Bank of Nova Scotia (NYSE: BNS) details earnings cover on CA$97.5B capital base

Rhea-AI Filing Summary

BANK OF NOVA SCOTIA (BNS) provides an update on its consolidated capitalization and earnings coverage. As of July 31, 2026, subordinated debentures were CA$6,919 million. Total equity attributable to equity holders was CA$89,151 million, including total common equity of CA$79,212 million and preferred shares and other equity instruments of CA$9,939 million. Total equity, including non-controlling interests, was CA$90,622 million, giving total capitalization of CA$97,541 million.

For the nine months ended July 31, 2026, the consolidated ratio of earnings to fixed charges was 6.46 excluding interest on deposits and 1.42 including interest on deposits. The ratio of earnings to combined fixed charges and preferred dividends was 5.02 excluding interest on deposits and 1.39 including interest on deposits. The filing also presents comparable ratios and underlying earnings and fixed charge figures for each year in the five-year period ended October 31, 2025.

Filing Explained

In its August 25, 2026 Form 6-K, The Bank of Nova Scotia says the capitalization and earnings-ratio disclosure is deemed incorporated by reference into its Form S-8 and F-3 registration statements, making the information part of those filings.

Key Figures

Subordinated debentures: CA$6,919 million Total common equity: CA$79,212 million Total equity attributable to equity holders of the Bank: CA$89,151 million +5 more

8 metrics

Subordinated debentures CA$6,919 million As at July 31, 2026 consolidated capitalization

Total common equity CA$79,212 million As at July 31, 2026, including common shares, retained earnings and other reserves

Total equity attributable to equity holders of the Bank CA$89,151 million As at July 31, 2026

Total equity CA$90,622 million As at July 31, 2026, including non-controlling interests

Total capitalization CA$97,541 million As at July 31, 2026

Ratio of earnings to fixed charges (excluding interest on deposits) 6.46 Nine months ended July 31, 2026

Ratio of earnings to fixed charges (including interest on deposits) 1.42 Nine months ended July 31, 2026

Income from continuing operations before income taxes CA$10,502 million Nine months ended July 31, 2026, before adjustments for gains from investees

Key Terms

subordinated debentures, accumulated other comprehensive income, non-controlling interests in subsidiaries, fixed charges, +1 more

5 terms

subordinated debentures financial

"Subordinated debentures | | | 6,919"

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 | | | (3,020"

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 | | | 1,471"

fixed charges financial

"The following table provides 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.

preference security dividend requirements financial

"Preference security dividend requirements (1) | | | 518"

FAQ

What is BANK OF NOVA SCOTIA (BNS)'s total capitalization as of July 31, 2026?

As of July 31, 2026, BANK OF NOVA SCOTIA reported total capitalization of CA$97,541 million, based on subordinated debentures of CA$6,919 million and total equity of CA$90,622 million, including non-controlling interests.

How much equity does BANK OF NOVA SCOTIA (BNS) report as of July 31, 2026?

As of July 31, 2026, BANK OF NOVA SCOTIA reported total equity of CA$90,622 million, including CA$89,151 million attributable to equity holders of the bank and CA$1,471 million of non-controlling interests in subsidiaries.

What are BANK OF NOVA SCOTIA (BNS)'s earnings-to-fixed-charges ratios for 2026?

For the nine months ended July 31, 2026, BANK OF NOVA SCOTIA reported a ratio of earnings to fixed charges of 6.46 excluding interest on deposits and 1.42 including interest on deposits, calculated under IFRS.

What are BNS's earnings to combined fixed charges and preferred dividends ratios for 2026?

For the nine months ended July 31, 2026, BANK OF NOVA SCOTIA reported a ratio of earnings to combined fixed charges and preferred dividends of 5.02 excluding interest on deposits and 1.39 including interest on deposits.

How large are BANK OF NOVA SCOTIA (BNS)'s subordinated debentures?

As of July 31, 2026, BANK OF NOVA SCOTIA reported subordinated debentures of CA$6,919 million as part of its consolidated capitalization.

What level of preferred shares and other equity instruments does BNS report?

As of July 31, 2026, BANK OF NOVA SCOTIA reported CA$9,939 million in preferred shares and other equity instruments within total equity attributable to equity holders.

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Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 08/25/2026 - 07:25 AM Accepted by SEC EDGAR 08/25/2026 - 07:25 AM 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: August, 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: August 25, 2026		By:		/s/ Gerhardt Samwell
				Name:		Gerhardt Samwell
				Title:		Senior Vice-President & Chief Accountant

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 July 31, 2026:

		As at July 31, 2026
		(in millions of Canadian dollars)
Subordinated debentures			6,919
Equity
Common equity
Common shares			21,899
Retained earnings			60,391
Accumulated other comprehensive income			(3,020	)
Other reserves			(58	)
Total common equity			79,212
Preferred shares and other equity instruments			9,939
Total equity attributable to equity holders of the Bank			89,151
Non-controlling interests in subsidiaries			1,471
Total equity			90,622
Total capitalization			97,541

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 nine months period ended July 31, 2026 and for each of the years in the five year period ended October 31, 2025.

		Nine Months Ended July 31		October 31,
		2026		2025		2024				2023				2022				2021
Consolidated Ratios of Earnings to Fixed Charges
Excluding interest on deposits		6.46		4.73			4.32				4.27				5.78				9.00
Including interest on deposits		1.42		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		5.02		3.76			3.59				3.60				5.14				7.55
Including interest on deposits		1.39		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)		Nine Months Ended July 31				October 31,
		2026				2025				2024				2023				2022				2021
Excluding interest on deposits
Earnings
Income from continuing operations before income taxes			10,502				10,509				9,924				9,671				12,932				12,826
Less: Gain from investees			633				608				198				153				268				339
			9,869				9,901				9,726				9,518				12,664				12,487
Fixed charges			1,809				2,655				2,927				2,912				2,649				1,560
Earnings			11,678				12,556				12,653				12,430				15,313				14,047
Fixed charges
Interest expense			1,809				2,655				2,927				2,912				2,649				1,560
Fixed charges			1,809				2,655				2,927				2,912				2,649				1,560
Preference security dividend requirements(1)			518				685				594				544				330				300
Fixed charges and preferred dividends			2,327				3,340				3,521				3,456				2,979				1,860
Ratio of earnings to fixed charges			6.46				4.73				4.32				4.27				5.78				9.00
Ratio of earnings to combined fixed charges and preferred dividends			5.02				3.76				3.59				3.60				5.14				7.55
Including interest on deposits
Earnings
Income from continuing operations before income taxes			10,502				10,509				9,924				9,671				12,932				12,826
Less: Gain from investees			633				608				198				153				268				339
			9,869				9,901				9,726				9,518				12,664				12,487
Fixed charges			23,484				36,080				42,407				38,562				15,443				8,025
Earnings			33,353				45,981				52,133				48,080				28,107				20,512
Fixed charges
Interest expense			23,484				36,080				42,407				38,562				15,443				8,025
Fixed charges			23,484				36,080				42,407				38,562				15,443				8,025
Preference security dividend requirements(1)			518				685				594				544				330				300
Fixed charges and preferred dividends			24,002				36,765				43,001				39,106				15,773				8,325
Ratio of earnings to fixed charges			1.42				1.27				1.23				1.25				1.82				2.56
Ratio of earnings to combined fixed charges and preferred dividends			1.39				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.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 21.7 KB
• EX-99.2 EX-99.2 59.0 KB