Financial Overview and Sector Exposure
Q1 2022 STRONG START TO THE YEAR
-
Revenues ($MM; YoY)
Reported:
$2,466 ; +11%
Adjusted (1):
$2,530; +11%
PTPP (2) ($MM; YoY)
Reported:
Adjusted (1):
$1,189; +14%
$1,253; +14%
PCL ($MM)
Reported:
($2)
Adjusted:
($2)
Diluted EPS
Reported:
$2.65
Adjusted:
$2.65
ROE (3)
Reported:
Adjusted (5):
21.7%
21.7%
Strong start to the year across all segments
Revenues up 11% YoY
-
PTPP up 14% YoY(2)
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Positive operating leverage
Industry-leading ROE of 21.7% (3)
■ Solid CET1 ratio of 12.7% (4) while generating strong organic growth
▪ PCL recovery reflecting continued strong portfolio performance
(1) On a taxable equivalent basis, which is a non-GAAP financial measure. See slide 2.
(2) Pre-Tax Pre-Provision earnings (PTPP) refers to Income before provisions for credit losses and income taxes.
(3) Represents a supplementary financial measure. See slide 2.
(4) Common Equity Tier 1 (CET1) capital ratio represents a capital management measure. See slide 2.
(5) Expressed as a percentage of net income and excluding specified items when applicable.
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