Bank of Montreal (BMO)

Bank of Montreal Income Statement

Financials in millions CAD. Fiscal year is November - October.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jul 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Interest Income on Loans	45,386	40,169	20,464	15,727	17,945	19,824
Interest Income on Investments	19,335	15,405	6,433	4,160	5,370	6,328
Total Interest Income	64,721	55,574	26,897	19,887	23,315	26,152
Interest Paid on Deposits	33,712	26,547	6,711	3,220	6,239	8,616
Interest Paid on Borrowings	12,038	10,346	4,301	2,357	3,105	4,648
Total Interest Expense	45,750	36,893	11,012	5,577	9,344	13,264
Net Interest Income	18,971	18,681	15,885	14,310	13,971	12,888
Net Interest Income Growth (YoY)	8.36%	17.60%	11.01%	2.43%	8.40%	12.68%
Trust Income	1,985	1,851	1,770	1,982	1,807	1,747
Income From Trading Activities	2,008	-216	8,250	296	15	298
Gain (Loss) on Sale of Assets	-	-	-8	-78	-	-
Gain (Loss) on Sale of Investments	178	181	281	591	124	249
Gain (Loss) on Sale of Equity Investments	209	185	274	248	161	151
Other Non-Interest Income	9,138	9,000	5,924	8,487	7,887	8,946
Total Non-Interest Income	15,126	12,518	17,809	12,769	11,215	12,595
Non-Interest Income Growth (YoY)	8.14%	-29.71%	39.47%	13.86%	-10.96%	9.84%
Revenues Before Loan Losses	34,097	31,199	33,694	27,079	25,186	25,483
Provision for Loan Losses	2,684	2,178	313	20	2,953	872
Revenue	31,413	29,021	33,381	27,059	22,233	24,611
Revenue Growth (YoY)	6.35%	-13.06%	23.36%	21.71%	-9.66%	10.65%
Salaries and Employee Benefits	10,531	10,918	8,035	6,753	7,567	7,278
Occupancy Expenses	4,508	4,879	3,635	3,396	2,931	2,310
Amortization of Goodwill & Intangibles	1,123	1,015	604	634	620	554
Selling, General & Administrative	2,833	2,926	2,343	2,837	1,836	2,699
Other Non-Interest Expense	3,780	3,420	878	2,402	2,918	4,002
Total Non-Interest Expense	22,775	23,158	15,495	16,022	15,872	16,843
EBT Excluding Unusual Items	8,638	5,863	17,886	11,037	6,361	7,768
Asset Writedown	-	-	-	-	-4	-
Pretax Income	8,638	5,863	17,886	10,258	6,348	7,272
Income Tax Expense	1,965	1,486	4,349	2,504	1,251	1,514
Earnings From Continuing Operations	6,673	4,377	13,537	7,754	5,097	5,758
Minority Interest in Earnings	-13	-12	-	-	-	-
Net Income	6,660	4,365	13,537	7,754	5,097	5,758
Preferred Dividends & Other Adjustments	359	331	231	244	247	211
Net Income to Common	6,301	4,034	13,306	7,510	4,850	5,547
Net Income Growth	-7.56%	-67.76%	74.58%	52.13%	-11.48%	5.59%
Basic Shares Outstanding	725	709	664	647	641	639
Diluted Shares Outstanding	726	711	666	649	642	640
Shares Change (YoY)	3.74%	6.73%	2.63%	1.02%	0.28%	-0.71%
EPS (Basic)	8.69	5.69	20.04	11.60	7.56	8.68
EPS (Diluted)	8.68	5.68	19.99	11.58	7.55	8.66
EPS Growth	-12.30%	-71.59%	72.63%	53.38%	-12.82%	6.00%
Dividend Per Share	6.040	5.800	5.440	4.240	4.240	4.060
Dividend Growth	5.59%	6.62%	28.30%	0%	4.43%	7.41%
Effective Tax Rate	22.75%	25.35%	24.32%	24.41%	19.71%	20.82%

Source: S&P Capital IQ. Banks template. Financial Sources.