Canandaigua National Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	221	195.1	148.92	130.39	118.38
Interest Income on Investments	27.04	24.65	18.52	8.54	6.85
Total Interest Income	248.04	219.75	167.44	138.92	125.23
Interest Paid on Deposits	77.59	52.83	12.71	4.64	8.85
Interest Paid on Borrowings	33.39	33.45	10.61	6.89	8.34
Total Interest Expense	110.98	86.28	23.33	11.53	17.19
Net Interest Income	137.06	133.47	144.11	127.4	108.04
Net Interest Income Growth (YoY)	2.69%	-7.38%	13.12%	17.91%	7.59%
Trust Income	28.18	25.63	25.77	25.36	21.96
Gain (Loss) on Sale of Assets	-	-	-	-	8.07
Gain (Loss) on Sale of Investments	-0.07	0.11	-1.02	-0.3	0.16
Other Non-Interest Income	4.84	4.86	4.12	4.86	5.5
Total Non-Interest Income	54.22	50.85	50.73	56.35	59.74
Non-Interest Income Growth (YoY)	6.64%	0.22%	-9.96%	-5.68%	16.04%
Revenues Before Loan Losses	191.28	184.32	194.84	183.74	167.78
Provision for Loan Losses	9.34	7.69	5.2	7.42	13.59
Revenue	181.94	176.62	189.65	176.33	154.19
Revenue Growth (YoY)	3.01%	-6.87%	7.56%	14.36%	6.30%
Salaries and Employee Benefits	72.86	71.08	66.38	60.57	55.8
Occupancy Expenses	6.96	6.94	6.93	6.27	6.23
Federal Deposit Insurance	3.79	3.66	3	2.29	1.69
Amortization of Goodwill & Intangibles	-	-	-	-	0.17
Selling, General & Administrative	31.56	24.78	40.81	40.82	28.47
Other Non-Interest Expense	9.46	11.36	8.86	7.54	6.67
Total Non-Interest Expense	124.66	117.84	126	117.58	99.09
EBT Excluding Unusual Items	57.28	58.78	63.65	58.75	55.1
Pretax Income	57.28	58.78	63.65	58.75	55.1
Income Tax Expense	12.67	14.05	15.79	14	12.83
Earnings From Continuing Operations	44.61	44.74	47.86	44.75	42.27
Minority Interest in Earnings	-0.01	-0.01	-0.01	-0.01	-0.01
Net Income	44.6	44.73	47.85	44.74	42.27
Net Income to Common	44.6	44.73	47.85	44.74	42.27
Net Income Growth	-0.29%	-6.53%	6.95%	5.87%	7.88%
Basic Shares Outstanding	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2
Shares Change (YoY)	-1.28%	-0.66%	0.16%	-0.08%	-0.12%
EPS (Basic)	24.15	23.99	25.51	23.90	22.57
EPS (Diluted)	24.12	23.88	25.38	23.77	22.43
EPS Growth	1.00%	-5.91%	6.77%	5.97%	7.99%
Dividend Per Share	9.200	9.000	8.700	7.600	7.000
Dividend Growth	2.22%	3.45%	14.47%	8.57%	22.81%
Effective Tax Rate	22.12%	23.89%	24.80%	23.83%	23.28%

Updated Mar 8, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.