UPDATE 1-TD Bank quarterly earnings beat market expectations

(Adds net income)

TORONTO, March 1 (Reuters) - Toronto-Dominion Bank on Thursday reported first-quarter results which were ahead of market expectations, helped by a strong performance in the United States and Canada.

Canada's second biggest bank by market value said earnings per share, excluding one-off items, rose to C$1.56 in the quarter to Jan. 31 from C$1.33 a year earlier.

Analysts had on average forecast earnings of C$1.46, Thomson Reuters I/B/E/S data showed.

TD's performance means that all of Canada's 'big five' banks have reported first-quarter earnings that beat market expectations, brushing aside worries about Canada's housing markets and stalling talks to renegotiate the North American Free Trade Agreement.

The bank reported net income, excluding one-off items of C$2.9 billion ($2.3 billion), up 15 percent which it said reflected growth across all its businesses. ($1 = 1.2849 Canadian dollars) (Reporting by Matt Scuffham; editing by Jason Neely and Jane Merriman)