Financial Performance and Outlook

Endnotes on Slides 14-16 TD Slide 14 1. Please refer to Slide 4, Endnote 1. 2. U.S. Retail NIM is calculated by dividing segment's net interest income by average interest-earning assets excluding the impact related to deposit sweep arrangements and the impact of intercompany deposits and cash collateral, which management believes better reflects segment performance. In addition, the value of tax-exempt interest income is adjusted to its equivalent before-tax value. Net interest income and average interest-earning assets used in the calculation of this metric are non-GAAP financial measures. Slide 15 1. Includes assets under administration (AUA) administered by TD Investor Services, which is part of the Canadian Personal and Commercial Banking segment. Slide 16 1. Please refer to Slide 4, Endnote 1. 2. Adjusted non-interest expenses exclude the acquisition and integration-related charges primarily for the Cowen Inc. acquisition - Q4 2023: $197 million ($161 million after-tax), Q3 2023: $143 million ($105 million after-tax), Q4 2022: $18 million ($14 million after-tax). 3. Please refer to Slide 4, Endnote 2. 4. Includes net interest income TEB of $61 million (Q3 2023 - $8 million, Q4 2022 - $407 million), and trading income (loss) of $529 million (Q3 2023 - $618 million, Q4 2022 - $153 million). Trading-related revenue (TEB) is a non-GAAP financial measure, which is not a defined term under IFRS and, therefore, may not be comparable to similar terms used by other issuers. 49 49

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