TD Bank Reports Record Credit Card Acquisitions and Deposit Growth in Q1 2026

AI Summary

Toronto-Dominion Bank reported its highest-ever credit card acquisitions in a quarter, leading the industry in personal deposit and credit card growth. Approximately 69% of new deposits were non-term, reflecting a favorable shift in customer preferences. The Canadian Personal Banking net interest margin (NIM) is stable, up 1 basis point sequentially. Management anticipates potential NIM expansion in the latter half of the year driven by favorable origination margins and deposit-mix trends, dependent on competitive and macroeconomic factors.