Financial Ratios National Bank of Canada

Equities

NA

CA6330671034

Banks

Delayed Toronto S.E. Other stock markets 13:25:18 2024-09-09 EDT			5-day change	1st Jan Change
124.09 ^CAD	+0.50%		+0.27%	+22.89%

04:20pm	Athabasca Oil Keeps Outperform at National Bank of Canada After New York Event	MT
03:03pm	Alamos Downgraded to Sector Perform, Price Target Raised to $28 at National Bank of Canada	MT

0dfe7319c71507.DeML2ACrTnGM_vWw1BczVaEq1T_f_aM2jB-IKHl_sQg.a85BgWjgKT68qJb1mnN3YetPn2uTqpV8wUfyQkgeh25VpWy1X-0UGPrHkg

Published financial data: NATIONAL BANK OF CANADA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2019	2020	2021	2022	2023
Interest Income On Loans	6.47B	5.92B	5.46B	7.14B	12.68B
Interest Income On Investments	1.71B	1.66B	1.53B	2.41B	4.1B
Interest Income, Total	8.17B	7.58B	6.99B	9.54B	16.78B
Interest On Deposits	3.47B	2.55B	1.64B	3.29B	10.02B
Total Interest On Borrowings	1.11B	771M	569M	983M	3.18B
Interest Expense, Total	4.58B	3.32B	2.2B	4.27B	13.19B
Net Interest Income	3.6B	4.26B	4.78B	5.27B	3.59B
Service Charges On Deposits	271M	262M	274M	298M	300M
Trust Income	609M	675M	900M	997M	1B
Income From Trading Activities	829M	604M	268M	543M	2.68B
Gain (Loss) on Sale of Assets	50M	-24M	-	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	123M	93M	184M	113M	70M
Income (Loss) on Equity Invest. (Income Block)	34M	28M	23M	28M	11M
Total Other Non Interest Income	1.92B	2.03B	2.5B	2.4B	2.52B
Non Interest Income, Total	3.84B	3.67B	4.14B	4.38B	6.58B
Revenues Before Provison For Loan Losses	7.43B	7.93B	8.93B	9.65B	10.17B
Provision For Loan Losses	347M	846M	2M	145M	397M
Total Revenues	7.08B	7.08B	8.92B	9.51B	9.77B
Salaries And Other Employee Benefits	2.26B	2.48B	2.59B	3.03B	3.21B
Occupancy Expense	89M	140M	152M	155M	172M
Selling General & Admin Expenses, Total	1.43B	1.37B	1.69B	1.63B	1.75B
Total Other Non Interest Expense	456M	434M	407M	413M	596M
Non Interest Expense, Total	4.23B	4.43B	4.84B	5.23B	5.73B
EBT, Excl. Unusual Items	2.85B	2.66B	4.08B	4.28B	4.05B
Restructuring Charges	-10M	-48M	-	-	-
Asset Writedown	-57M	-71M	-9M	-	-75M
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	2.78B	2.54B	4.07B	4.28B	3.97B
Income Tax Expense	462M	453M	895M	894M	637M
Earnings From Continuing Operations	2.32B	2.08B	3.18B	3.38B	3.34B
Net Income to Company	2.32B	2.08B	3.18B	3.38B	3.34B
Minority Interest	-66M	-42M	-	1M	2M
Net Income - (IS)	2.26B	2.04B	3.18B	3.38B	3.34B
Preferred Dividend and Other Adjustments	116M	118M	123M	107M	141M
Net Income to Common Incl Extra Items	2.14B	1.92B	3.05B	3.28B	3.2B
Net Income to Common Excl. Extra Items	2.14B	1.92B	3.05B	3.28B	3.2B
Per Share Items
Net EPS - Basic	6.39	5.73	9.06	9.72	9.47
Basic EPS - Continuing Operations	6.39	5.73	9.06	9.72	9.47
Basic Weighted Average Shares Outstanding	335M	336M	337M	337M	338M
Net EPS - Diluted	6.34	5.7	8.96	9.61	9.38
Diluted EPS - Continuing Operations	6.34	5.7	8.96	9.61	9.38
Diluted Weighted Average Shares Outstanding	338M	338M	341M	341M	341M
Normalized Basic EPS	5.12	4.82	7.56	7.93	7.5
Normalized Diluted EPS	5.08	4.79	7.48	7.85	7.43
Dividend Per Share	2.66	2.84	2.84	3.58	3.98
Payout Ratio	43.97	63.69	34.66	39.15	45.04
Supplemental Items
Effective Tax Rate - (Ratio)	16.59	17.86	21.98	20.9	16.04
Total Current Taxes	669M	611M	776M	784M	866M
Total Deferred Taxes	-207M	-158M	119M	110M	-229M
Normalized Net Income	1.72B	1.62B	2.55B	2.67B	2.53B
Non-Cash Pension Expense	5M	11M	5M	-17M	-21M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	260M	187M	436M	254M	240M
Total Stock-Based Compensation	260M	187M	436M	254M	240M

