Q1 2017 Financial Performance
Canadian Banking
Net Income ($MM)
977
981
930
954
875
Q1/16
877
Q2/16
Q3/16
Q4/16
Q1/17
Gain on sale of a non-core lease financing business
•
•
Net Interest Margin (%).
Average Assets ($B)
307 307 310 313 316
2.38 2.38 2.39 2.39
•
5
2.35
298 299 303 307 311
Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17
Tangerine run-off mortgage portfolio
(1) Attributable to equity holders of the Bank
•
Year-over-Year Highlights
Net income up 12% or 7% excluding
real estate gains
Loan growth of 3%
Excluding Tangerine run-off
mortgages, up 4%
Deposits up 5%
.
Retail savings deposits were up 12%
and chequing was up 8%
NIM up 4 bps
Margin expansion in deposits, higher
yields on unsecured lending and the
run-off of Tangerine mortgages
PCL ratio up 4 bps
Expenses up 2%
Higher digital and technology costs,
advertising to support business
growth and salary increases,
partially offset by benefits realized
from cost reduction initiatives
Operating leverage of +4.9%
Solid volume growth and
positive operating leverage
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