Global Banking and Markets Financial Performance
Q1 2018 FINANCIAL PERFORMANCE
Strong results with solid top line growth and continued improvement in efficiency
$MM, except EPS
Q1/18
Y/Y
Q/Q
Net Income $2,337
+16%
+13%
Diluted EPS
$1.86
+18%
+13%
•
Revenue
$7,088
+3%
+4%
Expenses
$3,498
(5%)
(5%)
Productivity Ratio
49.3%
(440bps) (450bps)
Core Banking Margin
2.46%
+6bps
+2bps
.
PCL Ratio 1,2
42bps
(3bps)
PCL Ratio
on Impaired Loans 1,2
43bps
(2bps)
+1bp
DIVIDENDS PER COMMON SHARE
+0.02
+0.03
+0.03
•
YEAR-OVER-YEAR HIGHLIGHTS
Diluted EPS grew 18% or 11%³
Revenue growth up 3%
。 Net interest income up 8% from strong volume growth
and margin expansion
。 Strong asset growth in Canadian Banking and
International Banking
Expenses down 5%
o Employee benefits re-measurement credit
。 Cost reduction initiatives and HollisWealth sale
impact
。 Strong positive operating leverage
PCL ratio 1,2 on impaired loans improved
by 2 bps to 43 bps
0.74
0.76
0.76
0.79
0.79
Q1/17
Q2/17
Q3/17
■ Announced Dividend Increase
12018 amounts are based on IFRS 9. Prior period amounts were based on IAS 39
Q4/17
Q1/18
2 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
3 Excludes an employee benefits re-measurement credit of $150 million after-tax ($203 million pre-tax) and $0.12 per share
Scotiabank®
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