LÉVIS – Desjardins Group says its revenue and earnings rose last year despite putting more provisions aside for potentially bad loans.
The Quebec-based financial co-operative says it had surplus earnings before member dividends of $1.06 billion in the quarter ending Dec. 31, up from $826 million in the same quarter the prior year.
For 2025 as a whole, Desjardins reported surplus earnings of $3.81 billion, up from $3.36 billion in 2024.
Revenue rose to $16.31 billion for the year, up from $14.66 billion.
Provisions for credit losses were down in the fourth quarter compared with a year earlier, while for all of 2025 provisions came in at $688 million, up from $597 million in 2024.
The co-operative, which has more than 10 million clients, says it had $510.2 billion in assets as of the end of the year.
Chief executive Denis Dubois said the results helped Desjardins increase its payouts to members and for community benefit initiatives like its efforts to build 10,000 housing units to address affordability.
“This performance gives us the means to continue investing where it counts, for economic and social development across the country.”
This report by The Canadian Press was first published Feb. 24, 2026.
