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BRIEF-TD Bank Group posts Q1 adj. earnings $1.18/shr

Published 2016-02-25, 06:56 a/m
© Reuters.  BRIEF-TD Bank Group posts Q1 adj. earnings $1.18/shr
TD
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Feb 25 (Reuters) - TD Bank TD.TO :
* TD Bank Group reports first quarter 2016 results
* Qtrly revenue C$8.61 billion versus C$7.61 billion last year
* Qtrly adjusted diluted earnings per share were $1.18
* Qtrly provision for credit losses C$642 million versus C$362 million last
year
* Qtrly return on common equity adjusted 13.5 percent versus 15.1 percent last
year
* Qtrly Canadian retail net income was $1.5 billion, an increase of 4%
* Says current quarter included higher provisions for incurred but not
identified credit losses
* Qtrly net interest income $5.05 billion versus $4.56 billion
* Qtrly U.S. retail net income was $552 million in the first quarter versus
$625 million
* Qtrly common equity tier 1 capital ratio on a Basel III fully phased-in basis
was 9.9%, the same as last quarter
* Qtrly margin on average earning assets was 2.80%, or a 4 bps decrease,
primarily reflecting the low interest rate environment
* Q1 earnings per share view C$1.19, revenue view C$7.81 billion -- Thomson
Reuters I/B/E/S

* Source text for Eikon Further company coverage TD.TO

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