MCAN Mortgage Corporation (MAMTF)

MCAN Mortgage Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	258.8	209.39	134.23	100.97	86.22
Total Interest Expense	164.41	117.45	72.22	52.2	48.59
Net Interest Income	94.39	91.95	62.01	48.76	37.63
Mortgage Banking	3.53	2.42	2.71	1.81	1.77
Gain (Loss) on Sale of Investments	5.12	9.82	1.27	24.42	-0.72
Other Revenue	30.82	24.24	27.27	25.68	34.51
Revenue Before Loan Losses	133.85	128.43	93.27	100.67	73.19
Provision for Loan Losses	3.26	4.49	-1.07	0.46	2.1
Revenue	130.59	123.94	94.33	100.21	71.09
Revenue Growth (YoY)	5.37%	31.38%	-5.86%	40.95%	-5.63%
Salaries & Employee Benefits	27.76	22.82	19.61	18.36	15.05
Cost of Services Provided	26.13	22.8	19.45	17.75	13.4
Other Operating Expenses	0.15	0.1	0.21	0.13	-
Total Operating Expenses	54.04	45.71	39.27	36.24	28.44
Operating Income	76.55	78.23	55.07	63.97	42.65
EBT Excluding Unusual Items	76.55	78.23	55.07	63.97	42.65
Pretax Income	76.55	78.23	55.07	63.97	42.65
Income Tax Expense	-1.03	0.73	-0.29	-0.4	-0.24
Net Income	77.59	77.5	55.35	64.36	42.89
Net Income to Common	77.59	77.5	55.35	64.36	42.89
Net Income Growth	0.11%	40.00%	-14.00%	50.05%	-11.18%
Shares Outstanding (Basic)	38	35	31	27	25
Shares Outstanding (Diluted)	38	35	31	27	25
Shares Change (YoY)	7.92%	11.55%	16.80%	9.17%	1.83%
EPS (Basic)	2.06	2.22	1.77	2.40	1.75
EPS (Diluted)	2.06	2.22	1.77	2.40	1.75
EPS Growth	-7.23%	25.51%	-26.36%	37.44%	-12.78%
Free Cash Flow	48.97	-60.26	27.99	-113.73	58.81
Free Cash Flow Per Share	1.30	-1.73	0.90	-4.25	2.40
Dividend Per Share	1.560	1.480	1.440	1.360	1.360
Dividend Growth	5.41%	2.78%	5.88%	-	6.25%
Operating Margin	58.62%	63.12%	58.37%	63.83%	59.99%
Profit Margin	59.41%	62.53%	58.68%	64.23%	60.33%
Free Cash Flow Margin	37.50%	-48.63%	29.67%	-113.50%	82.72%
Effective Tax Rate	-	0.93%	-	-	-

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.