The Toronto-Dominion Bank (TD)

The Toronto-Dominion Bank Income Statement

Financials in millions CAD. Fiscal year is November - October.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jul 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Interest Income on Loans	64,191	54,038	29,666	23,959	28,337	31,870
Interest Income on Investments	27,800	26,636	11,366	5,622	7,496	10,074
Total Interest Income	91,991	80,674	41,032	29,581	35,833	41,944
Interest Paid on Deposits	46,303	38,351	9,748	3,742	8,447	13,732
Interest Paid on Borrowings	15,662	12,379	3,931	1,708	2,889	4,391
Total Interest Expense	61,965	50,730	13,679	5,450	11,336	18,123
Net Interest Income	30,026	29,944	27,353	24,131	24,497	23,821
Net Interest Income Growth (YoY)	-0.18%	9.47%	13.35%	-1.49%	2.84%	7.11%
Income From Trading Activities	3,543	2,417	-257	313	1,404	1,047
Gain (Loss) on Sale of Investments	-53	-48	60	14	1,440	78
Other Non-Interest Income	22,815	19,821	21,652	18,235	16,305	16,119
Total Non-Interest Income	26,305	22,190	21,455	18,562	19,149	17,244
Non-Interest Income Growth (YoY)	14.39%	3.43%	15.59%	-3.07%	11.05%	3.55%
Revenues Before Loan Losses	56,331	52,134	48,808	42,693	43,646	41,065
Provision for Loan Losses	4,022	2,933	1,067	-224	7,242	3,029
Revenue	52,309	49,201	47,741	42,917	36,404	38,036
Revenue Growth (YoY)	3.78%	3.06%	11.24%	17.89%	-4.29%	4.46%
Salaries and Employee Benefits	15,430	14,422	12,511	10,971	11,594	10,509
Occupancy Expenses	1,865	1,799	1,660	1,882	1,641	891
Amortization of Goodwill & Intangibles	711	672	599	706	817	800
Selling, General & Administrative	8,068	7,581	6,331	5,924	4,920	6,040
Other Non-Interest Expense	13,302	9,636	6,441	6,300	5,534	6,392
Total Non-Interest Expense	38,694	33,246	26,550	24,998	23,373	23,440
EBT Excluding Unusual Items	13,615	15,955	21,191	17,919	13,031	14,596
Legal Settlements	-1,642	-1,642	224	-	-	-
Pretax Income	11,044	13,950	21,415	17,919	13,047	14,421
Income Tax Expense	2,823	3,168	3,986	3,621	1,152	2,735
Earnings From Continuing Operations	8,221	10,782	17,429	14,298	11,895	11,686
Minority Interest in Earnings	-	-	-	-	-	-18
Net Income	8,221	10,782	17,429	14,298	11,895	11,668
Preferred Dividends & Other Adjustments	529	563	259	249	267	252
Net Income to Common	7,692	10,219	17,170	14,049	11,628	11,416
Net Income Growth	-43.06%	-38.14%	21.90%	20.20%	1.95%	3.61%
Basic Shares Outstanding	1,773	1,823	1,811	1,818	1,807	1,824
Diluted Shares Outstanding	1,775	1,824	1,814	1,820	1,809	1,827
Shares Change (YoY)	-2.81%	0.60%	-0.36%	0.63%	-1.01%	-0.66%
EPS (Basic)	4.34	5.61	9.48	7.73	6.43	6.26
EPS (Diluted)	4.33	5.60	9.47	7.72	6.43	6.25
EPS Growth	-43.31%	-40.87%	22.67%	20.06%	2.88%	3.99%
Dividend Per Share	4.020	3.840	3.560	3.160	3.110	2.890
Dividend Growth	6.63%	7.87%	12.66%	1.61%	7.61%	10.73%
Effective Tax Rate	25.56%	22.71%	18.61%	20.21%	8.83%	18.97%

Source: S&P Capital IQ. Banks template. Financial Sources.