Consistent Earnings Growth and Digital Engagement
Q4 2022 Highlights
Strong performance
EPS of $3.62, up 77% YoY
■
Adjusted 20 EPS of $2.18, up 4% YoY
Revenue up 42% YoY (Adj20 up 12% YoY)
Reported revenue includes net gain from mitigation
of interest rate volatility to closing capital on First
Horizon acquisition 38 and gain on sale of Schwab
shares 39
Margin expansion and volume growth in personal
and commercial banking businesses and impact of
FX
PCL of $617MM
Expenses up 10% YoY (incl. SCP partners' share)
Adjusted 20 expenses increased 9.8% excluding the
impact of SCP accounting and FX40
"
Higher employee-related expenses, impact of FX
and higher spend supporting business growth
PCL
Expenses
Net Income
Expenses
TD
P&L ($MM)
Reported
Q4/22
QoQ
YOY
Revenue
15,563
42%
42%
617
+$266
+$740
6,545
7%
10%
6,671
108%
76%
Diluted EPS ($)
3.62
107%
77%
Adjusted 20
Q4/22
QoQ
YOY
Revenue
12,247
6%
12%
6,430
7%
9%
Net Income
Diluted EPS ($)
4,065
7%
5%
2.18
4%
4%
Segment Earnings ($MM)
Reported
Q4/22
QoQ
YOY
Canadian Personal &
1,694
1%
11%
Commercial Banking
U.S. Retail
1,539
7%
12%
Wealth Management &
516
Insurance
(10%)
(15%)
Wholesale Banking
261
(4%)
(38%)
Corporate
2,661
NM
NM
Adjusted 20
Q4/22
QoQ
YOY
U.S. Retail
1,590
9%
16%
Wholesale Banking
275
1%
(35%)
Corporate
20
20
(10)
94%
85%View entire presentation