FY 2021 BALANCED APPROACH BETWEEN INVESTMENT AND COST MANAGEMENT
FY 2021 STRONG PERFORMANCE ACROSS THE BANK
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Revenues
Reported:
$8,927 MM; +13%
Adjusted (1):
$9,116 MM; +11%
PTPP(2)
Reported:
$4,074 MM; +20%
Adjusted (1):
$4,272 MM; +12%
PCL
Reported:
$2MM
Adjusted:
$2MM
Diluted EPS
Reported:
$8.96
Adjusted (3):
$8.98
ROE(4)
Reported:
20.7%
Adjusted (5):
20.8%
Strong performance in F2021
Revenues up 11%(1)
-
PTPP up 12%(1)(2)
Positive operating leverage
Industry-leading ROE of 20.8% (5)
■ Solid CET1 ratio of 12.4% (6) while generating strong organic growth
Strong credit quality and prudent reserves
■ Dividend increase and NCIB program following OSFI's
announcement on Nov. 4
-
Dividend: up 23% to reset towards lower end of dividend payout ratio
mid-term objective of 40-50% (7)
-
NCIB: up to 2% of shares outstanding to provide additional flexibility
(1) On a taxable equivalent basis and excluding specified items, which are non-GAAP financial measures. See slides 2 and 35.
(2) Pre-Tax Pre-Provision earnings (PTPP) refers to Income before provisions for credit losses and income taxes.
(3) Excluding specified items. Represents a non-GAAP measure. See slides 2 and 35.
(4) Represents a supplementary financial measure. See slide 2.
(5) Represents a non-GAAP ratio. See slide 2.
(6) Common Equity Tier 1 (CET1) capital ratio represents a capital management measure. See slide 2.
(7) Expressed as a percentage of net income and excluding specified items when applicable.
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