First National Financial Corporation (TSX:FN)

First National Financial 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	1,748	1,476	1,014	857.38	906.61
Total Interest Expense	1,531	1,270	889.43	708.87	750
Net Interest Income	217.48	205.72	124.8	148.52	156.61
Mortgage Banking	209.34	248.31	268.64	303.69	333.7
Other Revenue	-1.83	44.82	88.77	30.79	-46.4
Revenue Before Loan Losses	683.11	751.4	698.99	694.59	618.89
Revenue	683.11	751.4	698.99	694.59	618.89
Revenue Growth (YoY)	-9.09%	7.50%	0.63%	12.23%	21.41%
Salaries & Employee Benefits	229.65	200.49	192.99	177.04	143.5
Cost of Services Provided	95.51	139.2	173.29	201.79	159.02
Other Operating Expenses	81.31	67.81	63.63	51.95	57.64
Total Operating Expenses	406.46	407.5	429.91	430.77	360.16
Operating Income	276.65	343.91	269.08	263.82	258.73
Pretax Income	276.65	343.91	269.08	263.82	258.73
Income Tax Expense	73.26	91.1	71.35	69.26	68.5
Earnings From Continuing Ops.	203.39	252.81	197.73	194.56	190.23
Net Income	203.39	252.81	197.73	194.56	190.23
Preferred Dividends & Other Adjustments	3.9	3.86	3.04	2.7	2.85
Net Income to Common	199.49	248.95	194.69	191.87	187.38
Net Income Growth	-19.55%	27.85%	1.63%	2.28%	7.34%
Shares Outstanding (Basic)	60	60	60	60	60
Shares Outstanding (Diluted)	60	60	60	60	60
EPS (Basic)	3.33	4.15	3.25	3.20	3.12
EPS (Diluted)	3.33	4.15	3.25	3.20	3.12
EPS Growth	-19.87%	27.87%	1.47%	2.39%	7.60%
Free Cash Flow	-768.1	-109.71	496.78	-434.85	-250.65
Free Cash Flow Per Share	-12.81	-1.83	8.28	-7.25	-4.18
Dividend Per Share	2.458	2.410	2.360	2.270	1.970
Dividend Growth	2.01%	2.12%	3.96%	15.23%	3.14%
Operating Margin	40.50%	45.77%	38.50%	37.98%	41.81%
Profit Margin	29.20%	33.13%	27.85%	27.62%	30.28%
Free Cash Flow Margin	-112.44%	-14.60%	71.07%	-62.60%	-40.50%
Effective Tax Rate	26.48%	26.49%	26.52%	26.25%	26.48%

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