FY22 Financial Overview
Canadian Banking
Canadian Banking provides a full suite of financial advice and banking solutions, supported by an excellent customer experience, to
over 10 million Retail, Small Business and Commercial Banking customers. It serves these customers through its network of 941
branches and 3,725 automated banking machines (ABMs), as well as online, mobile and telephone banking, and specialized sales
teams. Canadian Banking also provides an alternative self-directed banking solution to over 2 million Tangerine Bank customers.
Business Mix
Retail
73%
Q4/22
Revenue
Mix
$3.1Bn
Residential
Mortgages
64%
Q4/22
Average
Loan Mix
Strategic Focus
•
Growing Commercial Banking in select industries
(agriculture, health care & professionals, real estate and
technology)
•
Growing in under-represented provinces (BC and Quebec)
Financial Results
$442Bn
$MM
Q4/22
Y/Y
Q/Q
10%
16%
Auto
27%
Business and
Government Loans
8%
Reported
Business Banking
2% Other Personal
Credit Cards Loans
Net Income¹
$1,170
(5%)
(4%)
Pre-Tax, Pre Provision Profit²
$1,737
10%
Reported Net Income¹ ($MM) and NIM4 (%)
Revenue
$3,134
11%
2.20%
2.19%
2.22%
2.29%
2.26%
Expenses
$1,397
12%
1%
PCLS
$163
nmf
74%
Productivity Ratio³
44.6%
40 bps
20 bps
1,238
1,201
1,179
1,213
1,170
Net Interest Margin4
2.26%
6 bps
(3 bps)
PCL Ratio 3,5
15 bps
25 bps
6 bps
Q4/21
Q1/22
Q2/22
Q3/22
Q4/22
PCL Ratio on Impaired
Loans 3,5
14 bps
4 bps
1 bp
Medium-Term Financial Objectives
Net Income Growth 1,4
Adjusted4
Productivity Ratio4
Target6
5%+
<44%
Positive
Net Income¹
$1,174
(5%)
(4%)
Pre-Tax, Pre Provision Profit
$1,743
10%
Expenses
Productivity Ratio
$1,391
12%
1%
40 bps
20 bps
Operating Leverage4
44.4%
1 Net income attributed to equity shareholders; 2 Pre-Tax, Pre-Provision Profit defined as revenues less expenses; 3 Refer to page 133 of the Management's Discussion & Analysis in the Bank's 2022 Annual
Report, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 4 Refer to non-GAAP measures on page 17 of the
Management's Discussion & Analysis in the Bank's 2022 Annual Report, available on http://www.sedar.com; 5 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet
exposures; 63-5 year target from 2020 Investor Day
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