Financial Performance and Outlook

Fiscal 2023: Items of Note Reported net income and EPS (diluted) Items of note ($MM) EPS ($)1 Segment Pre Tax After Tax 10,782 5.60 TD Revenue/ Expense Line Item² Amortization of acquired intangibles³ 313 271 0.15 Corporate Page 4, L13, L25 & L37 Acquisition and integration charges related to the 149 124 0.07 Corporate Page 4, L14, L26 & L38 Schwab transaction4 Share of restructuring charges from investment in Schwab4 35 35 0.02 Corporate Restructuring charges5 363 266 0.15 Corporate Acquisition and integration-related charges 434 345 0.19 Wholesale Page 4, L15 & L39 Page 4, L16, L27 & L40 Page 4, L17, L28 & L41 Charges related to the terminated First Horizon 344 259 0.14 U.S. Retail Page 4, L18, L29 & L42 (FHN) acquisition6 Payment related to the termination of the FHN 306 306 0.17 Corporate transaction6 Page 4, L19 & L43 Impact from the terminated FHN acquisition-related capital hedging strategy? 1,251 943 0.51 Corporate Page 4, L20, L30 & L44 Impact of retroactive tax legislation on payment card clearing services 57 41 0.02 Corporate Page 4, L21, L31 & L45 Litigation (settlement)/recovery 1,642 1,186 0.65 Corporate Page 4, L22, L32 & L46 CRD and federal tax rate increase for fiscal 2022 585 0.32 Corporate Page 4, L33 & L48 Excluding Items of Note above Adjusted net income and EPS (diluted) 15,143 7.99 25 25

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