Caution Regarding Forward-Looking Statements
Certain
statements in this press release regarding the Bank’s intention to
launch a normal course issuer bid are forward-looking statements.
These statements are made in accordance with applicable securities
legislation in Canada and the United States. The Bank may also make
forward-looking statements in other documents and regulatory
filings, as well as orally. These forward-looking statements are
typically identified by verbs or words such as “outlook”, “believe”,
“foresee”, “forecast”, “anticipate”, “estimate”, “project”,
“expect”, “intend” and “plan”, the use of future or conditional
forms, notably verbs such as “will”, “may”, “should”, “could” or
“would”, as well as similar terms and expressions. These
forward-looking statements are intended to assist the security
holders of the Bank in understanding the Bank’s financial position
and results of operations as at the dates indicated and for the
periods then ended, as well as the Bank’s vision, strategic
objectives, and performance targets, and may not be appropriate for
other purposes. These forward-looking statements are based on
current expectations, estimates, assumptions and intentions that the
Bank deems reasonable as at the date thereof and are subject to
uncertainty and risks, many of which are beyond the Bank’s control.
There is a strong possibility that the Bank’s express or implied
predictions, forecasts, projections, expectations, or conclusions
will not prove to be accurate, that its assumptions will not be
confirmed, and that its vision, strategic objectives, and
performance targets will not be achieved. The Bank cautions
investors that these forward-looking statements are not guarantees
of future performance and that actual events or results may differ
materially from the expectations, estimates, or intentions expressed
in these forward-looking statements due to a number of factors.
Therefore, the Bank recommends that readers not place undue reliance
on these forward-looking statements. Investors and others who rely
on the Bank’s forward-looking statements should carefully consider
the factors listed below as well as other uncertainties and
potential events and the risks they entail. Except as required by
law, the Bank does not undertake to update any forward-looking
statements, whether written or oral, that may be made from time to
time, by it or on its behalf.
The forward-looking statements made in this press release are based
on a number of assumptions and their future outcome is subject to a
variety of factors, many of which are beyond the Bank's control and
the impacts of which are difficult to predict. These risk factors
include, among others, the general economic environment and business
and financial market conditions in Canada, the United States, and
the other countries where the Bank operates, including recession
risk; geopolitical and sociopolitical uncertainty; the measures
affecting trade relations between Canada and its partners, including
the imposition of tariffs and any measures taken in response to such
tariffs, as well as the possible impacts on our clients, our
operations and, more generally, the economy; exchange rate and
interest rate fluctuations; inflation; global supply chain
disruptions; higher funding costs and greater market volatility;
changes to fiscal, monetary, and other public policies; regulatory
oversight and changes to regulations that affect the Bank’s
business; the Bank’s ability to successfully integrate CWB and the
undisclosed costs or liabilities associated with the acquisition;
the possibility that the acquisition of certain LBC portfolios may
not happen, or not at the expected time, and that the expected
benefits of the transaction may not be realized, or not within the
expected timeframe; climate change, including physical risks and
risks related to the transition to a low-carbon economy;
stakeholders engagement and the Bank’s ability to meet their
expectations on environmental and social issues; the availability of
comprehensive and high-quality information from customers and other
third parties, including on greenhouse gas emissions; the ability of
the Bank to identify climate-related opportunities as well as to
assess and manage climate-related risks; significant changes in
consumer behaviour; the housing situation, the real estate market,
and household indebtedness in Canada; the Bank’s ability to achieve
its key short-term priorities and long-term strategies; the timely
development and launch of new products and services; the ability of
the Bank to recruit and retain key personnel; technological
innovation, including open banking and the use of artificial
intelligence; heightened competition from established companies and
from competitors offering non-traditional services; model risk;
changes in the performance and creditworthiness of the Bank’s
clients and counterparties; the Bank’s exposure to significant
regulatory issues or litigation; changes made to the accounting
policies used by the Bank to report its financial position,
including the uncertainty related to assumptions and significant
accounting estimates; changes to tax legislation in the countries
where the Bank operates; changes to capital and liquidity guidelines
as well as to the instructions related to the presentation and
interpretation thereof; changes to the credit ratings assigned to
the Bank by financial and extra-financial rating agencies; potential
disruptions to key suppliers of goods and services to the Bank;
third-party risk, including failure by third parties to fulfil their
obligations to the Bank; the potential impacts of disruptions to the
Bank’s information technology systems due to cyberattacks and theft
or disclosure of data, including personal information and identity
theft; the risk of fraudulent activity; the possible impacts of
major events on the economy, market conditions, or the Bank's
outlook, including international conflicts, natural disasters,
public health crises, and the measures taken in response to these
events; and the ability of the Bank to anticipate and successfully
manage risks arising from all of the foregoing factors. The
foregoing list of risk factors is not exhaustive, and the
forward-looking statements made in this press release are also
subject to risks detailed in the Risk Management section of the 2025
Annual Report as well as in the Risk Management section of the
Report to Shareholders for the third quarter of 2026 and may be
updated in the quarterly reports to shareholders filed thereafter.
About National Bank of Canada
With $635 billion in
assets as at July 31, 2026, National
Bank of Canada (the “Bank”) is one of Canada's six
systemically important banks. The Bank has more than 37,000
employees in knowledge-intensive positions and operates three
business segments in Canada: Personal and Commercial Banking, Wealth
Management and Financial Markets. A fourth segment, U.S. Specialty
Finance and International, complements the growth of its domestic
operations. Its securities are listed on the Toronto Stock Exchange
(TSX: NA). Follow the Bank’s activities at nbc.ca
or via social media.
