Consistent Earnings Growth and Digital Engagement

Canadian Personal & Commercial Banking Strong quarter with record earnings from continued growth momentum Net income up 11% YoY Revenue up 16% YoY Margin expansion, volume growth and increased client activity Loan volumes up 9% Deposit volumes up 4%; including industry-leading market share gains in non-term deposits NIM 20,42 of 2.70% ■ Up 11 bps QoQ: higher deposit margins reflecting rising interest rates, partially offset by lower loan margins Up 22 bps YoY: higher deposit margins reflecting rising interest rates, partially offset by lower loan margins and balance sheet mix changes PCL of $229MM Expenses up 12% YoY ■ Higher spend supporting business growth, including technology and employee-related expenses Efficiency ratio of 43.1% P&L ($MM) Reported Revenue PCL Impaired Performing Expenses Net Income ROE⁹ Earnings ($MM) TD Q4/22 QoQ YOY 4,454 5% 16% 229 +$59 +$176 184 +$42 +$44 45 +$17 +$132 1,921 6% 12% 1,694 1% 11% 41.9% -40 bps -450 bps $1,529 $1,618 $1,568 $1,678 $1,694 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 21 24

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