• July 19, 2018
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TD Bank reports 2018 Q2 financial results

TD Bank Group announced its financial results for the second quarter ended April 30, 2018. Second quarter reported earnings were $2.9 billion, up 17% and adjusted earnings were $3.1 billion, up 20% compared with the same quarter last year.

Second quarter financial highlights, compared with the second quarter last year:

• Reported diluted earnings per share were $1.54, compared with $1.31.
• Adjusted diluted earnings per share were $1.62, compared with $1.34.
• Reported net income was $2,916 million, compared with $2,503 million.
• Adjusted net income was $3,062 million, compared with $2,561 million.

Year-to-date financial highlights, six months ended April 30, 2018, compared with the corresponding period last year:

• Reported diluted earnings per share were $2.78, compared with $2.63.
• Adjusted diluted earnings per share were $3.18, compared with $2.67.
• Reported net income was $5,269 million, compared with $5,036 million.
• Adjusted net income was $6,008 million, compared with $5,119 million

"We delivered exceptional earnings performance across the Bank in the second quarter, by continuing to attract customers and deepen our relationship with them. At the half-year mark, we are extremely pleased with the earnings growth in all of our business segments, on both sides of the border."

Bharat Masrani, Group President and Chief Executive Officer.

Re-disseminated by The Asian Banker