TD Bank FY Conference Summary Company Overview - **Company**: TD Bank (NYSE: TD) - **Date of Conference**: March 24, 2026 Key Points Industry and Company Strategy - TD Bank has combined personal and commercial banking segments for simplicity in reporting, maintaining a focus on both business lines while providing discrete metrics for performance evaluation [6][7] - The bank aims to drive growth through a client-centric approach, emphasizing the importance of customer relationships and engagement [76][80] Financial Performance - The bank reported a sequential increase of one basis point in Net Interest Margin (NIM) quarter over quarter, indicating stability in performance [10] - Favorable tailwinds in deposit mix and pricing on the Real Estate Secured Lending (RESL) book are contributing to stable margins, with expectations for potential NIM expansion in the latter half of 2026 [12][15] Customer Acquisition and Product Strategy - TD Bank has seen record levels of customer acquisition, particularly in credit cards, with a focus on deepening relationships with existing customers [46][82] - The bank's HELOC FlexLine product has been reinvigorated with a specialized approach, enhancing customer experience and retention [35][39] Credit Quality and Risk Management - The bank has maintained strong credit performance, particularly in Ontario, where credit quality is slightly better than the national average [44] - Proactive monitoring of customer credit quality and early intervention strategies are in place to assist clients facing financial distress [42][78] Deposit Growth - TD Bank has experienced growth in deposits, with 69% of deposits in non-term accounts, which is higher than the industry average [70][72] - The bank's strategy includes consistent customer acquisition and engagement, leading to a stable deposit base [69][70] Economic Outlook - The bank acknowledges potential challenges in economic conditions, particularly regarding mortgage renewals, but emphasizes a consistent risk posture and support for clients during tough times [76][80] - The bank is optimistic about the back half of 2026, anticipating constructive growth despite potential economic headwinds [19][20] Conclusion - TD Bank is positioned well within the industry, demonstrating strong performance metrics, proactive customer engagement strategies, and a focus on maintaining credit quality amidst economic fluctuations [82]

Core Viewpoint - UniFirst Corporation is restructuring its reporting organization, transitioning from five segments to three reportable segments to better reflect current business management and performance assessment [1][2][3] Summary of Reporting Changes - The previous five segments included U.S. and Canadian Rental and Cleaning, Manufacturing, Corporate, First Aid, and Specialty Garments Rental and Cleaning. The new structure consolidates these into three segments: Uniform & Facility Service Solutions, First Aid & Safety Solutions, and Other [2][3][6] - The Uniform & Facility Service Solutions segment combines the former U.S. and Canadian Rental and Cleaning, Manufacturing, and Corporate segments, now also including cleanroom solutions [3][6] - The First Aid segment has been renamed to First Aid & Safety Solutions, reflecting a broader scope of services and products [4][6] - The Other segment now consists of nuclear solutions, previously part of Specialty Garments, focusing on specialty garments and non-garment items for nuclear applications [5][6] Financial Performance Metrics - Key performance measures for the segments will continue to be revenues and operating income, with adjusted EBITDA provided for additional insights [7] - Historical financial data for the new segments has been recast to assist investors in understanding the impact of these changes, covering seven quarters of metrics from fiscal 2024 to fiscal 2025 [8][9] Company Overview - UniFirst Corporation is a leader in North America for uniform and workwear programs, facility service products, and first aid and safety supplies, managing specialized garment programs for cleanroom and nuclear industries [10] - The company operates over 270 service locations and serves more than 300,000 customer locations, employing over 16,000 team members [10]