Canadian Western Bank (TSX: CWB)

Canadian Western Bank 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	2,481	2,282	1,523	1,297	1,336	1,380
Interest Income on Investments	147.05	83.85	38.88	21.06	32.91	38.97
Total Interest Income	2,628	2,365	1,562	1,318	1,369	1,419
Interest Paid on Deposits	1,455	1,261	546.14	360.66	499.14	573.48
Interest Paid on Borrowings	144.13	123.16	75.79	64.99	70.36	59.64
Total Interest Expense	1,599	1,384	621.93	425.65	569.5	633.12
Net Interest Income	1,029	981.28	939.98	892.36	799.41	785.58
Net Interest Income Growth (YoY)	6.62%	4.39%	5.34%	11.63%	1.76%	8.36%
Trust Income	74.77	71.93	71.92	68.48	41.94	27.29
Gain (Loss) on Sale of Investments	-0	-0.05	-0.07	2.98	9.43	0.3
Other Non-Interest Income	62.37	59.42	64.46	52.21	46.61	48.43
Total Non-Interest Income	137.13	131.3	136.31	123.67	97.98	76.02
Non-Interest Income Growth (YoY)	1.22%	-3.68%	10.22%	26.21%	28.89%	2.26%
Revenues Before Loan Losses	1,166	1,113	1,076	1,016	897.4	861.6
Provision for Loan Losses	105.94	26.64	46	27.06	92.17	57.76
Revenue	1,060	1,086	1,030	988.98	805.23	803.85
Revenue Growth (YoY)	-1.07%	5.40%	4.18%	22.82%	0.17%	7.03%
Salaries and Employee Benefits	349.87	355.01	332.42	309.06	268.86	245.02
Occupancy Expenses	122.29	109.81	99.92	85.57	70.56	48.06
Selling, General & Administrative	38.85	39.02	34.91	36.8	31.52	47.95
Other Non-Interest Expense	112.72	88.34	95.7	73.72	61.94	63.27
Total Non-Interest Expense	625.09	593.54	564.6	506.96	434.2	405.48
EBT Excluding Unusual Items	435.12	492.4	465.69	482.02	371.02	398.37
Asset Writedown	-	-	-16.56	-	-	-
Other Unusual Items	-	-	-	-	-	-7.85
Pretax Income	417.37	474.65	448.51	480.26	368.58	390.51
Income Tax Expense	107.42	124	111.62	123.01	97.03	102.67
Earnings From Continuing Operations	309.95	350.65	336.9	357.25	271.55	287.85
Minority Interest in Earnings	-	-	-	-0.29	-0.97	-1.05
Net Income	309.95	350.65	336.9	356.96	270.58	286.79
Preferred Dividends & Other Adjustments	27.42	26.33	26.59	29.49	21.63	19.85
Net Income to Common	282.53	324.32	310.3	327.47	248.96	266.94
Net Income Growth	-9.26%	4.08%	-5.62%	31.92%	-5.65%	8.84%
Basic Shares Outstanding	96	96	91	88	87	88
Diluted Shares Outstanding	97	96	91	88	87	88
Shares Change (YoY)	1.43%	5.00%	4.15%	0.75%	-0.62%	-1.73%
EPS (Basic)	2.93	3.38	3.39	3.74	2.86	3.05
EPS (Diluted)	2.93	3.38	3.39	3.73	2.86	3.04
EPS Growth	-11.40%	-0.40%	-9.12%	30.59%	-6.04%	8.96%
Dividend Per Share	1.360	1.300	1.220	1.160	1.150	1.080
Dividend Growth	6.25%	6.56%	5.17%	0.87%	6.48%	8.00%
Effective Tax Rate	25.74%	26.12%	24.89%	25.61%	26.33%	26.29%

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