TORONTO — TD Bank Group reported a third-quarter profit of $3.34 billion, compared with a loss of $181 million in the same quarter last year.
The bank says the profit amounted to $1.89 per diluted share for the quarter ending July 31, compared with a loss of 14 cents per diluted share a year earlier.
On an adjusted basis, TD says it earned $2.20 per diluted share for its third quarter, up from an adjusted profit of $2.05 per diluted share a year ago.
Analysts on average had expected an adjusted profit of $2.05 per share, according to LSEG Data & Analytics.
Revenue for the quarter totalled $15.3 billion, up from $14.2 billion in the same quarter last year.
The bank's provisions for credit loss totalled $971 million, down from $1.07 billion last year.
"Our teams delivered another quarter of strong performance, driven by robust client activity and disciplined execution, underscoring the strength of our diversified business model," said TD Bank Group president and CEO Raymond Chun.
"We are well positioned to build on this momentum as we compete, grow and build our bank for the future."
The bank's Canadian personal and commercial banking segment reported a net income of $1.95 billion in the third quarter, up four per cent from a year earlier.
Wealth Management and Insurance reported a net income of $703 million, up 63 per cent from last year.
Its wholesale banking profit was $398 million, up 26 per cent from last year.
This report by The Canadian Press was first published Aug. 28, 2025.
Companies in this story: (TSX:TD)
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