating the dividend and interest coverages, foreign currency amounts have been converted to Canadian dollars.

Consolidated Ratios of Earnings to Fixed Charges

The table below sets forth the Bank’s consolidated ratios of earnings to fixed charges:

		Twelve months ended April 30, 2026(1)
Excluding interest on deposits			6.22
Including interest on deposits			1.37

For purposes of computing these ratios:

(a) earnings represent income from continuing operations plus income taxes and fixed charges (excluding capitalized interest and net income from investments in associated corporations);

(b) fixed charges, excluding interest on deposits, represent interest (including capitalized interest), and amortization of debt issuance costs; and

(c) fixed charges, including interest on deposits, represent all interest.

All amounts presented herein are derived from financial information prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). The ratios reported are not defined by IFRS and do not have any standardized meanings under IFRS and thus may not be comparable to similar measures used by other issuers.

⁽¹⁾  This measure has been disclosed in this document in accordance with section 8.4 of National Instrument 44-102 – Shelf Distributions.

Filing Exhibits & Attachments

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• EX-99.1 EX-99.1 8.3 KB