Financial Overview and Sector Exposure
APPENDIX 6 | OTHER
Other Segment Summary Results - Q1 2022
($MM)
Adjusted Results (1)
Q1 22
Q4 21
Q1 21
Revenues
33
23
10
Non-Interest Expenses
53
117
65
Pre-Tax / Pre-Provisions (2)
(20)
(94)
(55)
PCL
1
Pre-Tax Income
(21)
(94)
(55)
Net Income
(16)
(62)
(38)
Reported Results
Q1 22
Q4 21
Q1 21
Revenues
(31)
(18)
(47)
Non-Interest Expenses
53
126
65
Pre-Tax/ Pre-Provisions (2)
(84)
(144)
(112)
PCL
1
Pre-Tax Income
(85)
Net Income
(16)
(144)
(69)
(112)
(38)
Higher revenues YoY from gains on
investments reflecting favorable markets
■ Lower non-interest expenses YoY resulting
from a $20MM reversal of provision for
-
provincial compensatory tax on salaries
Partly offset by higher IT investments and timing
of employer's contributions to payroll taxes
(1) On a taxable equivalent basis and excluding specified item in Q4-21 comparable period, which are non-GAAP measures. See slides 2 and 31.
(2) Pre-Tax Pre-Provision earnings (PTPP) refers to Income before provisions for credit losses and income taxes.
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