Investor Presentaiton
APPENDIX 1 | Q1 2024 - TOTAL BANK RESULTS
Total Bank Summary Results - Q1 2024
($MM)
Adjusted Results (1)
Q1 24
Q4 23
Q1 23
QoQ
YoY
Revenues
2,820
2,725
■ Diluted EPS of $2.59
2,692
3%
5%
Non-Interest Expenses
1,449
1,461
1,390
(1%)
4%
Pre-Tax / Pre-Provisions (2)
1,371
1,264
1,302
8%
5%
■ Positive operating leverage
PCL
120
115
86
Net Income
922
850
900
8%
CET1 ratio of 13.1%
2%
Diluted EPS
$2.59
$2.39
$2.54
8%
2%
Operating Leverage (3)
0.6%
- ROE of 17.1%
Efficiency Ratio (3)
51.4%
53.6%
51.6%
(220bps)
(20bps)
Return on Equity (3)
17.1%
16.0%
18.4%
Reported Results
Q1 24
Q4 23
Q1 23
QoQ
YoY
Revenues
2,710
2,560
2,562
6%
6%
Non-Interest Expenses
1,449
1,597
1,390
(9%)
4%
Pre-Tax/Pre-Provisions (2)
1,261
963
1,172
31%
8%
PCL
120
115
86
Net Income
922
751
876
23%
5%
Diluted EPS
$2.59
$2.09
$2.47
24%
5%
Operating Leverage (3)
1.6%
Return on Equity (3)
17.1%
14.1%
17.9%
Key Metrics
Q1 24
Q4 23
Q1 23
QoQ
YOY
Avg Loans & BAs - Total
228,161
222,366
209,699
3%
9%
CET1 Ratio (3)
13.1%
13.5%
12.6%
(1) On a taxable equivalent basis, and excluding specified items when applicable, which are non-GAAP financial measures. See slides 2 and 32.
(2) Pre-Tax Pre-Provision earnings (PTPP) refers to Income before provisions for credit losses and income taxes.
(3) For supplementary financial measures, non-GAAP ratios and capital management measures, see slide 2.
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