Some 2020 highlights across our balanced scorecard

$7.82

diluted earnings per share (EPS), down from $8.75 in 2019

14.2%

return on equity (ROE), down from 16.8% in 2019

$4.2 billion

remainder of our profit available to reinvest in future growth

$4.29

dividends declared per share, increased by $0.22 since 2019

63%

of profits returned to our shareholders through dividends(1) and repurchases

12.5%

common equity tier 1 (CET1) ratio, up from 12.1% in 2019

86 average percentile ranking

on priority ESG indices(2)

(1) Includes dividends paid on both common and preferred shares. Dividends were $6.1 billion on common shares and $0.3 billion on preferred shares
(2) Average percentile ranking compiled from our four top-tier ESG ratings/rankings, including Sustainalytics, MSCI ESG Rating, FTSE4Good and RobecoSAM’s Corporate Sustainability Assessment (informing the DJSI)

Earnings

net income (C$ billion)

ANNUALIZED DIVIDEND INCREASE OF:

5%

One year

8%

Ten year(3)

Earnings by business segment(4)

 

Financial performance metrics

MEDIUM-TERM OBJECTIVES(5)
3-YEAR(6)
5-YEAR(6)
Diluted EPS growth of 7%+
1%
3%
ROE of 16%+
16.2%
16.4%
Strong capital ratio (CET 1)(7)
12%
11.6%
Dividend payout ratio of 40%–50%
49%
48%

Total shareholder return(8)

 
3-YEAR
5-YEAR
RBC
1%
9%
Global peer average
(6)%
3%

(3) Compound Annual Growth Rate
(4) Excludes Corporate Support
(5) A medium-term (3-5 year) objective is considered to be achieved when the performance goal is met in either a 3- or 5-year period. These objectives assume a normal business environment and our ability to achieve them in a period may be adversely affected by extraordinary developments such as the COVID-19 pandemic and the current low interest rate environment
(6) Diluted EPS growth is calculated using a Compound Annual Growth Rate. ROE, CET1 and dividend payout ratio are calculated using an average
(7) For further details on the CET1 ratio, refer to the Capital Management section
(8) In fiscal 2020, Power Financial Corporation was removed from the global peer group. The 3- and 5-year annualized TSR are calculated based on our common share price appreciation as per the TSX closing market price plus reinvested dividends for the period October 31, 2017 to October 31, 2020 and October 31, 2015 to October 31, 2020