Resilience through turbulence
ATB wraps up a fiscal year full of client solutions and community initiatives alongside record financial results
By ATB Financial 26 May 2022 4 min read
At ATB Financial, we’ve ended an unprecedented fiscal year with record financial results, while supporting Albertans through turbulent times and providing sustainable growth for Alberta’s economy.
For the fiscal year ending March 31, 2022, ATB Financial achieved $1.9 billion in total revenue (a 7.1% increase from last year), recorded its highest-ever net income of $586.4 million and invested in Alberta’s growth with $22.8 billion in new and renewed loans.
In ATB’s 2022 Annual Public Report, ATB's President and CEO Curtis Stange reflects on the results of this fiscal year and the sense of positive momentum he’s feeling in the province.
“Being ready for tomorrow requires curiosity, adaptability, and expertise,” said ATB Financial President and CEO Curtis Stange. “We know that more volatility and uncertainty are on the horizon but we choose to look at this as a time of incredible possibility and opportunity. Built to help Albertans, ATB Financial is well-positioned to lead through disruption, spark economic growth and drive meaningful change for our clients, and for Alberta."
Though success is measured by more than numbers, the results in our 2022 Annual Public Report can help us examine the work we are doing for Albertans, refine our offerings and look to the future for new opportunities.
You can read the full Annual Public Report here, or view a recording of the Annual Public Meeting here. Additionally, below are a few highlights from the past year that demonstrate the impact of what we do for the economy and our communities:
The 2022 Fiscal Year Highlights (See annual report for full list)
Built to help Albertans:
- Helped distribute nearly $1.7 billion (total to date) through the Canada Emergency Business Account (CEBA), the Highly Affected Sectors Credit Availability Program (HASCAP), the Business Credit Availability Program (BCAP) and the Business Development Bank of Canada Mid-Market Financing Program (BDC) to help support Albertans amidst COVID-19.
- ATB Wealth saw a $1.3 billion increase in its Assets Under Administration (a 5.3% increase from last year)—helping to boost other income while continuing to provide strong wealth management services to clients.
- Continued to improve the digital experience by migrating nearly 360 thousand personal banking clients to ATB’s new personal banking platform and more than 55 thousand business clients to the new business banking platform.
- ATB gained a net increase of 10,200 retail and small business clients (up 1.3% from last year).
- We installed over 160 new automated banking machines (ABMs) this year, helping our clients access self-serve options.
- We funded $3.4 billion in new mortgages (over the full fiscal year), with the month of June shattering a seven-year record for mortgage applications.
- ATB Investment Management Inc., a subsidiary of ATB Financial, won a Refinitiv Lipper award for best mixed asset group for 2021; and in Q1, ATB Wealth business set a new record, with the highest gross assets gathered in the first quarter in nearly 20 years.
Positioning ATB Financial for the future:
- We joined Canada’s Sustainability Finance Action Council and Task Force for the newly formed International Sustainability Standards Board and announced a new Chief Legal and Sustainability Officer to lead the development of ATB’s ESG strategy.
- Capital Markets continued to expand its capabilities by introducing ESG into investment research and by adding a new Head of Investment Banking; And in Q2 (September), it completed the largest debt capital markets deal in ATB history.
- ATB Ventures introduced Humans of 2030+, a digital tool to help anticipate client needs and support them in their unique financial journey.
- ATB Ventures advanced its digital identity product suite with the launch of Proof.
- Great Place to Work® Canada named ATB Financial as one of 2022’s Best Workplaces for Hybrid Work, one of Canada’s Great Places to Work for Mental Wellness, and one of the Best Workplaces in Canada. Additionally, President and CEO Curtis Stange was listed as one of the Top 50 Financial Technology CEOs of 2022.
In business for the Greater Good:
- In partnership with a third party partner, ATB Financial released a first-of-its-kind Indigenous Economic Report, with a third party contributor, which is helping advance the conversation of the critical role Indigenous communities play in Alberta.
- We raised $4.8 million for charities through ATB Cares and $596 thousand through team member fundraising and giving efforts in support of organizations that are uplifting the well-being of Alberta communities.
- ATB Financial and its team members donated nearly $150 thousand to the Canadian Red Cross Ukraine Humanitarian Crisis Appeal.
Continued Support For Ukraine
In an effort to continue supporting those impacted by the war, we will continue matching donations by 20%, up to $30 thousand each month. Donate directly to the Canadian Red Cross Ukraine Humanitarian Crisis Appeal and have your donation matched here.
About ATB Financial
With $57.1 billion in assets, ATB Financial is an Alberta-built financial institution that is a catalyst for economic growth in our province. We got started in 1938 to help Albertans through tough economic times. Today, ATB Financial’s 5,000 team members love to deliver exceptional experiences to 810,000 clients through our many branches and agencies, our 24-hour Client Care Centre, four entrepreneur centres, and our digital banking options.