MCAN Mortgage Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Interest Income	95.84	96.4	111.8	83.7	91.41
Net Interest Income Growth	-0.58%	-13.77%	33.57%	-8.43%	42.10%
Non-Interest Income	49.31	43.79	25.48	31.04	27.59
Non-Interest Income Growth	12.61%	71.89%	-17.93%	12.53%	-22.77%
Revenues Before Loan Losses	147.26	133.85	137.27	114.75	119
Provision for Credit Losses	13.46	3.26	4.49	-1.06	0.48
Revenue	133.8	130.59	132.78	115.81	118.52
Revenue Growth (YoY)	2.46%	-1.65%	14.65%	-2.29%	20.97%
Compensation Expenses	27.35	27.76	22.82	19.61	18.36
Selling, General & Admin	31.83	26.28	10.76	9.03	9.08
Total Non-Interest Expense	59.18	54.04	33.57	28.64	27.45
Pretax Income	74.62	76.55	78.23	55.07	63.97
Provision for Income Taxes	0.25	1.03	-0.73	0.49	0.4
Net Income	74.87	77.59	77.5	55.35	64.36
Net Income to Common	74.87	77.59	77.5	55.35	64.36
Net Income Growth	-3.50%	0.11%	40.00%	-14.00%	50.05%
Shares Outstanding (Basic)	40	38	35	31	27
Shares Outstanding (Diluted)	40	38	35	31	27
Shares Change (YoY)	5.15%	7.92%	11.55%	16.80%	3.85%
EPS (Basic)	1.89	2.06	2.22	1.77	2.40
EPS (Diluted)	1.89	2.06	2.22	1.77	2.40
EPS Growth	-8.25%	-7.21%	25.42%	-26.25%	44.17%
Free Cash Flow	6.64	48.97	-60.26	27.99	-113.73
Free Cash Flow Growth	-86.45%	-	-	-	-
Free Cash Flow Per Share	0.17	1.30	-1.73	0.90	-4.25
Dividends Per Share	1.640	1.560	1.480	1.440	1.360
Dividend Growth	5.13%	5.41%	2.78%	5.88%	-
Profit Margin	55.96%	59.41%	58.37%	47.80%	54.30%
FCF Margin	4.96%	37.50%	-45.39%	24.16%	-95.95%
EBITDA	13.32	11.13	9.77	8.46	5.23
EBITDA Margin	9.96%	8.52%	7.36%	7.31%	4.41%
Effective Tax Rate	0.33%	1.35%	-0.93%	0.89%	0.62%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.