Investor Presentaiton
Canadian Banking
$MM
Q3/20
Y/Y
Q/Q
Reported
Net Income¹
$429
(53%)
(10%)
Pre-Tax, Pre Provision Profit
$1,328
(10%)
+2%
Revenue
$2,500
(6%)
(1%)
Expenses
$1,172
(2%)
(4%)
PCLs
$752
+212%
Productivity Ratio
46.9%
+210 bps
+12%
(140 bps)
Net Interest Margin
2.26%
(18 bps)
(7 bps)
PCL Ratio²
0.85%
+57 bps
+8 bps
PCL Ratio Impaired Loans²
0.36%
+6 bps
0 bps
Adjusted³
•
Net Income¹
$433
(53%)
(10%)
Pre-Tax, Pre Provision Profit
$1,333
(10%)
+2%
Expenses
$1,167
(2%)
(4%)
PCLS
$752
+212%
+12%
•
Productivity Ratio
46.7%
+210 bps
(140 bps)
•
NIM down 18 bps
PCL Ratio²
0.85%
+57 bps
PCL Ratio Impaired Loans²
0.36%
+6 bps
+8 bps
0 bps
•
•
YEAR-OVER-YEAR HIGHLIGHTS
Adjusted Net Income down 53%³
o PCLs up 212%; mainly from performing loan PCLs
o Adjusted expenses down 2%3
o Strong volume growth and lower expenses offset
by lower net interest income and non-interest
income
Revenue down 6%
o Net interest income down 4%; margin compression
o Non-interest income down 13%; lower economic
activity
Loan growth of 5%
o Residential mortgages up 6%; credit card loans
down 13%
o Business loans up 10%
Deposit growth of 10%
ADJUSTED NET INCOME¹³ ($MM) AND NIM (%)
2.44%
2.41%
2.36%
2.33%
2.26%
1 Attributable to equity holders of the Bank
2 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
3 Refer to Non-GAAP Measures on slide 45 for adjusted results
914
902
908
481
433
Q3/19
Q4/19
Q1/20
Q2/20
Q3/20
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