TD beats expectations, reports $2.53B net income
Bank also reports $9.12B in Q1 revenue, up from $8.61B
TD Bank had $2.53 billion of net income during the first quarter, up from $2.22 billion a year ago, according to results released Thursday morning.
The earnings amounted to $1.32 per diluted share, compared with $1.17 per diluted share during the first quarter of last year.
After adjustments the bank had $1.33 of earnings per diluted share — better than the $1.27 that analyst estimates, according to data compiled by Thomson Reuters.
Adjusted net income was $2.56 billion during the quarter, compared with $2.25 billion a year earlier.
TD also reported $9.12 billion of revenue during the quarter, up from $8.61 billion a year ago.
The bank says its quarterly dividend will rise by five cents to 60 cents per share, payable on May 1.