Bank of Nova Scotia updates capital and earnings ratios

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What is The Bank of Nova Scotia (BNS) total capitalization as of April 30, 2026?

How much equity did The Bank of Nova Scotia (BNS) report as of April 30, 2026?

What was BNS’s consolidated ratio of earnings to fixed charges for the six months ended April 30, 2026?

What were The Bank of Nova Scotia’s consolidated ratios of earnings to combined fixed charges and preferred dividends?

How large is BNS’s common equity base according to the latest capitalization table?

What earnings figure underlies BNS’s fixed charge ratios for the six months ended April 30, 2026?

The Bank of Nova Scotia provides an update on its consolidated capitalization and earnings coverage metrics as of April 30, 2026.

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6-K

The Bank of Nova Scotia provides an update on its consolidated capitalization and earnings coverage metrics as of April 30, 2026. Total capitalization was 94,348 million Canadian dollars, including subordinated debentures of 5,766 million and total equity of 88,582 million.

Total common equity was 77,222 million Canadian dollars, with 22,002 million in common shares and 59,876 million in retained earnings, partially offset by negative accumulated other comprehensive income and other reserves. The bank also reports consolidated ratios of earnings to fixed charges for the six months ended April 30, 2026, including 6.49 excluding interest on deposits and 1.40 including interest on deposits, along with comparable figures for each of the prior five fiscal years.

Total capitalization: 94,348 million Canadian dollars Subordinated debentures: 5,766 million Canadian dollars Total equity: 88,582 million Canadian dollars +5 more

8 metrics

Total capitalization 94,348 million Canadian dollars As at April 30, 2026

Subordinated debentures 5,766 million Canadian dollars As at April 30, 2026

Total equity 88,582 million Canadian dollars As at April 30, 2026

Total common equity 77,222 million Canadian dollars As at April 30, 2026

Earnings to fixed charges ratio (excl. deposits) 6.49 Six months ended April 30, 2026

Earnings to fixed charges ratio (incl. deposits) 1.40 Six months ended April 30, 2026

Earnings to combined fixed charges and preferred dividends (excl. deposits) 4.96 Six months ended April 30, 2026

Preference security dividend requirements 347 million Canadian dollars Six months ended April 30, 2026

consolidated capitalization, subordinated debentures, accumulated other comprehensive income, non-controlling interests in subsidiaries, +2 more

6 terms

consolidated capitalization financial

"The following table sets forth the consolidated capitalization of The Bank of Nova Scotia"

subordinated debentures financial

"Subordinated debentures | | | 5,766"

A subordinated debenture is a type of long-term loan a company issues that ranks below other debts when paying creditors, so holders are paid only after higher-priority lenders if the company defaults. It matters to investors because this lower repayment priority raises the risk of loss, which companies typically offset by offering higher interest, making it a trade-off between yield and safety—like standing later in line for a bigger tip.

accumulated other comprehensive income financial

"Accumulated other comprehensive income | | | (4,604 | )"

Accumulated other comprehensive income is a running total on a company’s balance sheet that records certain gains and losses not included in reported profit, such as unrealized gains or losses on some investments, currency translation differences, and pension plan adjustments. Think of it like items in a shopping cart you haven’t paid for yet: it doesn’t affect current profit but changes the company’s overall equity and signals potential future swings in value that investors should watch.

non-controlling interests in subsidiaries financial

"Non-controlling interests in subsidiaries | | | 1,421"

ratios of earnings to fixed charges financial

"The following table provides the Bank’s consolidated ratios of earnings to fixed charges"

International Financial Reporting Standards financial

"based upon financial information calculated in accordance with International Financial Reporting Standards (IFRS)"

International Financial Reporting Standards are a common set of accounting rules used by companies in many countries to prepare and present their financial statements. They matter to investors because they make results easier to compare across borders — like using the same measuring tape — so investors can assess profitability, cash flow and risk more reliably and spot differences that come from business performance rather than differing accounting methods.

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The Bank of Nova Scotia reported total capitalization of 94,348 million Canadian dollars as at April 30, 2026. This figure includes subordinated debentures and total equity, providing a snapshot of the bank’s overall long-term funding and capital structure at that date.

Total equity was 88,582 million Canadian dollars as at April 30, 2026. This includes 87,161 million attributable to equity holders of the bank and 1,421 million of non-controlling interests in subsidiaries, showing the capital base supporting the bank’s operations.

The consolidated ratio of earnings to fixed charges was 6.49 excluding interest on deposits and 1.40 including interest on deposits. These ratios indicate how many times earnings covered fixed financing costs during the six-month period ended April 30, 2026.

For the six months ended April 30, 2026, the ratio was 4.96 excluding interest on deposits and 1.37 including interest on deposits. These measures compare earnings to the sum of fixed charges and preferred security dividend requirements.

Total common equity was 77,222 million Canadian dollars as at April 30, 2026. This consists of 22,002 million in common shares, 59,876 million in retained earnings, and adjustments from accumulated other comprehensive income and other reserves.

