MCAN Mortgage 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	2015 - 2019
Period Ending	Mar '25 Mar 31, 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	2015 - 2019
Interest and Dividend Income	261.3	258.8	209.39	134.23	100.97	86.22	Upgrade
Total Interest Expense	168.07	164.41	117.45	72.22	52.2	48.59	Upgrade
Net Interest Income	93.23	94.39	91.95	62.01	48.76	37.63	Upgrade
Mortgage Banking	3.73	3.53	2.42	2.71	1.81	1.77	Upgrade
Gain (Loss) on Sale of Investments	6.19	5.12	9.82	1.27	24.42	-0.72	Upgrade
Other Revenue	29.1	30.82	24.24	27.27	25.68	34.51	Upgrade
Revenue Before Loan Losses	132.25	133.85	128.43	93.27	100.67	73.19	Upgrade
Provision for Loan Losses	6.98	3.26	4.49	-1.07	0.46	2.1	Upgrade
Revenue	125.28	130.59	123.94	94.33	100.21	71.09	Upgrade
Revenue Growth (YoY)	-16.99%	5.37%	31.38%	-5.86%	40.95%	-5.63%	Upgrade
Salaries & Employee Benefits	28.88	27.76	22.82	19.61	18.36	15.05	Upgrade
Cost of Services Provided	27.51	26.13	22.8	19.45	17.75	13.4	Upgrade
Other Operating Expenses	-1.04	0.15	0.1	0.21	0.13	-	Upgrade
Total Operating Expenses	55.36	54.04	45.71	39.27	36.24	28.44	Upgrade
Operating Income	69.92	76.55	78.23	55.07	63.97	42.65	Upgrade
EBT Excluding Unusual Items	69.92	76.55	78.23	55.07	63.97	42.65	Upgrade
Pretax Income	69.92	76.55	78.23	55.07	63.97	42.65	Upgrade
Income Tax Expense	-1.04	-1.03	0.73	-0.29	-0.4	-0.24	Upgrade
Net Income	70.96	77.59	77.5	55.35	64.36	42.89	Upgrade
Net Income to Common	70.96	77.59	77.5	55.35	64.36	42.89	Upgrade
Net Income Growth	-8.37%	0.11%	40.00%	-14.00%	50.05%	-11.18%	Upgrade
Shares Outstanding (Basic)	38	38	35	31	27	25	Upgrade
Shares Outstanding (Diluted)	38	38	35	31	27	25	Upgrade
Shares Change (YoY)	9.20%	7.92%	11.55%	16.80%	9.17%	1.83%	Upgrade
EPS (Basic)	1.85	2.06	2.22	1.77	2.40	1.75	Upgrade
EPS (Diluted)	1.85	2.06	2.22	1.77	2.40	1.75	Upgrade
EPS Growth	-16.09%	-7.23%	25.51%	-26.36%	37.44%	-12.78%	Upgrade
Free Cash Flow	-38.32	48.97	-60.26	27.99	-113.73	58.81	Upgrade
Free Cash Flow Per Share	-1.00	1.30	-1.73	0.90	-4.25	2.40	Upgrade
Dividend Per Share	1.580	1.560	1.480	1.440	1.360	1.360	Upgrade
Dividend Growth	4.64%	5.41%	2.78%	5.88%	-	6.25%	Upgrade
Operating Margin	55.81%	58.62%	63.12%	58.37%	63.83%	59.99%	Upgrade
Profit Margin	56.64%	59.41%	62.53%	58.68%	64.23%	60.33%	Upgrade
Free Cash Flow Margin	-30.59%	37.50%	-48.63%	29.67%	-113.50%	82.72%	Upgrade
Effective Tax Rate	-	-	0.93%	-	-	-	Upgrade

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.