Quarterly Financial Performance
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($ millions)
Latin America
Average total assets
Less: Non-earning assets
(1)
Average total earning assets
Appendix 2: International Banking by Region― Reconciliation of non-GAAP Financial Measure (Net Interest Margin)
2023
2022
2021
Year-To-Date
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
2023
2022
Full Year
2022
2021
212,175 207,894 195,254 184,701
23,790 23,208 19,553 20,075
188,385 184,686 175,701 164,626
178,619
174,608 164,945
158,852 155,585 149,399
163,759 163,553 205,077 172,704
19,767 19,023 15,546 16,961 16,271 22,172 18,103
146,798 147,282 182,905 154,601
175,728 166,569
18,600 17,946
157,128 148,623
Less:
Trading Assets
6,257
6,043
5,115
5,354
4,847
Securities purchased under resale agreements and securities borrowed
Other deductions
3,359
2,751
2,923
2,353
2,175
3,410
2,830
2,894
2,380
1,884
4,376
145
2,118
(1)
Average core earning assets
175,359
1,697
1,487
173,062 164,769 154,539 149,946
1,576
1,402
148,946
1,405
1,365
5,287
200
2,121 2,009
141,791 139,336
1,328 1,278
5,453 6,007
5,802
4,891
4,971
5,812
3,014
2,227
1,227
2,544
138,731
1,267
3,048
611
2,125
2,265
171,041
4,761
146,872
148,805
140,546
4,095
5,500
5,303
Net Interest Income
Less:
Non-core net interest income
Net interest income on core earning assets
Net Interest Margin (%) (2)
8
1,689
(28)
1,604
(54)
(73)
1,541
1,478
3.82
3.80
3.71
3.79
(1)
1,403
3.71
(4)
1,369
12
15
12
(73)
7
(66)
50
1,316
1,263
3.77
3.68
3.60
1,255
3.59
4,834
3.78
4,088
3.72
5,566
3.74
5,253
3.74
Caribbean and Central America
Average total assets
0
Less: Non-earning assets
34,829
35,372
35,124
34,522
33,219
2,550
2,547
2,662
2,611
2,656
(1)
Average total earning assets
32,279
32,825
32,462
31,911
30,563
32,409
2,718
29,691
32,177
2,720
29,457
31,378 30,869
2,744
28,634
2,759
28,110
35,105
2,586
32,519
32,603
33,087
31,923
2,697
2,676
2,819
29,906
30,411
29,104
Trading Assets
14
16
16
14
12
16
11
7
Securities purchased under resale agreements and securities borrowed
134
117
109
81
70
120
74
38
Other deductions
3,358
3,267
3,566
3,550
3,534
3,369
Average core earning assets
28,773
421
29,425
430
28,771
412
28,266
26,947
26,322
401
357
322
3,394
26,063
321
2,933
25,701
310
2,957
25,153 28,985
318
1,263
3,398
3,376
26,445 26,904
999
3,462
3,149
25,955
1,401
1,321
Net Interest Income
Less:
Non-core net interest income
Net interest income on core earning assets
Net Interest Margin (%) (²)
(1) Average balances represents the average of daily balance for the period
421
430
412
401
357
322
321
310
318
1,263
999
1,401
1,321
5.81
6.00
5.68
5.63
5.25
5.02
4.88
4.79
5.02
5.83
5.05
5.21
5.09
(2) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca for a description of the measure.
Scotiabank
Supplementary Financial Information (SFI)
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