Data

RBC Bank Earnings Reports

Get access to the key financial metrics that industry professionals need to know from RBC’s quarterly earnings reports.

Latest Data Period: Q3 2024

RBC's Financial Highlights

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Total Assets and Market Cap

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Royal Bank of Canada (RBC) has seen its total assets increase steadily for the past few years, although non-interest income from RBC’s Q3 2024 earnings remains below the recent highs seen from 2020 to early 2022. Revenue overall maintains a growing trend, reaching its highest levels in Q3 2024.

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RBC’s Financial Highlights: Dataset

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($ Millions)Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024
Non-Interest Income1111111111111111111111111111111166916143715375317304
Revenue111111111111111111111111111111111297712685134851415414631
Reported Net Income1111111111111111111111111111111138603939358239504486
Adjusted Net Income1111111111111111111111111111111140173965406641984727
Market Cap11111111111111111111111111111111182368155121184777188371218100
Total Assets1111111111111111111111111111111119590632006531197440520310502076107

Note: RBC adopted IFRS 17 effective November 1, 2023, with restated numbers shown up to Q1 2023. Results prior to Q1 2023 are based on IFRS 4.

RBC’s Credit Risk Data

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RBC is seeing some interesting trends in its credit risk, shown through its Net Write-Offs, Provision for Credit Losses (PCL), and Allowance for Credit Losses (ACL). Net write-offs initially decreased after Q3 2020 but reversed course as they gradually rose through Q3 2024. PCL saw significant negative values in Q3 2021 and Q2 2022, indicating recovery of provisions, although it has since been followed by an upward trend starting in Q3 2022. The increase in ACL from Q3 2022 to Q3 2024 corresponds with rising PCL and net write-offs, highlighting increasing credit risk as RBC fortifies its reserves.

RBC’s Loans Geographic Distribution Data

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RBC’s total gross loans and acceptances grew from $679.8 billion in Q3 2020 to $978.3 billion in Q3 2024. Loans in Canada formed the bulk of RBC’s loan portfolio, increasing from $517 billion in Q3 2020 to $751.2 billion in Q3 2024. This steady rise highlights RBC’s significant presence in Canada, with especially strong growth in 2024, stemming from RBC’s acquisition of HSBC Bank Canada.

Loans in the U.S. peaked at $176.1 billion in Q2 2024 before slightly decreasing to $169.2 billion in Q3 2024. Loans in other countries represented the smallest portion of RBC’s portfolio but grew from $45 billion in Q3 2020 to $57.9 billion in Q3 2024.

RBC’s Credit Risk and Loans Geographic Distribution Dataset

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($ Millions)Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024
Total Gross Loans and Acceptances11111111111111111111111111111111859,615879,522880,451975,365978,302
Loans in Canada11111111111111111111111111111111646,326656,606661,754746,530751,211
Loans in US11111111111111111111111111111111161,521169,126166,469176,146169,177
Loans in Other Countries1111111111111111111111111111111151,76853,79052,22852,68957,914
Net Write-Offs11111111111111111111111111111111355364454476537
PCL11111111111111111111111111111111616720813920659
ACL111111111111111111111111111111114,9905,3665,6506,0976,155

RBC’s Loan Portfolio Data

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Total mortgages have grown from $330.3 billion in Q3 2020 to $473.6 billion in Q3 2024, with a spike in Q2 2024 after the completion of RBC’s acquisition of HSBC Bank Canada. Business and government loans fluctuated but grew overall, from $241.6 billion in Q3 2020 to a peak of $377.5 billion in Q2 2024, before a slight dip to $374.1 billion in Q3 2024.

Home Equity Lines of Credit (HELOC) remained relatively stable, beginning at $38.7 billion in Q3 2020 and ending at $39 billion in Q3 2024. While fluctuating slightly, HELOC volumes remained within a close range, showing consistent demand for home equity products but not experiencing the same growth as mortgages.

Credit cards saw steady growth over the years, increasing from $17.7 billion in Q3 2020 to $25 billion in Q3 2024. This rise suggests increased consumer spending and borrowing, particularly post-2021, as price levels rose. The steady climb in credit card loans reflects increased consumer confidence and demand for credit-based spending. Meanwhile, other personal loans increased from $51.4 billion in Q3 2020 to $66.6 billion in Q3 2024.

RBC’s Loan Portfolio Dataset

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($ Millions)Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024
Total Residential Mortgages11111111111111111111111111111111429,423434,501433,564469,375473,640
Total HELOC1111111111111111111111111111111136,73836,64436,58338,74539,023
Total Credit Card1111111111111111111111111111111122,31223,03523,00524,38824,997
Total Personal Loans1111111111111111111111111111111159,49962,09062,69265,39066,565
Total Business and Gov.11111111111111111111111111111111311643323252324607377467374077

RBC’s Deposits Data

Total Deposits in Canada, Deposits in US and Deposits in Other Countries

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Deposits in Canada make up the largest share of RBC’s deposit portfolio, growing from $759.9 billion in Q3 2020 to over $1.08 trillion by Q3 2024. However, U.S. deposits have shrunk since Q2 2022, as well as deposits in all other countries after Q4 2022. Total deposits at RBC have still grown from $1.02 trillion in Q3 2020 to $1.36 trillion in Q3 2024.

RBC’s Deposits Dataset

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($ Millions)Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024
Total Deposits111111111111111111111111111111111,215,6711,231,6871,241,1681,327,6031,361,265
Deposits in Canada11111111111111111111111111111111933,026950,003965,6851,063,3041085830
Deposits in US11111111111111111111111111111111191452191588191444187996187214
Deposits in Other Countries11111111111111111111111111111111911939009684,03976,30388221
Next RBC Earnings Date 💡

RBC’s upcoming earnings report for Q4 2024 will be released on December 4, 2024, before the market opens.

Data Packages for Financial Institutions!

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Disclaimer:

  • Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
  • The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
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  • Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.