National Bank of Canada (TSX: NA)

National Bank of Canada Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Oct 31, 2024	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Interest Income on Loans	15,581	15,581	12,676	7,136	5,460	5,915
Interest Income on Investments	4,390	4,390	4,101	2,409	1,527	1,663
Total Interest Income	19,971	19,971	16,777	9,545	6,987	7,578
Interest Paid on Deposits	13,198	13,198	10,015	3,291	1,635	2,552
Interest Paid on Borrowings	3,834	3,834	3,176	983	569	771
Total Interest Expense	17,032	17,032	13,191	4,274	2,204	3,323
Net Interest Income	2,939	2,939	3,586	5,271	4,783	4,255
Net Interest Income Growth (YoY)	-18.04%	-18.04%	-31.97%	10.20%	12.41%	18.33%
Trust Income	1,141	1,141	1,005	997	900	735
Income From Trading Activities	4,299	4,299	2,677	543	268	544
Gain (Loss) on Sale of Assets	-	-	-	-	-	-24
Gain (Loss) on Sale of Investments	318	318	70	113	154	93
Gain (Loss) on Sale of Equity Investments	8	8	11	28	23	28
Other Non-Interest Income	2,401	2,401	2,409	2,402	2,525	2,034
Total Non-Interest Income	8,461	8,461	6,472	4,381	4,144	3,672
Non-Interest Income Growth (YoY)	30.73%	30.73%	47.73%	5.72%	12.85%	-4.28%
Revenues Before Loan Losses	11,400	11,400	10,058	9,652	8,927	7,927
Provision for Loan Losses	569	569	397	145	2	846
Revenue	10,831	10,831	9,661	9,507	8,925	7,081
Revenue Growth (YoY)	12.11%	12.11%	1.62%	6.52%	26.04%	-0.06%
Salaries and Employee Benefits	3,145	3,145	3,185	3,030	2,591	2,478
Occupancy Expenses	177	177	172	155	152	140
Selling, General & Administrative	2,187	2,187	1,735	1,632	1,744	1,374
Other Non-Interest Expense	545	545	586	413	407	421
Total Non-Interest Expense	6,054	6,054	5,678	5,230	4,894	4,413
EBT Excluding Unusual Items	4,777	4,777	3,983	4,277	4,031	2,668
Asset Writedown	-	-	-75	-	-9	-71
Other Unusual Items	-	-	-	-	-	-13
Pretax Income	4,777	4,777	3,908	4,277	4,022	2,536
Income Tax Expense	961	961	619	894	882	453
Earnings From Continuing Operations	3,816	3,816	3,289	3,383	3,140	2,083
Minority Interest in Earnings	1	1	2	1	-	-42
Net Income	3,817	3,817	3,291	3,384	3,140	2,041
Preferred Dividends & Other Adjustments	154	154	141	107	123	118
Net Income to Common	3,663	3,663	3,150	3,277	3,017	1,923
Net Income Growth	15.98%	15.98%	-2.75%	7.77%	53.85%	-9.53%
Basic Shares Outstanding	340	340	338	337	337	336
Diluted Shares Outstanding	343	343	341	341	341	338
Shares Change (YoY)	0.61%	0.61%	-0.02%	-0.01%	0.97%	-0.01%
EPS (Basic)	10.78	10.78	9.33	9.72	8.95	5.73
EPS (Diluted)	10.68	10.68	9.24	9.61	8.85	5.70
EPS Growth	15.58%	15.58%	-3.85%	8.59%	55.26%	-10.09%
Dividend Per Share	4.320	4.320	3.980	3.580	2.840	2.840
Dividend Growth	8.54%	8.54%	11.17%	26.06%	0%	6.77%
Effective Tax Rate	20.12%	20.12%	15.84%	20.90%	21.93%	17.86%

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