Wholesale Banking - Positioned for Growth
1,2,3
1,4
Fiscal 2023: PTPP & Operating Leverage
Modified for partners' share of SCP PCL, FX and Insurance Fair Value
Change
TD
TOTAL BANK
1 2 3
456
Reported Results ($MM)
PTPP
PTPP (YOY %)
Revenue (YoY %)
Expenses (YoY %)
FY 2023
Revenue Expenses
50,492 30,768
FY 2022
Revenue Expenses
49,032 24,641
FY 2021
SFI Reference
Revenue Expenses
42,693 23,076
Page 2, L3 & L6
19,724
24,391
19,617
(19.1%)
24.3%
(11.0%)
3.0%
14.8%
(2.2%)
24.9%
6.8%
6.8%
Operating Leverage
(21.9%)
8.1%
(9.0%)
7
Adjusted Results ($MM)1
51,839
27,430
46,170
24,359
42,693 22,909
8
Minus: U.S. Retail value in C$5
14,442
7,847
12,201
6,824
10,758
6,417
Page 2, L16 & L17
Page 10, L35 & L36
9
Plus: U.S. Retail value in US$5
10,709
5,817
9,455
5,292
8,554
5,101
Page 11, L35 & L36
10
Minus: Insurance fair value change
30
(252)
(73)
Page 7, L14
11
Plus: Corporate PCL7
535
203
(114)
Page 14, L6
12
Subtotal (Line 12)8
48,076
25,935
43,676
23,030
40,562
21,479
13
Line 12 PTPP
14
Line 12 PTPP (YoY %)
22,141
7.2%
20,646
19,083
8.2%
3.0%
15
16
17
567
Line 12 Revenue (YoY %)
10.1%
7.7%
3.4%
Line 12 Expenses (YoY %)9
12.6%
7.2%
3.7%
Line 12 Operating Leverage (YoY)
-2.5%
0.5%
(0.3%)
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