Quarterly Financial Performance
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Business Segment Performance: Global Banking and Markets
2023
2022
2021
Year-To-Date
Full Year
Q3
Q2
F0
Q1
Q4
Q3
Q2
Q1
10
Q4
Q3
2023
2022
2022
2021
Income Statement - Taxable Equivalent Basis (TEB)-($millions)
Net interest income (TEB)
Non-interest income (TEB)
Net fee and commission revenues
Other operating income (TEB)
Total revenue (TEB)
Provision for credit losses-Charge/(Recovery)
Non-interest expenses
Income before taxes
337
384
454
492
405
360
373
365
363
1,175
1,138
1,630
1,436
1,006
968
1,049
862
747
902
1,031
812
890
3,023
2,680
3,542
3,587
537
545
383
454
336
372
416
395
460
1,465
1,124
1,578
1,761
469
423
666
408
411
530
615
417
430
1,558
1,556
1,964
1,826
1,343
1,352
1,503
1,354
1,152
1,262
1,404
1,177
1,253
4,198
3,818
5,172
5.023
(6)
53
15
11
(15)
(46)
(16)
(50)
(27)
62
(77)
(66)
(100)
758
752
773
696
655
653
670
591
620
2,283
1,978
2,674
2,458
591
547
715
647
512
655
750
636
660
1,853
1,917
2,564
2,665
Income tax expense (TEB)
157
146
196
163
134
167
189
134
147
499
490
653
590
Reported net income
434
401
519
484
378
488
561
502
513
1,354
1,427
1,911
2,075
Reported net income attributable to equity holders of the Bank (NIAEH)
434
401
519
484
378
488
561
502
513
1,354
1,427
1,911
2,075
Revenue (TEB) by business and capital markets
Business banking
Capital markets
Total revenue (TEB)
Capital markets revenue:
Interest rate and credit
Equities
Commodities
Foreign exchange
Total capital markets revenue (TEB)
Profitability Measurements
745
798
802
850
729
708
668
622
649
2,345
2,105
2,955
2,518
598
554
701
504
423
554
736
555
604
1,853
1,713
2,217
2,505
1,343
1,352
1,503
1,354
1,152
1,262
1,404
1,177
1,253
4,198
3,818
5,172
5,023
250
223
324
180
128
185
305
219
264
797
618
798
1,150
255
196
226
193
197
232
311
256
264
677
740
933
1,026
16
40
47
24
21
51
32
21
16
103
104
128
82
77
95
104
10.7
77
86
88
59
60
276
251
358
247
598
554
701
504
423
554
736
555
604
1,853
1,713
2,217
2,505
Net write-offs as a % of average net loans and acceptances(1)
(0.01)
0.02
0.01
(0.11)
0.02
0.01
0.03
(0.03)
(0.02)
0.05
Reported
Return on equity (%) (2)
12.9
10.5
13.2
13.4
11.1
15.6
17.4
15.5
16.1
12.2
14.6
14.3
16.5
Provision for credit losses (PCL) as % of average net loans and acceptances (1)(3)
(0.02)
0.15
0.04
0.03
(0.05)
(0.16)
(0.06)
(0.18)
(0.11)
0.06
(0.09)
(0.06)
(0.10)
PCL on impaired loans as % of average net loans and acceptances ((3)
Productivity ratio (%) (¹)
(0.03)
-
0.06
(0.06)
(0.01)
(0.03)
0.01
0.03
(0.01)
(0.03)
(0.01)
0.03
56.5
55.6
51.4
51.4
56.8
51.7
47.7
50.3
49.5
54.4
51.8
51.7
48.9
Securities purchased under resale agreements
Average Balance Sheet ($ billions)
Business and government loans & acceptances
Trading Assets
Securities
Loans
Investment securities
Deposits with banks
Other assets
Total assets
Total deposits
Other liabilities
Total liabilities
Other Information
Employees
In Canada
Outside Canada
Total
126.1
132.3
131.6
122.5
111.5
102.0
98.7
93.7
91.4
130.0
104.1
108.7
91.8
187.5
186.9
171.9
155.0
143.7
127.2
131.0
119.3
117.3
182.0
134.1
139.3
116.9
111.3
103.0
107.8
106.5
120.3
137.8
155.4
136.5
134.9
107.4
137.8
129.9
134.6
103.4
95.5
99.9
98.6
112.2
129.6
147.4
130.3
128.4
99.6
129.7
121.9
127.7
7.9
7.5
7.9
7.9
8.1
8.2
8.0
6.2
6.5
7.8
8.1
8.0
6.9
6.3
6.4
5.9
5.7
5.8
5.6
5.6
5.8
5.8
6.2
5.7
5.7
6.1
1.6
0.2
(1.0)
0.2
0.9
0.3
0.9
0.2
0.4
0.3
0.7
0.6
0.2
59.9
59.1
64.3
71.0
60.8
58.4
52.6
53.0
51.1
61.1
57.2
60.8
51.3
492.7
487.9
480.5
460.9
443.0
431.3
444.2
408.5
400.9
487.0
439.6
445.0
400.9
178.5
182.2
185.1
179.4
170.0
163.6
165.2
159.6
155.4
181.9
166.3
169.6
156.3
271.7
263.8
269.6
250.6
249.2
236.5
241.5
222.5
218.0
268.4
242.5
244.5
228.8
450.2
446.0
454.7
430.0
419.2
400.1
406.7
382.1
373.4
450.3
408.8
414.1
385.1
1,157
1,117
1,120
1,080
1,074
1,063
1,055
1,043
1,038
1,171
1,084
1,091
1,145
1,131
1,054
1,052
1,089
1,092
2,328
2,201
2,211
2,225
2,205
2,117
2,107
2,132
2,130
(1) Refer to page 53 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto.
(2) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca.
(3) Provision for credit losses on certain financial assets - loans, acceptances and off-balance sheet exposures.
(4) Employees are reported on a full-time equivalent basis.
Scotiabank
Supplementary Financial Information (SFI).View entire presentation