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RBC Bank Earnings Reports

Get access to the key financial metrics that industry professionals need to know from RBC’s quarterly earnings reports. WOWA Data Labs has gathered time series for bank balance sheets and the performance of Canadian banks.

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RBC, Canada's largest bank by total assets, has seen its total assets increase significantly over the past few decades. Since 1996, RBC's total assets have grown from $191 billion to $2.17 trillion by Q4 2024, an increase of over 1,000%.

Although RBC has had an early lead, TD has been closing the gap in recent years with particularly accelerated growth post-2010, increasing its total assets by over 1,800% over the same time span to $2.09 trillion as of Q1 2025. However, TD's growth has been mostly in the US, where recently it has received significant reputational and financial blows, while RBC has grown in the much safer Canadian market.

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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.

Total assets can be divided into four key components: total loans, total securities, total cash and cash equivalents, and total other assets. RBC's total loans have grown steadily since 1996, while its total securities saw a more measurable spike in 2023.

Cash and cash equivalents spiked in 2020, showing a need for liquidity during the uncertainty surrounding the pandemic, although it has steadily declined since then. The significant loan growth throughout these periods shows that lending remains a primary focus of RBC, contributing the majority of its total assets.

This chart provides a proportional breakdown of RBC's total assets into its four key categories over time. Loans make up 50-60% of RBC's total assets. There was a large growth in RBC's other assets in 2011, eroding the share of loans and securities, while cash saw a spike during the pandemic. Overall, the breakdown of RBC's assets remains relatively consistent over time, with loans dominating.

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 Q4 2024, dipping again in Q1 2025. PCL saw 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 Q1 2025 corresponds with net write-offs and notably rising PCLs, highlighting increasing credit risk as RBC fortifies its reserves.

RBC's total gross loans and acceptances grew from $679.8 billion in Q3 2020 to $1.01 trillion in Q1 2025, with Q1 2025 being the first time it has crossed the $1 trillion mark. Loans in Canada formed the bulk of RBC's loan portfolio, increasing from $517 billion in Q3 2020 to $760 billion in Q1 2025. 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 $190 billion in Q1 2025. Loans in other countries represented the smallest portion of RBC's portfolio but grew from $45 billion in Q3 2020 to $62.6 billion in Q1 2025.

Total residential mortgages have grown from $330.3 billion in Q3 2020 to $482 billion in Q1 2025, 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 $395 billion in Q1 2025.

Home Equity Lines of Credit (HELOC) remained relatively stable, beginning at $38.7 billion in Q3 2020 and ending at $39.4 billion in Q1 2025. 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 $25.2 billion in Q1 2025. 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, although it is a slight decrease from Q4 2024. Meanwhile, other personal loans increased from $51.4 billion in Q3 2020 to $70.9 billion in Q1 2025.

Deposits in Canada make up the largest share of RBC's deposit portfolio, growing from $759.9 billion in Q3 2020 to over $1.13 trillion by Q1 2025. 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 $1.44 trillion in Q1 2025.

Next RBC Earnings Date 💡

RBC's upcoming earnings report for Q2 2025 is scheduled to be released on May 29, 2025, before the market opens.

Data Packages for Financial Institutions!

Plans starting from $500 per month

If you're interested in learning more about our pricing plans and how WOWA Data Labs can meet your specific data needs, use the form below to get in touch with us.

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.