Toronto-Dominion Bank (TSX:TD) reported better-than-expected financial results for its third quarter 2025, boosted by its Canadian personal and commercial banking division.
The financial institution announced adjusted earnings per share for the quarter of C$2.20, surpassing the analyst consensus estimate of C$2.05, according to data provided by LSEG Data & Analytics.
TD also recorded C$15.3 billion in revenue for the period, up from C$14.2 billion in the same quarter last year.
The bank set aside C$971 million during the period for potential loan losses, which was less than the C$1.26 billion analyst consensus forecast.
Results were also boosted by its Wealth Management and Insurance division, which saw its net income for the quarter climb 63% to C$703 million.
TD added that it expects to generate C$100 million of savings this fiscal year and annual savings of C$550 million to C$650 million in future years.
US-listed shares of TD fell nearly 4% to $73.20 in early Thursday trading.