RBC beat earnings estimates in Q1 2026 with strong banking and wealth performance, raised dividends, but shares fell despite higher profits.

Royal Bank of Canada reported first-quarter 2026 adjusted earnings of C$4.08 per share, surpassing analysts’ expectations of C$3.85, on revenue of C$17.96 billion, up 7.3% year-over-year. Strong performance in personal banking, wealth management, and capital markets drove results, though credit-loss provisions rose to C$1.09 billion. The bank maintained a strong capital position with a common equity Tier 1 ratio of 13.7% and raised its quarterly dividend. Despite the positive earnings, shares dipped during midday trading.