T ABLE 12


QUARTERLY RESULTS (millions of Canadian dollars, except as noted) 2016


Net interest income Non-interest income


Total revenue Provision for credit losses


Insurance claims and related expenses Non-interest expenses


Provision for (recovery of) income taxes


Equity in net income of an investment in TD Ameritrade Net income – reported


Adjustments for items of note, net of income taxes1 Amortization of intangibles


Fair value of derivatives hedging the reclassified available-for-sale securities portfolio


Impairment of goodwill, non-financial assets, and other charges Restructuring charges


Charge related to the acquisition in U.S. strategic cards portfolio and related integration costs


Litigation and litigation-related charge(s)/reserve(s) Total adjustments for items of note Net income – adjusted


Preferred dividends


Net income available to common shareholders and non-controlling interests in subsidiaries – adjusted Attributable to:


Common shareholders – adjusted Non-controlling interests – adjusted


(Canadian dollars, except as noted)


Basic earnings per share Reported Adjusted


Diluted earnings per share Reported Adjusted


Return on common equity – reported Return on common equity – adjusted


(billions of Canadian dollars, except as noted) Average earning assets


Net interest margin as a percentage of average earning assets 1


$ 1.20 1.23


1.20 1.22


13.3% 13.6


$ 1,031 1.96%


For explanations of items of note, refer to the “Non-GAAP Financial Measures – Reconciliation of Adjusted to Reported Net Income” table in the “Financial Results Overview” section of this document.


$ 1.24 1.27


1.24 1.27


14.1% 14.5


$ 989 1.98%


$ 1.07 1.20


1.07 1.20


12.5% 14.0


$ 969 2.05%


$ 1.17 1.18


1.17 1.18


13.3% 13.5


$ 975 2.06%


$ 0.96 1.15


0.96 1.14


11.4% 13.5


$ 958 2.02%


$ 1.20 1.21


1.19 1.20


14.9% 15.0


$ 925 2.01%


$ 0.98 1.15


0.97 1.14


12.8% 15.0


$ 906 2.07%


$ 1.09 1.12


1.09 1.12


14.6% 15.1


$ 862 2.10% $


Oct. 31 $ 5,072


3,673 8,745


548 585


4,848 555 94


2,303 60


(16) – –


– –


44


2,347 43


2,304 2,275


29 $ Jul. 31


$ 4,924 3,777


8,701 556 692


4,640 576 121


2,358


58 –


– –


– –


58


2,416 36


2,380 2,351


29 $


Apr. 30 $ 4,880


3,379 8,259


584 530


4,736 466 109


2,052


63 51


116 –


– –


230


2,282 37


2,245 2,217


28 $


Jan. 31 $ 5,047


3,563 8,610


642 655


4,653 546 109


2,223 65


(41) – –


– –


24


2,247 25


2,222 2,193


29 $


Oct. 31 $ 4,887


3,160 8,047


509 637


4,911 259 108


1,839 65


(21) –


243 51


– 338


2,177 26


2,151 2,122


29 $


For the three months ended 2015


Jul. 31


$ 4,697 3,309


8,006 437 600


4,292 502 91


2,266 62


(19) – –


–


(24) 19


2,285 25


2,260 2,232


28 $


Apr. 30 $ 4,580


3,179 7,759


375 564


4,705 344 88


1,859 65


(15) –


228 –


32 310


2,169 24


2,145 2,117


28 $ Jan. 31


$ 4,560 3,054


7,614 362 699


4,165 418 90


2,060


63 –


– –


– –


63


2,123 24


2,099 2,072


27


TD BANK GROUP ANNUAL REPORT 2016 MANAGEMENT’S DISCUSSION AND ANALYSIS


23


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