Seeing Beyond Numbers

Q1/22 Financial Highlights Adjusted Net Income ($MM)(1)(4) Adjusted Diluted EPS (2)(4) +25% YOY +22% YoY Adjusted Efficiency Ratio(2)(4) PCL (bps)(3)(4) $ 1.26 $ 59.5 68.9% $ 47.8 $ 1.03 $ 1.06 $ 47.6 -190bps YOY 65.5% 67.0% 20 20 -9bps YoY 30 11 Strong performance in Commercial Banking Solid revenue growth Sound credit quality Strong cost discipline with positive operating leverage Q1 21 Q4 21 Q1 22 Q1 21 Q4 21 Q1 22 Q1 21 Q4 21 Q1 22 Q1 21 Q4 21 Q1 22 Net Income ($MM) +24% YOY $ 0.96 $ 44.8 $ 55.5 Diluted EPS +22% YoY $ 1.17 Efficiency Ratio(3)(4) CET1 Capital Ratio(5) -130bps YoY 142.3% Stable YoY 10.2% Q1 21 Q4 21 Q1 22 Healthy capital and liquidity positions Q1 21 Q4 21 Q1 22 70.4% 69.1% 9.8% 9.8% Seeing Beyond Numbers $ (102.9) $ (2.39) Q1 21 Q4 21 Q1 22 Q1 21 Q4 21 Q1 22 (1) This is a non-GAAP financial measure (2) This is a non-GAAP ratio (3) This is a supplementary financial measure (4) For more information, refer to the Non-GAAP Financial and Other Measures section beginning on page 5 of the First Quarter 2022 Report to Shareholders, including the MD&A as at and for the period ended January 31, 2022 (5) In accordance with OSFI's "Capital Adequacy Requirements" guideline 30

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