Bank of Montreal (BMO)

Bank of Montreal Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	31,199	33,710	27,186	25,186	25,483
Revenue Growth (YoY)	-7.45%	24.00%	7.94%	-1.17%	11.26%
Gross Profit	31,199	33,710	27,186	25,186	25,483
Selling, General & Admin	18,355	13,735	12,722	12,085	12,524
Other Operating Expenses	4,803	1,776	4,206	6,753	5,687
Operating Expenses	23,158	15,511	16,928	18,838	18,211
Operating Income	8,041	18,199	10,258	6,348	7,272
Other Expense / Income	2,190	313	-	-	-
Pretax Income	5,851	17,886	10,258	6,348	7,272
Income Tax	1,486	4,349	2,504	1,251	1,514
Net Income	4,365	13,537	7,754	5,097	5,758
Net Income Growth	-67.76%	74.58%	52.13%	-11.48%	5.59%
Shares Outstanding (Basic)	717	674	648	639	648
Shares Change	6.27%	4.05%	1.39%	-1.33%	-
EPS (Basic)	5.69	20.04	11.60	7.56	8.68
EPS (Diluted)	5.68	19.99	11.58	7.55	8.66
EPS Growth	-71.59%	72.63%	53.38%	-12.82%	6.00%
Free Cash Flow	7,914	3,509	43,066	49,804	28,175
Free Cash Flow Per Share	11.04	5.20	66.45	77.91	43.49
Dividend Per Share	4.295	4.185	3.396	4.768	3.563
Dividend Growth	2.63%	23.23%	-28.78%	33.82%	21.07%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	25.77%	53.99%	37.73%	25.20%	28.54%
Profit Margin	13.99%	40.16%	28.52%	20.24%	22.60%
Free Cash Flow Margin	25.37%	10.41%	158.41%	197.74%	110.56%
Effective Tax Rate	25.40%	24.32%	24.41%	19.71%	20.82%
EBITDA	7,950	19,366	11,823	7,966	8,477
EBITDA Margin	25.48%	57.45%	43.49%	31.63%	33.27%
Depreciation & Amortization	2,099	1,480	1,565	1,618	1,205
EBIT	5,851	17,886	10,258	6,348	7,272
EBIT Margin	18.75%	53.06%	37.73%	25.20%	28.54%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).