(TORONTO) TD Bank said Wednesday that its stake in Charles Schwab is expected to result in net income of about $182 million in its third quarter results.

The Canadian bank explained that this amount included acquisition-related costs of approximately $16 million after tax and amortization of intangible assets of approximately $30 million after tax.

Excluding these charges, TD calculates that the adjusted net income share of its Schwab stake would be approximately $228 million for the third quarter.

Schwab posted second-quarter net profit of US$1.3 billion on Tuesday, which compared with net profit of US$1.8 billion in the same quarter a year earlier.

The US financial services firm’s adjusted profit for the quarter ended June 30 was US$1.5 billion, compared to US$2 billion in the same quarter last year.

TD will release its third quarter financial results on August 24.