2024 Q3 Financial Supplement
Supplementary Financial Information
Q3 2024
For the period ended
(UNAUDITED)
For further information, please contact:
|
Senior Vice President, Head of Investor Relations |
(416) 955-7804 |
|
|
Senior Director, Investor Relations |
(437) 239-5374 |
|
Table of Contents
Page
- Notes to Users
- Financial Highlights
Consolidated Results
- Statements of income
- Revenue from trading activities
- Realized gains and losses on investment securities
7 Non-interest expense
Segment Details
- Personal & Commercial Banking
9 Canadian Banking
- Wealth Management
- Insurance
- Capital Markets
- Corporate Support
On- and Off-Balance Sheet
- Balance sheets (period-end balances)
- Selected average balance sheet items
- Assets under administration and management
- Statements of comprehensive income
- Statements of changes in equity
Capital
- Flow statement of the movements in regulatory capital
- Total capital risk-weighted assets by business segments (all-in basis)
- Movement of total capital risk-weighted assets by risk type (all-in basis)
Page
Credit Quality
- Loans and acceptances
- Gross impaired loans
- Provision for credit losses
- Allowance for credit losses
- Credit quality ratios
Credit Risk Exposure
- Credit risk exposure by geography and portfolio
- Actual losses vs. estimated losses
- Basel Pillar 3 back-testing (Internal ratings based)
- Fair value of derivative instruments
- Derivatives - Notional amounts
- Derivatives - Related credit risk
- Calculation of ROE and RORC
- Key performance and Non-GAAP measures
- Glossary
- Sector definitions
(i)
Notes to Users
The Consolidated Financial Statements are prepared in compliance with International Financial Reporting Standards (IFRS) as issued by the
IFRS 17
Effective
While IFRS 17 impacts the timing of profit recognition of insurance contracts, it will have no impact on total profit recognized over the lifetime of these contracts. Under IFRS 17, new business profits are deferred and measured as the contractual service margin (CSM) of the insurance contract liabilities and amortized into income as insurance contract services are provided, while losses are recognized into income immediately. Under IFRS 4, gains and losses are recognized in income immediately.
The restated results may not be fully comparable to future periods as we were not managing our asset and liability portfolios under IFRS 17 and the re-balancing of our asset portfolio was not completed until the first quarter of 2024. As a result, analysis of 2023 comparative period results and year over year changes in results should be viewed with this context.
Capital Disclosure Requirements related to Basel III Pillar 3
Capital main features disclosure provides qualitative disclosure and sets out summary information and the full terms and conditions for each of our capital instruments and can be found on our Investor Relations website. Refer to our Basel III Pillar 3 report for all other Pillar 3 capital disclosures.
EDTF Disclosures
The Financial Stability Board's
Type of Risk |
Recommendation |
Capital adequacy and risk-weighted assets |
11 |
13 |
|
16 |
|
17 |
|
Credit risk |
26 |
28 |
|
29 |
Disclosure
Flow statement of the movements in regulatory capital Risk-weighted assets (RWA) by business segments Movement of risk-weighted assets by risk type Basel Pillar 3 back-testing
Bank's credit risk profile
Reconciliation of the opening and closing balances of impaired loans and impairment allowances during the year Quantification of gross notional exposure for OTC derivatives or exchange-traded derivatives
Page 19 20 20 31
21-31
23,28
32
For a full index of where to find all EDTF related disclosures, refer to our 2023 Annual Report.
-1- |
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3rd Quarter 2024 - Supplementary Financial Information |
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FINANCIAL HIGHLIGHTS
(Millions of Canadian dollars, except otherwise noted)
SELECTED INCOME STATEMENT INFORMATION
Net interest income
Non-interest income
Total revenue
Provision for credit losses (PCL) 1
Insurance policyholder benefits, claims and acquisition expense (PBCAE)
Non-interest expense
Net income
Less: Non-controlling interests (NCI)
Dividends on preferred shares and distributions on other equity instruments
Net income available to common shareholders
Adjusting items impacting net income (before tax)
Amortization of acquisition-related intangibles
HSBC Canada transaction and integration costs
Impairment losses on our interest in an associated company
Management of closing capital volatility related to the acquisition of HSBC Canada
Income taxes for adjusting items impacting net income
Amortization of acquisition-related intangibles
HSBC Canada transaction and integration costs
Impairment losses on our interest in an associated company
Canada Recovery Dividend (CRD) and other tax related adjustments 2
Certain deferred tax adjustments
Management of closing capital volatility related to the acquisition of HSBC Canada
Adjusted net income available to common shareholders 3
PROFITABILITY MEASURES
Earnings per share (EPS) - basic
- basic adjusted3
- diluted4
- diluted adjusted3, 4
Common shares outstanding (000s) 5
- average (basic)
- average (diluted)
Retuon common equity (ROE) 4
Adjusted ROE 3, 4
Retuon tangible common equity (ROTCE) 3
Adjusted ROTCE 3
Retuon assets (ROA) 4
Adjusted ROA 3, 4
Retuon RWA 4
Efficiency ratio 4
Adjusted efficiency ratio 3, 4
KEY RATIOS
Diluted EPS growth 4, 6 Adjusted diluted EPS growth Revenue growth 4, 6 Adjusted revenue growth 3, 4, 6 Non-interest expense growth 4, 6 Adjusted non-interest expense growth Operating leverage 4
