News Releases

Financial Results Highlights:

Fourth Quarter 2016 Compared with Fourth Quarter 2015:

- Net income of $1,345 million, up 11%; adjusted net income(1) of $1,395 million, up 10%

- EPS(2) of $2.02, up 10%; adjusted EPS(1,2) of $2.10, up 11%

- ROE of 13.8%, compared with 12.9%; adjusted ROE(1) of 14.4%, compared with 13.5%

- Provisions for credit losses of $174 million, compared with $128 million

- Common Equity Tier 1 Ratio of 10.1%

- Dividend increased by $0.02 from the preceding quarter to $0.88

Fiscal 2016 Compared with Fiscal 2015:

- Net income of $4,631 million, up 5%; adjusted net income(1) of $5,020 million, up 7%

- EPS(2) of $6.92, up 5%; adjusted EPS(1,2) of $7.52, up 7%

- ROE of 12.1%, compared with 12.5%; adjusted ROE(1) of 13.1%, compared with 13.3%

- Provisions for credit losses of $815 million, compared with $612 million

- Annual dividends paid per share of $3.36 compared to $3.20, an increase of $0.16 or 5%

Effective November 1, 2016:

- Frank Techar is appointed Vice-Chair, BMO Financial Group

- Darryl White is appointed Chief Operating Officer, BMO Financial Group

- Patrick Cronin is appointed Group Head, BMO Capital Markets

- Gilles Ouellette is appointed Group Head, BMO Asset Management

- Joanna Rotenberg is appointed Group Head, BMO Wealth Management

Financial Results Highlights:

Third Quarter 2016 Compared with Third Quarter 2015:

- Net income of $1,245 million, up 4%; adjusted net income(1) of $1,295 million, up 5%

- EPS(2) of $1.86, up 3%; adjusted EPS(1, 2) of $1.94, up 4%

- ROE of 13.0%, compared with 13.6%; adjusted ROE(1) of 13.5%, compared with 14.0%

- Provisions for credit losses of $257 million, compared with $160 million

- Basel III Common Equity Tier 1 Ratio of 10.5%

Year-to-Date 2016 Compared with Year-to-Date 2015:

- Net income of $3,286 million, up 3%; adjusted net income(1) of $3,625 million, up 6%

- EPS(2) of $4.90, up 3%; adjusted EPS(1, 2) of $5.42, up 6%

- ROE of 11.4%, compared with 12.3%; adjusted ROE(1) of 12.6%, compared with 13.2%

- Provisions for credit losses of $641 million, compared with $484 million

Financial Results Highlights:

Second Quarter 2016 Compared with Second Quarter 2015:

- Net income of $973 million, down 3%; adjusted net income(1) of $1,152 million, up 1%

- EPS(2) of $1.45, down 3%; adjusted EPS(1,2) of $1.73, up 1%

- ROE of 10.1%, compared with 11.4%; adjusted ROE(1) of 12.1%, compared with 13.2%

- Provisions for credit losses of $201 million, compared with $161 million

- Basel III Common Equity Tier 1 Ratio of 10.0%

- Dividend increased by $0.02 or 2% from the preceding quarter to $0.86

Year-to-Date 2016 Compared with Year-to-Date 2015:

- Net income of $2,041 million, up 2%; adjusted net income(1) of $2,330 million, up 7%

- EPS(2) of $3.03, up 3%; adjusted EPS(1,2) of $3.48, up 7%

- ROE of 10.5%, compared with 11.6%; adjusted ROE(1) of 12.1%, compared with 12.8%

- Provisions for credit losses of $384 million, compared with $324 million

Financial Results Highlights:

First Quarter 2016 Compared with First Quarter 2015:

- Net income of $1,068 million, up 7%; adjusted net income(1) of $1,178 million, up 13%

- EPS(2) of $1.58, up 8%; adjusted EPS(1, 2) of $1.75, up 14%

- ROE of 10.9%, compared with 11.8%; adjusted ROE(1) of 12.1%, compared with 12.3%

- Provisions for credit losses of $183 million, compared with $163 million

- Basel III Common Equity Tier 1 Ratio of 10.1%

- Acquisition is aligned with BMO's strategy, builds on BMO's core strength in commercial banking and is accretive to earnings

Financial Results Highlights:

Fourth Quarter 2015 Compared with Fourth Quarter 2014:

