$TDBCP

TORONTO DOMINION BANK

CIK:0000947263|SEC Filings

Consolidated Statement of Income - CAD ($) $ in Millions	12 Months Ended
Consolidated Statement of Income - CAD ($) $ in Millions	Oct. 31, 2025	Oct. 31, 2024
Interest income
Loans	$ 51,730	$ 53,676
Reverse repurchase agreements	9,859	11,621
Securities
Interest	18,209	20,295
Dividends	2,648	2,371
Deposits with banks	5,175	5,426
Total interest income	87,621	93,389
Interest expense
Deposits	40,039	46,860
Securitization liabilities	886	1,002
Subordinated notes and debentures	519	436
Repurchase agreements and short sales	11,602	13,322
Other	1,513	1,297
Total interest expense	54,559	62,917
Net interest income	33,062	30,472
Non-interest income
Investment and securities services	8,522	7,400
Credit fees	1,650	1,898
Trading income (loss)	4,602	3,628
Service charges	2,788	2,626
Card services	2,905	2,947
Insurance revenue	7,737	6,952
Other income (loss)	6,511	1,300
Total non-interest income	34,715	26,751
Total revenue	67,777	57,223
Provision for (recovery of) credit losses	4,506	4,253
Insurance service expenses	6,089	6,647
Non-interest expenses
Salaries and employee benefits	18,227	16,733
Occupancy, including depreciation	1,961	1,958
Technology and equipment, including depreciation	2,872	2,656
Amortization of other intangibles	780	702
Communication and marketing	1,643	1,516
Restructuring charges	686	566
Brokerage-related and sub-advisory fees	528	498
Professional, advisory and outside services	4,288	3,064
Other	2,554	7,800
Total non-interest expenses	33,539	35,493
Income before income taxes and share of net income from investment in Schwab	23,643	10,830
Provision for (recovery of) income taxes	3,410	2,691
Share of net income from investment in Schwab	305	703
Net income	20,538	8,842
Preferred dividends and distributions on other equity instruments	565	526
Net income available to common shareholders	$ 19,973	$ 8,316
Earnings per share
Basic	$ 11.57	$ 4.73
Diluted	11.56	4.72
Dividends per common share	$ 4.20	$ 4.08

Consolidated Statement of Cash Flows - CAD ($) $ in Millions	12 Months Ended
	Oct. 31, 2025	Oct. 31, 2024
Cash flows from (used in) operating activities
Net income	$ 20,538	$ 8,842
Adjustments to determine net cash flows from (used in) operating activities
Provision for (recovery of) credit losses	4,506	4,253
Depreciation	1,386	1,325
Amortization of other intangibles	780	702
Net securities loss/(gain)	1,951	358
Share of net income from investment in Schwab	(305)	(703)
Gain on sale of Schwab shares	(9,159)	(1,022)
Deferred taxes	(764)	(1,061)
Changes in operating assets and liabilities
Interest receivable and payable	(1,072)	1,133
Securities sold under repurchase agreements	19,250	35,046
Securities purchased under reverse repurchase agreements	(38,861)	(3,884)
Obligations related to securities sold short	4,280	(5,146)
Trading loans, securities, and other	(44,366)	(23,680)
Loans net of securitization and sales	(8,024)	(57,908)
Deposits	5,894	69,922
Derivatives	6,077	6,049
Non-trading financial assets at fair value through profit or loss	(1,526)	1,471
Financial assets and liabilities designated at fair value through profit or loss	(10,848)	15,185
Securitization liabilities	7,440	5,552
Current taxes	441	658
Amounts receivable and payable from brokers, dealers, and clients	(4,394)	4,027
Other, including unrealized foreign currency translation loss/(gain)	(22,870)	(6,182)
Net cash from (used in) operating activities	(69,646)	54,937
Cash flows from (used in) financing activities
Issuance of subordinated notes and debentures	2,283	3,324
Redemption or repurchase of subordinated notes and debentures	(3,175)	(1,544)
Common shares issued, net of issuance costs	150	100
Repurchase of common shares, including tax on net value of share repurchases	(6,206)	(3,997)
Preferred shares and other equity instruments issued, net of issuance costs	1,780	1,328
Redemption of preferred shares and other equity instruments	(1,050)	(1,300)
Sale of treasury shares and other equity instruments	14,692	11,948
Purchase of treasury shares and other equity instruments	(14,629)	(11,834)
Dividends paid on shares and distributions paid on other equity instruments	(7,663)	(7,160)
Repayment of lease liabilities	(1,683)	(678)
Net cash from (used in) financing activities	(15,501)	(9,813)
Cash flows from (used in) investing activities
Interest-bearing deposits with banks	61,591	(71,153)
Activities in financial assets at fair value through other comprehensive income
Purchases	(77,185)	(42,542)
Proceeds from maturities	33,481	18,825
Proceeds from sales	14,425	4,130
Activities in debt securities at amortized cost
Purchases	(53,435)	(11,306)
Proceeds from maturities	49,646	49,606
Proceeds from sales	39,026	5,772
Net purchases of land, buildings, equipment, other depreciable assets, and other intangibles	(2,145)	(2,177)
Net cash acquired from divestitures	20,784	3,423
Net cash from (used in) investing activities	86,188	(45,422)
Effect of exchange rate changes on cash and due from banks	34	14
Net increase (decrease) in cash and due from banks	1,075	(284)
Cash and due from banks at beginning of year	6,437	6,721
Cash and due from banks at end of year	7,512	6,437
Supplementary disclosure of cash flows from operating activities
Amount of income taxes paid (refunded) during the year	4,332	3,812
Amount of interest paid during the year	55,466	61,779
Amount of interest received during the year	84,808	91,013
Amount of dividends received during the year	$ 2,687	$ 2,694

