Toronto Dominion Bank's quarterly profit rises on higher interest income (updated)

Toronto-Dominion Bank

26/02/2026 11:41

Adds details throughout

Feb 26 (Reuters) - Toronto Dominion Bank TD.TO reported a rise in first-quarter profit on Thursday, helped by higher income from interest, as Canadian lenders continue to be resilient amid ongoing trade friction with the United States.

Canadian lenders grew cautious after U.S. President Donald Trump's tariffs rattled the North American trading corridor last year, but the country's biggest lenders have maintained stable interest margins, supported by a resilient economy.

Bank of Nova Scotia BNS.TO, which reported its first-quarter earnings on Tuesday, reported profit that beat analysts' estimates, supported by strong growth across segments, and said it would likely hit a key earnings target a year ahead of schedule.

TD Bank's net interest income - the difference between what banks make on loans and pay out on deposits - was C$8.79 billion  ($6.43 billion) in the reported quarter, compared with C$7.87 billion last year.

The bank reported adjusted net income of C$4.22 billion or C$2.44 per share, in the three months ended January 31, compared with C$3.62 billion, or C$2.02 per share, in the year-ago period.

($1 = 1.3677 Canadian dollars)

 (Reporting by Ateev Bhandari in Bengaluru; Editing by Vijay Kishore)

 ((Ateev.Bhandari@thomsonreuters.com;))