Investor Presentaiton
Q3 2023 Financial Performance
$MM, except EPS
Q3/23
Y/Y
Q/Q
YEAR-OVER-YEAR HIGHLIGHTS
Reported
Net Income
$2,212
(15%)
2%
•
Diluted EPS down 18% (up 2% Q/Q)
Pre-Tax, Pre-Provision Profit¹
$3,528
(2%)
5%
•
Diluted EPS
$1.72
(18%)
2%
Revenue
$8,090
4%
2%
Expenses
$4,562
9%
Productivity Ratio²
56.4%
270 bps
(130 bps)
Net Interest Margin³
2.10%
(12 bps)
(3 bps)
PCL Ratio²
42 bps
20 bps
5 bps
PCL Ratio on Impaired Loans²
38 bps
17 bps
5 bps
•
Return on Equity²
12.1%
(320 bps)
(20 bps)
Return on Tangible Common Equity³
15.1%
(410 bps)
(30 bps)
•
Adjusted³
Net Income
$2,227
(15%)
2%
Pre-Tax, Pre-Provision Profit¹
$3,548
(2%)
5%
•
Diluted EPS
$1.73
(18%)
2%
•
Adjusted PTPP down 2% (up 5% Q/Q)
Revenues up 4% (up 2% Q/Q)
o Net interest income down 2% as loan growth was
offset by lower margins
o Non-interest income up 12%
NIM down 12 bps (down 3 bps Q/Q)
Expenses up 9% (flat Q/Q)
o Including negative FX impact of 4% Y/Y (1% Q/Q)
PCL ratio of 42 bps
o Performing PCL ratio of 4 bps
Loans up 7% Y/Y (down 1% Q/Q)
Deposits up 9% Y/Y (up 1% Q/Q)5
Revenue
$8,090
4%
2%
Expenses
$4,542
9%
Productivity Ratio
56.1%
270 bps
(140 bps)
Return on Equity
12.2%
(320 bps)
(20 bps)
Return on Tangible Common Equity
15.1%
(410 bps)
(30 bps)
REPORTED NET INCOME YEAR-OVER-YEAR ($ MM)
REPORTED NET INCOME 4 BY SEGMENT($ MM)
2,594
387
-12%
■Q3/22 Q3/23
105
2,212
(96)
(371)
(407)
-8%
1,213
-3%
+15%
1,062
685
376 366
378 434
628
Q3/22
Net Interest
Income
Non-Interest
Expenses
PCLS
Taxes
Q3/23
Canadian Banking
Global Wealth
Management
Global Banking and International Banking
Markets
(Constant FX)
Non-Interest
Income
1 See non-GAAP reconciliations beginning on slide 83
2 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the
measure. Such explanation is incorporated by reference hereto
3 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca
4 Attributable to equity holders of the Bank
5 Excludes Other segment
9View entire presentation