The Toronto-Dominion Bank (TD) Q1 2023 Earnings Call Transcript

The Toronto-Dominion Bank (NYSE:TD) Q1 2023 Earnings Conference Call March 2, 2023 1:30 PM ET

Company Participants

Brooke Hales - Investor Relations

Bharat Masrani - Chief Executive Officer

Kelvin Tran - Chief Financial Officer

Ajai Bambawale - Chief Risk Officer

Michael Rhodes - Group Head, Canadian Personal Banking

Paul Douglas - Group Head, Canadian Business Banking

Raymond Chun - Group Head, Wealth Management and Insurance

Leo Salom - President and CEO, TD Bank, America’s Most Convenient Bank

Riaz Ahmed - Group Head, Wholesale Banking

Conference Call Participants

Meny Grauman - Scotiabank

Doug Young - Desjardins Bank Capital Markets

Gabriel Dechaine - National Bank Financial

Ebrahim Poonawala - Bank of America

Scott Chan - Canaccord Genuity

Paul Holden - CIBC

Sohrab Movahedi - BMO

Mike Rizvanovic - KBW

Lemar Persaud - Cormark Securities

Joo Ho Kim - Credit Suisse

Nigel D'Souza - Veritas Investment Research

Darko Mihelic - RBC Capital Markets

Operator

Please standby, your meeting is about to begin. Good afternoon, everyone. Welcome to the TD Bank Group Q1 2023 Earnings Conference Call.

I would like -- now like to turn the meeting over to Ms. Brooke Hales. Please go ahead, Ms. Hales.

Brooke Hales

Thank you, Operator. Good afternoon. And welcome to TD Bank Group’s first quarter 2023 investor presentation. Many of us are joining today’s meeting from lands across North America. North America is known as Turtle Island by many indigenous communities.

I am currently situated in Toronto. As such, I would like to begin today’s meeting by acknowledging that I am on the traditional territory of many nations, including the Mississaugas of the Credit, the Anishnabeg, the Chippewa, the Haudenosaunee, and the Wendat Peoples, and is now home to many diverse First Nations, Métis, and Inuit Peoples. We also acknowledge that Toronto is covered by Treaty 13 signed with the Mississaugas of the Credit and the Williams Treaties signed with multiple Mississaugas and Chippewa bands.

We will begin today’s presentation with remarks from Bharat Masrani, the Bank’s CEO. After which Kelvin Tran, the Bank’s CFO, will present our first quarter operating results. Ajai Bambawale, Chief Risk Officer, will then offer comments on credit quality. After which we will invite questions from pre-qualified analysts and investors on the phone.

Also present today to answer your questions are Michael Rhodes, Group Head, Canadian Personal Banking; Paul Douglas, Group Head, Canadian Business Banking; Raymond Chun, Group Head, Wealth Management and Insurance; Leo Salom, President and CEO, TD Bank, America’s Most Convenient Bank; and Riaz Ahmed, Group Head, Wholesale Banking.