Fiscal 2023 Financial Performance

Canadian Banking $MM Q4/23 Y/Y Q/Q Reported Net Income¹ $810 (31%) (24%) Pre-Tax, Pre-Provision Profit² $1,816 5% 3% Revenue $3,329 6% 4% Expenses $1,513 8% 4% PCLS $700 331% 129% Productivity Ratio³ 45.4% 80 bps 40 bps Net Interest Margin² 2.47% 21 bps 12 bps • PCL Ratio³ 63 bps 48 bps 36 bps PCL Ratio on Impaired Loans³ 26 bps 12 bps 3 bps Adjusted² Net Income¹ $810 (31%) (24%) Pre-Tax, Pre-Provision Profit $1,816 4% 3% • Expenses $1,513 9% 4% Productivity Ratio 45.4% 100 bps 40 bps REPORTED NET INCOME¹ ($MM) AND NIM² 2.26% 2.26% 2.30% 2.35% 2.47% 1,170 1,087 1,060 1,062 810 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Y/Y HIGHLIGHTS Net income¹ down 31% o Higher PCLs as a result of performing allowance build and higher retail and commercial formations Revenue up 6% o Net interest income up 8% ■ Strong deposit growth, along with improved margins NIM up 21 bps (up 12 bps Q/Q) o Higher loan margins and favourable changes in business mix Adjusted expenses up 9% (reported up 8%) o Higher personnel costs FY23 adjusted operating leverage of -2.5% Loans in line with prior year o Business loans up 11% o Credit cards up 18% o Residential mortgages down 4% Deposit growth of 10%, primarily in term products o Personal deposits up 11% o Non-personal deposits up 9% • LDR5 of 125%, down 13% 1 Attributable to equity holders of the Bank 2 See non-GAAP reconciliations beginning on slide 43 3 Refer to page 136 of the Management's Discussion & Analysis in the Bank's 2023 Annual Report, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto 4 Refer to non-GAAP measures on page 20 of the Management's Discussion & Analysis in the Bank's 2023 Annual Report, available on http://www.sedarplus.ca 5 This metric is calculated as Total Average Net Loans and Acceptances to Customers/Total Average Deposits of the business line 8

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