RBC Exceeds Targets, Deploys Record Loan Growth
Royal Bank of Canada (RY) shared its growth strategy and financial performance at the Barclays 24th Annual Global Financial Services Conference. The bank has already met some targets set at its Investor Day about 18 months ago, including a stronger return on equity and better efficiency ratio.
The Q3 2026 return on equity was just over 18%, while the common equity tier 1 ratio stood at 13.5%. RBC deployed just over $80 billion in loan growth across retail, commercial, and corporate segments in the quarter, more than its next two competitors combined.
Chief Financial Officer Katherine Gibson said the bank is already hitting some of its targets and remains focused on further expansion. The medium-term return on equity target remains 17% plus, with an emphasis on the plus, meaning RBC is not holding itself back.