The Top 6 Canadian Banks - Selected Indicators of Q1 2014 Results - DPershad

8/12/2019 The Top 6 Canadian Banks - Selected Indicators of Q1 2014 Results - DPershad

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The Top 6 Canadian

Banks: Selected

Indicators of

Q1 2014 Results


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Growth in Q1 2014 for Canada's Top 6 Banks

The top 6 Canadian banks

reported Q1 2014 collective net

income of almost $ 8.5 billion, or

an increase of 11.2 % vs. the year

before.

While 5 of the 6 top Canadian

banks improved their net income

vs. Q1 2013, CIBC increased its

reported net income by an

impressive 50%.

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Top 6 Banks Q1 2014 % Share of Top 6 Revenue

TD and CIBC showed the greatest improvement in total revenue for Q1 2014 VYA, with RBC

retaining the highest share of top 6 total revenue.

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Total Revenue $MM - Q1 2014 $MM - Q1 2013 % Change VYA Total Revenue % Share of Top 6

RBC 8,454.0 7,858.0 7.6 RBC 27%

TD 7,565.0 6,567.0 15.2 TD 25%

Scotia 5,725.0 5,245.0 9.2 Scotia 19%

BMO 4,122.0 4,032.0 2.2 BMO 13%

CIBC 3,634.0 3,165.0 14.8 CIBC 12%

National Bank 1,364.0 1,232.0 10.7 National Bank 4%

30,864.0 28,099.0 9.8 100.0%

RBC

TD

Scotia

BMO

CIBC

National Bank

27%

25%

19%

13%

12%

4%

Q1 2014 % Share of Top 6 Bank Revenue

TD

CIBC

National Bank

Scotia

RBC

BMO

15.2

14.8

10.7

9.2

7.6

2.2

Total Revenue - Q1 2014 % Change

vs.Year ago


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Top 6 Banks Q1 2014 % Share of Top 6 Net Income

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Reported Net Income $ - Q1 2014 $ - Q1 2013 % Change VYA Reported Net Income % Share of Top 6

RBC 2,092.0 2,047.0 2.2 RBC 25

TD 2,042.0 1,784.0 14.5 TD 24

Scotia 1,709.0 1,605.0 6.5 Scotia 20

BMO 1,061.0 1,036.0 2.4 BMO 13

CIBC 1,177.0 785.0 49.9 CIBC 14

National Bank 405.0 373.0 8.6 National Bank -5

8,486.0 7,630.0 11.2

While RBC retained its leading share of top 6 net income (albeit by a slim margin ahead of TD,

which grew net income by 14.5%), CIBC grew its net income by almost 50% vs. Q1 2013 a

notable achievement.

25 24

20

13 14

5

RBC TD Scotia BMO CIBC National

Bank

Q1 2014 Reported Net Income -

% Share of Total Top 6

2.2

14.5

6.52.4

49.9

8.6

RBC TD Scotia BMO CIBC National

Bank

Q1 2014 Reported Net Income:

% Change VYA


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Top 6 Banks Q1 2014 Return on Equity (ROE)

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Reported ROE - % % - Q1 2014 % - Q1 2013 % Change VYA ROE - % Index-RBC = 100

RBC 18.1 20.0 -9.5 RBC 100

TD 16.4 15.6 5.1 TD 91

Scotia 15.4 16.8 -8.3 Scotia 85

BMO 14.2 14.9 -4.7 BMO 78

CIBC 27.5 20.5 34.1 CIBC 152

National Bank 19.8 20.7 -4.3 National Bank 109

Only CIBC and TD showed an improvement in ROE for Q1 2014 vs. Q1 2013, with CIBC

achieving a notable 34% improvement VYA.

100

91

85

78

152

109

RBC

TD

Scotia

BMO

CIBC

National

Bank

Q1 2014 Top 6 Banks - Q1 ROE Index (RBC = 100)

-9.5

5.1

-8.3

-4.7

34.1

-4.3

RBC

TD

Scotia

BMO

CIBC

National Bank

Q1 2014 ROE- % Change VYA


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Top 6 Banks Q1 2014 Earnings Per Share (EPS)

Preventing a clean sweep

by RBC, National Bank led

in Earnings per Share (EPS)

Both CIBC and RBC

however posted significant

improvements vs. Q3 2011

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Reported EPS (diluted) $ - Q1 2014 $ - Q1 2013 % Change VYA EPS Index-RBC = 100

RBC 1.38 1.34 3.0 RBC 100

TD 1.07 0.93 15.1 TD 78

Scotia 1.32 1.24 6.5 Scotia 96

BMO 1.58 1.51 4.6 BMO 114

CIBC 2.88 1.88 53.2 CIBC 209

National Bank 1.15 1.05 9.5 National Bank 83

While all of the top 6 banks showed an improvement in Earnings Per Share for Q1 2014 vs. Q1

2013, CIBC grew EPS by 53% In Q1 2014 VYA, followed by TD with a 15% improvement

100

209

11496

83 78

RBC CIBC BMO Scotia National

Bank

TD

Q1 2014 Reported EPS (diluted)

(Index - RBC = 100)

3

53.2

15.1

9.56.5 4.6

RBC CIBC TD National

Bank

Scotia BMO

Q1 2014 Reported EPS - % Change VYA


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Deepak Pershad, Principal

[email protected]

www.insightsbydesign.ca

The Top 6 Canadian Banks - Selected Indicators of Q1 2014 Results - DPershad

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