TD Announces First Quarter Financial Results

TD Bank Group today announced its financial results for the first quarter. Reported earnings were $2.4 billion, down 7% primarily due to a one-time impact as a result of U.S. tax reform. Adjusted earnings were $2.9 billion, up 15% compared with the same quarter last year, reflecting growth across all business segments.

"Our businesses continued to deliver good revenue growth this quarter and we further accelerated our innovation agenda by investing in capabilities to make the Bank successful well into the future," said Bharat Masrani, Group President and Chief Executive Officer.

"We are pleased with our results this quarter," said Masrani. "All of our businesses are performing well and the operating environment remains favourable. While there are risks on the horizon, if these positive conditions persist, adjusted earnings growth for the full year may exceed our medium-term targets. Looking ahead, we remain focused on operational excellence and delivering legendary customer experiences to help those we serve feel confident about their financial future."

Join TD's Q1 earnings conference call on March 1. Please note the investor call is at 1:30 p.m. ET, available for replay at 6pm. The call and audio webcast will be available live via TD's website and is expected to last approximately 60 minutes.

Read our Quick Facts about TD.