For the quarter period ended on 31 January 2013, its total revenues stood at $5.97bn, compared to $5.64bn during the comparable period last fiscal.
Canadian Personal and Commercial Banking division’s net income on an adjusted basis stood at $944m, with an increase of 11% from the comparable period a year ago.
The results were boosted by good loan and deposit volume growth, favorable credit performance and effective expense management.
Wealth and Insurance segment net income was $377m, up 8% from the same period last year.
The Wealth business grew by 15%, driven by higher fee-based revenue from increased client assets; while the Insurance business rose by 10%, driven by lower weather-related claims and increased revenue from premiums.
TD Ameritrade contributed $47m in earnings to the segment, down 15% from the same period last year.
US Personal and Commercial Banking division reported net income of $316m, while on an adjusted basis, net income stood at $387 million, up 12% from the same period last year.
Wholesale Banking registered net income of $159m, down by 18% from the same period last year, mainly due to reduced trading-related revenue from fixed income businesses, partially offset by improved credit origination fees.
TD’s Common Equity Tier 1 ratio on a Basel III "all-in" basis stood at 8.8% at the end of first quarter of 2013.