Adjusted operating leverage 3, 4
PCL on loans as a % of average net loans and acceptances
PCL on performing loans (Stage 1 and 2) as a percentage of Average net loans and acceptances PCL on impaired loans (Stage 3) as a percentage of Average net loans and acceptances
Net interest margin (NIM) (average earning assets, net) 4
NIM (average earning assets, net) excluding Trading Assets, Trading net interest income and Insurance Assets 4 NIM (total average assets) 4
Non-interest income as % of total revenue
IFRS17 |
IFRS4 |
IFRS17 |
IFRS17 |
IFRS4 |
||||||||
2024 |
2023 |
|||||||||||
Q3/24 |
Q2/24 |
Q1/24 |
Q4/23 |
Q3/23 |
Q2/23 |
Q1/23 |
Q4/22 |
Q3/22 |
9 months |
9 months |
2023 |
2022 |
7,327 |
6,623 |
6,332 |
6,542 |
6,286 |
6,099 |
6,202 |
6,282 |
5,890 |
20,282 |
18,587 |
25,129 |
22,717 |
7,304 |
7,531 |
7,153 |
6,143 |
6,691 |
6,346 |
7,155 |
6,285 |
6,242 |
21,988 |
20,192 |
26,335 |
26,268 |
14,631 |
14,154 |
13,485 |
12,685 |
12,977 |
12,445 |
13,357 |
12,567 |
12,132 |
42,270 |
38,779 |
51,464 |
48,985 |
659 |
920 |
813 |
720 |
616 |
600 |
532 |
381 |
340 |
2,392 |
1,748 |
2,468 |
484 |
116 |
850 |
1,783 |
||||||||||
8,599 |
8,308 |
8,324 |
8,059 |
7,765 |
7,400 |
7,589 |
7,209 |
6,386 |
25,231 |
22,754 |
30,813 |
26,609 |
4,486 |
3,950 |
3,582 |
3,939 |
3,860 |
3,680 |
3,133 |
3,882 |
3,577 |
12,018 |
10,673 |
14,612 |
15,807 |
(3) |
(2) |
(2) |
(2) |
(2) |
(1) |
(2) |
(6) |
(2) |
(7) |
(5) |
(7) |
(13) |
(106) |
(67) |
(58) |
(67) |
(58) |
(67) |
(44) |
(67) |
(58) |
(231) |
(169) |
(236) |
(247) |
4,377 |
3,881 |
3,522 |
3,870 |
3,800 |
3,612 |
3,087 |
3,809 |
3,517 |
11,780 |
10,499 |
14,369 |
15,547 |
154 |
106 |
80 |
92 |
81 |
82 |
86 |
68 |
62 |
340 |
249 |
341 |
256 |
160 |
358 |
265 |
203 |
110 |
56 |
11 |
- |
- |
783 |
177 |
380 |
- |
- |
- |
- |
242 |
- |
- |
- |
- |
- |
- |
- |
242 |
- |
- |
(155) |
286 |
- |
- |
- |
- |
- |
- |
131 |
- |
- |
- |
(38) |
(28) |
(21) |
(24) |
(20) |
(16) |
(15) |
(16) |
(16) |
(87) |
(51) |
(75) |
(65) |
(35) |
(76) |
(47) |
(36) |
(26) |
(13) |
(3) |
- |
- |
(158) |
(42) |
(78) |
- |
- |
- |
- |
(65) |
- |
- |
- |
- |
- |
- |
- |
(65) |
- |
- |
- |
- |
- |
- |
- |
1,050 |
- |
- |
- |
1,050 |
1,050 |
- |
- |
- |
- |
(578) |
- |
- |
- |
- |
- |
- |
- |
(578) |
- |
- |
43 |
(79) |
- |
- |
- |
- |
- |
- |
(36) |
- |
- |
- |
4,618 |
4,129 |
4,006 |
3,704 |
3,945 |
3,721 |
4,216 |
3,861 |
3,563 |
12,753 |
11,882 |
15,586 |
15,738 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
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|
|
|
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|
|
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1,414,194 |
1,412,651 |
1,406,324 |
1,399,337 |
1,393,515 |
1,388,388 |
1,382,754 |
1,386,925 |
1,396,381 |
1,411,044 |
1,388,217 |
1,391,020 |
1,403,654 |
1,416,149 |
1,414,166 |
1,407,641 |
1,400,465 |
1,394,939 |
1,390,149 |
1,384,536 |
1,388,548 |
1,398,667 |
1,412,644 |
1,389,857 |
1,392,529 |
1,406,034 |
15.5% |
14.5% |
13.1% |
14.9% |
14.9% |
14.9% |
12.6% |
15.6% |
14.6% |
14.4% |
14.1% |
14.3% |
16.4% |
16.4% |
15.5% |
14.9% |
14.2% |
15.4% |
15.3% |
17.2% |
15.8% |
14.8% |
15.6% |
16.0% |
15.5% |
16.6% |
19.9% |
17.5% |
15.3% |
17.5% |
17.5% |
17.7% |
15.0% |
18.1% |
16.8% |
17.5% |
16.8% |
17.0% |
19.0% |
20.4% |
18.2% |
17.1% |
16.5% |
17.9% |
17.9% |
20.1% |
18.1% |
16.8% |
18.6% |
18.6% |
18.1% |
19.0% |
0.85% |
0.77% |
0.68% |
0.77% |
0.77% |
0.79% |
0.60% |
0.77% |
0.76% |
0.76% |
0.72% |
0.73% |
0.84% |
0.89% |
0.81% |
0.77% |
0.73% |
0.80% |
0.82% |
0.81% |
0.78% |
0.77% |
0.83% |
0.81% |
0.79% |
0.85% |
2.70% |
2.46% |
2.41% |
2.62% |
2.61% |
2.54% |
2.02% |
2.52% |
2.41% |
2.53% |
2.39% |
2.44% |
2.68% |
58.8% |
58.7% |
61.7% |
63.5% |
59.8% |
59.5% |
56.8% |
57.4% |
52.6% |
59.7% |
58.7% |
59.9% |
54.3% |
56.6% |
56.0% |
57.9% |
60.1% |
58.4% |
58.4% |
56.1% |
57.4% |
56.1% |
56.9% |
57.6% |
58.2% |
55.8% |
13.2% |
5.4% |
12.1% |
0.7% |
8.8% |
(12.2)% |
(21.5)% |
2.2% |
(15.5)% |
10.5% |
(9.1)% |
(6.7)% |
0.0% |
15.2% |
9.0% |
(6.3)% |
(4.7)% |
11.0% |
(10.4)% |
5.9% |
2.6% |
(15.0)% |
5.6% |
1.7% |
0.0% |
0.0% |
12.7% |
13.7% |
1.0% |
0.9% |
7.0% |
10.9% |
2.2% |
1.5% |
(4.9)% |
9.0% |
6.5% |
5.1% |
(1.4)% |
12.7% |
12.5% |
3.1% |
3.8% |
15.0% |
9.2% |
10.7% |
9.8% |
(1.5)% |
9.3% |
11.6% |
9.5% |
3.1% |
10.7% |
12.3% |
9.7% |
11.8% |
21.6% |
15.0% |
15.3% |
9.5% |
(0.5)% |
10.9% |
17.3% |
15.8% |
2.6% |
9.4% |
8.0% |
6.5% |
8.7% |
19.8% |
14.0% |
15.0% |
9.5% |
(0.5)% |
8.0% |
16.2% |
14.2% |
2.6% |
2.0% |
1.4% |
(8.7)% |
(10.9)% |
(14.6)% |
(4.1)% |
(13.1)% |
(8.0)% |
(4.4)% |
(1.9)% |
(10.8)% |
(10.7)% |
(4.0)% |
3.3% |
4.5% |
(3.4)% |
(4.9)% |
(4.8)% |
(4.8)% |
(4.3)% |
0.3% |
(1.0)% |
1.3% |
(4.6)% |
(4.7)% |
0.5% |
0.27% |
0.41% |
0.37% |
0.34% |
0.29% |
0.30% |
0.25% |
0.18% |
0.17% |
0.35% |
0.28% |
0.29% |
0.06% |
0.01% |
0.11% |
0.06% |
0.09% |
0.06% |
0.09% |
0.08% |
0.06% |
0.09% |
0.06% |
0.08% |
0.08% |
(0.04)% |
0.26% |
0.30% |
0.31% |
0.25% |
0.23% |
0.21% |
0.17% |
0.12% |
0.08% |
0.29% |
0.20% |
0.21% |
0.10% |
1.58% |
1.50% |
1.41% |
1.51% |
1.50% |
1.53% |
1.47% |
1.56% |
1.52% |
1.50% |
1.50% |
1.50% |
1.48% |
2.11% |
2.10% |
2.07% |
2.14% |
2.02% |
2.03% |
2.10% |
2.11% |
2.04% |
2.09% |
2.05% |
2.08% |
2.00% |
1.38% |
1.28% |
1.20% |
1.27% |
1.25% |
1.31% |
1.18% |
1.25% |
1.25% |
1.29% |
1.25% |
1.25% |
1.20% |
49.9% |
53.2% |
53.0% |
48.4% |
51.6% |
51.0% |
53.6% |
50.0% |
51.5% |
52.0% |
52.1% |
51.2% |
53.6% |
- PCL relates primarily to loans, acceptances and commitments and also to all other financial assets except for those classified or designated as FVTPL and equity securities designated as FVOCI.
