Investor Presentaiton
Q3 2017 Financial Performance
$ millions, except EPS
Net Income
Diluted EPS
Revenue
Year-over-Year Highlights
Net Income grew 7%
Diluted EPS grew 8%
Revenue up 4%
Q3/17 Q/Q
Y/Y
$2,103 +2%
+7%
•
$1.66
$6,894 +5%
+2%
+8%
+4%
Expenses
$3,672 +2%
+5%
Productivity Ratio
53.3% -140bps
+50bps
Core Banking Margin
2.46% -8bps
+8bps
-
PCL Ratio
45bps -4bps
-2bps
Dividends Per Common Share
+$0.02
+$0.03
•
+$0.02
.
$0.76 $0.76
$0.74 $0.74
$0.72
Q3/16 Q4/16 Q1/17 Q2/17
Q3/17
Announced dividend increase
•
Higher net interest income from asset growth
in both Canadian and International Banking
Growth in banking and wealth revenues and
gains on sale of real estate
Partly offset by lower net gains on investment
securities, underwriting and advisory fees, and
trading revenues
Expense growth of 5%
Investments in technology, digital banking, and
other initiatives, higher employee-related costs
and the impact of foreign exchange translation
YTD operating leverage¹ of -0.5% or
+0.6% on a TEB basis
PCL ratio improved 2 bps
-
Higher retail provisions were mostly offset by
lower non-retail provisions across all business
lines
¹Adjusting for restructuring charge of $278 million after-tax ($378 million before-tax) in Q2/16
6
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