TD Bank Financial Performance and Strategy Update
TD in North America
TD
Q1 2017
C$ except otherwise noted
TD
Canadian
Ranking³
North
American
Ranking4
Total assets
$1,187B
1st
5th
Total deposits
$775B
1st
5th
Market capitalization
$125.1B
2nd
6th
Reported net income (trailing four quarters)
$9.2B
2nd
6th
Adjusted net income¹ (trailing four quarters)
$9.6B
n/a
n/a
Common Equity Tier 1 capital ratio²
10.9%
5th
8th
Average number of full-time equivalent staff
83,508
2nd
6th
TD is a Top 10 North American bank
1. The Bank prepares its consolidated financial statements in accordance with International Financial Reporting Standards (IFRS), the current generally accepted accounting principles (GAAP), and refers to results prepared in accordance with IFRS
as the "reported" results. The Bank also utilizes non-GAAP financial measures to arrive at "adjusted" results (i.e. reported results excluding "items of note", net of income taxes) to assess each of its businesses and measure overall Bank
performance. Please see "How the Bank Reports" in the First Quarter Earnings News Release and MD&A for further explanation and a reconciliation of the Bank's non-GAAP measures to reported basis results. Trailing four quarter items of note:
Amortization of intangibles of $240 million after tax, a gain of $101 million after tax due to the change in fair value of derivatives hedging the reclassified available-for-sale securities portfolio and the impairment of goodwill, non-financial assets, and
other charges of $116 million after tax.
2. See slide 21, footnote 1.
3. Canadian Peers - defined as other 4 big banks (RY, BMO, BNS and CM). Based on Q1/17 results ended January 31, 2017.
4. North American Peers - defined as Canadian Peers and U.S. Peers. U.S. Peers - defined as Money Center Banks (C, BAC, JPM) and Top 3 Super-Regional Banks (WFC, PNC, USB), based on Q4/16 results ended December 31, 2016.View entire presentation