Scotia Group Jamaica posts lower profit as Melissa leaves its mark on first quarter

The second largest bank, Scotia Group Jamaica Limited (SGJ), reported net income of $4.1 billion for its first quarter ended January 2026, a modest decline from the $4.2 billion posted in the same period a year earlier, as the full financial weight of Hurricane Melissa pressed on the bank’s bottom line through higher credit losses and swelling operating costs. The results offer the clearest window into how SGJ absorbed last October’s Category 5 hurricane.