Capital Markets & Funding Strategies
Non-GAAP Financial Measures
We use a number of financial measures to assess the performance of our business lines. Some measures are calculated in accordance with
International Financial Reporting Standards (IFRS or GAAP), while other measures do not have a standardized meaning under GAAP, and
accordingly, these measures may not be comparable to similar measures used by other companies. Investors may find these non-GAAP measures,
which include non-GAAP financial measures and non-GAAP ratios as defined in National Instrument 52-112 "Non-GAAP and Other Financial
Measures Disclosure", useful in understanding how management views underlying business performance.
Management assesses results on a reported and adjusted basis and considers both as useful measures of performance. Adjusted measures, which
include adjusted total revenue, adjusted provision for credit losses, adjusted non-interest expenses, adjusted income before income taxes, adjusted
income taxes, adjusted net income and adjusted pre-provision, pre-tax earnings, remove items of note from reported results and are used to
calculate our adjusted results. Adjusted measures represent non-GAAP measures.
Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the "Non-GAAP
measures" section on pages 8 to 13 of our Q2/22 Management's discussion and analysis (MD&A), available on SEDAR at www.sedar.com.
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