Manulife Bank Grows Mortgages in Q2

A Canadian bank’s mortgage portfolio reached $28.7B by Q2’s end, residential lending led gains, with balances ↑~12% yearly, ↑~4% quarterly, and ↑~6% since 2025 ended.
Including other client loans, the total net lending portfolio reached $31.75B, ↑~13% yearly, while avg. loans and mortgages also reached $31.1B in Q2.
Credit quality stayed stable: non-performing residential mortgages totaled $55M at Late-Q2’s end, still <0.2% of the residential portfolio measured at amortized cost.
Higher-risk Stage 2 residential mortgages eased to $1.27B from $1.38B, while the parent company said credit-loss provisioning stayed largely steady in Q2 overall.
The parent company posted $2.11B net income and $1.92B core earnings, but its Canada segment’s net income ↓~22% on claims and expenses.