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The Top 6 Canadian Banks: Selected Indicators of Q1 2014 Results
| Date post: | 11-Sep-2014 |
| Category: |
Economy & Finance |
| View: | 754 times |
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The Top 6 Canadian Banks: Selected Indicators of Q1 2014 Results
Growth in Q1 2014 for Canada's Top 6 Banks
The top 6 Canadian banks reported Q1 2014 collective net income of almost $ 8.5 billion, or an increase of 11.2 % vs. the year before.
While 5 of the 6 top Canadian banks improved their net income vs. Q1 2013, CIBC increased its reported net income by an impressive 50%.
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Key Performance Indicators
Among the key performance indicators for the top 6 banks are:
• Total Revenue
• Net Income
• ROE (Return on Equity)
• EPS (Earnings per Share)
The following charts show how each bank performed in a universe of top 6 bank results.(Sources: Reported Top 6 Banks’ Q1 2014 results)
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Top 6 Banks – Q1 2014 % Share of Top 6 Revenue
• TD and CIBC showed the greatest improvement in total revenue for Q1 2014 VYA, with RBC retaining the highest share of top 6 total revenue.
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Total Revenue $MM - Q1 2014 $MM - Q1 2013 % Change VYA Total Revenue % Share of Top 6
RBC 8,454.0 7,858.0 7.6 RBC 27%
TD 7,565.0 6,567.0 15.2 TD 25%
Scotia 5,725.0 5,245.0 9.2 Scotia 19%
BMO 4,122.0 4,032.0 2.2 BMO 13%
CIBC 3,634.0 3,165.0 14.8 CIBC 12%
National Bank 1,364.0 1,232.0 10.7 National Bank 4%
30,864.0 28,099.0 9.8 100.0%
RBC
TD
Scotia
BMO
CIBC
National Bank
27%
25%
19%
13%
12%
4%
Q1 2014 % Share of Top 6 Bank Revenue
TD
CIBC
National Bank
Scotia
RBC
BMO
15.2
14.8
10.7
9.2
7.6
2.2
Total Revenue - Q1 2014 % Change vs.Year ago
Top 6 Banks – Q1 2014 % Share of Top 6 Net Income
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Reported Net Income $ - Q1 2014 $ - Q1 2013 % Change VYA Reported Net Income % Share of Top 6
RBC 2,092.0 2,047.0 2.2 RBC 25
TD 2,042.0 1,784.0 14.5 TD 24
Scotia 1,709.0 1,605.0 6.5 Scotia 20
BMO 1,061.0 1,036.0 2.4 BMO 13
CIBC 1,177.0 785.0 49.9 CIBC 14
National Bank 405.0 373.0 8.6 National Bank -58,486.0 7,630.0 11.2
• While RBC retained its leading share of top 6 net income (albeit by a slim margin ahead of TD, which grew net income by 14.5%), CIBC grew its net income by almost 50% vs. Q1 2013 – a notable achievement.
25 24
20
13 14
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RBC TD Scotia BMO CIBC NationalBank
Q1 2014 Reported Net Income -% Share of Total Top 6
2.2
14.5
6.52.4
49.9
8.6
RBC TD Scotia BMO CIBC NationalBank
Q1 2014 Reported Net Income: % Change VYA
Top 6 Banks – Q1 2014 Return on Equity (ROE)
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Reported ROE - % % - Q1 2014 % - Q1 2013 % Change VYA ROE - % Index-RBC = 100
RBC 18.1 20.0 -9.5 RBC 100
TD 16.4 15.6 5.1 TD 91
Scotia 15.4 16.8 -8.3 Scotia 85
BMO 14.2 14.9 -4.7 BMO 78
CIBC 27.5 20.5 34.1 CIBC 152
National Bank 19.8 20.7 -4.3 National Bank 109
• Only CIBC and TD showed an improvement in ROE for Q1 2014 vs. Q1 2013, with CIBC achieving a notable 34% improvement VYA.
100
91
85
78
152
109
RBC
TD
Scotia
BMO
CIBC
NationalBank
Q1 2014 Top 6 Banks - Q1 ROE Index (RBC = 100)
-9.5
5.1
-8.3
-4.7
34.1
-4.3
RBC
TD
Scotia
BMO
CIBC
National Bank
Q1 2014 ROE- % Change VYA
Top 6 Banks Q1 2014 Earnings Per Share (EPS)
• Preventing a clean sweep by RBC, National Bank led in Earnings per Share (EPS)
• Both CIBC and RBC however posted significant improvements vs. Q3 2011
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Reported EPS (diluted) $ - Q1 2014 $ - Q1 2013 % Change VYA EPS Index-RBC = 100
RBC 1.38 1.34 3.0 RBC 100
TD 1.07 0.93 15.1 TD 78
Scotia 1.32 1.24 6.5 Scotia 96
BMO 1.58 1.51 4.6 BMO 114
CIBC 2.88 1.88 53.2 CIBC 209
National Bank 1.15 1.05 9.5 National Bank 83
• While all of the top 6 banks showed an improvement in Earnings Per Share for Q1 2014 vs. Q1 2013, CIBC grew EPS by 53% In Q1 2014 VYA, followed by TD with a 15% improvement
100
209
11496
83 78
RBC CIBC BMO Scotia NationalBank
TD
Q1 2014 Reported EPS (diluted)(Index - RBC = 100)
3
53.2
15.19.5
6.5 4.6
RBC CIBC TD NationalBank
Scotia BMO
Q1 2014 Reported EPS - % Change VYA
