Financial Ratios Canadian Western Bank

Equities

CWB

CA13677F1018

Banks

Market Closed - Toronto S.E. Other stock markets 16:00:00 2024-09-20 EDT			5-day change	1st Jan Change
53.47 ^CAD	-0.07%		+0.70%	+73.21%

09-18	Canadian Western Bank Expands Presence in Ontario with New Kitchener Banking Centre	CI
09-11	UBS Reviews Fiscal Q3 Results from Canada's Banks	MT

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Published financial data: CANADIAN WESTERN BANK

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2019	2020	2021	2022	2023
Interest Income On Loans	1.38B	1.34B	1.3B	1.52B	2.28B
Interest Income On Investments	38.97M	32.91M	21.06M	38.88M	83.85M
Interest Income, Total	1.42B	1.37B	1.32B	1.56B	2.37B
Interest On Deposits	573M	499M	361M	546M	1.26B
Total Interest On Borrowings	59.64M	70.36M	64.99M	75.79M	123M
Interest Expense, Total	633M	570M	426M	622M	1.38B
Net Interest Income	786M	799M	892M	940M	981M
Trust Income	27.29M	41.94M	68.48M	71.92M	71.92M
Gain (Loss) on Sale of Assets	-	-	-	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	301K	9.43M	2.98M	-67K	-52K
Total Other Non Interest Income	48.43M	46.61M	52.21M	64.46M	59.42M
Non Interest Income, Total	76.02M	97.98M	124M	136M	131M
Revenues Before Provison For Loan Losses	862M	897M	1.02B	1.08B	1.11B
Provision For Loan Losses	57.76M	92.17M	27.06M	46M	26.64M
Total Revenues	804M	805M	989M	1.03B	1.09B
Salaries And Other Employee Benefits	245M	269M	309M	332M	355M
Stock-Based Compensation (IS)	1.18M	1.33M	1.81M	1.66M	1.36M
Occupancy Expense	48.06M	70.56M	85.57M	116M	110M
Selling General & Admin Expenses, Total	47.95M	31.52M	36.8M	34.91M	39.02M
Total Other Non Interest Expense	63.27M	61.94M	73.72M	95.7M	88.34M
Non Interest Expense, Total	405M	434M	507M	581M	594M
EBT, Excl. Unusual Items	398M	371M	482M	449M	492M
Restructuring Charges	-	-	-	-	-17.15M
Total Merger & Related Restructuring Charges	-	-2.44M	-1.76M	-626K	-602K
Other Unusual Items	-7.85M	-	-	-	-
EBT, Incl. Unusual Items	391M	369M	480M	449M	475M
Income Tax Expense	103M	97.03M	123M	112M	124M
Earnings From Continuing Operations	288M	272M	357M	337M	351M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	288M	272M	357M	337M	351M
Minority Interest	-1.05M	-968K	-290K	-	-
Net Income - (IS)	287M	271M	357M	337M	351M
Preferred Dividend and Other Adjustments	19.85M	21.63M	29.49M	26.59M	26.33M
Net Income to Common Incl Extra Items	267M	249M	327M	310M	324M
Net Income to Common Excl. Extra Items	267M	249M	327M	310M	324M
Per Share Items
Net EPS - Basic	3.05	2.86	3.74	3.39	3.38
Basic EPS - Continuing Operations	3.05	2.86	3.74	3.39	3.38
Basic Weighted Average Shares Outstanding	87.51M	87.16M	87.58M	91.43M	96.05M
Net EPS - Diluted	3.04	2.86	3.73	3.39	3.38
Diluted EPS - Continuing Operations	3.04	2.86	3.73	3.39	3.38
Diluted Weighted Average Shares Outstanding	87.74M	87.19M	87.84M	91.49M	96.06M
Normalized Basic EPS	2.83	2.65	3.44	3.07	3.2
Normalized Diluted EPS	2.83	2.65	3.43	3.07	3.2
Dividend Per Share	1.08	1.15	1.16	1.22	1.3
Payout Ratio	39.43	45.03	35.54	39.43	43.16
Supplemental Items
Effective Tax Rate - (Ratio)	26.29	26.33	25.61	24.89	26.12
Current Domestic Taxes	105M	-	-	-	-
Total Current Taxes	105M	107M	126M	106M	125M
Deferred Domestic Taxes	-2.48M	-	-	-	-
Total Deferred Taxes	-2.48M	-10.23M	-2.79M	5.94M	-1.17M
Normalized Net Income	248M	231M	301M	281M	308M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	12.94M	12.55M	16.08M	13.33M	18.01M
Stock-Based Comp., Other (Total)	1.18M	1.33M	1.81M	1.66M	1.36M
Total Stock-Based Compensation	14.12M	13.88M	17.89M	14.99M	19.36M

