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TD Bank Group Reports Third Quarter 2026 Results
Earnings News Release • Three and nine months ended July 31, 2026
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This quarterly Earnings News Release (ENR) should be read in conjunction with the Bank’s unaudited third quarter 2026 Report to Shareholders for the three and nine months ended July 31, 2026, prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), which is available on our website at http://www.td.com/investor/. This ENR is dated August 26, 2026. Unless otherwise indicated, all amounts are expressed in Canadian dollars, and have been primarily derived from the Bank’s Annual or Interim Consolidated Financial Statements prepared in accordance with IFRS. Certain comparative amounts have been revised to conform with the presentation adopted in the current period. Additional information relating to the Bank is available on the Bank’s website at http://www.td.com, as well as on SEDAR+ at http://www.sedarplus.ca and on the U.S. Securities and Exchange Commission’s (SEC) website at http://www.sec.gov (EDGAR filers section). |
THIRD QUARTER FINANCIAL HIGHLIGHTS, compared with the third quarter last year:
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Reported diluted earnings per share were $2.74, compared with $1.89.
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Adjusted diluted earnings per share were $2.77, compared with $2.20.
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Reported net income was $4,615 million, compared with $3,336 million.
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Adjusted net income was $4,671 million, compared with $3,871 million.
YEAR-TO-DATE FINANCIAL HIGHLIGHTS, nine months ended July 31, 2026, compared with the corresponding period last year:
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Reported diluted earnings per share were $7.50, compared with $9.72.
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Adjusted diluted earnings per share were $7.59, compared with $6.19.
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Reported net income was $12,909 million, compared with $17,258 million.
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Adjusted net income was $13,055 million, compared with $11,120 million.
THIRD QUARTER ADJUSTMENTS (ITEMS OF NOTE)
The third quarter reported earnings figures included the following items of note:
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Amortization of acquired intangibles of $34 million ($25 million after tax or 1 cent per share), compared with $33 million ($25 million after tax or 1 cent per share) in the third quarter last year.
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Impact from the terminated First Horizon Corporation (FHN) acquisition-related capital hedging strategy of $41 million ($31 million after tax or 2 cents per share), compared with $55 million ($41 million after tax or 2 cents per share) in the third quarter last year.
