(Corrects dateline to June 1 from May 31)
TORONTO, June 1 (Reuters) - National Bank of Canada reported a sharp drop in net income in the second quarter after setting aside funds to cover loans to oil & gas companies that had turned sour.
Canada's sixth-largest bank reported net income of C$210 million ($161 million) in the quarter ended April 30, down from C$404 million in the same period the previous year. Earnings per share fell to C$0.52 from C$1.13 the year before.
$1 = 1.3075 Canadian dollars Reporting by Matt Scuffham, editing by David Evans