- Reflects the impact of the CRD and the 1.5% increase in the Canadian corporate tax rate applicable to fiscal 2022, net of deferred tax adjustments, which were announced in the
Government of Canada's 2022 budget and enacted in Q1 2023.
- This is a non-GAAP financial measure or ratio. These do not have standardized meanings under GAAP and might not be comparable to similar financial measures or ratios disclosed by other issuers. For further information, refer to the non-GAAP financial measures and non-GAAP ratios section on page 35
4 See 'Glossary' beginning on page 35 for explanation of composition of this measure. 5 Average common shares outstanding includes the impact of treasury shares held.
6 Growth rates are calculated based on results in the same period a year ago.
-2- |
|
3rd Quarter 2024 - Supplementary Financial Information |
|
FINANCIAL HIGHLIGHTS continued |
IFRS17 |
IFRS4 |
IFRS17 |
IFRS17 |
IFRS4 |
||||||||
2024 |
2023 |
||||||||||||
(Millions of Canadian dollars, except otherwise noted) |
Q3/24 |
Q2/24 |
Q1/24 |
Q4/23 |
Q3/23 |
Q2/23 |
Q1/23 |
Q4/22 |
Q3/22 |
9 months |
9 months |
2023 |
2022 |
CAPITAL MEASURES - CONSOLIDATED |
|||||||||||||
Common Equity Tier 1 (CET1) capital ratio 1 |
13.0% |
12.8% |
14.9% |
14.5% |
14.1% |
13.7% |
12.7% |
12.6% |
13.1% |
13.0% |
14.1% |
14.5% |
12.6% |
Tier 1 capital ratio 1 |
14.5% |
14.1% |
16.3% |
15.7% |
15.4% |
14.9% |
13.9% |
13.8% |
14.3% |
14.5% |
15.4% |
15.7% |
13.8% |
Total capital ratio 1 |
16.3% |
16.1% |
18.1% |
17.6% |
17.3% |
16.8% |
15.7% |
15.4% |
15.9% |
16.3% |
17.3% |
17.6% |
15.4% |
Total RWA ($ billions) 1 |
661.2 |
653.7 |
590.3 |
596.2 |
585.9 |
593.5 |
614.3 |
609.9 |
589.0 |
661.2 |
585.9 |
596.2 |
609.9 |
Leverage ratio - all-in basis 1 |
4.2% |
4.2% |
4.4% |
4.3% |
4.2% |
4.2% |
4.4% |
4.4% |
4.6% |
4.2% |
4.2% |
4.3% |
4.4% |
Leverage ratio exposure - all-in basis 1 |
2,271,007 |
2,219,019 |
2,173,419 |
2,179,590 |
2,142,032 |
2,116,380 |
1,921,310 |
1,898,179 |
1,839,845 |
2,271,007 |
2,142,032 |
2,179,590 |
1,898,179 |
CALCULATION OF ROTCE |
|||||||||||||
Net income available to common shareholders excluding the after-tax effect of amortization of acquisition-related intangibles 2 |
4,493 |
3,959 |
3,581 |
3,938 |
3,861 |
3,678 |
3,158 |
3,861 |
3,563 |
12,033 |
10,697 |
14,635 |
15,738 |
Average common equity 1 |
112,100 |
108,650 |
107,100 |
103,250 |
101,450 |
99,450 |
97,300 |
97,150 |
95,750 |
109,300 |
99,400 |
100,400 |
94,700 |
Less: |
22,200 |
16,600 |
13,950 |
14,150 |
14,100 |
14,200 |
14,050 |
12,500 |
11,600 |
17,500 |
14,100 |
14,100 |
11,900 |
Tangible common equity 2 |
89,900 |
92,050 |
93,150 |
89,100 |
87,350 |
85,250 |
83,250 |
84,650 |
84,150 |
91,800 |
85,300 |
86,300 |
82,800 |
ROTCE 2 |
19.9% |
17.5% |
15.3% |
17.5% |
17.5% |
17.7% |
15.0% |
18.1% |
16.8% |
17.5% |
16.8% |
17.0% |
19.0% |
EFFECTIVE TAX RATE |
|||||||||||||
Income Taxes (teb1) |
|||||||||||||
Income Taxes |
887 |
976 |
766 |
(33) |
736 |
765 |
2,103 |
979 |
979 |
2,629 |
3,604 |
3,571 |
4,302 |
Taxable equivalent basis (teb) adjustment 1, 2 |
231 |
(4) |
54 |
117 |
113 |
213 |
116 |
142 |
143 |
281 |
442 |
559 |
572 |
Income Taxes (teb1) |
1,118 |
972 |
820 |
84 |
849 |
978 |
2,219 |
1,121 |
1,122 |
2,910 |
4,046 |
4,130 |
4,874 |
Net Income before taxes (teb1) |
|||||||||||||
Net Income before taxes |
5,373 |
4,926 |
4,348 |
3,906 |
4,596 |
4,445 |
5,236 |
4,861 |
4,556 |
14,647 |
14,277 |
18,183 |
20,109 |
Taxable equivalent basis (teb) adjustment 1, 2 |
231 |
(4) |
54 |
117 |
113 |
213 |
116 |
142 |
143 |
281 |
442 |
559 |
572 |
Net Income before taxes (teb1) |
5,604 |
4,922 |
4,402 |
4,023 |
4,709 |
4,658 |
5,352 |
5,003 |
4,699 |
14,928 |
14,719 |
18,742 |
20,681 |
Effective tax rate |
16.5% |
19.8% |
17.6% |
(0.8)% |
16.0% |
17.2% |
40.2% |
20.1% |
21.5% |
17.9% |
25.2% |
19.6% |
21.4% |
Adjusted effective tax rate 2 |
16.9% |
19.8% |
18.3% |
15.1% |
16.3% |
17.3% |
20.1% |
20.2% |
21.5% |
18.3% |
18.0% |
17.3% |
21.4% |
Effective tax rate (Taxable equivalent basis (teb)1) 2 |
20.0% |
19.7% |
18.6% |
2.1% |
18.0% |
21.0% |
41.5% |
22.4% |
23.9% |
19.5% |
27.5% |
22.0% |
23.6% |
Adjusted effective tax rate (Taxable equivalent basis (teb)1) 2 |
20.1% |
19.7% |
19.2% |
17.3% |
18.3% |
21.0% |
21.8% |
22.4% |
23.9% |
19.7% |
20.4% |
19.7% |
23.6% |
ADDITIONAL SHARE INFORMATION |
|||||||||||||
Common shares outstanding (000s) - end of period 3 |
1,413,666 |
1,414,304 |
1,408,257 |
1,400,511 |
1,394,997 |
