Financial Performance and Digital Progress Update

Risk Adjusted Margin and NIM RISK ADJUSTED MARGIN 1 3.31% 3.18% 3.24% 3.18% 3.10% ALL BANK NIM2 2 bps 4 bps 2.10% 2.05% 2.08% 2.06% 216 bps 1.79% 210 bps 1.94% 1.83% 1.80% 1.74% 1.60% Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q3/23 Spreads Business Mix Q4/23 All-Bank Canadian Banking International Banking 235 bps CANADIAN BANKING NIM 1,2 8 bps 4 bps 247 bps 410 bps INTERNATIONAL BANKING NIM 1,2 5 bps 1 bp 2 bps 418 bps Q3/23 Spreads Business Mix Q4/23 Q3/23 Spreads Inflation Business Mix Q4/23 1 Risk-Adjusted Margin calculated as (Net Interest Income less Provision for Credit Losses) / Average Core Earning Assets. See non-GAAP reconciliations beginning on slide 43 2 Refer to non-GAAP measures on page 20 of the Management's Discussion & Analysis in the Bank's 2023 Annual Report, available on http://www.sedarplus.ca 19

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