National Bank of Canada (TSX: NA)

National Bank of Canada Income Statement

Financials in millions CAD. Fiscal year is November - October.

Year Ending	TTM	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Interest Income on Loans	14,263	12,676	7,136	5,460	5,915	6,468
Interest Income on Investments	4,345	4,101	2,409	1,527	1,663	1,706
Total Interest Income	18,608	16,777	9,545	6,987	7,578	8,174
Interest Paid on Deposits	11,984	10,015	3,291	1,635	2,552	3,468
Interest Paid on Borrowings	3,633	3,176	983	569	771	1,110
Total Interest Expense	15,617	13,191	4,274	2,204	3,323	4,578
Net Interest Income	2,991	3,586	5,271	4,783	4,255	3,596
Net Interest Income Growth (YoY)	-35.08%	-31.97%	10.20%	12.41%	18.33%	6.33%
Trust Income	1,066	1,005	997	900	735	609
Income From Trading Activities	3,622	2,677	543	268	544	829
Gain (Loss) on Sale of Assets	-	-	-	-	-24	50
Gain (Loss) on Sale of Investments	92	70	113	154	93	123
Gain (Loss) on Sale of Equity Investments	8	11	28	23	28	34
Other Non-Interest Income	2,545	2,521	2,402	2,525	2,034	1,920
Total Non-Interest Income	7,631	6,584	4,381	4,144	3,672	3,836
Non-Interest Income Growth (YoY)	48.23%	50.29%	5.72%	12.85%	-4.28%	1.37%
Revenues Before Loan Losses	10,622	10,170	9,652	8,927	7,927	7,432
Provision for Loan Losses	484	397	145	2	846	347
Revenue	10,138	9,773	9,507	8,925	7,081	7,085
Revenue Growth (YoY)	7.39%	2.80%	6.52%	26.04%	-0.06%	3.60%
Salaries and Employee Benefits	3,331	3,212	3,030	2,591	2,478	2,262
Selling, General & Administrative	1,779	1,746	1,632	1,744	1,374	1,427
Other Non-Interest Expense	613	596	413	407	421	456
Total Non-Interest Expense	5,895	5,726	5,230	4,894	4,413	4,234
EBT Excluding Unusual Items	4,243	4,047	4,277	4,031	2,668	2,851
Asset Writedown	-75	-75	-	-9	-71	-57
Other Unusual Items	-	-	-	-	-13	-
Pretax Income	4,168	3,972	4,277	4,022	2,536	2,784
Income Tax Expense	713	637	894	882	453	462
Earnings From Continuing Operations	3,455	3,335	3,383	3,140	2,083	2,322
Minority Interest	2	2	1	-	-42	-66
Net Income to Common	3,312	3,196	3,277	3,017	1,923	2,140
Basic Shares Outstanding	339	338	337	337	336	335
Diluted Shares Outstanding	341	341	341	341	338	338
Shares Change (YoY)	0.35%	-0.02%	-0.01%	0.97%	-0.01%	-1.63%
EPS (Basic)	9.78	9.47	9.72	8.95	5.73	6.39
EPS (Diluted)	9.70	9.38	9.61	8.85	5.70	6.34
EPS Growth	4.89%	-2.39%	8.59%	55.26%	-10.09%	6.73%
Effective Tax Rate	17.11%	16.04%	20.90%	21.93%	17.86%	16.59%
Dividend Per Share	4.160	3.980	3.580	2.840	2.840	2.660
Dividend Growth	10.05%	11.17%	26.06%	0%	6.77%	9.02%

Source: S&P Capital IQ. Banks template.