Canadian Historical Income Statement

CWB Stock

CAD 57.88 0.97 1.65%

Historical analysis of Canadian Western income statement accounts such as Interest Expense of 1.9 B, Selling General Administrative of 467.2 M or Total Revenue of 1.4 B can show how well Canadian Western Bank performed in making a profits. Evaluating Canadian Western income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Canadian Western's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Canadian Western Bank latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Canadian Western Bank is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Western Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Canadian Income Statement Analysis

Canadian Western Bank Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Canadian Western shareholders. The income statement also shows Canadian investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Canadian Western Income Statement Chart

At this time, Canadian Western's Total Operating Expenses is very stable compared to the past year. As of the 31st of January 2025, Income Before Tax is likely to grow to about 483.9 M, while Operating Income is likely to drop about 460.7 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts Canadian Western Bank generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Canadian Western Bank minus its cost of goods sold. It is profit before Canadian Western operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Canadian Western Bank. It is also known as Canadian Western overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Canadian Western's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Canadian Western Bank current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Western Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2022	2024	2025 (projected)
Interest Expense	1.4B	1.8B	1.9B
Depreciation And Amortization	62.2M	71.5M	75.1M

Interest Expense Depreciation And Amortization

Canadian Western income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling And Marketing Expenses	Discontinued Operations	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.77	0.95	0.93	0.94	0.72	0.24	0.47	0.56	0.46	0.87	0.12	0.62	0.9	0.66	0.57	0.87	0.87	0.89	0.75	0.92
Interest Expense	0.77		0.87	0.86	0.83	0.94	-0.08	0.36	0.41	0.84	0.66	0.09	0.33	0.81	0.47	0.38	0.63	0.67	0.82	0.87	0.72
Selling General Administrative	0.95	0.87		1.0	0.99	0.83	0.19	0.5	0.57	0.57	0.93	0.11	0.65	0.98	0.67	0.61	0.81	0.85	0.88	0.79	0.82
Total Revenue	0.93	0.86	1.0		1.0	0.81	0.21	0.5	0.57	0.53	0.93	0.1	0.65	0.99	0.68	0.61	0.79	0.83	0.87	0.77	0.79
Gross Profit	0.94	0.83	0.99	1.0		0.78	0.24	0.51	0.58	0.49	0.95	0.11	0.68	0.99	0.7	0.63	0.8	0.84	0.86	0.75	0.79
Other Operating Expenses	0.72	0.94	0.83	0.81	0.78		-0.33	0.33	0.38	0.72	0.64	0.14	0.34	0.77	0.51	0.38	0.68	0.73	0.81	0.85	0.68
Operating Income	0.24	-0.08	0.19	0.21	0.24	-0.33		0.22	0.26	-0.02	0.33	-0.07	0.48	0.23	0.05	0.31	0.05	0.03	0.03	-0.06	0.14
Ebit	0.47	0.36	0.5	0.5	0.51	0.33	0.22		0.99	0.22	0.59	-0.46	0.57	0.53	0.3	0.11	0.49	0.46	0.48	0.47	0.47
Ebitda	0.56	0.41	0.57	0.57	0.58	0.38	0.26	0.99		0.24	0.65	-0.39	0.64	0.6	0.37	0.21	0.58	0.54	0.57	0.54	0.57
Total Operating Expenses	0.46	0.84	0.57	0.53	0.49	0.72	-0.02	0.22	0.24		0.31	0.0	0.1	0.46	0.02	0.1	0.33	0.34	0.53	0.72	0.51
Income Before Tax	0.87	0.66	0.93	0.93	0.95	0.64	0.33	0.59	0.65	0.31		0.06	0.8	0.97	0.73	0.61	0.81	0.84	0.77	0.62	0.69
Total Other Income Expense Net	0.12	0.09	0.11	0.1	0.11	0.14	-0.07	-0.46	-0.39	0.0	0.06		0.09	0.1	0.24	0.36	0.18	0.21	0.19	0.13	0.14
Net Income	0.62	0.33	0.65	0.65	0.68	0.34	0.48	0.57	0.64	0.1	0.8	0.09		0.71	0.62	0.71	0.66	0.66	0.62	0.52	0.56
Income Tax Expense	0.9	0.81	0.98	0.99	0.99	0.77	0.23	0.53	0.6	0.46	0.97	0.1	0.71		0.72	0.62	0.8	0.84	0.84	0.73	0.73
Selling And Marketing Expenses	0.66	0.47	0.67	0.68	0.7	0.51	0.05	0.3	0.37	0.02	0.73	0.24	0.62	0.72		0.63	0.78	0.81	0.72	0.54	0.56
Discontinued Operations	0.57	0.38	0.61	0.61	0.63	0.38	0.31	0.11	0.21	0.1	0.61	0.36	0.71	0.62	0.63		0.53	0.61	0.63	0.51	0.47
Net Income From Continuing Ops	0.87	0.63	0.81	0.79	0.8	0.68	0.05	0.49	0.58	0.33	0.81	0.18	0.66	0.8	0.78	0.53		0.99	0.9	0.74	0.84
Tax Provision	0.87	0.67	0.85	0.83	0.84	0.73	0.03	0.46	0.54	0.34	0.84	0.21	0.66	0.84	0.81	0.61	0.99		0.92	0.76	0.81
Net Interest Income	0.89	0.82	0.88	0.87	0.86	0.81	0.03	0.48	0.57	0.53	0.77	0.19	0.62	0.84	0.72	0.63	0.9	0.92		0.93	0.92
Interest Income	0.75	0.87	0.79	0.77	0.75	0.85	-0.06	0.47	0.54	0.72	0.62	0.13	0.52	0.73	0.54	0.51	0.74	0.76	0.93		0.83
Reconciled Depreciation	0.92	0.72	0.82	0.79	0.79	0.68	0.14	0.47	0.57	0.51	0.69	0.14	0.56	0.73	0.56	0.47	0.84	0.81	0.92	0.83

