National Bank of Canada (NTIOF)

National Bank of Canada Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	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	4,518	2,939	3,586	5,271	4,783
Net Interest Income Growth (YoY)	53.73%	-18.04%	-31.97%	10.20%	12.41%
Trust Income	1,381	1,141	1,005	997	900
Income From Trading Activities	4,933	4,299	2,677	543	268
Gain (Loss) on Sale of Investments	132	318	70	113	154
Gain (Loss) on Sale of Equity Investments	8	8	11	28	23
Other Non-Interest Income	2,712	2,401	2,409	2,402	2,525
Total Non-Interest Income	9,462	8,461	6,472	4,381	4,144
Non-Interest Income Growth (YoY)	11.83%	30.73%	47.73%	5.72%	12.85%
Revenues Before Loan Losses	13,980	11,400	10,058	9,652	8,927
Provision for Loan Losses	1,246	569	397	145	2
Revenue	12,734	10,831	9,661	9,507	8,925
Revenue Growth (YoY)	17.57%	12.11%	1.62%	6.52%	26.04%
Salaries and Employee Benefits	4,549	3,145	3,185	3,030	2,591
Occupancy Expenses	-	275	240	155	152
Selling, General & Administrative	2,358	2,089	1,667	1,632	1,744
Other Non-Interest Expense	693	545	586	413	407
Total Non-Interest Expense	7,600	6,054	5,678	5,230	4,894
EBT Excluding Unusual Items	5,134	4,777	3,983	4,277	4,031
Asset Writedown	-	-	-75	-	-9
Pretax Income	5,134	4,777	3,908	4,277	4,022
Income Tax Expense	1,117	961	619	894	882
Earnings From Continuing Operations	4,017	3,816	3,289	3,383	3,140
Minority Interest in Earnings	-	1	2	1	-
Net Income	4,017	3,817	3,291	3,384	3,140
Preferred Dividends & Other Adjustments	165	154	141	107	123
Net Income to Common	3,852	3,663	3,150	3,277	3,017
Net Income Growth	5.24%	15.98%	-2.75%	7.77%	53.85%
Basic Shares Outstanding	378	340	338	337	337
Diluted Shares Outstanding	383	343	341	341	341
Shares Change (YoY)	11.58%	0.61%	-0.02%	-0.01%	0.97%
EPS (Basic)	10.18	10.78	9.33	9.72	8.95
EPS (Diluted)	10.07	10.68	9.24	9.61	8.85
EPS Growth	-5.71%	15.58%	-3.85%	8.59%	55.26%
Dividend Per Share	4.640	4.320	3.980	3.580	2.840
Dividend Growth	7.41%	8.54%	11.17%	26.06%	-
Effective Tax Rate	21.76%	20.12%	15.84%	20.90%	21.93%

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.