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- However, 83 per cent of Canadians carrying some form of debt, up from 74 per cent in 2012

- The majority expects to be debt free in the next five years, while 18 per cent expect it will take 12 months

Financial Results Highlights:

First Quarter 2013 Compared with First Quarter 2012:

- Net income of $1,048 million, down 5%; adjusted net income(1) of $1,041 million, up 7%

- EPS(2) of $1.53, down 6%; adjusted EPS(1), (2) of $1.52, up 7%

- ROE of 14.9%, compared with 17.2%; adjusted ROE(1) of 14.8%, compared with 15.0%

- Provisions for credit losses of $178 million, compared with $141 million; adjusted provisions for credit losses(1) of $96 million, compared with $91 million

- Basel III Common Equity Ratio is strong at 9.4%

- Dividend Increased by $0.02 or 3% to $0.74 per Common Share

- Award-winning mutual fund business grew by 19.4 percent in 2012

- Global reach, regional expertise and boutique-style approach favored by individual and institutional clients

- Six new innovative funds launched to help U.S. investors help diversify their portfolios and achieve financial goals

- The ETF business has experienced double-digit growth since June 2012 and recently surpassed $7 billion in assets under management

- Three innovative BMO ETFs capturing the attention of Canadian investors

- Investor interest expected to remain solid into 2013

- Momentum in Canada's largest business centres continues to build

Historic Performance Driven by Double-digit Revenue and Double-digit Earnings Growth Across Operating Groups

- Assets under management have grown more than 30 per cent in first two months of 2012

- BMO ETFs led Canadian ETF industry in growth in 2011; ranked #1 in customer loyalty

- BMO ETFs growth being driven by fixed income, strategic non-indexed and yield-oriented equity ETF offerings

- BMO ETF Report: new product offerings, innovation and price competition will drive industry growth in 2012

- BMO accounted for almost half of all Canadian ETF growth in 2011

- BMO ETFs also ranked #1 in customer loyalty

- Success attributed to products that responded to investor needs during volatile times

- Key drivers included income focused and low volatility ETFs

Key fiscal 2011 financial results and measures under IFRS, compared with amounts previously reported for fiscal 2011 under Canadian generally accepted accounting principles

- Reported net income of $3,114 million, compared with $3,266 million

- Adjusted net income(1) of $3,275 million, compared with $3,281 million

- Reported diluted EPS of $4.84, compared with $5.26

- Adjusted diluted EPS(1) of $5.10, compared with $5.29

- Reported ROE of 15.1%, compared with 15.3%

- Adjusted ROE(1) of 16.0%, compared with 15.3%

- Low management fees range from 0.15% to 0.65%

- BMO offers 40 ETFs with exposure to commodities, equities and fixed income

- BMO's ETF business has grown to $3 billion in less than two and a half years

BMO Harris Bank is open for business and commits an additional US$5 billion to business customers

Details:

Wednesday, July 6th at 10:00 a.m. - 10:30 a.m. Eastern Daylight Time

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BMO Harris Bank is open for business and commits an additional US$5 billion to business customers