Bank of Montreal (BMO)

Bank of Montreal Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Interest Income on Loans	39,439	40,069	34,310	20,464	15,727	17,945
Interest Income on Investments	25,444	25,916	21,264	6,433	4,160	5,370
Total Interest Income	64,883	65,985	55,574	26,897	19,887	23,315
Interest Paid on Deposits	31,168	34,580	26,547	6,711	3,220	6,239
Interest Paid on Borrowings	12,286	11,937	10,346	4,301	2,357	3,105
Total Interest Expense	43,454	46,517	36,893	11,012	5,577	9,344
Net Interest Income	21,429	19,468	18,681	15,885	14,310	13,971
Net Interest Income Growth (YoY)	12.96%	4.21%	17.60%	11.01%	2.43%	8.40%
Trust Income	2,263	2,056	1,851	1,770	1,982	1,807
Income From Trading Activities	2,723	2,377	-216	8,250	296	15
Gain (Loss) on Sale of Assets	-	-	-	-8	-78	-
Gain (Loss) on Sale of Investments	230	200	180	281	591	124
Gain (Loss) on Sale of Equity Investments	142	207	185	274	248	161
Other Non-Interest Income	7,338	6,861	7,061	5,924	8,487	7,887
Total Non-Interest Income	14,461	13,327	10,578	17,809	12,769	11,215
Non-Interest Income Growth (YoY)	9.67%	25.99%	-40.60%	39.47%	13.86%	-10.96%
Revenues Before Loan Losses	35,890	32,795	29,259	33,694	27,079	25,186
Provision for Loan Losses	4,385	3,761	2,178	313	20	2,953
Revenue	31,505	29,034	27,081	33,381	27,059	22,233
Revenue Growth (YoY)	6.89%	7.21%	-18.87%	23.36%	21.71%	-9.66%
Salaries and Employee Benefits	10,491	9,629	10,863	8,035	6,753	7,567
Occupancy Expenses	4,315	4,117	4,870	3,635	3,396	2,931
Amortization of Goodwill & Intangibles	1,142	1,112	1,008	604	634	620
Selling, General & Administrative	3,375	3,372	2,911	2,343	2,837	1,836
Other Non-Interest Expense	655	1,269	1,482	878	2,402	2,918
Total Non-Interest Expense	19,978	19,499	21,134	15,495	16,022	15,872
EBT Excluding Unusual Items	11,527	9,535	5,947	17,886	11,037	6,361
Asset Writedown	-	-	-	-	-	-4
Pretax Income	11,527	9,535	5,947	17,886	10,258	6,348
Income Tax Expense	2,793	2,208	1,510	4,349	2,504	1,251
Earnings From Continuing Operations	8,734	7,327	4,437	13,537	7,754	5,097
Minority Interest in Earnings	-12	-9	-12	-	-	-
Net Income	8,722	7,318	4,425	13,537	7,754	5,097
Preferred Dividends & Other Adjustments	425	386	331	231	244	247
Net Income to Common	8,297	6,932	4,094	13,306	7,510	4,850
Net Income Growth	29.79%	65.38%	-67.31%	74.58%	52.13%	-11.48%
Basic Shares Outstanding	726	728	709	664	647	641
Diluted Shares Outstanding	727	729	711	666	649	642
Shares Change (YoY)	0.13%	2.54%	6.73%	2.63%	1.02%	0.28%
EPS (Basic)	11.43	9.53	5.77	20.04	11.60	7.56
EPS (Diluted)	11.41	9.51	5.76	19.99	11.58	7.55
EPS Growth	30.29%	65.10%	-71.19%	72.63%	53.38%	-12.82%
Dividend Per Share	6.360	6.120	5.800	5.440	4.240	4.240
Dividend Growth	5.30%	5.52%	6.62%	28.30%	-	4.43%
Effective Tax Rate	24.23%	23.16%	25.39%	24.32%	24.41%	19.71%

Updated Aug 26, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q