Consistent Earnings Growth and Digital Engagement
Endnotes
TD
32. Primary dealers serve as trading counterparties of the New York Fed in its implementation of monetary policy. For more information please visit
https://www.newyorkfed.org/.
33. For J.D. Power 2022 award information, visit jdpower.com/awards.
34. Enterprise active digital users include Canadian Personal and Commercial Banking, TD WebBroker, MBNA active users, TD Insurance active
users, and U.S. Retail. Canadian active mobile users based on Canadian Personal and Commercial Banking. U.S. active mobile users based on
U.S. Retail and Small Business Banking.
35. Canadian Retail: Digital Adoption based on Canadian Personal & Commercial Banking and Wealth Management. Active Mobile Users and Self-
Serve Share of Financial Transactions based on Canadian Personal & Small Business Banking. U.S. Retail: based on U.S. Retail and Small
Business Banking.
36. Active digital users as a percentage of total customer base. Active digital users are users who have logged in online or via their mobile device at
least once in the last 90 days.
37. Self-serve share of transactions represents all financial transactions that are processed through unassisted channels (Online, Mobile, ATM, and
Phone IVR).
38. Mitigation of interest rate volatility to closing capital on First Horizon acquisition includes the following components, reported in the Corporate
Segment: i) mark-to-market gains (losses) on interest rate swaps, recorded in non-interest income, ii) basis adjustment amortization related to
de-designated fair value hedge accounting relationships, recorded in net interest income, and iii) interest income (expense) recognized on the
interest rate swaps, reclassified from non-interest income to net interest income with no impact to total adjusted net income. Refer to the
"Significant Events and Pending Acquisitions" section in the 2022 MD&A for further details.
39. Gain on sale of 28.4 million non-voting common shares of Schwab is reported in the Corporate segment - Q4 2022: $997 million after-tax. Refer
to Note 12 of the Consolidated Financial Statements for further details.
40. FX impact solely related to the U.S. Retail Bank. Adjusted expenses excluding the partners' share of net profits for the U.S. SCP and adjusted
expenses excluding the partners' share of net profits and FX are non-GAAP financial measures. For further information about these non-GAAP
financial measures, please see endnote 20.
41. Wealth assets includes assets under management (AUM) and assets under administration (AUA).
42. Net interest margin (NIM) is calculated by dividing net interest income by average interest-earning assets. Average interest-earning assets used
in the calculation of NIM is a non-GAAP financial measure. NIM and average interest-earning assets are not defined terms under IFRS and,
therefore, may not be comparable to similar terms used by other issuers.
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