Financial Performance and Digital Progress Update
Other
(603)
REPORTED NET INCOME 1, 2 ($MM)
(323)
(299)
Q4/22
(913)
Q1/23
Q2/23
(100)
ADJUSTED NET INCOME 1, 2,
(759)
•
•
HIGHLIGHTS
Reported net loss this quarter includes adjusting
items loss of $272 million compared to $503
million in Q4/22
Adjusted net loss increased $387 million from the
prior year, and $188 million from the prior quarter
Q/Q and Y/Y: Lower revenues
o Higher funding costs
o Lower investment gains and income from
associated corporations
o Partly offset by higher income from liquid
assets
Q3/23
Q4/23
3
($ MM)
(299)
(334)
(323)
(487)
Q4/22
Q1/23
Q2/23
Q3/23
Q4/23
1 Includes all other smaller operating segments and corporate adjustments, such as the elimination of the tax-exempt income gross-up reported in net interest income, non-interest income and provision
for income taxes and differences in the actual amount of costs incurred and charged to the operating segments
2 Attributable to equity holders of the Bank
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
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