The top six Canadian banks achieved impressive growth in fiscal year 2017, with combined net income growth of 15% over fiscal year 2016. RBC maintained its leading position in total revenue and net income, followed by TD and Scotiabank. CIBC and National Bank led in return on equity, while CIBC significantly led in earnings per share, followed by BMO and RBC. National Bank showed the greatest year-over-year improvements across key metrics such as net income growth at 61% and earnings per share growth at 63.5%.

2. Contents
Overview 3.
Key Performance Indicators 4.
Total Revenue 5.
Net Income 6.
Return on Equity 7.
Earnings Per Share 8.
Summation 9.
2

3. Canada's Top 6 Banks – Another banner year, with
National Bank showing significant improvement
• The top 6 Canadian banks once again delivered impressive
growth in FY 2017, posting a combined % growth in net
income of about 15% vs. FY 2016
• RBC maintained its historical position as the leader in total
revenue and net income, followed by TD and Scotiabank
• CIBC and National Bank led in FY 2017 Return on Equity (ROE)
• CIBC led by far in the Earnings per Share EPS for the top six
banks, followed by BMO and RBC
3
* Sources:

4. 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’ FY 2017
results*)
4
* The banks’ fiscal year is Nov 1- Oct 31

5. Top 6 Banks – FY 2017 % Share of Top 6 Revenue
• RBC maintained its historical position of leading in total revenue, followed by TD and Scotiabank
• BMO showed the greatest % increase in total revenue vs. FY 2016
5
RBC
TD
SCOTIA
BMO
CIBC
NATIONAL BANK
27%
24%
18%
15%
11%
4%
FY 2017 % Share of Top 6 Bank Revenue
BMO
RBC
SCOTIA
CIBC
TD
NATIONAL BANK
13.2
8.3
5.6
5.3
4.8
3.1
Top 6 Cdn Banks Total Revenue -
FY 2017 % Change vs. Year ago
Total Revenue $MM - FY 2017 $MM - FY 2016 % Change VYA Total Revenue % Share of Top 6
RBC 40,669.0 38,795.0 4.8 RBC 27%
TD 36,149.0 34,315.0 5.3 TD 24%
Scotia 27,155.0 26,350.0 3.1 Scotia 18%
BMO 22,260.0 21,087.0 5.6 BMO 15%
CIBC 16,280.0 15,035.0 8.3 CIBC 11%
National Bank 6,609.0 5,840.0 13.2 National Bank 4%
149,122.0 141,422.0 5.4 100.0%

6. Top 6 Banks – FY 2017 % Share of Top 6 Net Income
6
• Once again, RBC led in share of total net income of the top 6 banks, followed by TD and Scotiabank
• The smallest of the big 6 banks also showed the greatest % increase – National Bank’s net income increased
61% over FY 2016
27
25
19
13
11
5
RBC TD Scotia BMO CIBC National
Bank
FY 2017 Reported Net Income -
% Share of Total Top 6 Cdn Banks
61.1
17.7
15.5
11.9 9.8 9.7
National
Bank
TD BMO Scotia CIBC RBC
Top 6 Cdn Banks FY 2017
Reported Net Income: % Change VYA
Reported Net Income $ - FY 2017 $ - FY 2016 % Change VYA Reported Net Income % Share of Top 6
RBC 11,469.0 10,458.0 9.7 RBC 27
TD 10,517.0 8,936.0 17.7 TD 25
Scotia 8,243.0 7,368.0 11.9 Scotia 19
BMO 5,350.0 4,631.0 15.5 BMO 13
CIBC 4,718.0 4,295.0 9.8 CIBC 11
National Bank 2,024.0 1,256.0 61.1 National Bank 5
42,321.0 36,944.0 14.6

7. Top 6 Banks – FY 2017 Return on Equity (ROE)
7
• CIBC and National Bank led in ROE for FY 2017
• National Bank showed the greatest increase in ROE vs. FY 2016, while CIBC declined 8% VYA
108 106
100
88 86
78
CIBC National
Bank
RBC TD Scotia BMO
Top 6 Cdn Banks FY 2017 ROE
(Index - RBC = 100)
-8.0
4.3
5.8
9.9
12.0
54.7
CIBC
RBC
Scotia
BMO
TD
National Bank
Top 6 Cdn Banks FY 2017 ROE -
% Change VYA
CIBC
Reported ROE - % % - FY 2017 % - FY 2016 % Change VYA ROE - % Index-RBC = 100
RBC 17.0 16.3 4.3 RBC 100
TD 14.9 13.3 12.0 TD 88
Scotia 14.6 13.8 5.8 Scotia 86
BMO 13.3 12.1 9.9 BMO 78
CIBC 18.3 19.9 -8.0 CIBC 108
National Bank 18.1 11.7 54.7 National Bank 106

8. Top 6 Banks - FY 2017 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
8
• CIBC led by far in the EPS for the top six banks, followed by BMO and RBC
• National Bank, however, showed the greatest % increase in EPS VYA, though this didn’t affect its last-
place ranking among the big 6 banks
149
105 100
86
73 71
CIBC BMO RBC Scotia TD National
Bank
Top 6 Canadian Banks - FY 2017 EPS
(INDEX - RBC = 100)
63.5
17.8
14.5 12.5 11.5
5.0
National
Bank
TD BMO Scotia RBC CIBC
Top 6 Cdn Banks - FY 2017
EPS % Change VYA
Reported EPS (diluted) $ -FY 2017 $ - FY 2016 % Change VYA EPS Index-RBC = 100
RBC 7.56 6.78 11.5 RBC 100
TD 5.50 4.67 17.8 TD 73
Scotia 6.49 5.77 12.5 Scotia 86
BMO 7.92 6.92 14.5 BMO 105
CIBC 11.24 10.70 5.0 CIBC 149
National Bank 5.38 3.29 63.5 National Bank 71

10. Deepak Pershad, Principal
dpershad@insightsbydesign.ca
www.insightsbydesign.ca
• Marketing analysis
• Business writing
• Content development