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Consolidated Statement of Income - CAD ($)
$ in Millions
12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Interest income    
Loans [1] $ 44,293 $ 47,811
Securities [1] 7,941 9,160
Securities purchased under resale agreements and securities borrowed [1] 2,808 1,602
Deposits with financial institutions [1] 2,560 3,086
Total interest income [1] 57,602 61,659
Interest expense    
Deposits 33,425 39,480
Subordinated debentures 385 490
Other 2,270 2,437
Total interest expenses 36,080 42,407
Net interest income 21,522 19,252
Non-interest income    
Card revenues 892 869
Banking services fees 1,997 1,955
Credit fees 1,249 1,585
Mutual funds 2,564 2,282
Brokerage fees 1,436 1,251
Investment management and trust 1,162 1,096
Underwriting and advisory fees 964 702
Non-trading foreign exchange 948 930
Trading revenues 1,984 1,634
Net gain on sale of investment securities 71 48
Net income from investments in associated corporations 608 198
Insurance service results 485 470
Other fees and commissions 1,653 1,247
Other 206 151
Total non-interest income 16,219 14,418
Total revenue 37,741 33,670
Provision for credit losses 4,714 4,051
Profit from operating activity 33,027 29,619
Non-interest expenses    
Salaries and employee benefits 10,824 9,855
Premises and technology 3,297 2,896
Depreciation and amortization 1,604 1,760 [2],[3]
Communications 384 381
Advertising and business development 672 614
Professional 880 793
Business and capital taxes 708 682
Other 4,149 2,714
Total non-interest expenses 22,518 19,695
Income before taxes 10,509 9,924
Income tax expense 2,751 2,032
Net income 7,758 7,892
Net income attributable to non-controlling interests in subsidiaries (31) 134
Net income attributable to equity holders of the Bank 7,789 7,758
Preferred shareholders and other equity instrument holders 506 472
Common shareholders $ 7,283 $ 7,286
Earnings per common share (in dollars)    
Basic [4] $ 5.84 $ 5.94
Diluted [4] 5.67 5.87
Dividends paid per common share (in dollars) $ 4.32 $ 4.24
[1] Includes interest income on financial assets measured at amortized cost and FVOCI, calculated using the effective interest method, of $56,404 for the year ended October 31, 2025 (October 31, 2024 – $59,871).
[2] Effective Q1 2025, changes were made to the methodology used to allocate certain income, expenses and balance sheet items between business segments. Prior period results for each segment have been reclassified to conform with the current period’s methodology.
[3] Includes impairment charge on software and other intangible assets in the Other segment.
[4] Earnings per share calculations are based on full dollar and share amounts.