The Toronto-Dominion Bank TD, also known as TD Bank, announced its fiscal second-quarter 2016 (ended Apr 30) results on Thursday, before the opening bell. Adjusted earnings of C$1.20 per share were up 5% year over year. Also, adjusted net income rose 5% year over year to C$2.28 billion ($1.72 billion).Improvement in revenues was partly offset by higher operating expenses and provisions. Growth in assets was impressive, while profitability ratios showed weakness.After considering certain non-recurring items, net income was C$2.05 billion ($1.54 billion), up 10% year over year.Quarterly DetailsTotal revenue (on an adjusted basis) amounted to C$8.32 billion ($6.27 billion), up 7% on a year-over-year basis. The rise was attributable to growth in net interest income as well as non-interest income.Adjusted net interest income rose 7% year over year to C$4.88 billion ($3.68 billion). Further, adjusted non-interest income came in at C$3.44 billion ($2.59 billion), up 9% year over year.Adjusted non-interest expenses increased 7% year over year to C$4.56 billion ($3.44 billion). Adjusted efficiency ratio was 54.8% at quarter end, on par with the Apr 30, 2015 level.Total provision for credit losses surged 56% year over year to C$584 million ($440 million).Total assets grew 9% year over year to C$1.12 trillion ($0.89 trillion) as of Apr 30, 2016. Return on common equity, as adjusted, came in at 14.0% for the reported quarter, down from 15.0% as of Apr 30, 2015.Dividend AnnouncementConcurrent with the results, TD Bank announced a quarterly dividend of 55 cents. The dividend will be paid on or after Jul 31 to shareholders of record at the close of business on Jul 8.Our ViewpointTD Bank’s efforts are aligned with its organic and inorganic growth strategies, which will likely boost revenues going forward. Also, the company is focused on improving its productivity, adapting and innovating initiatives and investments.However, mounting expenses and a stringent regulatory environment continue to strain the company’s profitability. Moreover, volatile energy markets and a weaker Canadian dollar may further aggravate the situation.TD Bank currently holds a Zacks Rank #2 (Buy).Performance of Other Foreign BanksRoyal Bank of Canada RY reported second-quarter fiscal 2016 (ended Apr 30) net income of C$2.6 billion ($1.96 billion), up 3% from the prior-year quarter.Canadian Imperial Bank of Commerce CM reported fiscal second-quarter 2016 (ended Apr 30) adjusted earnings per share of C$2.40, up 5% year over year.HDFC Bank Ltd. HDB reported fourth-quarter fiscal 2016 (ended Mar 31) net profit of INR33.74 billion ($0.50 billion), up 20.2% year over year.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HDFC BANK LTD (HDB): Free Stock Analysis Report TORONTO DOM BNK (TD): Free Stock Analysis Report CDN IMPL BK (CM): Free Stock Analysis Report ROYAL BANK CDA (RY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research