FY 2021 BALANCED APPROACH BETWEEN INVESTMENT AND COST MANAGEMENT
APPENDIX 1 | FY 2021 TOTAL BANK RESULTS
Total Bank Summary Results - FY 2021
($MM, TEB)
Adjusted Results (1)
FY 21
FY 20
YoY
Revenues
9,116
8,216
11%
Non-Interest Expenses
4,844
4,413
10%
Pre-Tax/ Pre-Provisions (2)
4,272
3,803
12%
PCL
2
846
Net Income
3,184
2,216
44%
Diluted EPS
$8.98
$6.06
48%
Reported Results
FY 21
FY 20
YoY
Revenues
8,927
7,927
13%
Non-Interest Expenses
4,853
4,545
7%
Pre-Tax/Pre-Provisions (2)
4,074
3,382
20%
PCL
2
846
Net Income
3,177
2,083
53%
Diluted EPS
$8.96
$5.70
57%
Key Metrics (3)
FY 21
FY 20
YOY
Avg Loans & BAs - Total
172,323
159,275
8%
Avg Deposits - Total
236,229
207,381
14%
Adjusted Efficiency Ratio
53.1%
53.7%
-60 bps
Return on Equity
20.8%
CET1 Ratio
12.4%
15.8%
11.8%
Strong business performance with
revenues up 11%(1) and PTPP up 12% (1)(2)
■ Positive operating leverage
■ PCL recovery on continued strong portfolio
performance
-
Maintaining prudent reserves
(1.5x pre-pandemic levels)
Industry-leading ROE
(1) On a taxable equivalent basis and excluding specified items in Q4-21 and the Q1-20 & Q4-20 comparable periods, which are non-GAAP 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) For supplementary financial measures, non-GAAP ratios and capital management measures, see slide 2.
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