Canandaigua National Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	236.39	221	195.1	148.92	130.39
Interest Income on Investments	33.7	27.04	24.65	18.52	8.54
Total Interest Income	270.09	248.04	219.75	167.44	138.92
Interest Paid on Deposits	83.89	77.59	52.83	12.71	4.64
Interest Paid on Borrowings	22.66	33.39	33.45	10.61	6.89
Total Interest Expense	106.55	110.98	86.28	23.33	11.53
Net Interest Income	163.54	137.06	133.47	144.11	127.4
Net Interest Income Growth (YoY)	19.32%	2.69%	-7.38%	13.12%	17.91%
Trust Income	29.5	28.18	25.63	25.77	25.36
Gain (Loss) on Sale of Investments	0.24	-0.07	0.11	-1.02	-0.3
Other Non-Interest Income	4.64	4.84	4.86	4.12	4.86
Total Non-Interest Income	56.6	54.22	50.85	50.73	56.35
Non-Interest Income Growth (YoY)	4.38%	6.64%	0.22%	-9.96%	-5.68%
Revenues Before Loan Losses	220.14	191.28	184.32	194.84	183.74
Provision for Loan Losses	9.16	9.34	7.69	5.2	7.42
Revenue	210.98	181.94	176.62	189.65	176.33
Revenue Growth (YoY)	15.96%	3.01%	-6.87%	7.56%	14.36%
Salaries and Employee Benefits	75.83	72.86	71.08	66.38	60.57
Occupancy Expenses	7.15	6.96	6.94	6.93	6.27
Federal Deposit Insurance	3.7	3.79	3.66	3	2.29
Selling, General & Administrative	37.62	31.56	24.78	40.81	40.82
Other Non-Interest Expense	9.72	9.46	11.36	8.86	7.54
Total Non-Interest Expense	134.25	124.66	117.84	126	117.58
EBT Excluding Unusual Items	76.74	57.28	58.78	63.65	58.75
Pretax Income	76.74	57.28	58.78	63.65	58.75
Income Tax Expense	18.13	12.67	14.05	15.79	14
Earnings From Continuing Operations	58.6	44.61	44.74	47.86	44.75
Minority Interest in Earnings	-0.01	-0.01	-0.01	-0.01	-0.01
Net Income	58.6	44.6	44.73	47.85	44.74
Net Income to Common	58.6	44.6	44.73	47.85	44.74
Net Income Growth	31.37%	-0.29%	-6.53%	6.95%	5.87%
Basic Shares Outstanding	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2
Shares Change (YoY)	-1.26%	-1.28%	-0.66%	0.16%	-0.08%
EPS (Basic)	32.09	24.15	23.99	25.51	23.90
EPS (Diluted)	32.09	24.12	23.88	25.38	23.77
EPS Growth	33.04%	1.00%	-5.91%	6.77%	5.97%
Dividend Per Share	10.100	9.200	9.000	8.700	7.600
Dividend Growth	9.78%	2.22%	3.45%	14.47%	8.57%
Effective Tax Rate	23.63%	22.12%	23.89%	24.80%	23.83%

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