Fiscal Period: October	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	9.6B	23.27B	27.1B	24.18B	25.94B
Investment Securities, Total	38.51B	38.73B	29.23B	48.97B	33.13B
Trading Asset Securities, Total	69.95B	91.75B	101B	106B	118B
Total investments	108B	130B	131B	155B	151B
Gross Loans	147B	159B	177B	201B	220B
Allowance For Loan Losses	-678M	-1.16B	-998M	-955M	-1.18B
Net Loans	146B	158B	176B	200B	219B
Gross Property Plant And Equipment	948M	1.74B	1.8B	2.14B	2.46B
Accumulated Depreciation	-458M	-588M	-586M	-739M	-866M
Net Property Plant And Equipment	490M	1.16B	1.22B	1.4B	1.59B
Goodwill	1.41B	1.41B	1.5B	1.52B	1.52B
Other Intangibles, Total	1.41B	1.43B	1.51B	1.36B	1.26B
Accrued Interest Receivable	623M	567M	696M	1.06B	1.6B
Other Receivables	1.48B	1.89B	2.66B	3.9B	5.13B
Restricted Cash	4.1B	5.87B	6.78B	7.69B	9.29B
Other Current Assets, Total	6.89B	6.87B	6.84B	6.54B	6.63B
Deferred Tax Assets Long-Term (Collected)	562M	643M	354M	389M	634M
Other Long-Term Assets, Total	71M	164M	757M	608M	517M
Total Assets	281B	332B	356B	404B	424B
Liabilities
Accounts Payable, Total	1.88B	1.99B	2.47B	2.58B	2.46B
Interest Bearing Deposits	145B	153B	175B	199B	215B
Non-Interest Bearing Deposits	44.71B	63.1B	66.2B	67.68B	72.74B
Total Deposits	190B	216B	241B	266B	288B
Short-Term Borrowings	6.85B	12.92B	19.37B	19.63B	19.89B
Current Portion of Long-Term Debt	14.4B	26.36B	13.88B	26.65B	30.27B
Current Portion of Leases	-	86M	87M	94M	109M
Long-Term Debt	9.5B	8.66B	4.62B	8.48B	9.05B
Long-Term Leases	-	542M	488M	458M	408M
Current Income Taxes Payable	144M	121M	478M	67M	208M
Accrued Interest Payable	1.06B	621M	552M	1.06B	2.02B
Other Current Liabilities - (Bank / Utility Template)	23.48B	27.93B	31.78B	35.07B	25.64B
Pension & Other Post Retirement Benefits	374M	201M	143M	111M	94M
Deferred Tax Liability Non-Current	5M	-	10M	14M	28M
Other Non Current Liabilities	19.06B	19.93B	22.13B	21.38B	21.56B
Total Liabilities	266B	315B	337B	382B	400B
Preferred Stock Redeemable	2.45B	2.45B	1.65B	1.65B	1.65B
Total Preferred Equity	2.45B	2.45B	1.65B	1.65B	1.65B
Common Stock, Total	2.95B	3.06B	3.16B	3.2B	3.29B
Additional Paid In Capital	51M	47M	47M	56M	68M
Retained Earnings	9.31B	10.44B	13.03B	15.14B	16.74B
Comprehensive Income and Other	16M	382M	968M	1.7B	1.92B
Total Common Equity	12.33B	13.93B	17.2B	20.09B	22.03B
Minority Interest	358M	3M	3M	2M	2M
Total Equity	15.14B	16.38B	18.86B	21.75B	23.68B
Total Liabilities And Equity	281B	332B	356B	404B	424B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	334M	336M	338M	337M	338M
ECS Total Common Shares Outstanding	334M	336M	338M	337M	338M
Book Value / Share	36.89	41.46	50.91	59.7	65.11
Tangible Book Value	9.51B	11.08B	14.19B	17.22B	19.25B
Tangible Book Value Per Share	28.46	32.98	41.99	51.15	56.9
Average Assets	286B	318B	364B	394B	431B
Average Loans	142B	152B	165B	180B	200B
Total Debt	30.75B	48.57B	38.44B	55.31B	59.72B
Debt Equivalent of Unfunded Proj. Benefit Obligation	134M	-126M	-691M	-498M	-356M
Net Debt	-66.52B	-80.96B	-97.47B	-101B	-94.99B
Equity Method Investments, Total	385M	409M	225M	140M	49M
Full Time Employees	25.49K	26.52K	26.92K	29.51K	28.92K
Number Of Offices	495	483	-	-	-

