TD Bank Group’s second quarter net income reached $3.351 billion this year, or $1.72 per diluted share, compared to $3.811 billion or $2.07 per diluted share at the same date in fiscal year 2022 .
Adjusted net income, however, increased over the same period, from $3.714 billion to $3.752 billion. Adjusted diluted earnings per share decreased from $2.02 to $1.94.
As for total operating revenue, it increased between the quarter ending in April 2022 and the one ending last month, from $11.263 billion to $12.366 billion.
The provision for credit losses fell from $27 million at April 30, 2022 to $599 million last month.
During the same period, net income for TD Bank Group’s Canadian Personal and Commercial Banking segment increased 4% to $1.625 million. The rise was measured at 3% for the US Retail sector, to C$1.412 billion.
TD Bank Group also announced Thursday a dividend of $0.96 per fully paid common share of the Bank’s capital stock for the quarter ending July 31, which will be payable as of that date.