TD Bank Group Q1 Results Top Estimates

(RTTNews) - Toronto-Dominion Bank, doing business as TD Bank Group (TD, TD.TO), reported Thursday net income attributable to common shareholders for the first quarter of C$2.71 billion or C$1.55 per share, compared to net income of C$2.75 billion or C$1.55 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were C$2.02 per share, compared to C$2.00 per share in the year-ago quarter.

On average, 11 analysts polled expected the company to report earnings of C$1.98 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter rose to C$14.05 billion from C$13.71 billion in the same quarter last year. Analysts expected revenue of C$13.21 billion for the quarter.

The Toronto-Dominion Bank also declared dividend of C$1.05 per share for the quarter ending April 30, 2025, payable on and after April 30, 2025, to shareholders of record at the close of business on April 10, 2025.

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