Wholesale Banking - Positioned for Growth

Canadian Personal & Commercial Banking Strong quarter supported by NIM expansion and volume growth P&L ($MM) Reported Q4/23 QoQ YOY Revenue 4,754 4% 7% Net income down 1% YoY PCL 390 +$11 +$161 Impaired 274 -$11 +$90 Revenue up 7% YoY Performing 116 +$22 +$71 ■ Volume growth and higher margins Expenses 2,039 8% 6% Loan volumes up 6% Net Income 1,679 1% -1% Deposit volumes up 2% ROE 35.1% -30 bps -680 bps NIM 1,2 of 2.78% ■ Increase of 4 bps QoQ Higher deposit margins, partially offset by lower loan margins PCL of $390MM Expenses up 6% YoY Higher technology spend supporting business growth Efficiency ratio³ of 42.9% TD 18

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