* Q2 EPS C$0.68 vs EPS C$1.12 yr-ago
* Adjusted Q2 EPS C$1.23 vs EPS C$1.32 yr-ago
* Q2 credit loss provision C$656 mln
TORONTO, May 28 (Reuters) - Toronto-Dominion Bank (TD.TO) said on Thursday profit fell in the second quarter as it took restructuring and hedging charges.
Canada’s second-largest bank said it earned C$618 million ($553 million), or 68 Canadian cents a share, in the second quarter ended April 30, compared with C$852 million, or C$1.12 a share, a year earlier.
The results included charges on amortization of intangibles, losses on hedging, restructuring and shareholder litigation.
Excluding those items, TD said it had adjusted earnings of C$1.23 per share, down from C$1.32 per share a year earlier.
Analysts were expecting adjusted earnings of C$1.13 a share, according to Reuters Estimates.
“We’re feeling quite good about these results,” TD Chief Executive Ed Clark said in a statement. “All TD businesses are holding up very well under the weight of the recession in Canada and the United States.”
TD Bank said provisions for credit losses rose to C$656 million from C$232 million a year ago. Bad loans have been increasing at Canadian banks as the economy struggles and unemployment rises.
Shares of TD closed at C$50.28 Wednesday on the Toronto Stock Exchange.
Reporting by Andrea Hopkins, editing by Dave Zimmerman