Financial Performance and Digital Progress Update

Global Banking and Markets $MM Q4/23 Y/Y Q/Q Reported Net Income¹ $414 (14%) (5%) Pre-Tax, Pre-Provision Profit² $575 (13%) (2%) • Revenue $1,354 1% Expenses $779 12% 3% PCLS $39 nmf nmf • Productivity Ratio³ 57.5% 610 bps 100 bps PCL Ratio³ 11 bps 8 bps 13 bps PCL Ratio Impaired Loans³ 3 bps (3 bps) 6 bps • REVENUE BY BUSINESS ($MM) Y/Y HIGHLIGHTS Net income down 14% Revenue in line with prior year o Non-interest income up 11% o Net interest income down 19% Expenses up 12% (up 3% Q/Q) o Driven by higher personnel and technology costs to support business growth FY23 operating leverage of -7.2%4 Deposits up 2% NET INCOME1 ($MM) AND ROE 4 (%) 13.4% 13.2% 12.9% 1,503 12.4% 1,354 1,352 1,343 1,354 10.5% 504 701 554 598 548 484 519 850 802 798 745 806 401 434 414 Q4/22 Q1/23 Q2/23 Business Banking Q3/23 Capital Markets Q4/23 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 1 Attributable to equity holders of the Bank 2 See non-GAAP reconciliations beginning on slide 43 3 Refer to page 136 of the Management's Discussion & Analysis in the Bank's 2023 Annual Report, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto 4 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 10 10

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