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 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jul 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Interest Income on Loans	15,023	12,676	7,136	5,460	5,915	6,468
Interest Income on Investments	4,392	4,101	2,409	1,527	1,663	1,706
Total Interest Income	19,415	16,777	9,545	6,987	7,578	8,174
Interest Paid on Deposits	12,784	10,015	3,291	1,635	2,552	3,468
Interest Paid on Borrowings	3,741	3,176	983	569	771	1,110
Total Interest Expense	16,525	13,191	4,274	2,204	3,323	4,578
Net Interest Income	2,890	3,586	5,271	4,783	4,255	3,596
Net Interest Income Growth (YoY)	-28.78%	-31.97%	10.20%	12.41%	18.33%	6.33%
Trust Income	1,101	1,005	997	900	735	609
Income From Trading Activities	4,048	2,677	543	268	544	829
Gain (Loss) on Sale of Assets	-	-	-	-	-24	50
Gain (Loss) on Sale of Investments	237	70	113	154	93	123
Gain (Loss) on Sale of Equity Investments	8	11	28	23	28	34
Other Non-Interest Income	2,548	2,521	2,402	2,525	2,034	1,920
Total Non-Interest Income	8,238	6,584	4,381	4,144	3,672	3,836
Non-Interest Income Growth (YoY)	42.67%	50.29%	5.72%	12.85%	-4.28%	1.37%
Revenues Before Loan Losses	11,128	10,170	9,652	8,927	7,927	7,432
Provision for Loan Losses	522	397	145	2	846	347
Revenue	10,606	9,773	9,507	8,925	7,081	7,085
Revenue Growth (YoY)	12.08%	2.80%	6.52%	26.04%	-0.06%	3.60%
Salaries and Employee Benefits	3,446	3,212	3,030	2,591	2,478	2,262
Occupancy Expenses	172	172	155	152	140	89
Selling, General & Administrative	1,814	1,746	1,632	1,744	1,374	1,427
Other Non-Interest Expense	600	596	413	407	421	456
Total Non-Interest Expense	6,032	5,726	5,230	4,894	4,413	4,234
EBT Excluding Unusual Items	4,574	4,047	4,277	4,031	2,668	2,851
Asset Writedown	-75	-75	-	-9	-71	-57
Other Unusual Items	-	-	-	-	-13	-
Pretax Income	4,499	3,972	4,277	4,022	2,536	2,784
Income Tax Expense	841	637	894	882	453	462
Earnings From Continuing Operations	3,658	3,335	3,383	3,140	2,083	2,322
Minority Interest in Earnings	1	2	1	-	-42	-66
Net Income	3,659	3,337	3,384	3,140	2,041	2,256
Preferred Dividends & Other Adjustments	149	141	107	123	118	116
Net Income to Common	3,510	3,196	3,277	3,017	1,923	2,140
Net Income Growth	11.62%	-1.39%	7.77%	53.85%	-9.53%	5.17%
Basic Shares Outstanding	339	338	337	337	336	335
Diluted Shares Outstanding	342	341	341	341	338	338
Shares Change (YoY)	0.44%	-0.02%	-0.01%	0.97%	-0.01%	-1.63%
EPS (Basic)	10.35	9.47	9.72	8.95	5.73	6.39
EPS (Diluted)	10.27	9.38	9.61	8.85	5.70	6.34
EPS Growth	11.41%	-2.39%	8.59%	55.26%	-10.09%	6.73%
Dividend Per Share	4.240	3.980	3.580	2.840	2.840	2.660
Dividend Growth	9.28%	11.17%	26.06%	0%	6.77%	9.02%
Effective Tax Rate	18.69%	16.04%	20.90%	21.93%	17.86%	16.59%

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