1,389,730 |
1,382,818 |
1,382,911 |
1,390,629 |
1,413,666 |
1,394,997 |
1,400,511 |
1,382,911 |
|
|||||||||||||
- preferred shares and other equity instruments (000s) |
(39) |
15 |
(34) |
(9) |
6 |
(6) |
8 |
(12) |
11 |
(39) |
6 |
(9) |
(12) |
- common shares (000s) |
(1,387) |
(546) |
(651) |
(1,862) |
(1,231) |
(969) |
(3,042) |
(2,680) |
(2,155) |
(1,387) |
(1,231) |
(1,862) |
(2,680) |
Stock options and awards outstanding (000s) |
8,049 |
8,731 |
9,059 |
7,793 |
7,922 |
8,096 |
8,354 |
7,535 |
8,209 |
8,049 |
7,922 |
7,793 |
7,535 |
Stock options and awards exercisable (000s) |
3,626 |
4,309 |
4,549 |
3,830 |
3,891 |
4,066 |
4,306 |
3,502 |
3,576 |
3,626 |
3,891 |
3,830 |
3,502 |
Dividends declared per common share |
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividend yield 1 |
3.9% |
4.1% |
4.5% |
4.5% |
4.2% |
4.0% |
4.0% |
4.0% |
3.9% |
4.2% |
4.1% |
4.3% |
3.7% |
Dividend payout ratio 1 |
46% |
50% |
55% |
49% |
50% |
51% |
59% |
47% |
51% |
50% |
53% |
52% |
45% |
Common dividends |
2,009 |
1,953 |
1,944 |
1,893 |
1,885 |
1,836 |
1,829 |
1,774 |
1,784 |
5,906 |
5,550 |
7,443 |
6,946 |
Dividends on preferred shares and distributions on other equity instruments |
106 |
67 |
58 |
67 |
58 |
67 |
44 |
67 |
58 |
231 |
169 |
236 |
247 |
Book value per share 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Common share price (RY on TSX) |
|||||||||||||
- High |
|
|
|
|
|
|
|
|
|
|
|
|
|
- Low |
|
|
|
|
|
|
|
|
|
|
|
|
|
- Close, end of period |
|
|
|
|
|
|
|
|
|
|
|
|
|
Market capitalization (TSX) 1 |
218,100 |
188,371 |
184,777 |
155,121 |
182,368 |
186,933 |
188,284 |
174,316 |
173,634 |
218,100 |
182,368 |
155,121 |
174,316 |
Market price to book value 1 |
1.90 |
1.68 |
1.71 |
1.44 |
1.78 |
1.84 |
1.92 |
1.73 |
1.80 |
1.90 |
1.78 |
1.44 |
1.73 |
- See 'Glossary' beginning on page 35 for explanation of composition.
- This is a non-GAAP financial measure or ratio. These do not have standardized meanings under GAAP and might not be comparable to similar financial measures or ratios disclosed by other issuers. For further information, refer to the non-GAAP financial measures and non-GAAP ratios section on page 35.
3 Common shares outstanding has been adjusted to include the impact of treasury shares.
-3- |
|
3rd Quarter 2024 - Supplementary Financial Information |
|
FINANCIAL HIGHLIGHTS continued |
IFRS17 |
IFRS4 |
IFRS17 |
IFRS17 |
IFRS4 |
||||||||
2024 |
2023 |
||||||||||||
(Millions of Canadian dollars, except otherwise noted) |
Q3/24 |
Q2/24 |
Q1/24 |
Q4/23 |
Q3/23 |
Q2/23 |
Q1/23 |
Q4/22 |
Q3/22 |
9 months |
9 months |
2023 |
2022 |
SELECTED BALANCE SHEET INFORMATION |
|||||||||||||
Average loans and acceptances, net |
968,500 |
908,000 |
870,900 |
867,500 |
854,900 |
850,200 |
844,900 |
829,600 |
802,000 |
915,800 |
850,000 |
854,400 |
789,300 |
Total Assets |
2,076,107 |
2,031,050 |
1,974,405 |
2,006,531 |
1,959,063 |
1,942,223 |
1,934,580 |
1,917,219 |
1,842,092 |
2,076,107 |
1,959,063 |
2,006,531 |
1,917,219 |
Average assets |
2,110,500 |
2,098,200 |
2,092,200 |
2,039,200 |
1,990,100 |
1,903,200 |
2,081,900 |
1,991,500 |
1,876,300 |
2,100,300 |
1,991,700 |
2,004,500 |
1,886,900 |
Average assets excluding trading assets 1 and insurance assets 1 |
1,294,800 |
1,201,900 |
1,149,900 |
1,147,300 |
1,134,300 |
1,134,900 |
1,291,100 |
1,266,600 |
1,221,200 |
1,215,600 |
1,134,900 |
1,138,000 |
1,216,500 |
Average earning assets, net 1 |
1,843,400 |
1,801,400 |
1,787,700 |
1,722,200 |
1,665,600 |
1,640,100 |
1,674,500 |
1,600,100 |
1,534,600 |
1,810,900 |
1,660,500 |
1,676,000 |
1,531,800 |
Deposits |
1,361,265 |
1,327,603 |
1,241,168 |
1,231,687 |
1,215,671 |
1,210,053 |
1,203,842 |
1,208,814 |
1,178,604 |
1,361,265 |
1,215,671 |
1,231,687 |
1,208,814 |
Common equity 1 |
114,899 |
112,065 |
108,360 |
107,734 |
102,583 |
101,528 |
97,923 |
100,746 |
96,570 |
114,899 |
102,583 |
107,734 |
100,746 |
Average common equity 1 |
112,100 |
108,650 |
107,100 |
103,250 |
101,450 |
99,450 |
97,300 |
97,150 |
95,750 |
109,300 |
99,400 |
100,400 |
94,700 |
OTHER INFORMATION |
|||||||||||||
Number of employees (full-time equivalent) |
|||||||||||||
|
70,475 |
69,576 |
65,147 |
66,172 |
67,959 |
67,178 |
65,948 |
64,922 |
64,210 |
70,475 |
67,959 |
66,172 |
64,922 |
|
16,226 |
15,689 |
15,821 |
15,837 |
16,359 |
15,640 |
15,285 |
15,059 |
15,105 |
16,226 |
16,359 |
15,837 |
15,059 |
Other |
9,464 |
9,215 |
9,198 |
9,389 |
9,435 |
11,580 |
11,429 |
11,446 |
9,226 |
9,464 |
9,435 |
