Financial Performance and Outlook
Endnotes on Slide 17
TD
Slide 17
1. Please refer to Slide 4, Endnote 1.
2. Amortization of acquired intangibles relates to intangibles acquired as a result of asset acquisitions and business combinations, including the
after-tax amounts for amortization of acquired intangibles relating to the share of net income from investment in Schwab, reported in the
Corporate segment. For additional information on the impact of adjustments in comparative periods, please refer to page 14 of the Bank's Q4
2023 Supplementary Financial Information package, which is available on our website at www.td.com/investor.
3. Impact of charges related to the Schwab investment includes the following components, reported in the Corporate segment: i) the Bank's own
integration and acquisition costs related to the Schwab transaction, ii) the Bank's share of acquisition and integration charges associated with
Schwab's acquisition of TD Ameritrade on an after-tax basis, and iii) the Bank's share of restructuring charges incurred by Schwab on an after
tax basis.
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4. The Bank undertook certain measures in the fourth quarter of 2023 to reduce its cost base and achieve greater efficiency. In connection with
these measures, the Bank incurred $363 million of restructuring charges in the fourth quarter of 2023. The restructuring costs primarily relate to
employee severance and other personnel-related costs, real estate optimization, and asset impairments. Please refer to page 5 in the Q4 2023
ENR.
5. Please refer to Slide 12, Endnote 2.
6. Please refer to Slide 4, Endnote 2.
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