ATB posts $348M net income for 2024-25

ATB Financial reported $348 million in net income for the year ended March 31, 2025, up from $337 million the prior year, according to annual financial information released Thursday.

The Edmonton-based bank, a Crown corporation of Alberta, also posted a record total revenue of $2.2 billion, up 8% from the previous year.

The revenue increase was partially driven by a strong loan portfolio, which reached $54.3 billion, and a major increase in other income.

ATB Wealth had $37.2 billion in assets under administration of March 31, compared to $28.6 billion at the same time last year. Its client base has also grown to 835,000 from 814,000 last year.

The bank’s wealth management team stood at 5,251 members, down from 5,410 in the third quarter.

Jonathan Got

Jonathan Got is a reporter with Advisor.ca and its sister publication, Investment Executive. Reach him at jonathan@newcom.ca.