Financial Performance and Digital Progress Update
International Banking: CCA¹
FINANCIAL PERFORMANCE AND METRICS ($MM)
as at Q4/23
Reported (Constant Dollar Basis)2,3
Q4/23
Q3/23
Q4/22
Q/Q²
Y/Y2
Central
Revenue
$614
$611
$544
1%
13%
America
Expenses
$344
$344
$344
GEOGRAPHIC
DISTRIBUTION 7
18%
REVENUE
English
Caribbean
67%
Pre-Tax, Pre-Provision Profit4
$270
$267
$200
1%
35%
$614MM
Provision for Credit Losses
$36
$27
$45
33%
(21%)
Net Income Attributable to Equity Holders³
$163
$164
$100
(1%)
62%
Dominican
Republic
15%
Net Interest Margin 3,4
5.78%
5.81%
5.63%
(3 bps)
15 bps
Risk Adjusted Margin 4,5
5.30%
5.44%
5.02%
(14 bps)
28 bps
Return on Equity3,4
20.1%
20.4%
12.8%
(30 bps)
732 bps
Productivity Ratio
56.1%
56.5%
61.5%
(41 bps)
(533 bps)
Central
America
13%
Dominican
Republic
8%
English
Caribbean
79%
NIAEH3
$163MM
Effective Tax Rate
17.5%
20.0%
19.9%
(247 bps)
(233 bps)
17.6%
7.9%
4.9%
2021
REPORTED RETURN ON EQUITY (%)
English Caribbean
1 All figures exclude wealth management
26.1%
8.5%
6.0%
2022
Dominican Republic
50.4%
Central
America
32%
10.1%
6.7%
Dominican
Republic
2023
15%
Central America
AVERAGE
EARNING ASSETS
$33Bn
English
Caribbean
54%
2 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics and change in bps are on a reported basis
3 Refer to non-GAAP measures on page 20 of the Management's Discussion & Analysis in the Bank's 2023 Annual Report, available on http://www.sedarplus.ca
4 See non-GAAP reconciliations beginning on slide 43
5 Risk-Adjusted Margin calculated as (Net Interest Income less Provision for Credit Losses) / Average Core Earning Assets. See non-GAAP reconciliations beginning on slide 43
6 Refer to page 136 of the Management's Discussion & Analysis in the Bank's 2023 Annual Report, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is
incorporated by reference hereto
7 May not add due to rounding
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