The Toronto-Dominion Bank Q4 2025 Earnings Recap

TD Bank Group reported a robust fourth quarter with earnings of $3.9 billion, driven by strong performance in personal and commercial banking, alongside promising growth in fee and trading income.

Key Takeaways

• Earnings per share (EPS) increased to $2.18, with a year-over-year return on equity (ROE) up 110 basis points.
• Achieved 5% earnings growth for fiscal 2025, exceeding earlier expectations amidst economic uncertainty.
• Positive operating leverage reported, and expense growth moderated, aligning with medium-term targets of 3% to 4%.
• Announced a $0.03 dividend increase to $1.08 per share, demonstrating confidence in future growth.
• Strong capital position with a CET1 ratio of 14.7% and significant progress in share buyback plans, with over $6 billion repurchased to date.