Royal Bank of Canada (RY)

Royal 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	51,498	43,463	26,565	21,654	23,420	24,863
Interest Income on Investments	51,457	43,528	14,206	6,491	11,463	16,470
Total Interest Income	102,955	86,991	40,771	28,145	34,883	41,333
Interest Paid on Deposits	45,701	36,679	10,751	5,448	8,783	12,988
Interest Paid on Borrowings	30,430	25,183	7,303	2,695	5,265	8,596
Total Interest Expense	76,131	61,862	18,054	8,143	14,048	21,584
Net Interest Income	26,824	25,129	22,717	20,002	20,835	19,749
Net Interest Income Growth (YoY)	7.86%	10.62%	13.57%	-4.00%	5.50%	10.01%
Trust Income	8,930	8,344	7,610	7,132	6,101	5,748
Income From Trading Activities	2,352	2,392	926	1,183	1,239	995
Gain (Loss) on Sale of Assets	-	-	-	-	-	151
Gain (Loss) on Sale of Investments	159	193	43	145	90	125
Gain (Loss) on Sale of Equity Investments	-250	-219	110	130	77	76
Other Non-Interest Income	21,605	20,290	17,579	21,101	18,839	19,158
Total Non-Interest Income	32,796	31,000	26,268	29,691	26,346	26,253
Non-Interest Income Growth (YoY)	23.87%	18.01%	-11.53%	12.70%	0.35%	6.62%
Revenues Before Loan Losses	59,620	56,129	48,985	49,693	47,181	46,002
Provision for Loan Losses	3,112	2,468	484	-753	4,351	1,864
Revenue	56,508	53,661	48,501	50,446	42,830	44,138
Revenue Growth (YoY)	14.81%	10.64%	-3.86%	17.78%	-2.96%	6.95%
Salaries and Employee Benefits	19,531	18,224	16,067	14,418	14,682	13,487
Amortization of Goodwill & Intangibles	1,524	1,487	1,369	1,287	1,273	1,197
Selling, General & Administrative	9,082	8,256	6,707	7,973	6,456	6,920
Other Non-Interest Expense	7,535	7,228	4,249	6,137	6,030	6,620
Total Non-Interest Expense	37,672	35,195	28,392	29,815	28,441	28,224
EBT Excluding Unusual Items	18,836	18,466	20,109	20,631	14,389	15,914
Pretax Income	18,836	18,466	20,109	20,631	14,389	15,914
Income Tax Expense	2,625	3,600	4,302	4,581	2,952	3,043
Earnings From Continuing Operations	16,211	14,866	15,807	16,050	11,437	12,871
Minority Interest in Earnings	-9	-7	-13	-12	-5	-11
Net Income	16,202	14,859	15,794	16,038	11,432	12,860
Preferred Dividends & Other Adjustments	298	236	247	257	268	269
Net Income to Common	15,904	14,623	15,547	15,781	11,164	12,591
Net Income Growth	11.40%	-5.92%	-1.52%	40.29%	-11.10%	3.71%
Basic Shares Outstanding	1,408	1,391	1,404	1,424	1,424	1,435
Diluted Shares Outstanding	1,410	1,393	1,406	1,427	1,429	1,441
Shares Change (YoY)	1.45%	-0.96%	-1.45%	-0.14%	-0.83%	-0.68%
EPS (Basic)	11.29	10.51	11.08	11.08	7.84	8.78
EPS (Diluted)	11.29	10.50	11.06	11.06	7.82	8.75
EPS Growth	9.58%	-5.06%	0%	41.38%	-10.60%	4.63%
Dividend Per Share	5.530	5.340	4.960	4.320	4.290	4.070
Dividend Growth	4.93%	7.66%	14.81%	0.70%	5.41%	7.96%
Effective Tax Rate	13.94%	19.50%	21.39%	22.20%	20.52%	19.12%

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