International Banking Performance Overview
Q3 2020 Financial Performance
$MM, except EPS
Q3/20
Y/Y
Q/Q
Reported
•
Net Income
$1,304
(34%)
(2%)
.
Pre-Tax, Pre Provision Profit
$3,716
+8%
+3%
Diluted EPS
$1.04
(31%)
+4%
•
Revenue
$7,734
1%
(3%)
Expenses
$4,018
(5%)
(8%)
•
Productivity Ratio
52.0%
(300 bps)
(280 bps)
Core Banking Margin
2.10%
(35 bps)
(25 bps)
PCL Ratio¹
136 bps
+88 bps
+17 bps
•
PCL Ratio on Impaired Loans¹
58 bps
+6 bps
+2 bps
Adjusted²
•
Net Income
$1,308
(47%)
(5%)
.
Pre-Tax, Pre Provision Profit
$3,738
(3%)
+2%
Diluted EPS
$1.04
(45%)
Revenue
$7,689
(3%)
(3%)
Year-Over-Year highlights
Adjusted EPS down 45%²
Pre-tax, pre-provision profit (PTPP) down 3%², up 2%
excluding divestitures
Adjusted Revenue down 3%² or flat excluding impact
of divestitures
Core banking NIM down 35 basis points
o Excess balance sheet liquidity and margin
compression in business lines
Adjusted Expenses declined 4%² or -1.6% excluding
impact of divestitures
YTD PTPP up 7%² ex. divestitures
Adjusted YTD operating leverage of -0.5%², +1.1%²
excluding divestitures
Adjusted Net Income³ By Business Segment ($MM)
Expenses
$3,951
(4%)
(8%)
Productivity Ratio
51.4%
(30 bps)
(260 bps)
-53%
-93%
Y/Y
Y/Y4
+60%
+6%
Y/Y
Y/Y
914
761
433
53
600
312
332
374
CB
IB
GWM
GBM
1 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
2 Refer to Non-GAAP Measures on slide 45 for adjusted results
3 After non-controlling interests
4Y/Y growth rate is on a constant dollars basis
Q3/19 Q3/20
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