FiledMay 27, 2026 - 7:29 AM ET

BNSBANK OF NOVA SCOTIANYSE

6-K Exhibit 99.1 — 12 months ended April 30, 2026 earnings/coverage metrics

6-KEarningsneutralImpact60

BNS Price

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N/A$0.00 (+0.00%)

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Why It Matters

These metrics relate to the bank’s profitability and its capacity to cover fixed charges, subordinated debt interest, and preferred/share distributions. Investors and analysts typically use such figures to assess earnings power, capital/debt servicing capacity, and potential constraints on dividends or capital returns. The filing lacks comparative periods and market context, so follow-up is needed to judge material impact on valuation or distributions

Summary

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The Bank of Nova Scotia’s Form 6-K files Exhibit 99.1 containing periodic financial results for the 12 months ended April 30, 2026. Key disclosed figures in the exhibit include: the Bank’s earnings before interest on subordinated indebtedness and income tax of $13,030 million (after deducting non-controlling interest); an adjusted $674 million amount for the 12 months ended April 30, 2026 (adjusted to a before-tax equivalent using an effective income tax rate of 24); interest requirements for subordinated indebtedness of $326 million for the 12 months ended April 30, 2026; and a grossed-up dividend coverage metric cited as 62% (for the 12 months ended April 30, 2026). The filing is a wrapper 6-K with Exhibit 99.1 as the meaningful attachment

Score60

Score Rationale

neutral

Exhibit 99.1 contains multiple quantitative, company-level earnings and coverage metrics for the 12 months ended April 30, 2026 that are potentially relevant to investors (profitability and dividend/coverage measures). Lack of market / prior-period context in the filing prevents a higher urgency score; thus feed-level relevance.

Bullish

Discloses substantial earnings before interest and tax: "The Bank’s earnings before interest on subordinated indebtedness and income tax for the 12 months ended April 30, 2026 were $13,030 million after deducting non-controlling interest."
Provides detailed coverage and charge metrics (useful for assessing capital and distribution capacity) including fixed-charge definitions and subordinated interest requirements.

Bearish

Grossed-up dividend coverage cited at 62% for the 12 months ended April 30, 2026, which could indicate limited buffer for additional distributions depending on capital targets and regulatory constraints.
Interest requirements for subordinated indebtedness of $326 million represent an explicit financing cost that reduces distributable earnings.

Key Evidence

(a) earnings represent income from continuing operations plus income taxes and fixed charges (excluding capitalized interest and net income from investments in associated corporations); (b) fixed charges, excluding interest on deposits, represent interest (including capitalized interest), and amortization of debt issuance costs; and (c) fixed charges, including interest on deposits, represent all interest.
$674 million for the 12 months ended April 30, 2026, adjusted to a before-tax equivalent using an effective income tax rate of 24.
interest requirements for subordinated indebtedness was $326 million for the 12 months ended April 30, 2026.
The Bank’s earnings before interest on subordinated indebtedness and income tax for the 12 months ended April 30, 2026 were $13,030 million after deducting non-controlling interest.
April 30, 2026 (1) | Grossed up dividend coverage on outstanding preferred shares and other equity instruments | 18.
62% for the 12 months ended April 30, 2026.

What To Watch Next

Obtain market and prior-period context: prior-year and prior-quarter comparable earnings and coverage metrics to assess trends.
Analyst and market reaction (share price, volume) following the filing to gauge perceived materiality.
Issuer disclosures or investor presentations that translate these coverage metrics into dividend or capital return implications.
Any subsequent regulatory filings (annual report, earnings release, investor presentation) that provide reconciliations and comparatives.

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Original Filing Text

SEC filing text preserved from the raw item store.

### 6-K - 6-K
6-K
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d23318d6k.htm
6-K

6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

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THE BANK OF NOVA SCOTIA

(Name of registrant)

40 Temperance Street, Toronto, Ontario, M5H 0B4

(Tel.: (416) 866-3672)

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☐ Form 40-F ☒
This report on Form 6-K shall be deemed to be incorporated
by reference in The Bank of Nova Scotia’s registration statements on Form S-8 (File No. 333-199099) and Form F-3 (File No. 333-282565) and to be a part thereof from the date on which this report is filed, to the extent not superseded by
documents or reports subsequently filed or furnished.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

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Title: Senior Vice-President & Chief Accountant |

EXHIBIT INDEX

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Exhibit
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Description of Exhibit
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99.1 |
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2026 Second Quarter Earnings Coverage |

### EX-99.1 - EX-99.1
EX-99.1
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d23318dex991.htm
EX-99.1

EX-99.1

Exhibit 99.1

THE BANK OF NOVA SCOTIA

EARNINGS COVERAGE

Earnings Coverage on Subordinated Indebtedness and Preferred Shares and Other Equity Instruments

The consolidated financial ratios for the Bank are set forth in the table below:

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Twelve months ended
April 30, 2026 (1) |
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Grossed up dividend coverage on outstanding preferred shares and other equity instruments
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18.85 |
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Interest coverage on subordinated indebtedness
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39.97 |
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Grossed up dividend and interest coverage on preferred shares, other equity instruments and
subordinated indebtedness
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13.03 |
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The Bank’s dividend requirements on all of its outstanding preferred shares and other equity instruments was
$674 million for the 12 months ended April 30, 2026, adjusted to a before-tax equivalent using an effective income tax rate of 24.62% for the 12 months ended April 30, 2026. The Bank’s
interest requirements for subordinated indebtedness was $326 million for the 12 months ended April 30, 2026. The Bank’s earnings before interest on subordinated indebtedness and income tax for the 12 months ended April 30, 2026
were $13,030 million after deducting non-controlling interest. In calculating the dividend and interest coverages, foreign currency amounts have been converted to Canadian dollars.

Consolidated Ratios of Earnings to Fixed Charges

The table below sets forth the Bank’s consolidated ratios of earnings to fixed charges:

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Twelve months ended
April 30, 2026 (1) |
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Excluding interest on deposits
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6.22 |
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Including interest on deposits
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1.37 |
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For purposes of computing these ratios:

(a) earnings represent income from continuing operations plus income taxes and fixed charges (excluding capitalized interest and net income from investments in
associated corporations);
(b) fixed charges, excluding interest on deposits, represent interest (including capitalized interest), and amortization
of debt issuance costs; and
(c) fixed charges, including interest on deposits, represent all interest.

All amounts presented herein are derived from financial information prepared in accordance with International Financial Reporting Standards (IFRS) as issued
by the International Accounting Standards Board (IASB). The ratios reported are not defined by IFRS and do not have any standardized meanings under IFRS and thus may not be comparable to similar measures used by other issuers.

(1) |
This measure has been disclosed in this document in accordance with section 8.4 of National Instrument 44-102
– Shelf Distributions.
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