EX-99.4 11 ex994.htm EX-99.4
RETURN ON ASSETS, AND EQUITY TO ASSETS RATIOS
1,2
For the three months ended
For the year ended
October 31
July 31
April 30
January 31
October 31
October 31
October 31
2025
2025
2025
2025
2025
2024
2023
Return on Assets - reported
3,4
0.58
%
0.61
%
2.08
%
0.52
%
0.95
%
0.42
%
0.52
%
Return on Assets - adjusted
4,5
0.70
0.71
0.65
0.68
0.69
0.70
0.75
Equity to Asset Ratio
4,6
6.0
5.9
5.8
5.7
5.9
5.7
5.9
1
Calculated pursuant to the U.S. Securities and Exchange Commission Industry Guide 3.
2
The Bank prepares its consolidated financial statements in accordance with International Financial Reporting Standards
(IFRS), the current generally accepted accounting principles
(GAAP), and refers to results prepared in accordance with IFRS as the “reported” results. The Bank also utilizes
non-GAAP financial measures such as “adjusted” results (i.e. reported
results excluding “items of note”) and non-GAAP ratios to assess each of its businesses and measure overall Bank
performance. The Bank believes that non-GAAP financial measures
and non-GAAP ratios provide the reader with a better understanding of how management views the Bank’s
performance. Non-GAAP financial measures and ratios used in this
presentation are not defined terms under IFRS and, therefore, may not be comparable to similar terms used by other
issuers. Refer to the “Significant Events” or “Financial Results
Overview” section in the Bank’s 2025 MD&A (available at www.td.com/investor
and www.sedar.com),
which is incorporated by reference, for further explanation, reported basis results, a
list of the items of note, and a reconciliation of adjusted to reported results.
3
Calculated as reported net income available to common shareholders divided by average total assets.
4
For the year ended October 31, 2023, certain amounts in the calculation of these ratios have been restated for the
adoption of IFRS 17,
Insurance Contracts (IFRS 17).
5
Calculated as adjusted net income available to common shareholders divided by average total assets.
6
Calculated as average total equity divided by average total assets.