Net income of Royal Bank of Canada 2014-2023
The net income of Royal Bank of Canada (RBC) grew steadily between 2014 and 2023, except for a significant drop in 2020. The net income recovered again in 2021, reaching a value of around 16.1 billion Canadian dollars, which was the highest value during the observed period. In 2022, the net income of the bank was 15.8 billion Canadian dollars, which dropped to 14.87 billion Canadian dollars in 2023.