Financial Markets Summary Q4 2022
STRONG PERFORMANCE AND COST DISCIPLINE ACROSS THE BANK
Segment Performance - FY 2022
(YoY)
Revenue
Growth
(1)
Growth
Expense
(1)
PTPP
Efficiency
(1)(2)
Growth
Ratio (1)(3)
P&C Banking
12%
7%
17%
53.3%
-
Wealth Mgmt
10%
8%
13%
58.6%
Retaining and attracting talent
Strong revenue growth and cost discipline across our
segments
■ P&C: Expense growth primarily driven by salaries
and continued technology investments
Enhancing online offering and client experience
Financial Markets
11%
13%
10%
41.4%
USSF&I
11%
9%
12%
31.0%
■ Wealth: FY 2022 efficiency ratio of 59%
Total Bank
9%
7%
11%
52.6%
Segment Performance - Q4 2022
(YoY)
Revenue
Growth (1)
Expense
Growth (1)
PTPP
Efficiency
Growth (1)(2) Ratio (1)(3)
P&C Banking
15%
8%
24%
51.4%
Wealth Mgmt
9%
0%
23%
56.0%
Financial Markets
14%
18%
10%
44.8%
USSF&I
10%
18%
7%
33.7%
Total Bank
8%
7%
9%
55.4%
Record-low efficiency ratio of 56% in Q4; favourable
impact from robust NII growth
■ FM: FY 2022 efficiency ratio of 41%
-
Q4 expense growth reflects a favourable compensation
adjustment in prior year
■ USSF&I: Highly efficient businesses
Credigy's revenues impacted by unfavourable MtM
(1) On a taxable equivalent basis, and excluding specified items when applicable, which are non-GAAP financial measures. See slide 2.
(2) Pre-Tax Pre-Provision earnings (PTPP) refers to Income before provisions for credit losses and income taxes.
(3) Represents a non-GAAP ratio. See slide 2.
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