Supplementary Financial Information Q1 2023
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Business Segment Performance: Canadian Banking
2023
2022
2021
Full Year
Q1
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1 2022
2021
Income Statement - Taxable Equivalent Basis ($ millions)
Net interest income (TEB)
2,386
2,363
2,361 2,144
2,133 2,082
2,030
1,934
1,984 9,001
8,030
Non-interest income (TEB)
778
771
758
759
741
749
765
690
664
3,029 2,868
Net fee and commission revenues
644
652
637
649
639
621
606
564
542 2,577
2,333
Net income (loss) from investments in associated corporations
15
23
15
18
8
18
23
26
20
64
Other operating income (TEB)
119
96
106
92
94
110
136
100
102
388
Total revenue (TEB)
3,164
3,134
3,119
2,903
2,874
2,831 2,795
2,624
2,648
12,030
87
448
10,898
Provision for credit losses-Charge/(Recovery)
218
163
93
(12)
(35)
(96)
69
145
215
209
333
Non-interest expenses
1,449
1,397
1,385 1,324
1,282
1,251 1,267
1,229
1,204
5,388
4,951
Income before taxes
1,497
1,574
1,641
1,591
1,627
1,676
1,459
1,250
1,229 6,433
5,614
Income tax expense (TEB)
Reported net income
Adjusting items (after-tax) (1)
Adjusted net income (¹)
Reported net income attributable to non-controlling interests
Reported net income attributable to equity holders of the Bank
Adjusted net income attributable to non-controlling interests (¹)
Adjusted net income attributable to equity holders of the Bank (¹)
Profitability Measurements
Net interest margin (1)
410
404
428
412
426
438
380
323
318
1,670
1,459
1,087
1,170
1,213
1,179
1,201
1,238
1,079
927
911
4,763
4,155
1
4
4
4
4
4
4
4
4
16
16
1,088
1,174
1,217
1,183
1,205
1,242
1,083
931
915
4,779
4,171
1,087
1,170
1,213
1,179
1,201
1,238 1,079
927
911
4,763
4,155
1,088
1,174
1,217
1,183
1,205
1,242
1,083
931
915 4,779
4,171
Net write-offs as a % of average net loans and acceptances (2)
2.26
2.26
2.29
2.22
2.19
2.20
2.23
2.26
2.26
2.24
2.23
0.16
0.14
0.12
0.14
0.14
0.12
0.18
0.24
0.22
0.13
0.19
Reported
Return on equity (%) (¹)
23.0
24.7
26.1
27.1
27.4
29.4
26.1
23.5
21.9
26.3
25.2
Provision for credit losses (PCL) as % of average net loans and acceptances (2)(3)
0.19
0.15
0.09
(0.01)
(0.03)
(0.10)
0.07
0.16
0.23
0.05
0.09
PCL on impaired loans as % of average net loans and acceptances (2) (3)
0.17
0.14
0.13
0.13
0.12
0.10
0.14
0.27
0.23
0.13
0.18
Productivity ratio (%) (2)
45.8
44.6
44.4
45.6
44.6
44.2
45.3
46.8
45.5
44.8
45.4
Adjusted (¹)
Return on equity (%)
Productivity ratio (%)
Average Balance Sheet ($ billions)
Residential mortgages
Personal loans
Credit cards(4)
Business and government loans & acceptances
Total loans & acceptances
Other assets
Total assets
Personal deposits
Non-personal deposits
Total deposits
Other liabilities
Total liabilities
Other Information
Employees (5)
Branches
23.0
24.8
26.2
27.2
27.5
29.4
26.2
23.6
22.0
26.4
25.3
45.8
44.4
44.2
45.4
44.4
44.0
45.1
46.6
45.3
44.6
45.2
282.9
282.3 278.4
271.8
264.9
255.2 243.3
234.8
231.0
274.3
241.1
72.3
71.6
70.5
68.8
68.6
68.7
68.3
67.8
69.2
69.9
68.5
7.4
7.1
6.9
6.5
6.6
6.4
6.2
6.2
6.6
6.8
6.4
83.7
81.0
77.8
72.7
68.3
64.8
63.3
61.0
58.9
75.0
62.0
446.3
442.0
433.6
419.8
408.4
395.1
381.1
369.8
365.7
426.0
378.0
3.7
3.7
3.7
3.4
3.3
3.0
2.8
2.6
2.6
3.5
2.8
450.0
445.7
437.3
423.2
411.7
398.1
383.9
372.4
368.3
429.5
380.8
211.6
203.7
196.2
190.0
187.2
188.3
190.5
189.0
189.0
194.3
189.2
116.3
116.1
114.9
112.3
111.4 109.8
107.5
103.7
100.1
113.7
105.3
327.9
319.8
311.1 302.3
298.6
298.1
298.0
292.7
289.1 308.0
294.5
28.9
356.8
27.3 25.5
347.1 336.6
23.3
325.6
21.7
19.7
19.3
17.9
17.2
24.5
18.5
320.3
317.8
317.3
310.6
306.3
332.5
313.0
19,831
941
19,262
941
18,861
947
18,683
18,259
17,877
17,424
17,315
17,185
951
954
3,697
3,725
3,734
3,742
3,746
954
3,766
956
959
956
3,552
3,556
3,543
ABMs
(1) Refer to Non-GAAP measures on page 4 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com.
(2) Refer to page 50 of the Q1 2023 Quarterly 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) Provision for credit losses on certain financial assets loans, acceptances and off-balance sheet exposures.
(4) Credit Cards include retail and small business cards.
(5) Employees are reported on a full time equivalent basis and includes Canadian and International Contact Centre employees providing support to Canadian Banking.
Scotiabank
Supplementary Financial Information (SFI)
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