Canadian Real Estate Secured Lending Portfolio Highlights
U.S. Retail (US$)
Delivered solid loan and deposit volumes
Net income up 3% YoY (Adj 17 down 10% YoY)
Revenue up 12% YoY (Adj¹7 up 3% YoY)
Reported revenue includes an insurance recovery
related to litigation 32
Higher deposit volumes and margins, and fee
income growth, partially offset by lower income from
PPP and lower gains on sale of mortgage loans
Personal loans up 4%
Business loans down 11%, or 3% ex-PPP loans
Deposits excl. sweeps up 10%
NIM 18,36 of 2.21%
■ Flat QoQ; and up 6 bps QoQ ex. PPP
Up 6 bps YoY; and up 16 bps YoY ex. PPP
PCL recovery of $15MM
Expenses up 2% YoY
Higher employee related expenses and business
investments, partially offset by prior year store
optimization costs
Reported and adjusted efficiency ratios of 55.5%
and 60.1% respectively
PCL
Impaired
TD
P&L (US$MM) (except where noted)
Reported
Revenue
Q2/22
QoQ
YOY
2,323
6%
12%
(15)
($32)
+$158
75
($24)
($16)
Performing
Expenses
(90)
($8)
+$174
1,289
2%
2%
U.S. Retail Bank Net Income
902
12%
6%
Schwab Equity Pickup
177
(12%)
(9%)
Net Income
1,079
7%
3%
Net Income (C$MM)
1,367
7%
4%
ROE
14.2%
+160 bps
+30 bps
Adjusted 17
Q2/22
QoQ
YOY
Revenue
2,146
(2%)
3%
U.S. Retail Bank Net Income
769
(5%)
(10%)
Net Income
946
(6%)
(10%)
Net Income (C$MM)
1,198
(6%)
(9%)
ROE
12.5%
-10 bps
-140 bps
Earnings (US$MM)
$1,047
$1,052
$1,092
$1,079
$1,006
Q2/21
Q3/21
Q4/21
Q1/22
Q2/22
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