First National Financial Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest and Dividend Income	1,844	1,748	1,476	1,014	857.38	906.61
Total Interest Expense	1,628	1,531	1,270	889.43	708.87	750
Net Interest Income	216.65	217.48	205.72	124.8	148.52	156.61
Mortgage Banking	288.85	209.34	248.31	268.64	303.69	333.7
Other Revenue	1.56	-1.83	44.82	88.77	30.79	-46.4
Revenue Before Loan Losses	767.18	683.11	751.4	698.99	694.59	618.89
Revenue	767.18	683.11	751.4	698.99	694.59	618.89
Revenue Growth (YoY)	20.01%	-9.09%	7.50%	0.63%	12.23%	21.41%
Salaries & Employee Benefits	242.76	229.65	200.49	192.99	177.04	143.5
Cost of Services Provided	155.52	95.51	139.2	173.29	201.79	159.02
Other Operating Expenses	86.61	81.31	67.81	63.63	51.95	57.64
Total Operating Expenses	484.88	406.46	407.5	429.91	430.77	360.16
Operating Income	282.3	276.65	343.91	269.08	263.82	258.73
Pretax Income	282.3	276.65	343.91	269.08	263.82	258.73
Income Tax Expense	74.37	73.26	91.1	71.35	69.26	68.5
Earnings From Continuing Ops.	207.93	203.39	252.81	197.73	194.56	190.23
Net Income	207.93	203.39	252.81	197.73	194.56	190.23
Preferred Dividends & Other Adjustments	3.52	3.9	3.86	3.04	2.7	2.85
Net Income to Common	204.41	199.49	248.95	194.69	191.87	187.38
Net Income Growth	12.63%	-19.55%	27.85%	1.63%	2.28%	7.34%
Shares Outstanding (Basic)	60	60	60	60	60	60
Shares Outstanding (Diluted)	60	60	60	60	60	60
EPS (Basic)	3.41	3.33	4.15	3.25	3.20	3.12
EPS (Diluted)	3.41	3.33	4.15	3.25	3.20	3.12
EPS Growth	13.15%	-19.87%	27.87%	1.47%	2.39%	7.60%
Free Cash Flow	463.66	-768.1	-109.71	496.78	-434.85	-250.65
Free Cash Flow Per Share	7.73	-12.81	-1.83	8.28	-7.25	-4.18
Dividend Per Share	2.496	2.458	2.410	2.360	2.270	1.970
Dividend Growth	1.98%	2.01%	2.12%	3.96%	15.23%	3.14%
Operating Margin	36.80%	40.50%	45.77%	38.50%	37.98%	41.81%
Profit Margin	26.65%	29.20%	33.13%	27.85%	27.62%	30.28%
Free Cash Flow Margin	60.44%	-112.44%	-14.60%	71.07%	-62.60%	-40.50%
Effective Tax Rate	26.34%	26.48%	26.49%	26.52%	26.25%	26.48%

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