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Oct 17, 2025 8:40 AM

Scotiabank Comments on Expected Contribution from KeyCorp's Third Quarter Earnings

TORONTO, Oct. 17, 2025 /CNW/ - Scotiabank announced today that the expected net income contribution from its ownership interest in KeyCorp will be approximately CAD $74 million in Q4 2025. This contribution represents the Bank's share of KeyCorp's Q3 2025 net income, includes acquisition-related and other accounting impacts, is net of the Bank's associated funding costs and is reported on a one-month lag.

Adjusting for the amortization of acquired intangible assets of approximately CAD $8 million, the Bank's adjusted net income contribution from KeyCorp will be approximately CAD $82 million.1

Scotiabank will release its fourth quarter financial results and host an earnings conference call on December 2, 2025. Conference call and audio webcast details will be announced closer to that date.

About Scotiabank

Scotiabank's vision is to be our clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.4 trillion (as at July 31, 2025), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX:BNS) and New York Stock Exchange (NYSE:BNS). For more information, please visit www.scotiabank.com and follow us on X

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1 Adjusted results represent a non-GAAP measure. Adjusted results remove certain specified items from revenue, non-interest expenses, income taxes and non-controlling interests. Presenting results on both a reported basis and adjusted basis allows readers to assess the impact of certain items on results for the periods presented, and to better assess results and trends excluding those items that may not be reflective of ongoing business performance.

Forward-Looking Statements

From time to time, our public communications include oral or written forward-looking statements. Statements of this type are included in this document, and may be included in other filings with Canadian securities regulators or the ...