Supplementary Financial Information Q1 2023
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Highlights
Operating Performance
Reported ($ millions)
Net income
Net income attributable to common shareholders.
EPS ($)
ROE (%) (1)
Basic
Diluted
Net interest margin (%) (2)
Productivity ratio (%) (1)
2023
2022
2021
Full Year
Q1
14
Q4
Q3
22
Q2
Q1
Q4
Q3
Q2
22
Q1
2022
2021
1,772
2,093
2,594
2,747
2,740
2,559
2,542
2,456
2,398
10,174
9,955
1,631
1,949
2,504
2,595
2,608
2,411
2,426
2,289
2,265
9,656
9,391
1.37
1.64
2.10
2.16
2.15
1.98
2.00
1.89
1.87
8.05
7.74
1.36
1.63
2.09
2.16
2.14
1.97
1.99
1.88
1.86
8.02
7.70
9.9
11.9
15.3
16.2
15.8
14.8
15.0
14.8
14.2
14.8
14.7
2.11
2.18
2.22
2.23
2.16
2.17
2.23
2.26
2.27
2.20
2.23
55.9
59.4
53.7
52.4
52.5
55.6
52.8
52.2
52.1
54.4
53.2
Effective tax rate (%) (1)
38.4
18.5
18.8
22.9
24.0
21.2
22.5
23.2
22.7
21.3
22.4
Adjusted ($ millions) (2)
Net income
2,366
2,615
2,611
2,765
2,758
2,716
2,560
2,475
2,418 10,749
10,169
Net income attributable to common shareholders (Diluted)
2,239
2,474
2,527
2,613
2,650
2,565
2,453
2,321
2,327 10,267
9,643
EPS ($)
Diluted
1.85
2.06
2.10
2.18
2.15
2.10
2.01
1.90
1.88
8.50
7.87
ROE (%)(3)
13.4
15.0
15.4
16.4
15.9
15.7
15.1
14.9
14.4
15.7
15.0
Productivity ratio (%)
55.7
53.7
53.4
52.1
52.2
52.8
52.5
51.9
51.8
52.8
52.2
Effective tax rate (%)
Balance Sheet ($ billions)
Total assets
Net loans and acceptances
Deposits
Common shareholders' equity
Credit Quality
Gross impaired loans
―% of loans and acceptances (1)
Net impaired loans ($ millions)
―% of loans and acceptances (1)
Allowance for credit losses ($ millions) (4)
Net write-offs as a % of average net loans and acceptances (1)
Reported
18.4
17.6
18.9
22.9
24.0
21.5
22.5
23.2
22.7
21.0
22.5
1,374.4
1,349.4
1,292.1
1,288.5
1,245.5
1,184.8
1,163.4
1,125.2
1,164.1
777.0
764.5
733.2
708.7
688.2
657.4
644.8
623.8
618.4
949.9
916.2
879.6
876.6
851.0
797.3
794.4
756.7
769.0
66.1
65.2
65.0
64.8
66.2
64.8
64.7
63.5
63.4
5,104
4,786
4,252
4,264
4,435
4,456
4,735
5,116
5,279
0.65
0.62
0.58
0.60
0.64
0.67
0.73
0.81
0.84
3,450
3,151
2,695
2,660
2,812
2,801
2,976
3,178
3,285
0.44
0.41
0.36
0.37
0.41
0.42
0.46
0.50
0.52
5,668
5,499
5,295
5,375
5,583
5,731
6,232
6,893
7,810
0.29
0.24
0.21
0.25
0.27
0.34
0.62
0.76
0.43
0.24
0.54
Provision for credit losses (PCL) ($ millions)(5)
638
529
412
219
222
168
380
496
764
1,382
1,808
PCL on loans and acceptances ($ millions) (6)
636
529
404
218
222
170
379
496
764
1,373
1,809
PCL as % of average net loans and acceptances(1
5(1)(6)
0.33
0.28
0.22
0.13
0.13
0.10
0.24
0.33
0.49
0.19
0.29
PCL on impaired loans as % of average net loans and acceptances (1)(6)
0.29
0.26
0.21
0.24
0.24
0.31
0.53
0.80
0.49
0.24
0.53
Capital and Liquidity Measures
CET1 capital ratio (%) (7)
11.5
11.5
11.4
11.6
12.0
12.3
12.2
12.3
12.2
Tier 1 capital ratio (%) (7)
13.2
13.2
13.0
12.8
13.4
13.9
13.7
13.6
13.6
Total capital ratio (%) (7)
15.2
15.3
15.0
15.0
15.1
15.9
15.7
15.7
15.7
Leverage ratio (%) (8)
CET1 risk-weighted assets ($ millions) (7)
4.2
4.2
4.2
4.2
4.4
4.8
4.8
4.7
4.7
471,528
462,448
452,800
445,273
433,682
416,105
414,169
404,727
406,780
Net stable funding ratio (NSFR) (%) (9)
109
111
109
109
108
110
112
112
115
Liquidity coverage ratio (%) (10)
122
119
122
125
123
124
123
129
129
Total Loss Absorbing Capacity (as a % of leverage exposure) (11)
8.9
8.8
9.3
9.8
9.4
9.6
8.8
8.3
8.0
TLAC (as a % of risk-weighted assets adjusted as permitted under the TLAC regime) (11)
27.9
27.4
28.4
30.1
28.3
27.8
25.3
24.2
23.3
(1) Refer to page 50 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto.
(2) Refer to Non-GAAP measures on page 4 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com.
(3) Prior period amount has been restated to align with current period calculation.
(4) Includes allowance for credit losses on all financial assets - loans, acceptances, off-balance sheet exposures and other financial assets.
(5) Includes provision for credit losses on all financial assets - loans, acceptances, off-balance sheet exposures and other financial assets.
(6) Includes provision for credit losses on certain financial assets - loans, acceptances and off-balance sheet exposures.
(7) This measure has been disclosed in this document in accordance with OSFI Guideline - Capital Adequacy Requirements (November 2018).
(8) This measure has been disclosed in this document in accordance with OSFI Guideline - Leverage Requirements (November 2018).
(9) This measure has been disclosed in this document in accordance with OSFI Guideline - Public Disclosure Requirements for Domestic Systemically Important Banks on Net Stable Funding Ratio Disclosure Requirements (January 2021).
(10) This measure has been disclosed in this document in accordance with OSFI Guideline - Public Disclosure Requirements for Domestic Systemically Important Banks on Liquidity Coverage Ratio (April 2015)
(11) This measure has been disclosed in this document in accordance with OSFI Guideline - Total Loss Absorbing Capacity (September 2018).
Scotiabank
Supplementary Financial Information (SFI)
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