National Bank of Canada

TSX:NA Stock Report

Market Cap: CA$46.0b

National Bank of Canada Past Earnings Performance

Past criteria checks 5/6

National Bank of Canada has been growing earnings at an average annual rate of 11.4%, while the Banks industry saw earnings growing at 5.5% annually. Revenues have been growing at an average rate of 8.7% per year. National Bank of Canada's return on equity is 14.9%, and it has net margins of 33.8%.

Key information

11.4%

Earnings growth rate

11.2%

EPS growth rate

Banks Industry Growth6.2%
Revenue growth rate8.7%
Return on equity14.9%
Net Margin33.8%
Next Earnings Update26 Feb 2025

Recent past performance updates

Recent updates

National Bank of Canada (TSE:NA) Is Increasing Its Dividend To CA$1.14

Dec 21
National Bank of Canada (TSE:NA) Is Increasing Its Dividend To CA$1.14

National Bank of Canada's (TSE:NA) Upcoming Dividend Will Be Larger Than Last Year's

Jun 13
National Bank of Canada's (TSE:NA) Upcoming Dividend Will Be Larger Than Last Year's

Revenue & Expenses Breakdown

How National Bank of Canada makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:NA Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Oct 2410,8313,6635,5090
31 Jul 2410,6063,5105,4320
30 Apr 2410,1383,3125,2820
31 Jan 249,8873,2405,1830
31 Oct 239,6613,1505,0920
31 Jul 239,4633,1424,9880
30 Apr 239,4403,1474,9420
31 Jan 239,5153,2144,8920
31 Oct 229,5073,2774,8170
31 Jul 229,5123,2824,7780
30 Apr 229,4533,2904,6950
31 Jan 229,2503,1934,6090
31 Oct 218,9253,0174,4870
31 Jul 218,5632,7634,3350
30 Apr 218,0912,5154,1870
31 Jan 217,3902,0864,1010
31 Oct 207,0811,9233,9920
31 Jul 207,0172,0253,8650
30 Apr 207,0542,0273,9330
31 Jan 207,2082,1983,8310
31 Oct 197,0852,1403,7780
31 Jul 197,0002,0973,7870
30 Apr 196,8542,0563,6480
31 Jan 196,8312,0423,6200
31 Oct 186,8392,0403,6290
31 Jul 186,7322,0013,6020
30 Apr 186,6331,9553,5760
31 Jan 186,5111,9013,5370
01 Nov 176,3651,8553,4770
31 Jul 176,2411,6423,4870
30 Apr 176,1361,6133,4450
31 Jan 175,7031,3483,3780
31 Oct 165,3561,1173,3240
31 Jul 165,1901,1683,2030
30 Apr 165,1321,1473,1820
31 Jan 165,3881,3473,2380
31 Oct 155,5181,5043,2190
31 Jul 155,4811,4893,2740
30 Apr 155,4381,4763,2550
31 Jan 155,2991,4343,1330
31 Oct 145,2561,4293,0790
31 Jul 145,1521,4232,9370
30 Apr 144,9781,3882,8680
31 Jan 145,0831,4452,9120

Quality Earnings: NA has high quality earnings.

Growing Profit Margin: NA's current net profit margins (33.8%) are higher than last year (32.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NA's earnings have grown by 11.4% per year over the past 5 years.

Accelerating Growth: NA's earnings growth over the past year (16.3%) exceeds its 5-year average (11.4% per year).

Earnings vs Industry: NA earnings growth over the past year (16.3%) exceeded the Banks industry 7.2%.

Return on Equity

High ROE: NA's Return on Equity (14.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:27
End of Day Share Price 2024/12/20 00:00
Earnings2024/10/31
Annual Earnings2024/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

National Bank of Canada is covered by 25 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John AikenBarclays
Brian MortonBarclays
Sohrab MovahediBMO Capital Markets Equity Research