Mobilizing Finance for ESG Initiatives and Economic Resilience
Q3 2021 Financial Performance
$MM, except EPS
Q3/21
Y/Y
Q/Q
Reported
Net Income
$2,542
95%
4%
•
Pre-Tax, Pre-Provision Profit
$3,660
(2%)
(1%)
•
Diluted EPS
$1.99
91%
6%
Revenue
$7,757
Expenses
$4,097
2%
1%
Productivity Ratio
52.8%
80 bps
60 bps
Core Banking Margin
2.23%
13 bps
(3 bps)
PCL Ratio¹
24 bps
(112 bps)
(9 bps)
PCL Ratio on Impaired Loans¹
53 bps
(5 bps)
(27 bps)
Adjusted²
Net Income
$2,560
96%
3%
Pre-Tax, Pre-Provision Profit
$3,684
(1%)
(1%)
Diluted EPS
$2.01
93%
6%
•
Revenue
$7,757
1%
•
Expenses
$4,073
3%
Productivity Ratio 52.5%
110 bps
1%
60 bps
YEAR-OVER-YEAR HIGHLIGHTS
Adjusted EPS² up 93%; up 6% Q/Q
Adjusted pre-tax, pre-provision profit² down 1%
Adjusted revenue² up 1%, or up 5% excluding the impact of
foreign exchange
o Non-interest income up 3% or up 7% excluding the impact
of foreign exchange
o Net interest income down 1%, or up 3% excluding the impact
of foreign exchange
Core banking margin up 13 bps
Adjusted expenses² up 3% (up 1% Q/Q)
YTD adjusted operating leverage² of +1.6%
Strong ROE² of 15.1%
ADJUSTED NET INCOME² YEAR-OVER-YEAR ($MM)
ADJUSTED NET INCOME 2,3 BY BUSINESS SEGMENT ($MM)
(122)
1,801
(495)
104
2,560
(36)
1,083
1,308
433
332
397
600
513
53
493
Q3/20
Net interest Non interest
Income
income
PCLS
Non-interest Taxes
expenses
Q3/21
Canadian Banking
Global Wealth
Management
Global Banking
and Markets
International
Banking
1 Includes provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
2 Refer to Non-GAAP Measures on slide 80 for adjusted results
■ Q3/20
Q3/21
10
3 Attributable to equity holders of the BankView entire presentation