Canadian Personal & Commercial Banking - Financial Results
Well-positioned for continued growth
Highlights
Q3'23
YTD'23
Canadian P&C business
Reported
Adjusted¹
Reported Adjusted¹
delivered continued strong
PPPT² performance
Net Income
$1.5B
$2.0B
$2.8B
$6.5B
• Good contribution from Bank
Diluted EPS
$1.97
$2.78
$3.60
$8.93
of the West, on track for
conversion Labour Day
weekend
PPPT² Y/Y Growth
25%
6%
(55)%
3%
Efficiency Ratio³
71.1%
62.1%
74.3%
59.9%
• Accelerating efficiency
initiatives to drive operating
leverage
Return on Equity
8.3%
11.7%
5.1%
12.6%
⚫ Continued strength in capital
and risk management
Return on Tangible
Common Equity4
CET15
11.9%
15.8%
6.8%
15.8%
12.3%
1 Adjusted results and measures are non-GAAP, see slide 37 for more information and slide 38 for adjustments to reported results
2 Reported and Adjusted Pre-Provision Pre-Tax earnings (PPPT) are non-GAAP measures. See slide 37 for more information and slide 41 for calculation of PPPT
3 Reported and Adjusted Net Revenue and measures calculated based on Net Revenue are non-GAAP measures. Net Revenue is net of insurance claims, commissions and changes in policy benefit liabilities (CCPB).
Efficiency Ratio is calculated based on Net Revenue and is also a non-GAAP Measure. See slide 37 for more information and slide 40 for calculation of Net Revenue
4 Reported and Adjusted Return on Tangible Common Equity (ROTCE) are non-GAAP measures. See slide 37 and Non-GAAP and Other Financial Measures section of the Third Quarter 2023 MD&A for more information
5 The Common Equity Tier 1 (CET1) Ratio is disclosed in accordance with OSFI's Capital Adequacy Requirements (CAR) Guideline
BMOM
Strategic Highlights August 29, 2023
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