TD Bank reported lower fourth-quarter profits of $3.3 billion on Thursday, saying it expects to incur more restructuring expenses going forward.

The bank announced in the second quarter that it was cutting two per cent of its workforce as it aimed to reduce costs and refocus spending under new leadership.

Now, TD said the restructuring program will involve an approximate three per cent staff reduction, according to Thursday’s earnings release.

“The bank continued to undertake certain measures in the fourth quarter of 2025 to reduce its cost base and achieve greater efficiency,” the release stated.

“Next quarter, the bank expects to incur additional restructuring charges of approximately $125 million pre-tax, and to conclude the restructuring program with total restructuring charges o

See Full Page