International Banking: Pacific Alliance Financial Performance
Canadian Banking
$MM
Q1/21
Y/Y
Q/Q
Reported
•
Net Income¹
$911
7%
17%
Pre-Tax, Pre Provision Profit
$1,444
(2%)
5%
Revenue
$2,648
(2%)
3%
Expenses
$1,204
(2%)
2%
PCLS
$215
(33%)
Productivity Ratio
45.5%
(10 bps)
(35%)
(70 bps)
•
Net Interest Margin
2.26%
(10 bps)
PCL Ratio²
0.23%
(13 bps)
(14 bps)
PCL Ratio on Impaired Loans²
0.23%
(7 bps)
(4 bps)
.
Adjusted³
•
Net Income¹
$915
1%
17%
Pre-Tax, Pre Provision Profit
$1,450
(2%)
5%
Expenses
$1,198
(2%)
2%
PCLS
$215
(14%)
(35%)
Productivity Ratio
45.3%
(10 bps)
(70 bps)
PCL Ratio²
0.23%
(5 bps)
(14 bps)
PCL Ratio on Impaired Loans²
0.23%
(6 bps)
(4 bps)
•
YEAR-OVER-YEAR HIGHLIGHTS
Adjusted net income 1,3 +1% (+17% Q/Q)
o Adjusted PCLs down 14% driven by lower retail
delinquencies
o Solid volume growth and lower expenses, offset by lower
net interest income and non-interest income
Revenue -2% (+3% Q/Q)
。 Net interest income +1% Q/Q
o Non-interest income +9% Q/Q
Adjusted expenses -2%; adjusted operating leverage +0.1%
Loan growth of +4%
o Residential mortgages +7%
o Business loans +5%
Deposit growth of +16%
o Personal +12%, Non-personal +27%
NIM-10 bps (flat Q/Q)
o Driven by changes in business mix and Bank of Canada
rate cuts
1,3
ADJUSTED NET INCOME ¹³ ($MM) AND NIM (%)
2.36%
2.33%
2.26%
2.26%
2.26%
908
915
782
481
433
Q1/20
Q2/20
Q3/20
Q4/20
Q1/21
1 Attributable to equity holders of the Bank
7
2 Includes provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
3 Refer to Non-GAAP Measures on slide 37 for adjusted resultsView entire presentation