Canadian Banking and Residential Mortgages Overview
Canadian Banking
Canadian Banking provides a full suite of financial advice and banking solutions, supported by an excellent customer experience, to
over 10 million Retail, Small Business and Commercial Banking customers. It serves these customers through its network of 954
branches and 3,746 automated banking machines (ABMS), as well as online, mobile and telephone banking, and specialized sales
teams. Canadian Banking also provides an alternative self directed banking solution to over 2 million Tangerine Bank customers.
Business Mix
Retail
76%
Residential
Mortgages
Financial Results
65%
$MM
Q1/22
Y/Y
Q/Q
Q1/22
Revenue
Mix
$2.9Bn
Q1/22
24%
Business Banking
Average
Loan Mix
$408Bn
14%
11% Auto
Business and
8%
Government Loans 2%
Credit Cards
Other Personal
Loans
Reported
Net Income¹
$1,201
32%
(3%)
Pre-Tax, Pre Provision Profit²
$1,592
10%
1%
Revenue
$2,874
9%
2%
Expenses
$1,282
6%
2%
PCLs
($35)
nmf
63%
Reported Net Income¹ ($MM) and NIM4 (%)
Productivity Ratio³
44.6%
(90 bps)
40 bps
2.26%
2.26%
2.23%
2.20%
2.19%
Net Interest Margin4
2.19%
(7 bps)
(1 bp)
PCL Ratio 3,5
(3 bps)
(26 bps)
7 bps
PCL Ratio on Impaired
911
927
1,079
1,238
1,201
12 bps
(11 bps)
2 bps
Loans 3,5
Adjusted4
Q1/21
Q2/21
Q3/21
Q4/21
Q1/22
Net Income¹
$1,205
32%
(3%)
Medium-Term Financial Objectives
Net Income Growth 1,4
Pre-Tax, Pre Provision Profit
Expenses
Productivity Ratio
$1,598
10%
1%
$1,276
6%
2%
44.4%
(90 bps)
40 bps
Productivity Ratio4
Operating Leverage4
Target6
5%+
<44%
Positive
1 Net income attributed to equity shareholders; 2 Pre-Tax, Pre-Provision Profit defined as revenues less expenses; ³ Refer to page 48 of the Management's Discussion & Analysis in the Bank's First Quarter
2022 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 4 Refer to non-GAAP
measures on page 4 of the Management's Discussion & Analysis in the Bank's First Quarter 2022 Report to Shareholders, available on http://www.sedar.com; 5 Provision for credit losses on certain assets
- loans, acceptances and off-balance sheet exposures; 63-5 year target from 2020 Investor Day
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