Financial Overview and Sector Exposure
APPENDIX 5 | US SPECIALTY FINANCE & INTERNATIONAL
■ Continued growth with revenues up 33% YoY,
loans up 38% and deposits up 28%
USSF&I Summary Results Q1 2022
($MM)
ABA Bank Summary Results
Revenues
-
ABA Bank
Q1 22
Q4 21
Q1 21
QoQ
YoY
158
139
119
14%
33%
Non-Interest Expenses
47
45
44
4%
7%
Pre-Tax / Pre-Provisions
111
94
75
18%
48%
PCL
4
3
2
Net Income
85
72
57
18%
49%
Credigy
Avg Loans & Receivables
6,516
5,890
4,713
11%
38%
Avg Deposits
7,896
7,351
6,175
7%
28%
Efficiency Ratio (%)
29.7%
32.4%
37.0%
Number of clients ('000)
1,469
1,360
1,050
Credigy Summary Results
Q1 22
Q4 21
Q1 21
QoQ
YOY
Revenues
126
100
155
26%
(19%)
Non-Interest Expenses
33
30
39
10%
(15%)
Pre-Tax / Pre-Provisions
93
70
116
33%
(20%)
PCL
14
16
Net Income
62
55
79
13%
(22%)
Avg Assets C$
8,025
7,829
7,448
3%
8%
Avg Assets US$
6,313
6,238
5,810
1%
9%
Efficiency Ratio (%)
26.2%
30.0%
25.2%
Revenues up 26% QoQ:
Strong portfolio performance in the quarter
Q4/21 reflected performance fees to partners on
overperforming portfolios
■ Revenues down YoY; prior year results
included a $26MM gain following the
opportunistic sale of a portfolio
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