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