4
TDCT achieved leadership in banking excellence in the following channels in the 2016 Ipsos Best Banking Awards: Automated Teller Machine, Online and Mobile. Leadership is defined as either a statistically significant lead over the other Big 5 Canadian Banks (at a 95% confidence interval) or a statistically equal tie with one or more of the Big 5 Canadian Banks. Ipsos 2016 Best Banking Awards are based on ongoing quarterly Customer Service Index (CSI) survey results. Sample size for the total 2016 CSI program year ended with the August 2016 survey wave was 47,305 completed surveys yielding 67,678 financial institution ratings nationally.
5
Market share ranking is based on the most current data available from public financial disclosures for average credit card balances at June 2016, the Office of the Superintendent of Financial Institutions Canada (OSFI) for personal deposits, and the Canadian Bankers Association for business deposits and loans as of March 2016.
6
Ranked #1 in Equity Options Block Trading and #2 in Equity Block Trading (block trades by value on all Canadian exchanges. Source: IRESS); #1 in Equity Underwriting (Source: Bloomberg); #2 in Government and Corporate debt underwriting (excludes self-led domestic bank deals and credit card deals. Bonus credit to lead. Source: Bloomberg); #3 in Canadian Syndicated Loans (deal volume awarded proportionately to the Lead Arrangers. Based on a rolling twelve-month basis. Source: Bloomberg). All rankings are as of calendar year-to-date September 2016 unless otherwise noted. Rankings reflect TD Securities’ position among Canadian peers.
7
The Thomson Reuters Analyst Awards are recognized as the gold standard in objective measurement of sell-side analyst performance. The awards recognize
Financial Highlights (millions of Canadian dollars, except where noted)
Results of operations Total revenues – reported Total revenues – adjusted1
Provision for credit losses – reported Provision for credit losses – adjusted1 Insurance claims and related expenses Non-interest expenses – reported Non-interest expenses – adjusted1 Net income – reported Net income – adjusted1
Return on common equity – reported Return on common equity – adjusted2
Financial positions (billions of Canadian dollars) Total loans net of allowance for loan losses Total assets
Total deposits Total equity
Total Common Equity Tier 1 Capital risk-weighted assets3
Financial ratios Efficiency ratio – reported Efficiency ratio – adjusted1
Common Equity Tier 1 Capital ratio3 Tier 1 Capital ratio3 Total Capital ratio3 Leverage ratio
Provision for credit losses as a % of net average loans and acceptances5
Common share information – reported (dollars) Per share earnings Basic
Diluted
Dividends per share Book value per share Closing share price6
Shares outstanding (millions) Average basic Average diluted End of period
Market capitalization (billions of Canadian dollars) Dividend yield
Dividend payout ratio Price-earnings ratio
Total shareholder return (1 year)7
Common share information – adjusted (dollars)1 Per share earnings Basic
Diluted
Dividend payout ratio Price-earnings ratio
1 Refer to footnote 1 on page 2. 2
3
Adjusted return on common equity is a non-GAAP financial measure. Refer to the “Return on Common Equity” section of this document for an explanation.
Effective the third quarter of 2014, each capital ratio has its own risk-weighted assets (RWA) measure due to the OSFI prescribed scalar for inclusion of the Credit Valuation Adjustment (CVA). For fiscal 2014, the scalars for inclusion of CVA for Common Equity Tier 1 (CET1), Tier 1, and Total Capital RWA are 57%, 65%, and 77% respectively. For fiscal 2015 and 2016, the scalars are 64%, 71%, and 77% respectively.
4 Not applicable. 5
$ $ 2016
$ 34,315 34,308 2,330 2,330 2,462
18,877 18,496 8,936 9,292
13.3% 13.9
$ 585.7 1,177.0 773.7 74.2
405.8
55.0% 53.9 10.4 12.2 15.2 4.0
0.41
4.68 4.67 2.16
36.71 60.86
1,853.4 1,856.8 1,857.2
$ 113.0 46.1
13.0 17.9
4.88 4.87
44.3% 12.5
$ $ 3.9% $ 2015
$ 31,426 31,437 1,683 1,683 2,500
18,073 17,076 8,024 8,754
13.4% 14.7
$ 544.3 1,104.4 695.6 67.0
382.4
57.5% 54.3 9.9
11.3 14.0 3.7
0.34
4.22 4.21 2.00
33.81 53.68
1,849.2 1,854.1 1,855.1 99.6
3.8%
47.4 12.8 0.4
4.62 4.61
43.3% 11.7
$ 2014
$ 29,961 29,681 1,557 1,582 2,833
16,496 15,863 7,883 8,127
15.4% 15.9
$ 478.9 960.5 600.7 56.2
328.4
55.1% 53.4 9.4
10.9 13.4
n/a4 0.34
4.15 4.14 1.84
28.45 55.47
1,839.1 1,845.3 1,844.6
$ 102.3 44.3
3.5%
13.4 20.1
$
4.28 4.27
43.0% 13.0
Excludes acquired credit-impaired (ACI) loans and debt securities classified as loans. For additional information on ACI loans, refer to the “Credit Portfolio Quality” section of the MD&A and Note 8 of the Consolidated Financial Statements. For additional information on debt securities classified as loans, refer to the “Exposure to Non-Agency Collateralized Mortgage Obligations” discussion and tables in the “Credit Portfolio Quality” section of the MD&A. 6 Toronto Stock Exchange closing market price.
7
TSR is calculated based on share price movement and dividends reinvested over a trailing one year period.
the world’s top individual sell-side analysts and sell-side firms. They measure the performance of sell-side analysts based on the returns of their buy/sell recommendations relative to industry benchmarks, and the accuracy of their earnings estimates in 16 regions across the globe. TD Securities’ ranking is based on receiving the highest number of equity research awards in 2016.
8
TD Bank, N.A. received the highest numerical score among Retail Banks in Florida in the J.D. Power 2016 Retail Banking Satisfaction Study, based on 76,233 responses from 10 banks measuring opinions of consumers with their primary banking provider, surveyed April 2015-February 2016. Your experiences may vary. Visit
www.jdpower.com.
9
Ranks based on data available from OSFI, Insurers, Insurance Bureau of Canada, and Provincial Regulators, as at December 31, 2015. Peer group top 10: Intact, Desjardins, Aviva, RSA, Wawanesa, The Co-Operators, Allstate, Economical, and Travelers.
10 11 12
Balance protection insurance on credit cards per Canadian Bankers Association (CBA), April 2016.
Credit protection insurance among Big 5 banks based on credit penetration of Mortgage Life Insurance, using data from CBA, April 2016.
Comscore reporting current as of August 30, 2016. TD had the highest number of mobile unique visitors accessing financial services over the past three months, over the full year to-date, and over the third quarter of 2016.
TD BANK GROUP ANNUAL REPORT 2016 YEAR AT A GLANCE
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