Desjardins Group reported $1.2 billion in surplus earnings before member dividends in the second quarter, up 34.8% or $313 million from the same period in 2025.
Desjardins distributed $151 million to members in dividends, up 33.6% from $113 million in the second quarter of last year.
Total net revenue amounted to $4.6 billion in the second quarter, compared to $4.1 billion a year earlier. The 13% year-over-year increase was mainly driven by higher net interest income in the personal and business services segment.
The financial service cooperative’s wealth management and life and health insurance segment reported surplus earnings of $252 million in Q2, up from $226 million from the corresponding period in 2025. The 11.5% gain was mainly attributed to Desjardins’ acquisition of Guardian Capital Group Limited.
Provision for credit losses of $165 million was down from $203 million in the same quarter of 2025, in part from lower provision related to credit-impaired loans in the business loan portfolio.
Desjardins had $704 billion in assets under administration and $306 billion in assets under management as of June 30, up from $638 billion and $112 billion at the same time last year, respectively.