- Net income of $1,214 million, up 13%; adjusted net income(1) of $1,264 million, up 14%

- EPS(2) of $1.83, up 17%; adjusted EPS(1,2) of $1.90, up 17%

- ROE of 12.9%, compared with 13.1%; adjusted ROE(1) of 13.5%, compared with 13.7%

- Provisions for credit losses of $128 million, compared with $170 million

- Basel III Common Equity Tier 1 Ratio of 10.7%

- Dividend increased by $0.02 from the preceding quarter to $0.84

Fiscal 2015 Compared with Fiscal 2014:

- Net income of $4,405 million, up 2%; adjusted net income(1) of $4,681 million, up 5%

- EPS(2) of $6.57, up 2%; adjusted EPS(1,2) of $7.00, up 6%

- ROE of 12.5%, compared with 14.0%; adjusted ROE1 of 13.3%, compared with 14.4%

- Book value per share of $56.31, up 17%

- Provisions for credit losses of $612 million, compared with $561 million

- Dividend increased by $0.04 or 5%

Financial Results Highlights:

Third Quarter 2015 Compared with Third Quarter 2014:

- Net income of $1,192 million, up 6%; adjusted net income(1) of $1,230 million, up 6%

- EPS(2) of $1.80, up 8%; adjusted EPS(1,2) of $1.86, up 8%

- ROE of 13.6%, compared with 14.4%; adjusted ROE(1) of 14.0%, compared with 14.9%

- Provisions for credit losses of $160 million, compared with $130 million

- Basel III Common Equity Tier 1 Ratio of 10.4%

Year-to-Date 2015 Compared with Year-to-Date 2014:

- Net income of $3,191 million, down 2%; adjusted net income(1) of $3,417 million, up 2%

- EPS(2) of $4.75, down 2%; adjusted EPS(1,2) of $5.10, up 3%

- ROE of 12.3%, compared with 14.3%; adjusted ROE(1) of 13.2%, compared with 14.7%

- Provisions for credit losses of $484 million, compared with $391 million

Financial Results Highlights:

Second Quarter 2015 Compared with Second Quarter 2014:

- Net income of $1 billion, down 7%; adjusted net income(1) of $1,146 million, up 5%

- EPS(2) of $1.49, down 7%; adjusted EPS(1,2) of $1.71, up 5%

- ROE of 11.4%, compared with 14.3%; adjusted ROE(1) of 13.2%, compared with 14.6%

- Provisions for credit losses of $161 million, compared with $162 million

- Basel III Common Equity Tier 1 Ratio of 10.2%

- Dividend increased by $0.02 or 2% from the preceding quarter to $0.82

Year-to-Date 2015 Compared with Year-to-Date 2014:

- Net income of $1,999 million, down 6%; adjusted net income(1) of $2,187 million, unchanged

- EPS(2) of $2.95, down 7%; adjusted EPS(1,2) of $3.24, unchanged

- ROE of 11.6%, compared with 14.3%; adjusted ROE(1) of 12.8%, compared with 14.6%

- Provisions for credit losses of $324 million, compared with $261 million

Financial Results Highlights:

First Quarter 2015 Compared with First Quarter 2014:

- Net income of $1.0 billion, down 6%; adjusted net income(1) of $1,041 million, down 4%

- EPS(2) of $1.46, down 8%; adjusted EPS(1,2) of $1.53, down 5%

- ROE of 11.8%, compared with 14.2%; adjusted ROE(1) of 12.3%, compared with 14.5%

- Provisions for credit losses of $163 million, compared with $99 million

- Basel III Common Equity Tier 1 Ratio of 10.1%

- Excellent strategic, financial and cultural fit

- Bolsters BMO Global Asset Management's scale, product set and distribution capabilities

Financial Results Highlights:

First Quarter 2014 Compared with First Quarter 2013:

- Net income of $1,061 million, up 2%; adjusted net income(1) of $1,083 million, up 5%

- EPS(2) of $1.58, up 5%; adjusted EPS(1,2) of $1.61, up 7%

- ROE of 14.2%, compared with 14.9%; adjusted ROE(1) of 14.5%, compared with 14.8%

- Provisions for credit losses of $99 million, compared with $178 million; adjusted provisions for credit losses(1) of $99 million, compared with $96 million

- Basel III Common Equity Ratio is 9.3%

Excellent strategic, financial and cultural fit