The Bank of Nova Scotia (TSX: BNS)

The Bank of Nova Scotia Income Statement

Financials in millions CAD. Fiscal year is November - October.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jul 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Interest Income on Loans	47,664	45,043	29,390	23,159	26,977	29,116
Interest Income on Investments	13,779	11,781	4,168	1,827	2,735	3,668
Total Interest Income	61,443	56,824	33,558	24,986	29,712	32,784
Interest Paid on Deposits	39,506	35,650	12,794	6,465	10,731	13,871
Interest Paid on Borrowings	2,917	2,887	2,649	1,560	1,661	1,736
Total Interest Expense	42,423	38,537	15,443	8,025	12,392	15,607
Net Interest Income	19,020	18,287	18,115	16,961	17,320	17,177
Net Interest Income Growth (YoY)	4.40%	0.95%	6.80%	-2.07%	0.83%	6.09%
Trust Income	1,076	1,029	999	994	946	1,050
Income From Trading Activities	1,423	1,580	1,791	2,033	2,411	1,488
Gain (Loss) on Sale of Assets	367	367	-233	-9	307	-125
Gain (Loss) on Sale of Investments	23	129	74	419	607	351
Gain (Loss) on Sale of Equity Investments	175	153	268	339	242	650
Other Non-Interest Income	11,792	11,129	10,169	10,506	9,503	10,318
Total Non-Interest Income	14,856	14,387	13,068	14,282	14,016	13,732
Non-Interest Income Growth (YoY)	13.26%	10.09%	-8.50%	1.90%	2.07%	9.12%
Revenues Before Loan Losses	33,876	32,674	31,183	31,243	31,336	30,909
Provision for Loan Losses	4,277	3,422	1,382	1,808	6,084	3,027
Revenue	29,599	29,252	29,801	29,435	25,252	27,882
Revenue Growth (YoY)	3.35%	-1.84%	1.24%	16.57%	-9.43%	6.57%
Salaries and Employee Benefits	9,393	9,175	8,418	8,243	8,256	8,443
Occupancy Expenses	4,150	3,934	3,439	3,349	3,831	3,238
Selling, General & Administrative	2,751	2,717	2,601	2,373	2,009	2,472
Other Non-Interest Expense	4,009	3,672	2,411	2,644	2,760	2,459
Total Non-Interest Expense	20,303	19,498	16,869	16,609	16,856	16,612
EBT Excluding Unusual Items	9,296	9,754	12,932	12,826	8,396	11,270
Pretax Income	9,296	9,754	12,932	12,826	8,396	11,270
Income Tax Expense	1,661	2,226	2,758	2,871	1,543	2,472
Earnings From Continuing Operations	7,635	7,528	10,174	9,955	6,853	8,798
Minority Interest in Earnings	-124	-118	-258	-331	-75	-408
Net Income	7,511	7,410	9,916	9,624	6,778	8,390
Preferred Dividends & Other Adjustments	460	419	260	233	196	182
Net Income to Common	7,051	6,991	9,656	9,391	6,582	8,208
Net Income Growth	-6.93%	-25.27%	3.03%	41.99%	-19.21%	-1.85%
Basic Shares Outstanding	1,218	1,197	1,199	1,214	1,212	1,222
Diluted Shares Outstanding	1,224	1,204	1,208	1,225	1,243	1,251
Shares Change (YoY)	2.55%	-0.33%	-1.39%	-1.45%	-0.64%	1.79%
EPS (Basic)	5.79	5.84	8.05	7.74	5.43	6.72
EPS (Diluted)	5.71	5.78	8.02	7.70	5.30	6.67
EPS Growth	-9.96%	-28.00%	4.18%	45.30%	-20.59%	-2.08%
Dividend Per Share	4.240	4.180	4.060	3.600	3.600	3.490
Dividend Growth	2.17%	2.96%	12.78%	0%	3.15%	6.40%
Effective Tax Rate	17.87%	22.82%	21.33%	22.38%	18.38%	21.93%

Source: S&P Capital IQ. Banks template. Financial Sources.