Quarterly Financial Performance
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Business Segment Performance: International Banking
2023
2022
2021
Year-To-Date
Full Year
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
2023
2022
2022
2021
Income Statement- Taxable Equivalent Basis (TEB)-($ millions)
Net interest income (TEB)
2,118
2,007
1,899
1,806
1,759
1,687
1,648
1,589
1,586
6,024
5,094
6,900
6,625
Non-interest income (TEB)
728
745
802
698
660
720
749
728
776
2,275
2,129
2,827
2,993
Net fee and commission revenues
620
582
634
557
539
547
550
519
494
1,836
1,636
2,193
2,058
Net income (loss) from investments in associated corporations
62
69
63
51
54
77
68
52
52
194
199
250
206
Other operating income (TEB)
Total revenue (TEB)
Provision for credit losses
Non-interest expenses
Income before taxes
Income tax expense (TEB)
Reported net income
Adjusting items (after-tax)(")
Adjusted net income(¹)
Reported net income attributable to non-controlling interests (NCI)
46
94
105
90
67
96
131
157
230
245
294
384
729
2,846
2,752
2,701
2,504
2,419
2,407
2,397
2,317
2,362
8,299
7,223
9,727
9,618
516
436
404
355
325
276
274
314
339
1,356
875
1,230
1,574
1,491
1,479
1,436
1,364
1,295
1,268
1,285
1,259
1,299
4,406
3,848
5,212
5,254
839
837
861
785
799
863
838
744
724
2,537
2,500
3,285
2,790
192
172
169
106
122
182
208
137
160
533
512
618
635
647
665
692
679
677
681
630
607
564
7
8
7
7
6
8
7
7
7
2,004
22
1,988
2,667
2,155
21
654
673
699
686
683
689
637
614
571
19
23
38
36
52
76
85
79
78
2,026
80
2,009
28
2,695
32
2,187
213
249
332
Reported net income attributable to equity holders of the Bank (NIAEH)
Adjusted net income attributable to non-controlling interests (NCI)()
Adjusted net income attributable to equity holders of the Bank (NIAEH)<
Profitability Measurements
628
642
654
643
625
605
545
528
486
1,924
1,775
2,418
1,823
19
23
38
36
52
76
85
79
78
80
213
249
332
635
650
661
650
631
613
552
535
493
1,946
1,796
2,446
1,855
Net interest margin (
4.10
4.12
4.00
4.08
3.95
3.96
3.87
3.78
3.81
4.08
3.92
3.96
3.95
Net write-offs as a % of average net loans and acceptances (2)
0.98
0.83
0.88
0.76
0.74
0.76
0.88
1.25
2.37
0.90
0.79
0.79
1.89
Reported
Return on equity (%))
13.4
13.2
13.4
13.1
13.0
13.2
12.2
12.0
11.1
13.4
12.8
12.9
10.4
Provision for credit losses (PCL) as % of average net loans and acceptances (2) (3)
PCL on impaired loans as % of average net loans and acceptances (2) (3)
Productivity ratio (%) (2)
1.18
1.03
0.96
0.89
0.84
0.77
0.77
0.91
1.00
1.05
0.80
0.82
1.15
1.11
0.94
0.89
0.81
0.68
0.77
0.81
1.18
2.08
0.98
0.75
0.77
1.88
52.4
53.7
53.2
54.5
53.5
52.7
53.6
54.3
55.0
53.1
53.3
53.6
54.6
Adjusted (¹)
Return on equity (%)
13.6
13.4
13.6
13.2
13.1
13.3
12.4
12.2
11.3
13.5
13.0
13.0
10.6
Productivity ratio (%)
52.0
53.3
52.8
54.1
53.2
52.2
53.2
53.9
54.6
52.7
52.9
53.2
54.2
Average Balance Sheet ($ billions)
Residential mortgages
52.7
51.4
47.8
44.3
42.3
42.0
39.7
38.6
38.3
50.6
41.3
42.1
38.6
Personal loans
20.4
20.4
19.5
18.7
18.4
18.2
17.7
17.9
18.2
20.1
18.2
18.3
18.6
Credit cards
8.8
8.7
8.2
7.6
7.4
7.3
6.7
6.3
6.5
8.6
7.1
7.2
7.3
Business and government loans & acceptances
96.2
96.7
95.1
90.1
86.6
83.1
79.3
78.1
74.9
96.0
83.1
84.8
76.7
Total loans & acceptances
178.1
177.2
170.6
160.7
154.7
150.6
143.4
140.9
137.9
175.3
149.7
152.4
141.2
Investment securities
20.9
20.3
18.2
17.5
16.6
16.1
15.5
15.8
16.5
19.8
16.1
16.4
16.5
Deposits with banks
16.7
15.9
15.8
15.0
15.4
16.1
16.8
14.9
15.9
16.2
16.1
15.8
16.0
Other assets
Total assets
Personal deposits
Non-personal deposits
Total deposits
25.7
25.3
23.8
23.9
22.4
21.1
20.4
20.6
20.4
24.8
21.1
21.9
20.4
241.4
238.7
228.4
217.1
209.1
203.9
196.1
192.2
190.7
236.1
203.0
206.5
194.1
42.2
40.9
39.5
37.8
36.7
36.4
35.5
36.2
35.7
40.9
36.2
36.6
36.3
86.6
85.0
79.5
74.9
72.0
69.8
65.7
65.9
67.2
83.6
69.1
70.6
67.2
128.8
125.9
119.0
112.7
108.7
106.2
101.2
102.1
103.0
124.5
105.3
107.2
103.5
Other liabilities
Total liabilities
Other Information
Employees(4)
55.5
54.7
49.7
47.6
46.5
42.7
42.8
43.6
43.3
53.3
44.1
44.9
45.0
184.3
180.6
168.7
160.3
155.2
148.9
144.0
145.7
146.3
177.8
149.4
152.1
148.5
41,289
Branches
1,161
41,274
1,161
41,481
1,175
41,660
42,143
1,203
1,205
42,574
1,214
42,580
43,372
45,426
1,227
1,318
ABMs
4,845
Amortization of intangibles (pre-tax)
10
4,845
11
4,843
10
4,885
9
4,885
10
4,759
10
4,759
10
4,844
1,352
5,057
10
11
31
30
39
45
(1) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca.
(2) Refer to page 53 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto.
(3) Provision for credit losses on certain financial assets - loans, acceptances and off-balance sheet exposures.
(4) Employees are reported on a full-time equivalent basis.
Scotiabank
Supplementary Financial Information (SFI)
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