$RYLBF

ROYAL BANK OF CANADA

CIK:0001000275|SEC Filings

Consolidated Statements of Income - CAD ($) $ in Millions	12 Months Ended
Consolidated Statements of Income - CAD ($) $ in Millions	Oct. 31, 2025	Oct. 31, 2024
Interest and dividend income (Note 3)
Loans	$ 56,042	$ 54,040
Securities	20,055	17,668
Assets purchased under reverse repurchase agreements and securities borrowed	22,367	27,121
Deposits and other	5,361	6,122
Interest and dividend income	103,825	104,951
Interest expense (Note 3)
Deposits and other	44,817	47,256
Other liabilities	25,371	28,967
Subordinated debentures	637	775
Interest expense	70,825	76,998
Net interest income	33,000	27,953
Non-interest income
Insurance service result (Note 15)	867	777
Insurance investment result (Note 15)	284	294
Trading revenue	3,125	2,327
Investment management and custodial fees	10,647	9,325
Mutual fund revenue	5,084	4,437
Securities brokerage commissions	1,905	1,660
Service charges	2,425	2,294
Underwriting and other advisory fees	2,899	2,672
Foreign exchange revenue, other than trading	1,301	1,142
Card service revenue	1,333	1,273
Credit fees	1,670	1,592
Net gains on investment securities	120	170
Income (loss) from joint ventures and associates (Note 12)	73	(16)
Other	1,872	1,444
Non-interest income	33,605	29,391
Total revenue	66,605	57,344
Provision for credit losses (Notes 4 and 5)	4,362	3,232
Non-interest expense
Human resources (Notes 16 and 20)	23,122	21,083
Equipment	2,790	2,537
Occupancy	1,679	1,805
Communications	1,497	1,369
Professional fees	2,177	2,525
Amortization of other intangibles (Note 11)	1,759	1,549
Other	3,568	3,382
Non-interest expense	36,592	34,250
Income before income taxes	25,651	19,862
Income taxes (Note 21)	5,282	3,622
Net income	20,369	16,240
Net income attributable to:
Shareholders	20,362	16,230
Non-controlling interests	7	10
Net income	$ 20,369	$ 16,240
Basic earnings per share (in dollars) (Note 22)	$ 14.1	$ 11.27
Diluted earnings per share (in dollars) (Note 22)	14.07	11.25
Dividends per common share (in dollars)	$ 6.04	$ 5.6

Consolidated Statements of Cash Flows - CAD ($)
$ in Millions

12 Months Ended

Oct. 31, 2025

Oct. 31, 2024

Cash flows from operating activities

Net income

$ 20,369

$ 16,240

Adjustments for non-cash items and others

Provision for credit losses

4,362

3,232

Depreciation

1,286

1,364

Deferred income taxes

(216)

(1,529)

Amortization and impairment of other intangibles

1,793

1,617

(Income) loss from joint ventures and associates

(73)

Losses (gains) on investment securities

(132)

(170)

Losses (gains) on disposition of business

Adjustments for net changes in operating assets and liabilities

Insurance contract liabilities

2,096

3,205

Net change in accrued interest receivable and payable

(1,880)

1,674

Current income taxes

(936)

945

Derivative assets

(26,594)

(4,797)

Derivative liabilities

20,190

17,593

Trading securities

(35,767)

8,886

Loans

(62,098)

(55,007)

Assets purchased under reverse repurchase agreements and securities borrowed

41,120

(10,168)

(15,805)

(35,581)

14,605

727

Deposits

106,085

91,596

Brokers and dealers receivable and payable

(107)

(304)

Other

(13,078)

(16,429)

Net cash from (used in) operating activities

55,220

23,139

Cash flows from investing activities

Change in interest-bearing deposits with banks

15,656

5,066

Proceeds from sales and maturities of investment securities

232,439

182,335

Purchases of investment securities

(314,421)

(193,307)

Net acquisitions of premises and equipment and other intangibles

(2,243)

(2,280)

Net proceeds from (cash transferred for) dispositions

Cash used in acquisitions, net of cash acquired

(12,716)

