Embracing Fintech

Q3 2022 Financial Performance $MM, except EPS Q3/22 Y/Y Q/Q Reported Net Income $2,594 2% (6%) Pre-Tax, Pre-Provision Profit¹ $3,608 (1%) (5%) Diluted EPS $2.09 5% (3%) Revenue $7,799 1% (2%) • Expenses $4,191 2% 1% Productivity Ratio² 53.7% 90 bps 130 bps Net Interest Margin³ 2.22% (1 bp) (1 bp) PCL Ratio² 22 bps (2 bps) 9 bps PCL Ratio on Impaired Loans² 21 bps (32 bps) (3 bps) Adjusted³ Net Income $2,611 2% (6%) Pre-Tax, Pre-Provision Profit $3,632 (1%) (5%) Diluted EPS $2.10 4% (4%) Expenses Productivity Ratio $4,167 2% 1% 53.4% 90 bps 130 bps REPORTED NET INCOME YEAR-OVER-YEAR ($MM) 2,542 459 136 (417) (32) (94) Q3/21 Net interest Non-interest Income income YEAR-OVER-YEAR HIGHLIGHTS EPS up 5% (adjusted up 4%) Pre-tax, pre-provision profit down 1% o Aggregate of the four business lines, PTPP was up 3% Revenue up 1% 。 Net interest income up 11%, driven by asset growth across all business lines o Non-interest income down 12% o Lower market sensitive revenues o Higher banking and insurance revenues NIM down 1 bp Q/Q o Slower pace of asset repricing compared to liabilities 。 Customers shifting to higher yielding deposit products Expenses up 2%, driven by higher personnel costs, share-based compensation and business growth expenses Strong reported ROE of 15.3% (adjusted ROE³ of 15.4%) REPORTED NET INCOME4 BY BUSINESS SEGMENT ($MM) • +12% Q3/21 Q3/22 -3% -26% +30% 2,594 1,079 1,213 390 376 513 378 481 625 PCLs Non-interest expenses Taxes Q3/22 Canadian Banking Global Wealth Management Global Banking and Markets International Banking (Constant FX) 3 1 Pre-Tax, Pre-Provision Profit defined as revenues less expenses 2 Refer to page 51 of the Management's Discussion & Analysis in the Bank's Third Quarter 2022 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto 3 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2022 Report to Shareholders, available on http://www.sedar.com 4 Attributable to equity holders of the Bank 10

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