Total revenue for the quarter grew 11.4% to C$5.75bn, compared to C$5.16bn for the same period a year ago.
US personal and commercial banking segment’s adjusted net income increased 9% to $358m for the quarter driven by volume growth.
Canadian personal and commercial banking segment posted a net income of C$808m, compared to C$733m for the same period last year.
Wholesale banking net income rose 5% in the quarter, while the wealth and insurance business reported a 16% gain in net income.
TD Bank president and CEO Ed Clark said that the bank’s adjusted quarterly earnings were up 14% over the same period last year, with its North American retail businesses driving that growth, with a new record in adjusted earnings.
"While we expect the second half of 2012 to remain challenging due to slowing loan growth, persistent low rates and regulatory headwinds, we’re still working to deliver adjusted EPS growth in the 7-10% range this year," Clark said.
