The total revenue for the fourth quarter of 2011 was C$4.35bn, compared to C$3.94bn for the same period a year ago.
Net interest income increased to C$2.40bn, compared to C$2.24bn for the corresponding period a year ago.
Scotiabank president and CEO Rick Waugh said that Canadian Banking posted a net income of $460m in the quarter and the results were driven by residential mortgage and commercial lending growth and higher deposit volumes in each of retail, commercial and small business banking.
"International Banking delivered a net income of $373m and net income in Global Wealth Management was $250m this quarter, despite volatile markets," added Waugh.
