Earnings per Share

12 Months Ended

Oct. 31, 2025

Earnings per Share [Abstract]

Earnings per Share

NOTE 24: EARNINGS PER SHARE

Basic earnings per share is calculated by dividing net income attributable to common shareholders by the weighted-average number of common shares

outstanding for the period.

Diluted earnings per share is calculated using the same method as basic earnings per share except that certain adjustments are made to net income

attributable to common shareholders and the weighted-average number of shares outstanding for the effects of all dilutive potential common shares that are

assumed to be issued by the Bank.

The following table presents the Bank’s basic and diluted earnings per share for the years ended October 31, 2025 and October 31, 2024.

Basic and Diluted Earnings Per Share

(millions of Canadian dollars, except as noted)

For the years ended October 31

2025

2024

Basic earnings per share

Net income attributable to common shareholders

$

19,973

$

8,316

Weighted-average number of common shares outstanding (millions)

1,726.3

1,758.8

Basic earnings per share

(Canadian dollars)

$

11.57

$

4.73

Diluted earnings per share

Net income attributable to common shareholders

$

19,973

$

8,316

Net income available to common shareholders including impact of dilutive securities

19,973

8,316

Weighted-average number of common shares outstanding (millions)

1,726.3

1,758.8

Effect of dilutive securities

Stock options potentially exercisable (millions)

1

1.7

1.2

Weighted-average number of common shares outstanding – diluted (millions)

1,728.0

1,760.0

Diluted earnings per share

(Canadian dollars)

1

$

11.56

$

4.72

1

For the year ended October 31, 2025, the computation of diluted earnings per share excluded average options outstanding of

2.3

 million with a weighted-average exercise price of $

95.33

as the option price was greater than the average market price of the Bank’s common shares. For the year ended October 31, 2024, the computation of diluted earnings per share

excluded average options outstanding of

6.9

 million with an exercise price of $

89.49

, as the option price was greater than the average market price of the Bank’s common shares.