National Bank of Canada Income Statement

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

Millions CAD. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 31, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Interest Income on Loans	-	16,665	15,581	12,676	7,136	5,460
Interest Income on Investments	-	4,633	4,390	4,101	2,409	1,527
Total Interest Income	-	21,298	19,971	16,777	9,545	6,987
Interest Paid on Deposits	-	12,987	13,198	10,015	3,291	1,635
Interest Paid on Borrowings	-	3,793	3,834	3,176	983	569
Total Interest Expense	-	16,780	17,032	13,191	4,274	2,204
Net Interest Income	5,126	4,518	2,939	3,586	5,271	4,783
Net Interest Income Growth	24.03%	53.73%	-18.04%	-31.97%	10.20%	12.41%
Trust Income	2,601	1,381	1,141	1,005	997	900
Income From Trading Activities	8,890	4,933	4,299	2,677	543	268
Gain (Loss) on Sale of Investments	256	132	318	70	113	154
Gain (Loss) on Sale of Equity Investments	14	8	8	11	28	23
Other Non-Interest Income	-1,850	2,712	2,401	2,409	2,402	2,525
Total Non-Interest Income	10,425	9,462	8,461	6,472	4,381	4,144
Non-Interest Income Growth	14.65%	11.83%	30.73%	47.73%	5.72%	12.85%
Revenues Before Loan Losses	15,551	13,980	11,400	10,058	9,652	8,927
Provision for Loan Losses	967	1,246	569	397	145	2
Revenue	14,584	12,734	10,831	9,661	9,507	8,925
Revenue Growth	20.91%	17.57%	12.11%	1.62%	6.52%	26.04%
Salaries and Employee Benefits	7,822	4,035	3,156	3,185	3,030	2,591
Occupancy Expenses	310	310	275	240	155	152
Selling, General & Administrative	4,578	2,782	2,253	1,667	1,632	1,744
Other Non-Interest Expense	-4,222	473	370	586	413	407
Total Non-Interest Expense	8,488	7,600	6,054	5,678	5,230	4,894
EBT Excluding Unusual Items	6,096	5,134	4,777	3,983	4,277	4,031
Asset Writedown	-	-	-	-75	-	-9
Pretax Income	6,334	5,134	4,777	3,908	4,277	4,022
Income Tax Expense	1,480	1,117	961	619	894	882
Earnings From Continuing Operations	4,854	4,017	3,816	3,289	3,383	3,140
Minority Interest in Earnings	-	-	1	2	1	-
Net Income	4,854	4,017	3,817	3,291	3,384	3,140
Preferred Dividends & Other Adjustments	280	165	154	141	107	123
Net Income to Common	4,574	3,852	3,663	3,150	3,277	3,017
Net Income Growth	22.01%	5.16%	16.29%	-3.88%	8.62%	56.89%
Basic Shares Outstanding	376	378	340	338	337	337
Diluted Shares Outstanding	381	382	343	341	341	341
Shares Change	2.92%	11.56%	0.61%	-0.02%	-0.01%	0.97%
EPS (Basic)	12.16	10.18	10.78	9.33	9.72	8.95
EPS (Diluted)	12.02	10.07	10.68	9.24	9.61	8.85
EPS Growth	18.56%	-5.71%	15.58%	-3.85%	8.59%	55.26%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 31, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Dividend Per Share	4.980	4.640	4.320	3.980	3.580	2.840
Dividend Growth	9.21%	7.41%	8.54%	11.17%	26.06%	0%
Effective Tax Rate	23.37%	21.76%	20.12%	15.84%	20.90%	21.93%