Canadian Western Bank (TSX:CWB)

Canadian Western Bank Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Interest Income on Loans	2,488	2,282	1,523	1,297	1,336
Interest Income on Investments	161.87	83.85	38.88	21.06	32.91
Total Interest Income	2,650	2,365	1,562	1,318	1,369
Interest Paid on Deposits	1,456	1,261	546.14	360.66	499.14
Interest Paid on Borrowings	151.94	123.16	75.79	64.99	70.36
Total Interest Expense	1,608	1,384	621.93	425.65	569.5
Net Interest Income	1,042	981.28	939.98	892.36	799.41
Net Interest Income Growth (YoY)	6.19%	4.39%	5.34%	11.63%	1.76%
Trust Income	75.74	71.93	71.92	68.48	41.94
Gain (Loss) on Sale of Investments	3.61	-0.05	-0.07	2.98	9.43
Other Non-Interest Income	62.54	59.42	64.46	52.21	46.61
Total Non-Interest Income	141.9	131.3	136.31	123.67	97.98
Non-Interest Income Growth (YoY)	8.07%	-3.68%	10.22%	26.21%	28.89%
Revenues Before Loan Losses	1,184	1,113	1,076	1,016	897.4
Provision for Loan Losses	136.09	26.64	46	27.06	92.17
Revenue	1,048	1,086	1,030	988.98	805.23
Revenue Growth (YoY)	-3.51%	5.40%	4.18%	22.82%	0.17%
Salaries and Employee Benefits	341.71	355.01	332.42	309.06	268.86
Occupancy Expenses	126.55	109.81	99.92	85.57	70.56
Selling, General & Administrative	50.67	39.02	34.91	36.8	31.52
Other Non-Interest Expense	118.28	88.34	95.7	73.72	61.94
Total Non-Interest Expense	644.54	593.54	564.6	506.96	434.2
EBT Excluding Unusual Items	403.25	492.4	465.69	482.02	371.02
Asset Writedown	-	-	-16.56	-	-
Pretax Income	400.72	474.65	448.51	480.26	368.58
Income Tax Expense	104.27	124	111.62	123.01	97.03
Earnings From Continuing Operations	296.45	350.65	336.9	357.25	271.55
Minority Interest in Earnings	-	-	-	-0.29	-0.97
Net Income	296.45	350.65	336.9	356.96	270.58
Preferred Dividends & Other Adjustments	28.57	26.33	26.59	29.49	21.63
Net Income to Common	267.88	324.32	310.3	327.47	248.96
Net Income Growth	-15.46%	4.08%	-5.62%	31.92%	-5.65%
Basic Shares Outstanding	97	96	91	88	87
Diluted Shares Outstanding	97	96	91	88	87
Shares Change (YoY)	1.03%	5.00%	4.15%	0.75%	-0.62%
EPS (Basic)	2.77	3.38	3.39	3.74	2.86
EPS (Diluted)	2.76	3.38	3.39	3.73	2.86
EPS Growth	-18.26%	-0.40%	-9.12%	30.59%	-6.04%
Dividend Per Share	1.380	1.300	1.220	1.160	1.150
Dividend Growth	6.15%	6.56%	5.17%	0.87%	6.48%
Effective Tax Rate	26.02%	26.12%	24.89%	25.61%	26.33%

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