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TD's reported third-quarter net income increased to C$4.615 billion, compared with C$3.336 billion in the same quarter last year.
Reported diluted EPS rose to C$2.74 from C$1.89, while adjusted diluted EPS increased to C$2.77 from C$2.20.
TD's Canadian Personal and Commercial Banking business delivered record quarterly revenue of C$5.517 billion and net income of C$2.095 billion.
TD reported net income of C$4.615 billion for the third quarter, compared with C$3.336 billion a year earlier.
That represents an increase of about 38% year over year.
Adjusted net income was C$4.671 billion, compared with C$3.871 billion in the third quarter of 2025.
The bank said its strong quarter was supported by record earnings in its Canadian businesses and Wholesale Banking, along with growing momentum in U.S. Banking.
TD's reported diluted earnings per share rose to C$2.74 from C$1.89 in the same quarter last year.
On an adjusted basis, diluted EPS reached C$2.77, compared with C$2.20 a year earlier.
Adjusted earnings per share therefore increased by 26% year over year.
For investors, EPS is an important measure because it shows how much of a company's profit is attributable to each outstanding share.
TD's Canadian Personal and Commercial Banking division was one of the major contributors to the quarter.
The business reported net income of C$2.095 billion, an increase of 7% compared with the third quarter of 2025.
Revenue reached C$5.517 billion, up 5% year over year.
TD said the business benefited from growth in deposits and loans as well as higher margins.
Average loan volumes increased by C$30 billion, or 5%, while average deposit volumes increased by C$12 billion, or 2%.
The bank described the quarter as a record one for its Canadian Personal and Commercial Banking business.
TD's U.S. Banking business reported net income of C$1.074 billion for the quarter.
Compared with the previous quarter, reported net income increased by C$261 million, or 32%.
TD attributed the quarterly improvement to additional days in the quarter, higher deposit and loan margins, lower provisions for credit losses and other factors.
The bank said U.S. Banking continued to show growing momentum during the quarter.
TD's Wholesale Banking business delivered one of the largest year-over-year increases.
Reported and adjusted net income reached C$743 million, up 87% from the third quarter of 2025.
Revenue increased 25% to C$2.581 billion.
TD said higher lending revenue, underwriting fees and trading-related revenue contributed to the increase.
The business also recorded lower provisions for credit losses compared with the same quarter last year.
TD's Wealth Management and Insurance business reported net income of C$841 million.
That was an increase of 20% compared with the third quarter of 2025.
Within the division, Wealth Management net income increased 25% to C$653 million, while Insurance net income rose 3% to C$188 million.
Revenue for the division reached C$4.085 billion, an 11% increase from a year earlier.
TD said the increase reflected higher fee-based revenue from asset growth and higher insurance earned premiums.
Across the bank, total loans net of allowance for loan losses reached C$991 billion at the end of the quarter.
Total deposits stood at approximately C$1.261 trillion.
TD's total assets reached about C$2.112 trillion as of July 31, 2026.
The figures show the scale of the bank's operations across Canada and the United States.
TD reported a Common Equity Tier 1 capital ratio of 14.3% at the end of the quarter.
The bank's Tier 1 capital ratio was 16.1%, while its total capital ratio stood at 17.9%.
These measures are closely watched by investors because they provide an indication of a bank's capital strength and ability to absorb financial losses.
TD's financial information also shows a third-quarter dividend of C$1.12 per common share.
The dividend was declared on August 27, 2026.
The bank's published dividend schedule lists October 9 as the ex-dividend date and October 31 as the scheduled payment date, subject to the applicable conditions.
For income-focused investors, the dividend remains an important part of TD's shareholder-return story.
The latest results show that TD entered the second half of 2026 with strong earnings momentum.
The biggest gains came from several different parts of the business rather than a single division.
Canadian Personal and Commercial Banking produced record revenue, Wholesale Banking posted a significant increase in profit, and U.S. Banking continued to improve.
TD also highlighted continued investment in artificial intelligence, innovation and front-line employees.
However, strong quarterly earnings do not automatically mean the stock will rise.
Share prices can move based on investor expectations, future earnings guidance, interest rates, economic conditions and broader market sentiment.
Investors will likely focus on whether TD can maintain the earnings momentum seen in the third quarter.
The Canadian banking environment remains sensitive to interest rates, consumer borrowing, credit losses, and economic growth.
TD's U.S. operations will also remain important because of the bank's significant presence in the American market.
The bank's ability to grow loans and deposits while controlling expenses and credit losses will be important in future quarters.
TD's third-quarter results give investors a straightforward reason to pay attention to Canada's banking sector.
Reported profit rose sharply to C$4.615 billion, while adjusted earnings reached C$4.671 billion.
The strongest areas included Canadian Personal and Commercial Banking and Wholesale Banking, while U.S. Banking also showed stronger quarterly performance.
For ordinary investors, the important takeaway is not simply that TD made more money.
The bigger story is that earnings growth was spread across several major parts of the business, while the bank continued to maintain a strong capital position and pay a C$1.12 quarterly dividend.
The next question for investors will be whether TD can sustain this performance through the remainder of fiscal 2026.
TD reported C$4.615 billion in third-quarter net income, up from C$3.336 billion a year earlier. Reported diluted EPS increased to C$2.74, while adjusted net income reached C$4.671 billion. Canadian Personal and Commercial Banking delivered record revenue of C$5.517 billion.
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TD Bank reported C$4.615 billion in net income for the third quarter ended July 31, 2026, compared with C$3.336 billion a year earlier.
Reported diluted EPS increased to C$2.74 from C$1.89. Adjusted diluted EPS increased to C$2.77 from C$2.20.
TD's Canadian Personal and Commercial Banking business delivered record quarterly revenue of C$5.517 billion and net income of C$2.095 billion, while Wholesale Banking net income increased 87% year over year to C$743 million.
TD's published dividend schedule shows a C$1.12 per-share third-quarter dividend, declared August 27, 2026. The scheduled payment date is October 31, 2026.
Not necessarily. Strong earnings can support investor sentiment, but TD's share price can also be affected by expectations, interest rates, economic conditions, future earnings and broader stock-market movements. The earnings report itself does not guarantee a future stock-price increase.