9,389 |
11,446 |
Total |
96,165 |
94,480 |
90,166 |
91,398 |
93,753 |
94,398 |
92,662 |
91,427 |
88,541 |
96,165 |
93,753 |
91,398 |
91,427 |
Number of banking branches |
|||||||||||||
|
1,241 |
1,245 |
1,145 |
1,143 |
1,149 |
1,150 |
1,157 |
1,162 |
1,173 |
1,241 |
1,149 |
1,143 |
1,162 |
|
64 |
64 |
64 |
65 |
69 |
69 |
69 |
70 |
71 |
64 |
69 |
65 |
70 |
Other |
39 |
39 |
39 |
39 |
39 |
39 |
39 |
39 |
39 |
39 |
39 |
39 |
39 |
Total |
1,344 |
1,348 |
1,248 |
1,247 |
1,257 |
1,258 |
1,265 |
1,271 |
1,283 |
1,344 |
1,257 |
1,247 |
1,271 |
Number of automated teller machines (ATMs) |
4,426 |
4,447 |
4,341 |
4,341 |
4,353 |
4,357 |
4,363 |
4,368 |
4,364 |
4,426 |
4,353 |
4,341 |
4,368 |
Active digital (online and mobile) users (000's) 2 |
9,718 |
9,681 |
9,192 |
9,016 |
8,837 |
8,774 |
8,579 |
8,405 |
8,277 |
9,718 |
8,837 |
9,016 |
8,405 |
Active mobile users (000's) 2 |
7,609 |
7,415 |
7,038 |
6,865 |
6,639 |
6,429 |
6,287 |
6,129 |
5,962 |
7,609 |
6,639 |
6,865 |
6,129 |
MARKET RISK MEASURES - Interest Rate Risk in the Banking Book (IRRBB) Sensitivities |
|||||||||||||
Before-tax impact of 100 bps increase in rates on: |
|||||||||||||
Net interest income risk 3 |
325 |
325 |
535 |
651 |
580 |
824 |
663 |
781 |
1,091 |
325 |
580 |
651 |
781 |
Economic value of equity |
(1,822) |
(2,149) |
(1,649) |
(1,552) |
(1,999) |
(1,726) |
(2,069) |
(1,900) |
(1,411) |
(1,822) |
(1,999) |
(1,552) |
(1,900) |
Before-tax impact of 100 bps decrease in rates on: |
|||||||||||||
Net interest income risk 3 |
(425) |
(458) |
(622) |
(751) |
(648) |
(894) |
(776) |
(839) |
(1,189) |
(425) |
(648) |
(751) |
(839) |
Economic value of equity |
1,399 |
1,803 |
1,309 |
1,353 |
1,789 |
1,507 |
1,808 |
1,709 |
914 |
1,399 |
1,789 |
1,353 |
1,709 |
- See 'Glossary' beginning on page 35 for explanation of composition.
- This figure represents the 90-Day Active customers in Canadian Banking only.
- Amounts represent the 12-month Net interest income exposure to an instantaneous and sustained shift in interest rates.
-4- |
|
3rd Quarter 2024 - Supplementary Financial Information |
|
STATEMENTS OF INCOME |
IFRS17 |
IFRS4 |
IFRS17 |
IFRS17 |
IFRS4 |
||||||||
2024 |
2023 |
||||||||||||
(Millions of Canadian dollars) |
Q3/24 |
Q2/24 |
Q1/24 |
Q4/23 |
Q3/23 |
Q2/23 |
Q1/23 |
Q4/22 |
Q3/22 |
9 months |
9 months |
2023 |
2022 |
Net interest income |
|||||||||||||
Interest and dividend income |
27,090 |
25,754 |
25,609 |
24,502 |
22,834 |
20,318 |
19,337 |
14,898 |
10,737 |
78,453 |
62,489 |
86,991 |
40,771 |
Interest expense |
19,763 |
19,131 |
19,277 |
17,960 |
16,548 |
14,219 |
13,135 |
8,616 |
4,847 |
58,171 |
43,902 |
61,862 |
18,054 |
Total |
7,327 |
6,623 |
6,332 |
6,542 |
6,286 |
6,099 |
6,202 |
6,282 |
5,890 |
20,282 |
18,587 |
25,129 |
22,717 |
Non-interest income |
|||||||||||||
Accounts |
418 |
399 |
399 |
396 |
377 |
363 |
362 |
365 |
351 |
1,216 |
1,102 |
1,498 |
1,406 |
Other payment services |
169 |
158 |
155 |
152 |
152 |
148 |
149 |
147 |
148 |
482 |
449 |
601 |
570 |
Service charges |
587 |
557 |
554 |
548 |
529 |
511 |
511 |
512 |
499 |
1,698 |
1,551 |
2,099 |
1,976 |
Insurance service result 1 |
214 |
203 |
187 |
137 |
149 |
225 |
192 |
604 |
566 |
703 |
|||
Insurance investment result 1 |
28 |
59 |
141 |
64 |
151 |
14 |
(73) |
228 |
92 |
156 |
|||
Insurance premiums, investment and fee income |
644 |
1,233 |
3,510 |
||||||||||
Trading revenue |
507 |
633 |
804 |
408 |
485 |
430 |
1,069 |
451 |
(128) |
1,944 |
1,984 |
2,392 |
926 |
Investment management and custodial fees |
2,382 |
2,257 |
2,185 |
2,106 |
2,099 |
2,083 |
2,056 |
1,900 |
1,857 |
6,824 |
6,238 |
8,344 |
7,610 |
Mutual fund revenue |
1,151 |
1,067 |
1,030 |
1,014 |
1,034 |
1,000 |
1,015 |
1,010 |
1,028 |
3,248 |
3,049 |
4,063 |
4,289 |
Securities brokerage commissions |
413 |
431 |
388 |
363 |
362 |
377 |
361 |
349 |
344 |
1,232 |
1,100 |
1,463 |
1,481 |
Underwriting and other advisory fees |
676 |
734 |
606 |
563 |
472 |
458 |
512 |
481 |
369 |
2,016 |
1,442 |
2,005 |
2,058 |
Foreign exchange revenue, other than trading |
292 |
287 |
262 |
248 |
289 |
322 |
433 |
266 |
250 |
841 |
1,044 |
1,292 |
1,038 |
Card service revenue |
324 |
291 |
326 |
302 |
334 |
279 |
325 |
310 |
314 |
941 |
938 |
1,240 |
1,203 |
Credit fees |
405 |
434 |
395 |
411 |
342 |
357 |
379 |
337 |
301 |
1,234 |
1,078 |
1,489 |
1,512 |
Net gains (losses) on investment securities |
28 |
59 |
70 |
2 |
27 |
111 |
53 |
(23) |
28 |
157 |
191 |
193 |
43 |
