News Releases

- One third of parents with children aged 18-34 would save less for retirement than planned to support their children

- Forty-one per cent are concerned their adult children have or will have financial problems caused by debt

- Half said their own parents provided them with little or no financial support when they were young adults themselves

- 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%

- Food to be donated to United Way Toronto and York Region member agencies

- During the event, BMO Capital Markets will be collecting cash donations and food for United Way