Canadian Banking and Mortgage Portfolio Overview
Canadian Banking
Financial Performance
$MM
Q1/20
Y/Y
Q/Q
•
Reported
Net Income¹
$852
(1%)
(5%)
Pre-Tax, Pre Provision Profit
$1,474
+6%
+1%
Revenue
$2,707
+5%
+1%
•
Expenses
$1,233
+4%
+1%
PCLs
$321
+39%
+30%
Productivity Ratio
45.6%
(30 bps)
+20 bps
Net Interest Margin
2.36%
(3 bps)
(5 bps)
.
PCL Ratio²
0.36%
+8 bps
+8 bps
PCL Ratio Impaired Loans²
0.30%
+2 bps
+1 bp
Adjusted³
•
Net Income¹
$908
+5%
+1%
Pre-Tax, Pre Provision Profit
$1,479
+5%
+1%
YEAR-OVER-YEAR HIGHLIGHTS
Adjusted Net Income up 5%³
o Solid volume growth and higher fee income
offsetting margin pressure
o Stable PCL ratio
Revenue up 5%
o Net interest income up 4%
o Non-interest income up 7%
Loan growth of 6%
o Residential mortgages up 5%; credit cards up 5%
o Business loans up 12%
Deposit growth of 5%
o Personal up 5%; Non-Personal up 6%
• NIM down 3 bps
Expenses
$1,228
+4%
+1%
•
PCLS
$250
+8%
+1%
•
Productivity Ratio
45.4%
(30 bps)
+20 bps
Positive operating leverage of +0.9%³
Improved productivity ratio
PCL Ratio²
0.28%
1,3
ADJUSTED NET INCOME ¹³ ($MM) AND NIM (%)
PCL Ratio Impaired Loans²
0.29%
+1 bp
2.44%
2.39%
2.40%
2.41%
2.36%
865
823
914
902
908
1 Attributable to equity holders of the Bank
3 Adjusted for Acquisition-related costs and impact of additional pessimistic scenario
2 Provision for credit losses on certain assets-loans, acceptances and off-balance sheet exposures
Q1/19
Q2/19
Q3/19
Q4/19
Q1/20
25View entire presentation