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TD Bank USA, National Association

Wilmington, DE · Cert 33947 · Toronto-Dominion Bank the

National charter · OCC · 1 affiliate bank · 1 branch (1,051 in holding)

Q2 2026

$32.1BAssets
$8.7BLoans
$27.2BDeposits
$3.8BEquity
Loan mix
1%RE $0.1B0%C&I $0.0B99%Consumer $8.6BQ2 2025Q2 2026
Deposit mix
100%Interest-bearing $27.1B0%Noninterest $0.0BQ2 2025Q2 2026

NIM

11.05%Q2 ’249.79%Q2 ’259.34%Q2 ’26-6%+0%

Non-interest income vs. expense

4.16%Q2 ’244.01%Q2 ’253.99%Q2 ’26-6%+24%

Market Position · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD · 2026 SOD (annual) · 4.0% share · #6 of 88 inst. · $27.2B of $685.1B

Executive Summary

  • Earnings: ROA of 0.71%, down 38 bps year over year; NIM at 6.10%.
  • Asset quality: problem loans at 2.08% of loans (-33 bps YoY), with net charge-offs at 5.40%.
  • Capital: tier 1 leverage ratio of 11.56%, down 128 bps from a year ago.
  • Funding: loans stand at 32.06% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.71%-38 bps YoY

Net Interest Margin (quarter, annualized)

6.10%+2 bps YoY

Efficiency Ratio (quarter, annualized)

63.80%+652 bps YoY

Tier 1 Leverage Ratio

11.56%-128 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.09%1.39%0.87%0.12%0.71%-38 bps
Return on Equity8.56%10.85%7.24%1.07%6.06%-250 bps
Net Interest Margin6.09%6.14%6.10%6.22%6.10%+2 bps
Efficiency Ratio57.28%59.00%59.30%78.58%63.80%+652 bps
Non-Interest Burden3.09%3.17%3.13%5.17%3.84%+75 bps
Growth
Asset Growth (YoY)2.42%0.23%-2.48%-5.81%-6.90%-932 bps
Loan Growth (YoY)-2.84%-2.69%-3.34%-2.50%-1.95%+90 bps
Deposit Growth (YoY)2.47%3.06%-1.14%-2.34%-2.82%-529 bps
Asset Quality
Nonperforming Loans / Loans2.41%2.33%2.13%2.19%2.08%-33 bps
Net Charge-Offs / Loans5.39%5.99%5.02%5.59%5.40%+1 bps
Allowance / Loans10.33%10.01%9.28%9.91%9.90%-43 bps
Allowance Coverage of NPLs4.3x4.3x4.4x4.5x4.8x+0.5x
Capital
Tier 1 Leverage Ratio12.85%12.93%11.04%11.33%11.56%-128 bps
Total Risk-Based Capital35.23%35.58%29.93%31.81%32.53%-271 bps
Equity / Assets12.64%12.99%11.16%11.51%11.93%-70 bps
Liquidity & Funding
Loans / Deposits31.77%31.26%33.74%31.60%32.06%+29 bps
Liquid Assets / Assets13.32%13.26%14.21%17.26%13.14%-18 bps
CRE / Total Capitaln/a3.33%3.91%2.83%n/an/a