Fiscal Period: October	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	122M	114M	107M	89.15M	66.52M
Investment Securities, Total	2.33B	2.95B	3.62B	4.55B	4.18B
Trading Asset Securities, Total	47.82M	96.62M	52.86M	111M	124M
Total investments	2.38B	3.04B	3.67B	4.66B	4.3B
Gross Loans	28.48B	30.17B	32.9B	35.91B	37.21B
Allowance For Loan Losses	-111M	-159M	-141M	-162M	-173M
Net Loans	28.37B	30.01B	32.76B	35.74B	37.04B
Gross Property Plant And Equipment	191M	288M	302M	340M	351M
Accumulated Depreciation	-128M	-149M	-171M	-187M	-199M
Net Property Plant And Equipment	63.17M	139M	131M	153M	152M
Goodwill	85.39M	138M	139M	139M	139M
Other Intangibles, Total	174M	221M	228M	224M	241M
Accrued Interest Receivable	79.71M	71.81M	74.95M	116M	146M
Other Receivables	65.24M	80.1M	101M	168M	55.65M
Other Current Assets, Total	14.47M	12.36M	27.36M	90.46M	135M
Deferred Tax Assets Long-Term (Collected)	37.87M	49.58M	50.77M	42.25M	41.49M
Other Real Estate Owned And Foreclosed	4.22M	4.36M	2.25M	2.01M	-
Deferred Charges Long-Term	6.99M	8.46M	13.88M	13.59M	119K
Other Long-Term Assets, Total	24.67M	46.37M	17.1M	3.3M	3.78M
Total Assets	31.42B	33.94B	37.32B	41.44B	42.32B
Liabilities
Accounts Payable, Total	333M	352M	429M	438M	393M
Interest Bearing Deposits	24.6B	26.33B	28.62B	31.67B	32.32B
Non-Interest Bearing Deposits	750M	985M	1.35B	1.35B	1.01B
Total Deposits	25.35B	27.31B	29.98B	33.02B	33.33B
Short-Term Borrowings	43.98M	71.48M	36.07M	403M	220M
Current Portion of Long-Term Debt	577M	560M	697M	797M	951M
Long-Term Debt	1.84B	1.86B	2.32B	2.66B	2.89B
Long-Term Leases	-	94.96M	86.51M	85.11M	93.46M
Current Income Taxes Payable	60.5M	9.82M	3.13M	4M	15.68M
Accrued Interest Payable	209M	175M	127M	197M	344M
Other Current Liabilities - (Bank / Utility Template)	41.9M	139M	90.54M	54.99M	46M
Unearned Revenue Non Current	4.36M	3.68M	4.95M	3.47M	2.6M
Deferred Tax Liability Non-Current	4.72M	9.96M	8.6M	6.57M	5.26M
Other Non Current Liabilities	15.77M	14.38M	12.54M	32.99M	5.61M
Total Liabilities	28.48B	30.61B	33.79B	37.71B	38.29B
Preferred Stock Redeemable	390M	390M	250M	250M	250M
Total Preferred Equity	390M	390M	250M	250M	250M
Common Stock, Total	732M	731M	809M	956M	1.01B
Retained Earnings	1.79B	1.91B	2.12B	2.32B	2.52B
Comprehensive Income and Other	38.57M	303M	354M	210M	253M
Total Common Equity	2.56B	2.94B	3.28B	3.48B	3.78B
Minority Interest	1.87M	862K	-	-	-
Total Equity	2.95B	3.33B	3.53B	3.73B	4.03B
Total Liabilities And Equity	31.42B	33.94B	37.32B	41.44B	42.32B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	87.26M	87.1M	89.5M	94.33M	96.43M
ECS Total Common Shares Outstanding	87.25M	87.1M	89.39M	94.33M	96.43M
Book Value / Share	29.29	33.77	36.74	36.92	39.16
Tangible Book Value	2.3B	2.58B	2.92B	3.12B	3.4B
Tangible Book Value Per Share	26.32	29.65	32.64	33.08	35.22
Average Assets	30.23B	32.57B	35.78B	39.04B	41.97B
Average Loans	27.19B	28.99B	31.01B	33.84B	36.56B
Total Debt	2.46B	2.59B	3.14B	3.95B	4.15B
Net Debt	1.97B	2.1B	2.93B	3.72B	3.68B
Full Time Employees	2.28K	2.5K	2.62K	2.71K	2.5K
Number Of Offices	-	-	-	-	-