Income (loss) from joint ventures and associates |
(57) |
18 |
12 |
(223) |
(37) |
12 |
29 |
24 |
33 |
(27) |
4 |
(219) |
110 |
Other |
354 |
501 |
193 |
200 |
455 |
167 |
293 |
24 |
114 |
1,048 |
915 |
1,115 |
512 |
Total |
7,304 |
7,531 |
7,153 |
6,143 |
6,691 |
6,346 |
7,155 |
6,285 |
6,242 |
21,988 |
20,192 |
26,335 |
26,268 |
Total revenue |
14,631 |
14,154 |
13,485 |
12,685 |
12,977 |
12,445 |
13,357 |
12,567 |
12,132 |
42,270 |
38,779 |
51,464 |
48,985 |
Provision for credit losses |
659 |
920 |
813 |
720 |
616 |
600 |
532 |
381 |
340 |
2,392 |
1,748 |
2,468 |
484 |
Insurance policyholder benefits, claims and acquisition expense |
116 |
850 |
1,783 |
||||||||||
Non-interest expense |
8,599 |
8,308 |
8,324 |
8,059 |
7,765 |
7,400 |
7,589 |
7,209 |
6,386 |
25,231 |
22,754 |
30,813 |
26,609 |
Income before income taxes |
5,373 |
4,926 |
4,348 |
3,906 |
4,596 |
4,445 |
5,236 |
4,861 |
4,556 |
14,647 |
14,277 |
18,183 |
20,109 |
Income taxes |
887 |
976 |
766 |
(33) |
736 |
765 |
2,103 |
979 |
979 |
2,629 |
3,604 |
3,571 |
4,302 |
Net income |
4,486 |
3,950 |
3,582 |
3,939 |
3,860 |
3,680 |
3,133 |
3,882 |
3,577 |
12,018 |
10,673 |
14,612 |
15,807 |
Net income attributable to: |
|||||||||||||
Shareholders |
4,483 |
3,948 |
3,580 |
3,937 |
3,858 |
3,679 |
3,131 |
3,876 |
3,575 |
12,011 |
10,668 |
14,605 |
15,794 |
Non-controlling interests (NCI) |
3 |
2 |
2 |
2 |
2 |
1 |
2 |
6 |
2 |
7 |
5 |
7 |
13 |
Net income |
4,486 |
3,950 |
3,582 |
3,939 |
3,860 |
3,680 |
3,133 |
3,882 |
3,577 |
12,018 |
10,673 |
14,612 |
15,807 |
Net income |
4,486 |
3,950 |
3,582 |
3,939 |
3,860 |
3,680 |
3,133 |
3,882 |
3,577 |
12,018 |
10,673 |
14,612 |
15,807 |
Non-controlling interests (NCI) |
(3) |
(2) |
(2) |
(2) |
(2) |
(1) |
(2) |
(6) |
(2) |
(7) |
(5) |
(7) |
(13) |
Dividends on preferred shares and distributions on other equity instruments |
(106) |
(67) |
(58) |
(67) |
(58) |
(67) |
(44) |
(67) |
(58) |
(231) |
(169) |
(236) |
(247) |
Net income available to common shareholders |
4,377 |
3,881 |
3,522 |
3,870 |
3,800 |
3,612 |
3,087 |
3,809 |
3,517 |
11,780 |
10,499 |
14,369 |
15,547 |
- See 'Glossary' beginning on page 35 for explanation of composition of this measure.
-5- |
|
3rd Quarter 2024 - Supplementary Financial Information |
|
REVENUE FROM TRADING ACTIVITIES |
Q3/24 |
Q2/24 |
Q1/24 |
Q4/23 |
Q3/23 |
Q2/23 |
Q1/23 |
Q4/22 |
Q3/22 |
2024 |
2023 |
2023 |
2022 |
(Millions of Canadian dollars) |
9 months |
9 months |
|||||||||||
Total trading revenue 1 |
|||||||||||||
Net interest income 2 |
475 |
403 |
344 |
345 |
510 |
469 |
186 |
403 |
465 |
1,222 |
1,165 |
1,510 |
2,024 |
Non-interest income 3 |
507 |
633 |
804 |
408 |
485 |
430 |
1,069 |
451 |
(128) |
1,944 |
1,984 |
2,392 |
926 |
Total |
982 |
1,036 |
1,148 |
753 |
995 |
899 |
1,255 |
854 |
337 |
3,166 |
3,149 |
3,902 |
2,950 |
Trading revenue by product |
|||||||||||||
Interest rate and credit 3 |
561 |
595 |
739 |
524 |
652 |
602 |
750 |
430 |
(71) |
1,895 |
2,004 |
2,528 |
1,147 |
Equities |
210 |
238 |
159 |
97 |
171 |
81 |
255 |
179 |
229 |
607 |
507 |
604 |
951 |
Foreign exchange and commodities |
211 |
203 |
250 |
132 |
172 |
216 |
250 |
245 |
179 |
664 |
638 |
770 |
852 |
Total |
982 |
1,036 |
1,148 |
753 |
995 |
899 |
1,255 |
854 |
337 |
3,166 |
3,149 |
3,902 |
2,950 |
Trading revenue (teb1) by product |
|||||||||||||
Interest rate and credit 3 |
561 |
595 |
739 |
524 |
652 |
602 |
750 |
430 |
(71) |
1,895 |
2,004 |
2,528 |
1,147 |
Equities |
199 |
232 |
206 |
207 |
275 |
182 |
362 |
305 |
359 |
637 |
819 |
1,026 |
1,467 |
Foreign exchange and commodities |
211 |
203 |
250 |
132 |
172 |
216 |
250 |
245 |
179 |
664 |
638 |
770 |
852 |
Total (teb1) |
971 |
1,030 |
1,195 |
863 |
1,099 |
1,000 |
1,362 |
980 |
467 |
3,196 |
3,461 |
4,324 |
3,466 |
Trading revenue (teb1) by product - Capital Markets |
|||||||||||||
Interest rate and credit 3 |
494 |
539 |
667 |
457 |
616 |
536 |
679 |
385 |
(130) |
1,700 |
1,831 |
2,288 |
962 |
Equities |
208 |
226 |
232 |
170 |
271 |
190 |
382 |
308 |
347 |
666 |
843 |
1,013 |
1,451 |
Foreign exchange and commodities |
185 |
182 |
230 |
134 |
150 |
196 |
232 |
226 |
160 |
597 |
578 |
712 |
782 |
Total (teb1) |
887 |
947 |
1,129 |
761 |
1,037 |
922 |
1,293 |
919 |
377 |
2,963 |
3,252 |
4,013 |
3,195 |
- See 'Glossary' beginning on page 35 for explanation of composition.
- Reflects net interest income arising from trading-related positions, including assets and liabilities that are classified or designated at FVTPL.
