MCAN Mortgage Corporation (TSX: MKP)

MCAN Mortgage Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	251.84	209.39	134.23	100.97	86.22	77.97
Total Interest Expense	157.54	117.45	72.22	52.2	48.59	45.3
Net Interest Income	94.3	91.95	62.01	48.76	37.63	32.67
Mortgage Banking	3.38	2.42	2.71	1.81	1.77	2
Gain (Loss) on Sale of Investments	18.61	9.82	1.27	24.42	-0.72	23.64
Other Revenue	28.43	24.24	27.27	25.68	34.51	16.55
Revenue Before Loan Losses	144.72	128.43	93.27	100.67	73.19	74.86
Provision for Loan Losses	4.21	4.49	-1.07	0.46	2.1	-0.47
Revenue	140.51	123.94	94.33	100.21	71.09	75.33
Revenue Growth (YoY)	12.20%	31.38%	-5.86%	40.95%	-5.62%	22.93%
Salaries & Employee Benefits	24.29	22.82	19.61	18.36	15.05	13.91
Cost of Services Provided	24.53	22.8	19.45	17.75	13.4	13.32
Other Operating Expenses	0.15	0.1	0.21	0.13	-	0.36
Total Operating Expenses	48.97	45.71	39.27	36.24	28.44	27.59
Operating Income	91.54	78.23	55.07	63.97	42.65	47.74
EBT Excluding Unusual Items	91.54	78.23	55.07	63.97	42.65	47.74
Pretax Income	91.54	78.23	55.07	63.97	42.65	47.74
Income Tax Expense	1.83	0.73	-0.29	-0.4	-0.24	-0.55
Net Income	89.72	77.5	55.35	64.36	42.89	48.29
Net Income to Common	89.72	77.5	55.35	64.36	42.89	48.29
Net Income Growth	9.77%	40.00%	-14.00%	50.05%	-11.18%	33.07%
Shares Outstanding (Basic)	37	35	31	27	25	24
Shares Outstanding (Diluted)	37	35	31	27	25	24
Shares Change (YoY)	7.64%	11.55%	16.80%	9.17%	1.83%	1.96%
EPS (Basic)	2.44	2.22	1.77	2.40	1.75	2.01
EPS (Diluted)	2.44	2.22	1.77	2.40	1.75	2.01
EPS Growth	1.98%	25.51%	-26.36%	37.44%	-12.78%	30.51%
Free Cash Flow	107.96	-60.26	27.99	-113.73	58.81	-32.34
Free Cash Flow Per Share	2.94	-1.73	0.90	-4.25	2.40	-1.34
Dividend Per Share	1.550	1.480	1.440	1.360	1.360	1.280
Dividend Growth	6.16%	2.78%	5.88%	0%	6.25%	-10.49%
Operating Margin	65.15%	63.12%	58.37%	63.83%	59.99%	63.38%
Profit Margin	63.85%	62.53%	58.68%	64.23%	60.33%	64.11%
Free Cash Flow Margin	76.83%	-48.62%	29.67%	-113.50%	82.72%	-42.93%
Effective Tax Rate	1.99%	0.93%	-	-	-	-

Source: S&P Capital IQ. Financial Services template. Financial Sources.