Toronto-Dominion Bank said Thursday it earned $2.96 billion in its fourth quarter (Q4 2018), up from $2.71 billion in the same quarter a year ago.
The bank says the profit amounted to $1.58 per diluted share for the three months ended Oct. 31, up from $1.42 per diluted share a year ago.
Revenue totalled $10.12 billion, up from $9.27 billion in Q4 2017.
Provisions for credit losses for the quarter totalled $670 million, up from $578 million a year ago.
On an adjusted basis, TD says it earned $1.63 per share for the quarter, up from an adjusted profit of $1.36 per share a year ago.
Thomson Reuters Eikon says analysts on average had expected a profit of $1.62 per share.
“I am extremely pleased with our earnings performance in the fourth quarter, which capped a very strong year,” Bharat Masrani, TD Bank Group president and chief executive, said in a statement.
“2018 represented a year of tremendous progress as we advanced key strategic priorities and continued to innovate to strengthen our competitive advantage.”