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TD Bank Q3 Profit Rises - Quick Facts

(RTTNews) - The Toronto-Dominion Bank (TD, TD.TO) said its third-quarter reported net income grew to C$1.18 billion from C$912 million a year earlier.

Net income available to common shareholders amounted to C$1.13 billion versus C$863 million last year.

Reported earnings per share were C$1.29 versus C$1.01 in the previous year.

Adjusted net income available to common shareholders remained almost unchanged at C$1.25 billion.

On an adjusted basis, net income for the third quarter remained almost flat at C$1.30 billion. Adjusted earnings per share were C$1.43 compared with C$1.47 in the prior year period.

Total revenue for the latest quarter increased to C$4.74 billion from C$4.67 billion in the comparable period.

While the company continues to benefit from its leadership position in branch hours and the ongoing investment in its network, it expects earnings growth to moderate going forward into 2011.