Fiscal Period: October	2019	2020	2021	2022	2023
Net Income	287M	271M	357M	337M	351M
Depreciation, Depletion & Amortization	11.3M	25.15M	24.86M	24.34M	24.86M
Amortization of Goodwill and Intangible Assets - (CF)	5.01M	6.13M	8.07M	10.23M	8.49M
Total Depreciation, Depletion & Amortization	16.31M	31.27M	32.93M	34.56M	33.35M
Amortization of Deferred Charges, Total	16.14M	19.18M	25.37M	46.28M	28.83M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-301K	-9.43M	-2.98M	67K	52K
Provision for Credit Losses	57.76M	92.17M	27.06M	46M	26.64M
Stock-Based Compensation (CF)	1.62M	1.82M	1.82M	1.97M	1.88M
Change in Accounts Payable	-	19.28M	76.49M	9.3M	-
Change in Other Net Operating Assets (Collected)	-2.12B	-1.43B	-2.29B	-2.38B	-1.46B
Other Operating Activities	105M	-95.48M	-95.74M	52.36M	155M
Net Cash From Discontinued Operations	-	-	-	-	-
Cash from Operations	-1.63B	-1.1B	-1.86B	-1.85B	-859M
Capital Expenditure	-49.07M	-54.82M	-56.03M	-99.25M	-78.78M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-37.37M	-83.51M	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-136M	-661M	-674M	-1.09B	560M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-223M	-799M	-730M	-1.18B	481M
Long-Term Debt Issued, Total	248M	124M	-	-	149M
Total Debt Issued	248M	124M	-	-	149M
Long-Term Debt Repaid, Total	-	-265M	-15.94M	-14.35M	-15.84M
Total Debt Repaid	-	-265M	-15.94M	-14.35M	-15.84M
Issuance of Common Stock	-	175M	223M	141M	51.49M
Repurchase of Common Stock	-49.59M	-5.14M	-	-	-
Issuance of Preferred Stock	125M	-	-	-	-
Repurchase of Preferred Stock	-	-	-140M	-	-
Common Dividends Paid	-93.22M	-100M	-	-	-125M
Preferred Dividends Paid	-19.85M	-21.63M	-	-	-26.33M
Common & Preferred Stock Dividends Paid	-	-	-127M	-133M	-
Common & Preferred Stock Dividends Paid	-113M	-122M	-127M	-133M	-151M
Net Increase (Decrease) in Deposit Accounts - (CF)	1.65B	1.96B	2.67B	3.04B	318M
Other Financing Activities, Total	-6.33M	-5.88M	-15.22M	-2.71M	-745K
Cash from Financing	1.86B	1.86B	2.59B	3.03B	351M
Net Change in Cash	1.55M	-37.91M	-4.54M	-1.05M	-27.27M
Supplemental Items
Cash Interest Paid	589M	603M	474M	552M	1.24B
Cash Income Tax Paid (Refund)	80.57M	190M	128M	86.86M	105M
Net Debt Issued / Repaid	248M	-141M	-15.94M	-14.35M	133M

Fiscal Period: October	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.95	0.83	1	0.86	0.84
Return On Equity %	10.4	8.65	10.41	9.27	9.04
Return on Common Equity	10.95	9.06	10.52	9.17	8.93
Shareholders Value Added	-793K	-51.61M	-7.39M	-58.5M	-65.35M
Margin Analysis
SG&A Margin	42.42	46.07	43.62	46.96	46.4
Net Interest Income / Total Revenues %	97.73	99.28	90.23	91.23	90.36
EBT Excl. Non-Recurring Items Margin %	49.56	46.08	48.74	43.59	45.34
Income From Continuing Operations Margin %	35.81	33.72	36.12	32.7	32.29
Net Income Margin %	35.68	33.6	36.09	32.7	32.29
Net Avail. For Common Margin %	33.21	30.92	33.11	30.12	29.87
Normalized Net Income Margin	30.84	28.68	30.43	27.25	28.34
Asset quality
Nonperforming Loans / Total Loans %	0.52	0.85	0.61	0.46	0.71
Nonperforming Loans / Total Assets %	0.47	0.76	0.54	0.4	0.63
Nonperforming Assets / Total Assets %	0.47	0.76	0.54	0.4	0.63
NPAs / Loans and OREO	0.52	0.85	0.61	0.46	0.71
NPAs / Equity	5.03	7.72	5.73	4.46	6.61
Allowance for Credit Losses / Net Charge-offs %	189.78	375.91	311.3	653.63	916.18
Allowance for Credit Losses / Nonperforming Loans %	74.76	61.96	69.9	97.09	64.88
Allowance for Credit Losses / Total Loans %	0.39	0.53	0.43	0.45	0.46
Net Charge-offs / Total Average Loans %	0.21	0.15	0.15	0.07	0.05
Provision for Loan Losses / Net Charge-offs %	98.9	217.46	59.55	185.79	141.44
Interest Income / Average Assets	4.69	4.2	3.68	4	5.64
Interest Expense / Average Assets	2.09	1.75	1.19	1.59	3.3
Net Interest Income / Average Assets	2.6	2.45	2.49	2.41	2.34
Non Interest Income / Average Assets	0.25	0.3	0.35	0.35	0.31
Non Interest Expense / Average Asset	1.34	1.33	1.42	1.49	1.41
Capital And Funding
Total Average Common Equity / Total Average Assets %	8.07	8.41	8.74	8.59	8.67
Total Average Equity / Total Average Assets %	9.16	9.61	9.64	9.23	9.27
Total Equity + Allowance for Loan Losses / Total Loans %	10.73	11.57	11.17	10.85	11.29
Gross Loans / Total Deposits %	112.33	110.46	109.76	108.74	111.65
Net Loans / Total Deposits %	111.89	109.88	109.29	108.25	111.13
Tier 1 Capital Ratio %	10.7	10.9