TD Bank 2003 Annual Report Download - page 96

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TD BANK FINANCIAL GROUP ANNUAL REPORT 2003 • Ten-year Statistical Review94
(millions of dollars) 2003 2002 2001
Condensed Consolidated Preferred shares $ 1,535 $ 1,485 $ 1,492
Statement of Changes Common shares 3,179 2,846 2,259
in Shareholders’ Equity Contributed surplus 9––
Foreign currency translation adjustments (130) 418 450
Retained earnings 8,518 8,292 9,203
Total common equity 11,576 11,556 11,912
Total shareholders’ equity $ 13,111 $ 13,041 $ 13,404
Other statistics –
reported basis
2003 2002 2001
Per common share11Basic net income $ 1.52 $ (.25) $ 2.07
2Diluted net income21.51 (.25) 2.05
3Dividends 1.16 1.12 1.09
4Book value 17.64 17.91 18.97
5Closing market price 43.86 29.35 35.94
6Closing market price to book value 2.49 1.64 1.89
7Closing market price appreciation 49.4% (18.3)% (14.3)%
8Total market return 53.4 (15.2) (11.7)
Performance ratios 9Return on common shareholders’ equity 8.7% (1.3)% 11.3%
10 Return on risk-weighted assets .92 (.05) 1.08
11 Efficiency ratio 83.3 75.8 79.8
12 Net interest rate margin 2.23 2.07 1.75
13 Common dividend payout ratio 76.2 –52.6
14 Dividend yield33.2 3.2 2.7
15 Price earnings ratio429.2 –17.5
Asset quality 16 Net impaired loans as a % of net loans5(.5)% (.7)% –%
17 Net impaired loans as a % of common equity (5.5) (8.4) (.4)
18 Provision for credit losses as a % of net average loans5.15 2.24 .71
Capital ratios 19 Tier 1 capital to risk-weighted assets 10.5% 8.1% 8.4%
20 Total capital to risk-weighted assets 15.6 11.6 11.9
21 Common equity to total assets 4.2 4.2 4.1
Other 22 Number of common shares outstanding (thousands)1656,261 645,399 628,451
23 Market capitalization (millions) $ 28,784 $ 18,942 $ 22,587
24 Number of employees641,934 43,208 45,565
25 Number of domestic retail outlets71,093 1,178 1,294
26 Number of retail brokerage offices 270 283 284
27 Number of Automated Banking Machines 2,638 2,608 2,777
Other statistics –
operating cash basis8
2003 2002 2001
Per common share11Basic net income $ 2.28 $ .69 $ 3.31
2Diluted net income22.26 .68 3.27
Performance ratios 3Return on common shareholders’ equity 13.0% 3.6% 18.0%
4Return on risk-weighted assets 1.35 .42 1.68
5Efficiency ratio 73.9 64.9 64.5
6Net interest rate margin (TEB) 2.32 2.15 1.85
7Common dividend payout ratio 50.9 162.4 33.0
8Price earnings ratio419.5 43.8 11.0