The bank is raising its quarterly dividend by two cents to 57 cents per share.
Net income for the period was $2.05 billion, or $1.69 per share, up from $1.3 billion, or $1.10 per share, a year ago.
Scotiabank's Core EPS, a measurement the bank says best compares with analyst predictions, was $1.22 per share. A survey by Thomson Reuters had shown analysts, on average, expected earnings of $1.19 per share.
"Canadian banking had a very strong quarter with very good volume growth, disciplined expense control and lower provisions," said Scotiabank president and CEO Rick Waugh in a release.
The bank says the results included an after-tax gain of $614 million from the sale of its headquarters, Scotia Plaza, a 68-storey tower near the corner of King and Bay streets.