Wholesale Banking - Positioned for Growth
Endnotes on Slides 19-22
TD
Slide 19
1. Please refer to slide 7, Endnote 1.
2. U.S. Retail NIM is calculated by dividing segment's net interest income by average interest-earning assets excluding the impact related to deposit
sweep arrangements and the impact of intercompany deposits and cash collateral, which management believes better reflects segment
performance. In addition, the value of tax-exempt interest income is adjusted to its equivalent before-tax value. Net interest income and average
interest-earning assets used in the calculation of this metric are non-GAAP financial measures.
Slide 20
1. Includes assets under administration (AUA) administered by TD Investor Services, which is part of the Canadian Personal and Commercial
Banking segment.
Slide 21
1. Please refer to slide 7, Endnote 1.
2. Adjusted non-interest expenses exclude the acquisition and integration-related charges primarily for the Cowen Inc. acquisition - Q4 2023: $197
million ($161 million after-tax), Q3 2023: $143 million ($105 million after-tax), Q4 2022: $18 million ($14 million after-tax).
3.
Please refer to Slide 3, Endnote 3.
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4. Includes net interest income TEB of $61 million (Q3 2023 - $8 million, Q4 2022 - $407 million), and trading income (loss) of $529 million (Q3
2023 $618 million, Q4 2022 - $153 million). Trading-related revenue (TEB) is a non-GAAP financial measure, which is not a defined term
under IFRS and, therefore, may not be comparable to similar terms used by other issuers.
Slide 22
1. Capital and liquidity measures on slide 22 are calculated in accordance with OSFI's Capital Adequacy Requirements, Leverage Requirements,
and Liquidity Adequacy Requirements guidelines.
2. FX impact on RWA has a negligible impact on the CET 1 ratio, because the CET 1 ratio is currency hedged; excludes decrease in RWA related
to post close Cowen activities including the migration of certain acquired portfolios from standardized to internal models, the sale of a non-core
business, and integration costs.
3.
Excludes Schwab's unrealized losses on FVOCI securities.
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