Financial Markets Summary Q4 2022

APPENDIX 4 | PERSONAL AND COMMERCIAL BANKING P&C Summary Results - Q4 2022 ($MM) Q4 22 Q3 22 Q4 21 QoQ YoY Revenues 1,071 1,043 930 3% 15% Personal 595 605 570 (2%)(2) 4% Commercial 476 438 360 9% 32% Non-Interest Expenses 551 537 511 3% 8% Pre-Tax/Pre-Provisions 520 506 419 3% 24% PCL 42 49 (5) Net Income 351 336 311 4% 13% Revenues up 15% YoY on solid balance sheet growth and margin expansion Average loans up 9% YoY and average deposits up 8% YoY NIM up 20 bps YoY and 8 bps QoQ on higher deposit margins partly offset by lower loan spreads Key Metrics Q4 22 Q4 22 Q4 21 QoQ YOY Expenses up 8% YoY Avg Loans & Bas 144,532 141,736 132,319 2% 9% Salaries and continued technology investments Personal Commercial Avg Deposits Personal 94,526 50,006 48,322 43,670 93,414 88,649 1% 7% 3% 15% 85,911 83,023 79,826 3% 8% P&C Net Interest Margin 38,835 38,416 37,100 1% 5% Commercial 47,076 44,607 42,726 6% (NIM on Earning Assets) 10% NIM (¹) (%) Efficiency Ratio (¹) (%) 2.25% 2.17% 2.05% 0.08% 0.20% 2.25% 51.4% 51.5% 54.9% -10 bps -350 bps 2.17% PCL Ratio 0.12% 0.14% (0.01%) 2.09% 2.05% 2.05% (1) Represents a supplementary financial measure. See slide 2. (2) Revenues in Q3 2022 reflected a favourable insurance actuarial reserve adjustment. Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 23

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