The Toronto-Dominion Bank (NYSE:TD) Q4 2023 Earnings Call Transcript

Kelvin Tran: Yes. So I’d say it’s Kelvin here. Largely speaking, it’s a combination of a bunch of factors, like, as deposit composition mix changes from lower beta to higher beta deposit, then you actually see less sensitivity. And then also, as we look at tractoring maturities, we may find at the margin in locking forward tractors, and that may have an impact as well.

Darko Mihelic: Okay, thank you. So to confirm, nothing’s really changed, it’s just sort of a structural change with respect to the balance sheet. That’s helpful. Thank you, Kelvin.

Operator: Thank you. There are no further questions registered at this time. I’d like to turn the call back over to you, Mr. Masrani.

Bharat Masrani: Thanks very much, operator, and thanks everyone, for joining us today. I would like to take this opportunity to thank my colleagues around the world for the wonderful work they do for all of our stakeholders, including our shareholders. And given the time of the year, I’d like to wish them happy holidays and to you all on the phone as well, happy holidays and all the best, and see you next year. Thank you.

Operator: Thank you. The conference has now ended. Please disconnect your lines at this time. And we thank you for your participation.