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Canadian Western Account Relationship Matchups

Canadian Western income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	50.4M	58.3M	80.8M	62.2M	71.5M	75.1M
Interest Expense	425.6M	621.9M	1.4B	1.6B	1.8B	1.9B
Selling General Administrative	330.8M	353.9M	394.9M	386.9M	445.0M	467.2M
Total Revenue	1.0B	1.1B	1.1B	1.2B	1.4B	1.4B
Gross Profit	897.4M	1.0B	1.1B	1.1B	1.3B	1.3B
Other Operating Expenses	529.8M	536.1M	5.8M	1.1B	1.3B	1.3B
Operating Income	367.6M	480.0M	1.1B	492.4M	566.3M	460.7M
Ebit	368.6M	480.3M	448.5M	474.7M	545.8M	343.4M
Ebitda	419.0M	538.6M	529.4M	536.8M	617.4M	364.7M
Total Operating Expenses	(529.8M)	(536.1M)	(5.8M)	1.1B	1.0B	1.1B
Income Before Tax	480.3M	448.5M	474.7M	400.7M	460.8M	483.9M
Total Other Income Expense Net	(2.4M)	(1.8M)	(17.2M)	(17.7M)	(20.4M)	(21.4M)
Net Income	357.0M	336.9M	350.6M	296.5M	340.9M	171.9M
Income Tax Expense	97.0M	123.0M	111.6M	124.0M	142.6M	149.7M
Selling And Marketing Expenses	9.2M	10.3M	10.4M	9.1M	10.5M	9.5M
Net Income From Continuing Ops	357.3M	336.9M	350.6M	296.5M	340.9M	301.7M
Net Income Applicable To Common Shares	266.9M	249.0M	327.5M	310.3M	356.8M	285.2M
Tax Provision	123.0M	111.6M	124.0M	104.3M	119.9M	107.9M
Net Interest Income	892.4M	940.0M	981.3M	1.0B	1.2B	873.0M
Interest Income	1.3B	1.6B	2.4B	2.7B	3.0B	1.6B
Reconciled Depreciation	58.3M	80.8M	62.2M	71.0M	81.7M	57.2M

Pair Trading with Canadian Western

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Western position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Western will appreciate offsetting losses from the drop in the long position's value.

Moving against Canadian Stock

0.36	TRI	Thomson Reuters Corp Earnings Call This Week	Pair Corr
0.36	WN	George Weston Limited	Pair Corr
0.33	IFC	Intact Financial	Pair Corr

The ability to find closely correlated positions to Canadian Western could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Western when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Western - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Western Bank to buy it.

The correlation of Canadian Western is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Western moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Western Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Canadian Western can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Canadian Stock

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Canadian Historical Income Statement

About Canadian Income Statement Analysis

Canadian Western Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Canadian Western income statement Correlations

Canadian Western Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Western income statement Accounts

Pair Trading with Canadian Western

Moving against Canadian Stock

Other Information on Investing in Canadian Stock

COMMON DESTINATIONS

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COMPANY

Total Revenue	+ 1.0	Selling General Administrative
Gross Profit	+ 1.0	Total Revenue
Gross Profit	+ 0.99	Selling General Administrative
Income Tax Expense	+ 0.99	Total Revenue
Income Tax Expense	+ 0.99	Gross Profit
Ebitda	+ 0.99	Ebit

Total Other Income Expense Net	- 0.46	Ebit
Total Other Income Expense Net	- 0.39	Ebitda
Operating Income	- 0.33	Other Operating Expenses
Operating Income	- 0.08	Interest Expense
Total Other Income Expense Net	- 0.07	Operating Income
Interest Income	- 0.06	Operating Income