3 Includes loan underwriting commitments.
REALIZED GAINS AND LOSSES ON INVESTMENT SECURITIES |
Q3/24 |
Q2/24 |
Q1/24 |
Q4/23 |
Q3/23 |
Q2/23 |
Q1/23 |
Q4/22 |
Q3/22 |
2024 |
2023 |
2023 |
2022 |
|
(Millions of Canadian dollars) |
9 months |
9 months |
||||||||||||
Realized gains |
35 |
70 |
70 |
8 |
42 |
112 |
60 |
39 |
38 |
175 |
214 |
222 |
118 |
|
Realized losses |
(7) |
(11) |
- |
(6) |
(15) |
(1) |
(7) |
(62) |
(10) |
(18) |
(23) |
(29) |
(75) |
|
Net gains (losses) on investment securities |
28 |
59 |
70 |
2 |
27 |
111 |
53 |
(23) |
28 |
157 |
191 |
193 |
43 |
-6- |
|
3rd Quarter 2024 - Supplementary Financial Information |
|
NON-INTEREST EXPENSE |
IFRS17 |
IFRS4 |
IFRS17 |
IFRS17 |
IFRS4 |
||||||||
2024 |
2023 |
||||||||||||
(Millions of Canadian dollars) |
Q3/24 |
Q2/24 |
Q1/24 |
Q4/23 |
Q3/23 |
Q2/23 |
Q1/23 |
Q4/22 |
Q3/22 |
9 months |
9 months |
2023 |
2022 |
Human resources |
|||||||||||||
Salaries |
2,310 |
2,145 |
2,078 |
2,239 |
2,160 |
2,069 |
2,010 |
1,935 |
1,820 |
6,533 |
6,239 |
8,478 |
7,251 |
Variable compensation |
2,246 |
2,161 |
2,083 |
1,955 |
1,816 |
1,811 |
2,026 |
1,959 |
1,473 |
6,490 |
5,653 |
7,608 |
7,127 |
Benefits and retention compensation |
615 |
606 |
605 |
489 |
545 |
561 |
544 |
486 |
497 |
1,826 |
1,650 |
2,139 |
2,015 |
Share-based compensation 1 |
235 |
179 |
397 |
(17) |
243 |
132 |
270 |
3 |
68 |
811 |
645 |
628 |
135 |
Total Human resources |
5,406 |
5,091 |
5,163 |
4,666 |
4,764 |
4,573 |
4,850 |
4,383 |
3,858 |
15,660 |
14,187 |
18,853 |
16,528 |
Equipment |
|||||||||||||
Depreciation |
89 |
89 |
91 |
92 |
92 |
88 |
90 |
89 |
89 |
269 |
270 |
362 |
353 |
Computer rental and maintenance |
536 |
523 |
523 |
516 |
517 |
496 |
475 |
477 |
421 |
1,582 |
1,488 |
2,004 |
1,731 |
Office equipment rental and maintenance |
4 |
3 |
5 |
4 |
2 |
5 |
4 |
5 |
4 |
12 |
11 |
15 |
15 |
Total Equipment |
629 |
615 |
619 |
612 |
611 |
589 |
569 |
571 |
514 |
1,863 |
1,769 |
2,381 |
2,099 |
Occupancy |
|||||||||||||
Premises rent |
20 |
22 |
13 |
17 |
14 |
17 |
23 |
27 |
18 |
55 |
54 |
71 |
78 |
Premises repairs and maintenance |
139 |
132 |
129 |
117 |
124 |
128 |
122 |
109 |
106 |
400 |
374 |
491 |
435 |
Depreciation |
244 |
249 |
229 |
231 |
232 |
225 |
225 |
235 |
225 |
722 |
682 |
913 |
912 |
Property taxes |
40 |
38 |
36 |
36 |
39 |
35 |
34 |
30 |
32 |
114 |
108 |
144 |
129 |
Total Occupancy |
443 |
441 |
407 |
401 |
409 |
405 |
404 |
401 |
381 |
1,291 |
1,218 |
1,619 |
1,554 |
Communications |
|||||||||||||
Telecommunications |
39 |
38 |
39 |
38 |
40 |
38 |
36 |
39 |
37 |
116 |
114 |
152 |
151 |
Postage and courier |
51 |
67 |
56 |
46 |
45 |
50 |
51 |
44 |
44 |
174 |
146 |
192 |
183 |
Marketing and public relations |
227 |
228 |
204 |
238 |
213 |
206 |
169 |
211 |
178 |
659 |
588 |
826 |
667 |
Stationery and printing |
25 |
25 |
22 |
22 |
23 |
24 |
22 |
25 |
18 |
72 |
69 |
91 |
81 |
|
342 |
358 |
321 |
344 |
321 |
318 |
278 |
319 |
277 |
1,021 |
917 |
1,261 |
1,082 |
Professional fees |
547 |
697 |
624 |
692 |
591 |
506 |
382 |
472 |
373 |
1,868 |
1,479 |
2,171 |
1,511 |
Amortization of other intangibles |
|||||||||||||
Computer software |
272 |
267 |
272 |
274 |
288 |
301 |
276 |
286 |
280 |
811 |
865 |
1,139 |
1,113 |
Other |
154 |
106 |
80 |
83 |
81 |
82 |
86 |
68 |
62 |
340 |
249 |
332 |
256 |
Total Amortization of other intangibles |
426 |
373 |
352 |
357 |
369 |
383 |
362 |
354 |
342 |
1,151 |
1,114 |
1,471 |
1,369 |
Other |
|||||||||||||
Business and capital taxes |
23 |
25 |
17 |
58 |
23 |
25 |
31 |
64 |
41 |
65 |
79 |
137 |
162 |
Travel and relocation |
42 |
35 |
32 |
33 |
41 |
43 |
41 |
40 |
32 |
109 |
125 |
158 |
106 |
Employee training |
13 |
15 |
10 |
13 |
14 |
14 |
15 |
15 |
13 |
38 |
43 |
56 |
50 |
Donations |
44 |
41 |
35 |
45 |
46 |
35 |
33 |
37 |
43 |
120 |
114 |
159 |
140 |
Outsourced item processing |
31 |
34 |
29 |
27 |
27 |
31 |
27 |
26 |
28 |
94 |
85 |
112 |
108 |
Impairment of other intangibles |
4 |
12 |
2 |
71 |
14 |
12 |
11 |
11 |
1 |
18 |
37 |
108 |
18 |
Other |
649 |
571 |
713 |
740 |
535 |
466 |
586 |
516 |
483 |
1,933 |
1,587 |
2,327 |
1,882 |
Total Other |
806 |
733 |
838 |
987 |
700 |
626 |
744 |
709 |
641 |
2,377 |
2,070 |
3,057 |
2,466 |
Total non-interest expense |
8,599 |
8,308 |
8,324 |
8,059 |
7,765 |
7,400 |
7,589 |
7,209 |
6,386 |
25,231 |
22,754 |
30,813 |
26,609 |
- Share-basedcompensation includes the cost of stock options, performance deferred shares, deferred compensation plans and the impact of related economic hedges.
