TD Bank 2010 Annual Report Download - page 148

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146 TD BANK GROUP ANNUAL REPORT 2010 TEN-YEAR STATISTICAL REVIEW
Ten-year Statistical Review
Reconciliation of Non-GAAP Financial Measures1
(millions of Canadian dollars) 2010 2009 2008
Net income available to common shareholders – reported $ 4,450 $ 2,953 $ 3,774
Items of note affecting net income, net of income taxes
Amortization of intangibles 467 492 404
Reversal of Enron litigation reverse – – (323)
Decrease / (Increase) in fair value of derivatives hedging the reclassified
available-for-sale debt securities portfolio (5) 450 (118)
Gain relating to restructuring of VISA – – –
TD Banknorth restructuring, privatization and merger-related charges – – –
Integration and restructuring charges relating to U.S. Personal and
Commercial Banking acquisitions 69 276 70
Decrease / (Increase) in fair value of credit default swaps hedging the corporate loan book 4 126 (107)
Other tax items2 (11) – 34
Provision for (release of) insurance claims (17) – 20
General allowance increase (release) in Canadian Personal and
Commercial Banking and Wholesale Banking (44) 178 –
Settlement of TD Banknorth shareholder litigation – 39 –
FDIC special assessment charge – 35 –
Amortization of goodwill – – –
Dilution gain on Ameritrade transaction, net of costs – – –
Dilution loss on the acquisition of Hudson by TD Banknorth – – –
Balance sheet restructuring charge in TD Banknorth – – –
Wholesale banking restructuring charge – – –
Goodwill impairment – – –
Sale of Wealth Management’s Mutual Funds record keeping business – – –
Special Investment Real Estates gains – – –
General reserves – – –
Non-core portfolio loan loss recoveries (sectoral related) – – –
Loss on structured derivative portfolios – – –
Tax charge related to reorganizations – – –
Preferred share redemption – – –
Initial set up of specific allowance for credit card and overdraft loans – – –
Litigation charge – – –
Agreement with Canada Revenue Agency 121 – –
Total items of note 584 1,596 (20)
Net income available to common shareholders – adjusted $ 5,034 $ 4,549 $ 3,754
Condensed Consolidated Statement of Changes in Shareholders’ Equity
(millions of Canadian dollars) 2010 2009 2008
Common shares $ 16,730 $ 15,357 $ 13,278
Preferred shares 3,395 3,395 1,875
Treasury shares3 (92) (15) (79)
Contributed surplus 305 336 392
Retained earnings 20,959 18,632 17,857
Accumulated other comprehensive income (loss) 1,005 1,015 (1,649)
Total shareholders’ equity $ 42,302 $ 38,720 $ 31,674
Other Statistics – Reported
2010 2009 2008
Per common share 1 Basic earnings $ 5.13 $ 3.49 $ 4.90
2 Diluted earnings 5.10 3.47 4.87
3 Dividends 2.44 2.44 2.36
4 Book value 44.29 41.13 36.78
5 Closing market price 73.45 61.68 56.92
6 Closing market price to book value 1.66 1.50 1.55
7 Closing market price appreciation 19.1% 8.4% (20.2)%
8 Total shareholder return 23.4 13.6 (17.1)
Performance ratios 9 Return on total common equity 12.1% 8.4% 14.4%
10 Return on risk-weighted assets 2.43 1.56 2.22
11 Efficiency ratio 62.2 68.4 64.8
12 Net interest rate margin 2.35 2.54 2.22
13 Common dividend payout ratio 47.6 70.3 49.0
14 Dividend yield4 3.5 4.8 3.8
15 Price earnings ratio5 14.4 17.8 11.7
Asset quality 16 Impaired loans net of specific allowance as a % of net loans6 1.00% 0.67% 0.35%
17 Net impaired loans as a % of common equity 7.14 4.96 2.70
18 Provision for credit losses as a % of net average loans6 0.62 0.97 0.50
Capital ratios 19 Tier 1 capital ratio 12.2% 11.3% 9.8%
20 Total capital ratio 15.5 14.9 12.0
Other 21 Common equity to total assets 6.3 6.3 5.3
22 Number of common shares outstanding (thousands)7 878,497 858,822 810,121
23 Market capitalization (millions of Canadian dollars) $ 64,526 $ 52,972 $ 46,112
24 Average number of employees8 68,725 65,930 58,792
25 Number of retail outlets9 2,449 2,205 2,238
26 Number of retail brokerage offices 105 190 249
27 Number of Automated Banking Machines 4,550 4,197 4,147
Other Statistics – Adjusted
2010 2009 2008
Per common share 1 Basic earnings $ 5.81 $ 5.37 $ 4.92
2 Diluted earnings 5.77 5.35 4.88
Performance ratios 3 Return on total common equity 13.7% 12.9% 14.3%
4 Return on risk-weighted assets 2.63 2.27 2.18
5 Efficiency ratio 58.6 59.2 64.6
6 Common dividend payout ratio 42.1 45.6 49.3
7 Price earnings ratio5 12.7 11.6 11.6