Net cash from (used in) investing activities

(68,569)

(20,887)

Cash flows from financing activities

Issuance of subordinated debentures

2,991

3,250

Repayment of subordinated debentures

(2,750)

(1,500)

Issue of common shares, net of issuance costs

159

Common shares purchased for cancellation

(2,768)

(140)

Issue of preferred shares and other equity instruments, net of issuance costs

4,945

2,702

Redemption of preferred shares and other equity instruments

(2,350)

(1,021)

Sales of treasury shares and other equity instruments

10,699

6,717

Purchases of treasury shares and other equity instruments

(10,727)

(6,527)

Dividends paid on shares and distributions paid on other equity instruments

(8,800)

(6,637)

Dividends/distributions paid to non-controlling interests

(39)

(6)

Change in short-term borrowings of subsidiaries

2,804

(4,507)

Repayment of lease liabilities

(788)

(636)

Net cash from (used in) financing activities

(6,711)

(8,146)

Effect of exchange rate changes on cash and due from banks

361

628

Net change in cash and due from banks

(19,699)

(5,266)

Cash and due from banks at beginning of period

^[1]

56,723

61,989

Cash and due from banks at end of period

^[1]

37,024

56,723

Cash flows from operating activities include:

Amount of interest paid

70,976

73,639

Amount of interest received

100,508

102,127

Amount of dividends received

3,982

3,502

Amount of income taxes paid

$ 6,087

$ 3,410

[1]	We are required to maintain balances due to regulatory requirements or contractual restrictions from central banks, other regulatory authorities, and other counterparties. The total balances were $3 billion as at October 31, 2025 (October 31, 2024 – $2 billion; October 31, 2023 – $3 billion).

Consolidated Balance Sheets - CAD ($)
$ in Millions

Oct. 31, 2025

Oct. 31, 2024

Assets

Cash and due from banks

^[1]

$ 37,024

$ 56,723

Interest-bearing deposits with banks

50,364

66,020

Securities (Note 4)

Trading

219,067

183,300

Investment, net of applicable allowance

342,721

256,618

Securities

561,788

439,918

Assets purchased under reverse repurchase agreements and securities borrowed

309,683

350,803

Loans (Note 5)

Retail

652,344

626,978

Wholesale

397,171

360,439

Loans

1,049,515

987,417

Allowance for loan losses (Note 5)

(7,093)

(6,037)

Loans, net

1,042,422

981,380

Other

Derivatives (Note 9)

177,206

150,612

Premises and equipment (Note 10)

6,819

6,852

Goodwill (Note 11)

19,405

19,286

Other intangibles (Note 11)

7,402

7,798

Other assets (Note 13)

112,893

92,190

Total other assets

323,725

276,738

Total assets

2,325,006

2,171,582

Deposits (Note 14)

Personal

529,740

522,139

Business and government

946,314

839,670

Bank

39,562

47,722

Total deposits

1,515,616

1,409,531

Other

49,891

35,286

289,516

305,321

Derivatives (Note 9)

183,953

163,763

Insurance contract liabilities (Note 15)

24,327

22,231

Other liabilities (Note 17)

108,591

94,712

Total other liabilities

656,278

621,313

Subordinated debentures (Note 18)

13,961

13,546

Total liabilities

2,185,855

2,044,390

Equity attributable to shareholders

Retained earnings

96,938

88,608

Other components of equity

9,726

8,498

Total equity attributable to shareholders

139,092

127,089

Non-controlling interests

103

Total equity

139,151

127,192

Total liabilities and equity

2,325,006

2,171,582

Preferred shares and other equity instruments [member]

Equity attributable to shareholders

Issued capital (Note 19)

11,675

9,031

Common shares [member]

Equity attributable to shareholders

Issued capital (Note 19)

$ 20,753

$ 20,952

[1]	We are required to maintain balances due to regulatory requirements or contractual restrictions from central banks, other regulatory authorities, and other counterparties. The total balances were $3 billion as at October 31, 2025 (October 31, 2024 – $2 billion; October 31, 2023 – $3 billion).