Chair of the Board's Message
In 2019, TD demonstrated the strength of its business model by posting strong financial results while delivering on its purpose – to enrich the lives of its customers, communities and colleagues.
The Bank reported earnings of $11.7 billion. The common share dividend was increased by 11%, 30 million shares were repurchased and we continued to deliver above-peer average Total Shareholder Return for the last three-, five- and ten-years.
This year our Annual Report also includes a new section discussing the Bank's environmental, social and governance (ESG) practices, illustrating our commitment to sustainability and community involvement. As a purpose-driven organization, we are making a meaningful and long-lasting impact in the communities we serve.
In 2019, TD advanced a number of initiatives to prepare the Bank for the future. We were named the most innovative digital bank in North America by Global Finance and introduced new capabilities in both Canada and the U.S. to further elevate the customer experience. Combined with ongoing investments in branches and stores, TD is delivering for our customers across every channel. The Bank also continued to make important investments in our colleagues, introducing new training and development programs, remaining focused on diversity and inclusion, and enhancing colleague engagement across the Bank.
On behalf of the Board, I would like to thank our Group President and CEO, Bharat Masrani, and his leadership team, as well as each of our more than 85,000 colleagues for their hard work and dedication throughout the year.
I also want to thank our shareholders for their ongoing support and our customers for the opportunity to serve them. We look forward to continuing to earn and sustain your trust in 2020.
Brian M. Levitt
Chair of the Board