Consolidated Balance Sheet - CAD ($) $ in Millions	Oct. 31, 2025	Oct. 31, 2024
ASSETS
Cash and due from banks	$ 7,512	$ 6,437
Interest-bearing deposits with banks	109,417	169,930
Cash and interest bearing deposits with banks	116,929	176,367
Trading loans, securities, and other	220,136	175,770
Non-trading financial assets at fair value through profit or loss	7,395	5,869
Derivatives	82,972	78,061
Financial assets designated at fair value through profit or loss	6,986	6,417
Financial assets at fair value through other comprehensive income	126,369	93,897
Total trading and non trading financial assets	443,858	360,014
Debt securities at amortized cost, net of allowance for credit losses	240,439	271,615
Securities purchased under reverse repurchase agreements	247,078	208,217
Loans
Residential mortgages	315,063	331,649
Consumer instalment and other personal	259,033	228,382
Credit card	41,662	40,639
Business and government	345,943	356,973
Total loans	961,701	957,643
Allowance for loan losses	(8,689)	(8,094)
Loans, net of allowance for loan losses	953,012	949,549
Other
Investment in Schwab	0	9,024
Goodwill	18,980	18,851
Other intangibles	3,409	3,044
Land, buildings, equipment, other depreciable assets, and right-of-use assets	10,132	9,837
Deferred tax assets	5,388	4,937
Amounts receivable from brokers, dealers, and clients	27,345	22,115
Other assets	27,988	28,181
Total other miscellaneous assets	93,242	95,989
Total assets	2,094,558	2,061,751
LIABILITIES
Trading deposits	37,882	30,412
Derivatives	79,356	68,368
Securitization liabilities at fair value	25,283	20,319
Financial liabilities designated at fair value through profit or loss	197,635	207,914
Total financial liabilities other than non-trading deposits and other	340,156	327,013
Deposits
Personal	650,396	641,667
Banks	27,233	57,698
Business and government	589,475	569,315
Total deposits, other than trading	1,267,104	1,268,680
Other
Obligations related to securities sold short	43,795	39,515
Obligations related to securities sold under repurchase agreements	221,150	201,900
Securitization liabilities at amortized cost	14,841	12,365
Amounts payable to brokers, dealers, and clients	27,434	26,598
Insurance contract liabilities	7,278	7,169
Other liabilities	34,240	51,878
Total other miscellaneous liabilities	348,738	339,425
Subordinated notes and debentures	10,733	11,473
Total liabilities	1,966,731	1,946,591
EQUITY
Contributed surplus	285	204
Retained earnings	78,320	70,826
Accumulated other comprehensive income (loss)	12,874	7,904
Total equity	127,827	115,160
Total liabilities and equity	2,094,558	2,061,751
Common shares [member]
EQUITY
Issued capital	24,727	25,373
Treasury shares	0	(17)
Total equity	24,727	25,373
Preferred shares and other equity instruments [member]
EQUITY
Issued capital	11,625	10,888
Treasury shares	(4)	(18)
Total equity	$ 11,625	$ 10,888