
TD bank quarterly earnings


TD sees flat mortgage growth in Q1, but says proprietary channels driving future potential
TD Bank reported flat growth in its residential mortgage portfolio for Q1 2025, attributing part of the weakness to seasonality.

TD Bank sees mortgage volumes rise 7% in Q2, gains market share
Despite a slow real estate market and high interest rates, TD Bank reported a 7% increase in real estate secured lending (RESL) in the second quarter.

TD saw a drop in negatively amortizing mortgages in the fourth quarter
TD Bank said “positive payment actions” taken by its mortgage clients have reduced the number of mortgages that currently have a negative amortization.

TD reports strong mortgage volumes and stabilizing amortizations
Despite a sharp slowdown in mortgage originations this year, TD reported continued strong volume growth of 4% in the second quarter.

TD mortgage growth flat in Q1
While some of the Big 6 banks have reported continued strong mortgage growth in the first quarter, TD Bank’s mortgage book was basically flat compared to Q4 and up just 4% year-over-year.

One quarter of TD mortgages now have an amortization of 35+ years
Over a quarter of TD Bank’s residential mortgage portfolio now has an effective amortization of 35 years or longer.