Quarterly Financial Performance
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Notes (Cont'd)
Reconciliation of reported and adjusted results
($ millions)
Reported Results
Net interest income
Non-interest income
Total revenue
Provision for credit losses
Non-interest expenses
Income before taxes
Income tax expense
Net income
For the three months ended
For the nine months ended
July 31, 2023
April 30, 2023
July 31, 2022
July 31, 2023
July 31, 2022
4,580
4,466
4,676
13,615
13,493
3,510
3,463
3,123
10,384
10,297
8,090
7,929
7,799
23,999
23,790
819
709
412
2,166
853
4,562
4,576
4,191
13,602
12,573
2,709
2,644
3,196
8,231
10,364
497
485
602
2,088
2,283
2,212
2,159
2,594
6,143
8,081
Net income attributable to non-controlling interests in subsidiaries (NCI)
21
26
54
87
220
Net income attributable to equity holders
2,191
2,133
2,540
6,056
7,861
Net income attributable to preferred shareholders and other equity instrument holders
105
104
36
310
154
Net income attributable to common shareholders
2,086
2,029
2,504
5,746
7,707
Diluted earnings per share (in dollars)
1.72
1.69
2.09
4.76
6.39
Weighted average number of diluted common shares outstanding (millions)
1,214
1,197
1,203
1,201
1,221
Adjustments
Adjusting items impacting non-interest expense (Pre-tax)
Amortization of acquisition-related intangible assets
Total non-interest expense adjusting items (Pre-tax)
Total impact of adjusting items on net income before taxes
Impact of adjusting items on income tax expense
Canada recovery dividend
Amortization of acquisition-related intangible assets
Total impact of adjusting items on income tax expense
20
222
20
21
24
20
21
24
21
24
62
73
៩ ៩៩
333
73
73
579
(5)
(6)
(7)
(17)
(20)
(5)
(6)
562
(20)
15
15
17
624
53
Total impact of adjusting items on net income
Impact of adjusting items on NCI related to restructuring and other provisions
Total impact of adjusting items on net income attributable to equity holders and common
shareholders
15
15
17
624
53
Adjusted Results
Net interest income
4,580
4,466
4,676
13,615
13,493
Non-interest income
Total revenue
Provision for credit losses
Non-interest expenses
Income before taxes
Income tax expense
Net income
3,510
3,463
3,123
10,384
10,297
8,090
7,929
7,799
23,999
23,790
819
709
412
2,166
853
4,542
4,555
4,167
13,540
12,500
2,729
2,665
3,220
8,293
10,437
502
491
609
1,526
2,303
2,227
2,174
2,611
6,767
8,134
Net income attributable to NCI
21
26
54
87
220
Net income attributable to equity holders
2,206
2,148
2,557
6,680
7,914
Net income attributable to preferred shareholders and other equity instrument holders
105
104
36
310
154
Net income attributable to common shareholders
2,101
2,044
2,521
6,370
7,760
Diluted earnings per share (in dollars)
1.73
1.70
2.10
5.28
6.43
Impact of adjustments on diluted earnings per share (in dollars)
0.01
0.01
0.01
0.52
0.04
Weighted average number of diluted common shares outstanding (millions)
1,214
1,197
1,203
1,201
1,221
Scotiabank
Supplementary Financial Information (SFI)
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