Fiscal Period: October	2019	2020	2021	2022	2023
Net Income	2.26B	2.04B	3.18B	3.38B	3.34B
Depreciation, Depletion & Amortization	105M	196M	195M	202M	211M
Amortization of Goodwill and Intangible Assets - (CF)	6M	7M	7M	6M	6M
Total Depreciation, Depletion & Amortization	111M	203M	202M	208M	217M
Amortization of Deferred Charges, Total	217M	245M	279M	273M	307M
(Gain) Loss On Sale of Asset - (CF)	-50M	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-123M	-93M	-154M	-113M	-161M
Total Asset Writedown	57M	71M	16M	8M	88M
Provision for Credit Losses	347M	846M	2M	145M	397M
(Income) Loss On Equity Investments - (CF)	-34M	-28M	-23M	-28M	-11M
Stock-Based Compensation (CF)	11M	9M	11M	17M	18M
Change in Trading Asset Securities	-6.01B	-16.5B	-6.48B	-2.56B	-12.62B
Changes in Accrued Interest Receivable	-41M	-156M	-186M	150M	407M
Change In Income Taxes	-7M	-167M	272M	-437M	-313M
Change in Other Net Operating Assets (Collected)	-7.1B	7.29B	-16.18B	-28.53B	-8.05B
Other Operating Activities	-96M	-92M	119M	109M	-231M
Cash from Operations	-10.46B	-6.33B	-18.95B	-27.38B	-16.61B
Capital Expenditure	-144M	-182M	-217M	-296M	-352M
Sale of Property, Plant, and Equipment	187M	-	-	-	-
Cash Acquisitions	-	-	-73M	-	-
Purchase / Sale of Intangible Assets	-359M	-332M	-350M	-374M	-299M
Investment in Marketable and Equity Securities, Total	-5.94B	-2.84B	2.03B	-786M	571M
Cash from Investing	-6.25B	-3.35B	1.39B	-1.46B	-80M
Long-Term Debt Issued, Total	-	-	-	739M	-
Total Debt Issued	-	-	-	739M	-
Long-Term Debt Repaid, Total	-	-88M	-96M	-99M	-852M
Total Debt Repaid	-	-88M	-96M	-99M	-852M
Issuance of Common Stock	152M	100M	92M	53M	88M
Repurchase of Common Stock	-281M	-380M	-	-245M	-
Issuance of Preferred Stock	-	500M	500M	500M	-
Repurchase of Preferred Stock	-	-	-800M	-	-
Common Dividends Paid	-	-	-	-1.25B	-
Preferred Dividends Paid	-	-	-	-72M	-
Common & Preferred Stock Dividends Paid	-992M	-1.3B	-1.1B	-	-1.5B
Common & Preferred Stock Dividends Paid	-992M	-1.3B	-1.1B	-1.32B	-1.5B
Net Increase (Decrease) in Deposit Accounts - (CF)	18.74B	26.31B	25.06B	25.46B	21.78B
Other Financing Activities, Total	-140M	-64M	-334M	-4M	-
Cash from Financing	17.48B	25.08B	23.32B	25.08B	19.51B
Foreign Exchange Rate Adjustments	176M	44M	-1.03B	1.75B	545M
Net Change in Cash	942M	15.44B	4.74B	-2.01B	3.36B
Supplemental Items
Cash Interest Paid	4.54B	3.54B	2.26B	3.76B	12.24B
Cash Income Tax Paid (Refund)	520M	536M	542M	1.12B	741M
Net Debt Issued / Repaid	-	-88M	-96M	640M	-852M

Fiscal Period: October	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.85	0.68	0.92	0.89	0.81
Return On Equity %	15.75	13.22	18.03	16.74	14.68
Return on Common Equity	17.94	14.65	19.62	17.65	15.18
Shareholders Value Added	837M	503M	1.32B	1.16B	816M
Margin Analysis
SG&A Margin	53.32	56.38	49.71	50.67	52.49
Net Interest Income / Total Revenues %	50.76	60.09	53.59	55.44	36.69
EBT Excl. Non-Recurring Items Margin %	40.24	37.49	45.73	44.99	41.41
Income From Continuing Operations Margin %	32.77	29.42	35.6	35.58	34.12
Net Income Margin %	31.84	28.82	35.6	35.59	34.14
Net Avail. For Common Margin %	30.2	27.16	34.22	34.47	32.7
Normalized Net Income Margin	24.22	22.84	28.58	28.13	25.9
Asset quality
Nonperforming Loans / Total Loans %	0.47	0.51	0.37	0.4	0.47
Nonperforming Loans / Total Assets %	0.24	0.25	0.19	0.2	0.24
Nonperforming Assets / Total Assets %	0.24	0.25	0.19	0.2	0.24
NPAs / Loans and OREO	0.47	0.51	0.37	0.4	0.47
NPAs / Equity	4.52	4.99	3.51	3.73	4.32
Allowance for Credit Losses / Net Charge-offs %	226.76	463.2	674.32	494.82	778.95
Allowance for Credit Losses / Nonperforming Loans %	99.12	141.74	150.76	117.61	115.62
Allowance for Credit Losses / Total Loans %	0.46	0.73	0.56	0.47	0.54
Net Charge-offs / Total Average Loans %	0.21	0.16	0.09	0.11	0.08
Provision for Loan Losses / Net Charge-offs %	116.05	338.4	1.35	75.13	261.18
Earning Assets / IBL	113.19	109.38	106.69	102.52	102.93
Interest Income / Average Assets	2.86	2.38	1.92	2.42	3.9
Interest Expense / Average Assets	1.6	1.04	0.61	1.09	3.06
Net Interest Income / Average Assets	1.26	1.34	1.32	1.34