Announced financial performance for the three months ended January 31, 2024, with quarterly common shareholders' net income of $88 million, down 7% from the prior year, primarily due to an increase in the provision for credit losses as a percentage of average loans(1) to within our historical normal range. Net income was elevated in the prior year due to a large recovery recognized in the provision for credit losses. CWB Financial Group shares T.CWB are trading down $0.83 at $28.16.