Canadian Housing Market and Financial Overview
Q1 2019 Financial Performance
Strong revenue and balance sheet growth
$MM, except EPS
Reported
Q1/19
Y/Y
Q/Q
Net Income
$2,247
(4%)
(1%)
Diluted EPS
$1.71
(8%)
Revenue
$7,604
+7%
+2%
Expenses
$4,171
+19%
+3%
·
YEAR-OVER-YEAR HIGHLIGHTS
Adjusted Net Income down 3%²
Excluding pension revaluation benefit,
diluted EPS was in-line with last year
Revenue up 7%
Productivity Ratio
54.9%
+550bps
+30bps
。 Mostly relating to acquisitions
Core Banking Margin
2.45%
(1bp)
(2bps)
PCL Ratio1
47bps
+5bps
+8bps
。 Net interest income up 9%
PCL Ratio on Impaired Loans¹
47bps
+4bps
+5bps
Adjusted²
·
Net Income
$2,291
(3%)
(2%)
Diluted EPS
$1.75
(6%)
(1%)
Expenses
$4,110
+18%
+4%
Productivity Ratio
54.1%
+500bps +80bps
DIVIDENDS PER COMMON SHARE
+0.03
+0.02
•
+0.03
。 Non-interest income up 6%
Expenses up 18%
2
o Acquisitions and the prior year's benefits re-
measurement contributed to approximately two-
thirds of the expense growth
o Remaining growth due to technology, regulatory
initiatives, share-based payments, other business
growth expenses
PCL ratio¹ on impaired loans up 4 bps
0.85
0.85
0.82
0.82
0.79
Q1/18
Q2/18
Q3/18
Q4/18
Q1/19
■ Announced Dividend Increase
1 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
2 Adjusted for Acquisition-related costs, including integration and amortization costs related to current acquisitions, amortization of intangibles related to current and past acquisitions
Scotiabank®
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