FY 2021 BALANCED APPROACH BETWEEN INVESTMENT AND COST MANAGEMENT
APPENDIX 3 | TOTAL BANK - Q4 21 RESULTS
Total Bank Summary Results - Q4 2021
($MM, TEB)
Adjusted Results (1)
Q4 21
Q3 21
Q4 20
QoQ
YOY
Revenues
2,252
2,301
2,073
(2%)
9%
Non-Interest Expenses
1,249
1,216
1,140
3%
10%
■ Revenues up 9% YoY(1) and PTPP up 8%
YoY(1)(2)
- Average loans up 11% YoY
Pre-Tax / Pre-Provisions (2)
1,003
1,085
933
(8%)
8%
-
Average deposits up 13% YoY
PCL
(41)
(43)
110
(5%)
(137%)
■
Net Income
783
839
615
(7%)
27%
Diluted EPS
$2.21
$2.36
$1.69 (6%)
31%
Efficiency Ratio (3)
55.5%
52.8%
Return on Equity (3)
18.9%
21.3%
17.1%
55.0% +270 bps +50 bps
Expenses up 10% YoY reflecting continued
investments in talent and technology
▪ PCL recovery reflecting continued strong
portfolio performance
Reported Results
Q4 21
Q3 21
Q4 20
QoQ
YoY
◉
Revenues
2,211
2,254
2,000
(2%)
11%
Diluted EPS of $2.21(1)
Non-Interest Expenses
1,258
1,216
1,259
3%
(0%)
Pre-Tax/ Pre-Provisions (2)
953
1,038
741
(8%)
29%
PCL
(41)
(43)
110
Net Income
776
839
492
(8%)
58%
Diluted EPS
$2.19
$2.36
$1.36
(7%)
61%
Return on Equity (3)
18.7%
21.3%
13.7%
Key Metrics (3)
Q4 21
Avg Loans & BAS - Total
Avg Deposits - Total
CET1 Ratio
Q3 21
180,631 174,252 162,092
246,206 237,162 217,953
12.4% 12.2% 11.8%
Q4 20
QoQ
YoY
4%
11%
4%
13%
(1) On a taxable equivalent basis and excluding specified items in Q4-21 and the Q4-20 comparable period, which are non-GAAP financial measures. See slides 2 and 35.
(2) Pre-Tax Pre-Provision earnings (PTPP) refers to Income before provisions for credit losses and income taxes.
(3) For supplementary financial measures, non-GAAP ratios and capital management measures, see slide 2.
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