Earnings used for the fixed charge ratio excluding deposits were 7,318 million Canadian dollars. This is based on income from continuing operations before income taxes, adjusted for gains from investees and combined with fixed charges, as detailed in the computation table.

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Accepted by SEC EDGAR 05/27/2026 - 07:34 AM EDT

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.

EXHIBIT INDEX


Exhibit		Description of Exhibit

99.1		Consolidated Capitalization and Consolidated Earnings Ratios

99.2		Statement Regarding the Computation of Consolidated Ratio of Earnings

Exhibit 99.1

CONSOLIDATED CAPITALIZATION OF THE BANK

The following table sets forth the consolidated capitalization of The Bank of Nova Scotia (the “Bank”) as at April 30, 2026:


	As at April 30, 2026
	(in millions of Canadian dollars)
Subordinated debentures		5,766
Equity
Common equity
Common shares		22,002
Retained earnings		59,876
Accumulated other comprehensive income		(4,604	)
Other reserves		(52	)

Total common equity		77,222
Preferred shares and other equity instruments		9,939

Total equity attributable to equity holders of the Bank		87,161
Non-controlling interests in subsidiaries		1,421

Total equity		88,582

Total capitalization		94,348

CONSOLIDATED EARNINGS RATIOS

The following table provides the Bank’s consolidated ratios of earnings to fixed charges, based upon financial information calculated in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) for the last six months period ended April 30, 2026 and for each of the years in the five year period ended October 31, 2025.


	Six Months Ended April 30	October 31,
	2026	2025	2024		2023		2022		2021

Consolidated Ratios of Earnings to Fixed Charges
Excluding interest on deposits	6.49	4.73		4.32		4.27		5.78		9.00
Including interest on deposits	1.40	1.27		1.23		1.25		1.82		2.56
Consolidated Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
Excluding interest on deposits	4.96	3.76		3.59		3.60		5.14		7.55
Including interest on deposits	1.37	1.25		1.21		1.23		1.78		2.46

For purposes of computing these ratios:

•

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

•

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

•

fixed charges, including interest on deposits, represent all interest; and

•

preferred dividends include dividends from preferred shares and other equity instruments.

•

On November 1, 2023, the Bank adopted IFRS 17 Insurance Contracts, which replaces IFRS 4, the previous accounting standard for insurance contracts. The Bank adopted IFRS 17 on a retrospective basis, restating the results from the transition date of November 1, 2022. Accordingly, results for fiscal 2023 have been restated to reflect the IFRS 17 basis of accounting for insurance contracts. Results for periods prior to November 1, 2022 continue to be presented under the IFRS 4 basis of accounting and have not been restated.

Exhibit 99.2

Computation of Consolidated Ratio of Earnings


($ in million)	For the Six Months Ended April 30		October 31,
	2026		2025		2024		2023		2022		2021


Excluding interest on deposits

Earnings
Income from continuing operations before income taxes		6,602		10,509		9,924		9,671		12,932		12,826
Less: Gain from investees		411		608		198		153		268		339

		6,191		9,901		9,726		9,518		12,664		12,487

Fixed charges		1,127		2,655		2,927		2,912		2,649		1,560

Earnings		7,318		12,556		12,653		12,430		15,313		14,047


Fixed charges
Interest expense		1,127		2,655		2,927		2,912		2,649		1,560

Fixed charges		1,127		2,655		2,927		2,912		2,649		1,560
Preference security dividend requirements⁽¹⁾		347		685		594		544		330		300

Fixed charges and preferred dividends		1,474		3,340		3,521		3,456		2,979		1,860


Ratio of earnings to fixed charges		6.49		4.73		4.32		4.27		5.78		9.00

Ratio of earnings to combined fixed charges and preferred dividends		4.96		3.76		3.59		3.60		5.14		7.55

Including interest on deposits
Earnings
Income from continuing operations before income taxes		6,602		10,509		9,924		9,671		12,932		12,826
Less: Gain from investees		411		608		198		153		268		339

		6,191		9,901		9,726		9,518		12,664		12,487

Fixed charges		15,323		36,080		42,407		38,562		15,443		8,025

Earnings		21,514		45,981		52,133		48,080		28,107		20,512


Fixed charges
Interest expense		15,323		36,080		42,407		38,562		15,443		8,025

Fixed charges		15,323		36,080		42,407		38,562		15,443		8,025
Preference security dividend requirements⁽¹⁾		347		685		594		544		330		300

Fixed charges and preferred dividends		15,670		36,765		43,001		39,106		15,773		8,325


Ratio of earnings to fixed charges		1.40		1.27		1.23		1.25		1.82		2.56

Ratio of earnings to combined fixed charges and preferred dividends		1.37		1.25		1.21		1.23		1.78		2.46


Note (1)		Preference security dividend requirements include the amount of pre-tax earnings that is required to pay the dividends on outstanding preferred shares and other equity instruments.

Source: View Original Filing on SEC EDGAR

THE BANK OF NOVA SCOTIA

Date: May 27, 2026

/s/ Gerhardt Samwell

Gerhardt Samwell

Senior Vice-President & Chief Accountant

2 documents