-7- |
|
3rd Quarter 2024 - Supplementary Financial Information |
|
PERSONAL & COMMERCIAL BANKING |
Q3/24 |
Q2/24 |
Q1/24 |
Q4/23 |
Q3/23 |
Q2/23 |
Q1/23 |
Q4/22 |
Q3/22 |
2024 |
2023 |
2023 |
2022 |
(Millions of Canadian dollars, except percentage amounts) |
9 months |
9 months |
|||||||||||
Income Statement |
|||||||||||||
Net interest income |
5,052 |
4,400 |
4,216 |
4,188 |
4,062 |
3,817 |
4,007 |
3,901 |
3,655 |
13,668 |
11,886 |
16,074 |
14,019 |
Non-interest income |
1,673 |
1,590 |
1,578 |
1,530 |
1,501 |
1,481 |
1,534 |
1,518 |
1,527 |
4,841 |
4,516 |
6,046 |
6,124 |
Total revenue |
6,725 |
5,990 |
5,794 |
5,718 |
5,563 |
5,298 |
5,541 |
5,419 |
5,182 |
18,509 |
16,402 |
22,120 |
20,143 |
PCL on performing assets 1 |
68 |
245 |
150 |
103 |
5 |
122 |
141 |
56 |
141 |
463 |
268 |
371 |
(283) |
PCL on impaired assets 1 |
539 |
509 |
484 |
348 |
300 |
300 |
260 |
230 |
183 |
1,532 |
860 |
1,208 |
746 |
Total PCL |
607 |
754 |
634 |
451 |
305 |
422 |
401 |
286 |
324 |
1,995 |
1,128 |
1,579 |
463 |
Non-interest expense |
2,715 |
2,428 |
2,339 |
2,410 |
2,319 |
2,257 |
2,229 |
2,270 |
2,130 |
7,482 |
6,805 |
9,215 |
8,437 |
Income taxes |
913 |
757 |
760 |
766 |
805 |
704 |
785 |
724 |
705 |
2,430 |
2,294 |
3,060 |
2,873 |
Net income |
2,490 |
2,051 |
2,061 |
2,091 |
2,134 |
1,915 |
2,126 |
2,139 |
2,023 |
6,602 |
6,175 |
8,266 |
8,370 |
Total revenue by business |
|||||||||||||
Personal Banking |
4,470 |
4,074 |
3,903 |
3,869 |
3,781 |
3,607 |
3,761 |
3,639 |
3,556 |
12,447 |
11,149 |
15,018 |
13,957 |
Business Banking |
1,975 |
1,630 |
1,613 |
1,565 |
1,511 |
1,433 |
1,523 |
1,540 |
1,418 |
5,218 |
4,467 |
6,032 |
5,325 |
Canadian Banking |
6,445 |
5,704 |
5,516 |
5,434 |
5,292 |
5,040 |
5,284 |
5,179 |
4,974 |
17,665 |
15,616 |
21,050 |
19,282 |
|
280 |
286 |
278 |
284 |
271 |
258 |
257 |
240 |
208 |
844 |
786 |
1,070 |
861 |
Total |
6,725 |
5,990 |
5,794 |
5,718 |
5,563 |
5,298 |
5,541 |
5,419 |
5,182 |
18,509 |
16,402 |
22,120 |
20,143 |
Financial ratios |
|||||||||||||
ROE 2 |
22.0% |
23.2% |
26.0% |
26.7% |
28.1% |
26.5% |
29.8% |
30.5% |
29.2% |
23.5% |
28.1% |
27.8% |
30.9% |
NIM (average earning assets, net) 2 |
2.89% |
2.82% |
2.77% |
2.77% |
2.74% |
2.70% |
2.76% |
2.72% |
2.61% |
2.83% |
2.73% |
2.74% |
2.55% |
Efficiency ratio 2 |
40.4% |
40.5% |
40.4% |
42.1% |
41.7% |
42.6% |
40.2% |
41.9% |
41.1% |
40.4% |
41.5% |
41.7% |
41.9% |
Operating leverage 2 |
3.8% |
5.5% |
(0.3)% |
(0.7)% |
(1.5)% |
(0.2)% |
5.2% |
8.9% |
4.8% |
2.9% |
1.1% |
0.6% |
4.0% |
Average balances 2 |
|||||||||||||
Total assets |
732,200 |
670,700 |
637,800 |
631,500 |
619,700 |
610,000 |
604,700 |
597,600 |
582,700 |
680,300 |
611,500 |
616,600 |
575,900 |
Earning assets, net 2 |
696,100 |
634,900 |
605,500 |
599,400 |
588,400 |
579,800 |
575,900 |
569,000 |
555,400 |
645,600 |
581,400 |
585,900 |
548,900 |
Loans and acceptances, net |
698,800 |
643,500 |
614,100 |
607,200 |
596,000 |
586,700 |
581,800 |
574,300 |
560,300 |
652,200 |
588,200 |
593,000 |
553,300 |
Deposits |
731,200 |
664,800 |
630,600 |
621,000 |
601,100 |
588,000 |
579,800 |
570,200 |
555,300 |
675,600 |
589,600 |
597,500 |
552,100 |
Attributed capital 2 |
44,150 |
35,600 |
31,200 |
30,700 |
29,900 |
29,300 |
28,100 |
27,550 |
27,250 |
37,000 |
29,100 |
29,500 |
26,800 |
Risk capital 2 |
30,600 |
27,550 |
26,000 |
25,450 |
24,850 |
24,650 |
23,550 |
22,950 |
22,850 |
28,050 |
24,350 |
24,650 |
22,350 |
Credit quality |
|||||||||||||
Gross impaired loans (GIL) / Related loans and acceptances 2, 3 |
0.52% |
0.42% |
0.39% |
0.31% |
0.28% |
0.28% |
0.26% |
0.23% |
0.24% |
0.52% |
0.28% |
0.31% |
0.23% |
PCL on performing loans (Stage 1 and 2) / Average net loans and acceptance |
0.04% |
0.16% |
0.10% |
0.07% |
0.00% |
0.09% |
0.09% |
0.04% |
0.10% |
0.10% |
0.06% |
0.06% |
(0.05)% |
PCL on impaired loans (Stage 3) / Average net loans and acceptances |
0.31% |
0.32% |
0.31% |
0.23% |
0.20% |
0.21% |
0.18% |
0.16% |
0.13% |
0.31% |
0.20% |
0.21% |
0.14% |
Net write-offs2 / Average net loans and acceptances 3 |
0.20% |
0.23% |
0.21% |
0.18% |
0.17% |
0.16% |
0.14% |
0.19% |
0.12% |
0.21% |
0.16% |
0.17% |
0.13% |
Business information |
|||||||||||||
Assets under administration (AUA) 2, 4 |
429,200 |
405,400 |
362,700 |
336,800 |
357,500 |
355,300 |
353,400 |
340,300 |
350,200 |
429,200 |
357,500 |
336,800 |
340,300 |
Assets under management (AUM) 2 |
6,300 |
6,400 |
6,100 |
5,900 |
5,700 |
5,800 |
5,600 |
5,600 |
5,400 |
6,300 |
5,700 |
5,900 |
5,600 |
Number of employees (full-time equivalent) |
40,863 |
40,622 |
37,373 |
38,027 |
39,218 |
39,498 |
39,036 |
38,450 |
37,648 |
40,863 |
39,218 |
38,027 |
38,450 |
After-tax effect of amortization of acquisition-related intangibles |
58 |
22 |
4 |
5 |
4 |
5 |
6 |
7 |
5 |
84 |
15 |
20 |
24 |
- PCL on performing assets represents Stage 1 and 2 PCL on all performing assets, except those classified or designated as FVTPL and equity securities designated as FVOCI. PCL on impaired assets represents Stage 3 PCL. Stage 3 PCL is comprised of lifetime credit losses of all credit-impaired financial assets, except those classified or designated as FVTPL and equity securities designated as FVOCI.
- See 'Glossary' beginning on page 35 for explanation of composition of this measure.
3 Certain amounts have been revised from those previously presented.
4 AUA represents period-end spot balances and includes securitized residential mortgages and credit card loans as atJuly 31, 2024 of$15 billion and$6 billion , respectively (April 30, 2024 of$16 billion and$6 billion ;July 31, 2023 of$13 billion and$7 billion ).
-8- |
|
3rd Quarter 2024 - Supplementary Financial Information |
|
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