Investor Presentaiton

U.S. Retail (US$) Strong quarter with continued momentum Net income up 7% YoY (Adj 17 up 8% YoY) Revenue up 11% YoY Higher deposit margins and volumes, partially offset by lower income from PPP and lower loan margins - Personal loans up 8% Business loans down 7%, or up 2% ex-PPP loans Deposits up 3% or up 5% excl. sweeps NIM17,36 of 2.62% ☐ Up 41 bps QoQ; and up 43 bps QoQ ex. PPP Up 46 bps YoY; and up 58 bps YoY ex. PPP PCL of $83MM Expenses up 8% YoY (Adj 17 up 6% YoY) Reported expenses include acquisition/integration- related costs for First Horizon Higher employee-related expenses and business investments, partially offset by productivity savings Reported and adjusted efficiency ratios of 55.3% and 54.4% respectively P&L (US$MM) (except where noted) Reported Revenue PCL Impaired TD Q3/22 QoQ YOY 2,409 4% 11% 83 +$98 +$157 105 +$30 +$52 Performing (22) +$68 +$105 Expenses 1,332 3% 8% U.S. Retail Bank Net Income Schwab Equity Pickup 896 (1%) 1% 226 28% 40% Net Income 1,122 4% 7% Net Income (C$MM) 1,442 5% 11% ROE 14.8% +60 bps +100 bps Adjusted 17 Q3/22 QoQ YOY Revenue 2,409 12% 11% Expenses 1,310 2% 6% U.S. Retail Bank Net Income 913 19% 2% Net Income 1,139 20% 8% Net Income (C$MM) ROE 1,464 22% 13% 15.0% +250 bps +120 bps $1,052 $1,092 $1,079 $1,122 $1,006 Earnings (US$MM) 22 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22

View entire presentation