TD Bank 2012 Annual Report Download - page 92
Download and view the complete annual report
Please find page 92 of the 2012 TD Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
 |
 |
TD BANK GROUP ANNUAL REPORT 2012 FINANCIAL RESULTS90
Consolidated Statement of Income
For the years ended October 31
(millions of Canadian dollars, except as noted) 2012 2011
Interest income
Loans $ 17,951 $ 17,010
Securities
Interest 3,259 2,720
Dividends 940 810
Deposits with banks 88 369
` 22,238 20,909
Interest expense
Deposits 4,670 4,466
Securitization liabilities 1,026 1,235
Subordinated notes and debentures 612 663
Preferred shares and capital trust securities (Notes 18, 19) 174 208
Other 730 676
7,212 7,248
Net interest income 15,026 13,661
Non-interest income
Investment and securities services 2,621 2,624
Credit fees 745 671
Net gains (losses) from available-for-sale securities (Note 6) 373 393
Trading income (losses) (Note 22) (41) (127)
Service charges 1,775 1,602
Card services 1,039 959
Insurance revenue, net of claims and related expenses (Note 23) 1,113 1,167
Trust fees 149 154
Other income (loss) 322 558
8,096 8,001
Total revenue 23,122 21,662
Provision for credit losses (Note 7) 1,795 1,490
Non-interest expenses
Salaries and employee beneļ¬ts (Note 25) 7,241 6,729
Occupancy, including depreciation 1,374 1,285
Equipment, including depreciation 825 801
Amortization of other intangibles (Note 12) 477 657
Marketing and business development 668 593
Brokerage-related fees 296 320
Professional and advisory services 925 944
Communications 282 271
Other 1,910 1,447
13,998 13,047
Income before income taxes and equity in net income of an investment in associate 7,329 7,125
Provision for (recovery of) income taxes (Note 26) 1,092 1,326
Equity in net income of an investment in associate, net of income taxes (Note 35) 234 246
Net income 6,471 6,045
Preferred dividends 196 180
Net income available to common shareholders and non-controlling interests in subsidiaries $ 6,275 $ 5,865
Attributable to:
Non-controlling interests in subsidiaries $ 104 $ 104
Common shareholders 6,171 5,761
Average number of common shares outstanding (millions) (Note 27)
Basic 906.6 885.7
Diluted 914.9 902.9
Earnings per share (dollars) (Note 27)
Basic $ 6.81 $ 6.50
Diluted 6.76 6.43
Dividends per share (dollars) 2.89 2.61
The accompanying Notes are an integral part of these Consolidated Financial Statements.