National Bank of Canada stock after-hours: Bank approves 10 million-share buyback

National Bank of Canada approved a normal course issuer bid to repurchase up to 10 million common shares for cancellation. The program takes effect October 8, 2026.

National Bank of Canada announced on October 6, 2026, that the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions had approved its normal course issuer bid. The program allows the bank to repurchase up to 10,000,000 common shares for cancellation, representing approximately 2.6% of the 381,739,059 shares outstanding on September 25, 2026. The announcement was published in a National Bank of Canada press release.

Buyback schedule

The issuer bid will be effective on October 8, 2026, and will end no later than October 7, 2027. National Bank Financial Inc. will act as the designated broker, and shares acquired under the program will be cancelled, according to the issuer’s release.

Repurchase limits

Under Toronto Stock Exchange requirements, the bank may repurchase up to 331,793 common shares on the same trading day, excluding purchases made under the block purchase exception. That limit represents 25% of the average daily trading volume over the six completed calendar months cited by the bank, according to the company announcement.