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Key financial metrics1

(millions of Canadian dollars, except where noted) 2013    2012    2011   
Results of operations
Total revenues – reported2 $ 27,262    $ 25,546    $ 23,840   
Total revenues – adjusted2 27,191    25,677    23,713   
Net income – reported 6,662    6,471    6,045   
Net income – adjusted 7,158    7,075    6,432   
Financial positions at year-end (billions)
Total assets 862.5    811.1    735.5   
Total deposits 543.5    487.8    449.4   
Total loans net of allowance for loan losses 444.9    408.8    377.2   
Per common share (Canadian dollars)
Diluted earnings – reported 6.91    6.76    6.43   
Diluted earnings – adjusted 7.45    7.42    6.86   
Dividend payout ratio – adjusted 43.3% 38.7% 37.7%
Total shareholder return (1 year) 22.3% 11.9% 5.7%
Closing market price (fiscal year end) 95.64    81.23    75.23   
Financial ratios
Common Equity Tier 1 capital ratio3 9.0% n.a. n.a.
Tier 1 capital ratio4 11.0% 12.6% 13.0%
Total capital ratio4 14.2% 15.7% 16.0%
Efficiency ratio – reported2 55.2% 54.8% 54.7%
Efficiency ratio – adjusted2 52.8% 51.3% 52.2%

1 Effective November 1, 2011, The Toronto-Dominion Bank (the "Bank" or "TD") prepares its consolidated financial statements in accordance with International Financial Reporting Standards (IFRS), the current generally accepted accounting principles (GAAP), and refers to results prepared in accordance with IFRS as the ”reported” results. The Bank also utilizes non-GAAP financial measures to arrive at "adjusted" results (i.e. reported results excluding “items of note”, net of income taxes) to assess each of its businesses and measure overall Bank performance. See “How the Bank Reports” in the accompanying Management’s Discussion and Analysis (MD&A) for further explanation, a list of the items of note and a reconciliation of non-GAAP financial measures. The Bank’s financial results for fiscal 2011 have been presented in accordance with IFRS for comparative purposes in the Bank’s 2013 Annual Consolidated Financial Statements and MD&A (unless otherwise noted).

2 Effective 2013, Insurance revenue and Insurance claims and related expenses are presented on a gross basis. Comparative amounts, including certain ratios, have been recast to conform with the current presentation.

3 Effective 2013, the Bank implemented the Basel III regulatory framework. As a result, the Bank began reporting the Common Equity Tier 1 capital ratio in accordance with the “all-in” methodology.

4 Effective 2013, amounts are calculated in accordance with the Basel III regulatory framework, and are presented based on the “all-in” methodology. Prior to 2013, amounts were calculated in accordance with the Basel II regulatory framework. Prior to 2012, amounts were based on Canadian GAAP.