Quarterly Financial Performance
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Business Segment Performance: Canadian Banking
2023
2022
2021
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Year-To-Date
Q3 2023
2022
Full Year
2022
2021
Income Statement - Taxable Equivalent Basis ($ millions)
Net interest income (TEB)
Non-interest income (TEB)
2,468
2,340
2,386
2,363
2,361
2,144 2,133
2,082 2,030
7,194 6,638 9,001 8,030
748
794
778
771
758
759
741
749
765
Net fee and commission revenues
632
637
644
652
637
649
639
621
606
2,320
1,913
2,258 3,029 2,868
1,925
2,577 2,333
Net income (loss) from investments in associated corporations
8
25
15
23
15
18
8
18
23
48
41
Other operating income (TEB)
108
132
119
96
106
92
94
110
136
359
292
Total revenue (TEB)
3,216
3,134 3,164
3,134
3,119
2,903
2,874
2,831
2,795
9,514
8,896
Provision for credit losses-Charge/(Recovery)
307
218
218
163
93
(12)
(35)
(96)
69
743
46
64
388
12,030
209
87
448
10,898
333
Non-interest expenses
Income before taxes
Income tax expense (TEB)
Reported net income
Adjusting items (after-tax)(")
Adjusted net income (1)
Reported net income attributable to equity holders of the Bank
1,448
1,457 1,449
1,397
1,385
1,324
1,282
1,251
1,267
4,354
3,991
5,388
4,951
1,461 1,459
399
1,062
1,497
1,574
1,641
1,591
1,627
1,676
1,459
4,417
4,859
6,433 5,614
399
410
404
428
412
426
438
380
1,208
1,266 1,670 1,459
1,060
1,087
1,170
1,213
1,179
1,201
1,238
1,079
3,209
3,593
4,763
4,155
1
1
1
4
4
4
4
1,063
1,061
1,088
1,174
1,217
1,183
1,205
4
1,242
4
1,083
3
3,212
12
3,605
16
4,779
16
4,171
1,062
1,060
1,087
1,170
1,213
1,179
1,201
1,238 1,079
3,209 3,593
4,763
4,155
Adjusted net income attributable to equity holders of the Bank (
Profitability Measurements
1,063
1,061
1,088
1,174
1,217
1,183
1,205 1,242
1,083
3,212 3,605
4,779
4,171
Net interest margin (¹)
Net write-offs as a % of average net loans and acceptances(2)
2.35
2.30
2.26
2.26
2.29
2.22
2.19
2.20
2.23
2.30
2.23
2.24
2.23
0.20
0.18
0.16
0.14
0.12
0.14
0.14
0.12
0.18
0.18
0.13
0.13
0.19
Reported
Return on equity (%) (1)
22.5
22.8
23.0
24.7
26.1
27.1
27.4
29.4
26.1
22.8
26.8
26.3
25.2
Provision for credit losses (PCL) as % of average net loans and acceptances (2)(3)
0.27
0.20
0.19
0.15
0.09
(0.01)
(0.03)
(0.10)
0.07
0.22
0.01
0.05
0.09
PCL on impaired loans as % of average net loans and acceptances (2)(3)
0.23
0.21
0.17
0.14
0.13
0.13
0.12
0.10
0.14
0.20
0.13
0.13
0.18
Productivity ratio (%) (2)
45.0
46.5
45.8
44.6
44.4
45.6
44.6
44.2
45.3
45.8
44.9
44.8
45.4
Adjusted (¹)
Return on equity (%)
22.5
22.8
23.0
24.8
26.2
27.2
27.5
29.4
26.2
22.8
26.9
26.4
25.3
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
45.0
46.4
45.8
44.4
44.2
45.4
44.4
44.0
45.1
45.7
44.7
44.6
45.2
277.0
281.1
282.9
282.3
278.4
271.8 264.9
255.2 243.3 280.3 271.7
274.3
241.1
73.6
72.7
72.3
71.6
70.5
68.8
68.6
68.7
68.3
72.9
69.3
69.9
68.5
8.0
7.6
7.4
7.1
6.9
6.5
6.6
6.4
6.2
7.7
6.7
6.8
6.4
87.9
85.6
83.7
81.0
77.8
72.7
68.3
64.8
63.3
85.7
72.9
75.0
62.0
446.5
447.0
446.3
442.0
433.6
419.8
408.4
395.1
381.1
446.6
420.6
426.0
378.0
3.7
3.6
3.7
3.7
3.7
3.4
3.3
3.0
2.8
3.7
3.5
3.5
2.8
450.2
450.6
450.0
445.7
437.3
423.2
411.7 398.1
383.9
450.3
424.1
429.5
380.8
222.5
219.2
211.6
203.7
196.2
190.0
187.2
188.3
190.5
217.7
191.1
194.3
189.2
121.6
117.5
116.3
116.1
114.9
112.3
111.4
109.8
107.5
118.5
112.9
113.7 105.3
344.1
336.7
327.9
319.8
311.1
302.3 298.6 298.1
298.0 336.2 304.0 308.0 294.5
Other liabilities
32.1
30.3
28.9
27.3
25.5
23.3
21.7
Total liabilities
Other Information
Employees (5)
Branches
ABMs
376.2
367.0
356.8
347.1
336.6
325.6
320.3
19.7
317.8
19.3
317.3
30.5
366.7
23.5
327.5
24.5
332.5
18.5
313.0
19,275
945
19,750
943
19,831
19,262
18,861
941
3,706
3,716
3,697
941
3,725
947
3,734
18,683
951
3,742
18,259
954
3,746
17,877
954
17,424
956
3,766
3,552
(1) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca.
(2) Refer to page 53 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca, 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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