The Toronto-Dominion Bank (NYSE:TD) Canadian Bank CEO Conference January 9, 2023 10:50 AM ET
Company Participants
Bharat Masrani - President & CEO
Conference Call Participants
Darko Mihelic - Managing Director, Canadian Financial Services
Darko Mihelic
Hi, Bharat. Good to see you. Thanks for coming.
Bharat Masrani
Good to see you. Sorry. I have a bad cold, but i don't have COVID. So you don’t -- got tested. So you're okay with that.
Darko Mihelic
It's okay. I had COVID over the holidays.
Bharat Masrani
You did?
Darko Mihelic
I did. I've had it twice now, surprisingly.
Bharat Masrani
Twice.
Darko Mihelic
Yeah, I've had twice now in my life.
Bharat Masrani
Wow, that's something. Hopefully, not twice. How are you doing?
Darko Mihelic
I'm doing well. Thank you for joining us today.
Bharat Masrani
Great to be here though as usual.
Question-and-Answer Session
Q - Darko Mihelic
So before we begin, I'm just going to remind everybody that Bharat's comments today may include forward-looking statements. Actual results could differ materially from forecasts, projections or conclusions in these statements. Listeners can find additional details in the public filings of TD Bank Group.
So with that out of the way, the topic of the day has been capital with the changes in the DSB regime and in your situation, we have the closing of a couple of acquisitions coming up. So maybe we can talk about how that might impact your capital position and whether or not you see the need for raising equity here or maybe potentially if the DSB is raised later on this summer?
Bharat Masrani
I think, I'm trying to remember the exact number, but we closed off a year at what 16.2%, 16.2% Tier 1 capital and I think when we talked about post acquisitions, we said, we expect to be comfortably above
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