TD Bank (TD) Investor presentation summary

Business overview and performance

• Operates four main business lines: Canadian Personal & Commercial Banking, U.S. Banking, Wealth Management & Insurance, and Wholesale Banking, with a diversified North American presence and global reach in key financial centers.

• Q1 2026 reported net income of $4.0B and adjusted net income of $4.2B, with total assets at $2.1T and a reported ROE of 13.6%.

• Canadian Personal & Commercial Banking contributed 46% of reported earnings, U.S. Banking 24%, Wealth Management & Insurance 17%, and Wholesale Banking 13%.

• Maintains a strong balance sheet with a CET1 ratio of 14.5% and positive operating leverage.

• Ranked as the 2nd largest Canadian bank by assets and deposits, and 6th in North America.

Strategic priorities and digital innovation

• Focuses on deepening client relationships, simplifying and automating processes, and disciplined execution across all business lines.

• Rolled out Gen AI Virtual Assistant in 1,000+ Canadian branches and launched Agentic AI in real estate secured lending.

• TD Invent aims to deliver $1B in value through AI-driven annualized revenue uplift and cost savings.

• Digital engagement continues to grow, with 8.7M mobile users in Canada and 5.2M in the U.S., and increased digital share of insurance transactions.

Financial targets and cost management

• Targets for fiscal 2026 include 6-8% adjusted EPS growth, 3-4% adjusted expense growth, and a CET1 ratio above 13%.

• Completed a restructuring program with $886M pre-tax charges, expecting $775M in annual cost savings and a 3% FTE reduction.

• Medium-term cost initiatives aim for $2-2.5B in annualized savings through distribution transformation, automation, technology modernization, procurement, global delivery workforce, and cost moderation.