Financial Overview and Sector Exposure
APPENDIX 2 | PERSONAL AND COMMERCIAL BANKING
P&C Summary Results - Q1 2022
($MM)
-
Q1 22
Q4 21
Q1 21
QoQ
YOY
Revenues
Personal
958
930
881
3%
9%
588
570
556
3%
6%
Commercial
370
360
325
3%
14%
Non-Interest Expenses
532
509
496
5%
7%
Pre-Tax / Pre-Provisions
426
421
385
1%
11%
PCL
(5)
(5)
45
Net Income
317
313
250
1%
27%
■ Revenues up 9% YoY
Strong growth on both sides of the balance
sheet, partly offset by lower margin
Other income up 15% YoY on strong client
activity and favorable insurance actuarial reserve
adjustment
Expenses up 7% YoY driven by salaries and
continued IT investments to support our
transformation
NIM stable QoQ
Key Metrics
Q1 22
Q4 21
Q1 21
QoQ
YOY
Avg Loans & Bas
135,371
132,319
120,240
2%
13%
Personal
Commercial
Avg Deposits
Personal
Commercial
90,176 88,649 82,866
45,195 43,670 37,374
2%
9%
3%
21%
80,066 79,826 73,774
9%
NIM (%)
Efficiency Ratio (%)
PCL Ratio
37,308 37,100 36,102
42,758 42,726 37,672
2.05% 2.05% 2.16%
55.5% 54.7% 56.3%
(0.01%) (0.01%) 0.15%
1%
3%
P&C Net Interest Margin (1)
14%
+80 bps
(0.11%)
-80 bps
2.16%
2.14%
2.09%
2.05%
2.05%
(1) NIM is on Earning Assets.
Q1 21
Q2 21
Q3 21
Q4 21
Q1 22
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