Financial Overview and Sector Exposure
APPENDIX 1 | TOTAL BANK - Q1 22 RESULTS
Total Bank Summary Results - Q1 2022
-
Revenues up 11% YoY(1) and PTPP up 14%
YoY(1)(2)
Average loans up 12% YoY
Average deposits up 12% YoY
Positive operating leverage
Expenses up 8% YoY (see slides 7 and 8)
PCL recovery of $2M reflecting continued
strong performance
■ Diluted EPS of $2.65
($MM, TEB)
Adjusted Results (1)
Q1 22
Q4 21
Q1 21
QoQ
YoY
☐
Revenues
2,530
2,252
2,281
12%
11%
Non-Interest Expenses
1,277
1,249
1,180
2%
8%
Pre-Tax/Pre-Provisions (2)
1,253
1,003
1,101
25%
14%
PCL
(2)
(41)
81
(95%)
(102%)
Net Income
932
783
761
19%
22%
Diluted EPS
$2.65
$2.21
$2.15
20%
23%
☐
Operating Leverage (3)
3%
Efficiency Ratio (3)
50.5%
55.5%
51.7% -500 bps -120 bps
Return on Equity (3)
21.7%
18.9%
21.2%
"
Reported Results
Q1 22
Q4 21
Q1 21
QoQ
YoY
Revenues
2,466
2,211
2,224
12%
11%
Non-Interest Expenses
1,277
1,258
1,180
2%
8%
Pre-Tax/Pre-Provisions (2)
1,189
953
1,044
25%
14%
PCL
(2)
(41)
81
Net Income
932
776
761
20%
22%
Diluted EPS
$2.65
$2.19
$2.15
21%
23%
Return on Equity (3)
21.7%
18.7%
21.2%
Key Metrics (3)
Q1 22
Q4 21
Q1 21
QoQ
YOY
Avg Loans & BAs - Total
185,757
Avg Deposits Total
-
254,818
CET1 Ratio
12.7%
180,631
246,206
12.4%
165,588
227,641
11.9%
3%
12%
3%
12%
(1) On a taxable equivalent basis and excluding specified items in Q4-21 comparable period, which are non-GAAP financial measures. See slides 2 and 31.
(2) Pre-Tax Pre-Provision earnings (PTPP) refers to Income before provisions for credit losses and income taxes.
(3) For supplementary financial measures, non-GAAP ratios and capital management measures, see slide 2.
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