Bank of Montreal Website

Bank of Montreal

TSX-BMO

Income Statement
Oct '14
Oct '15
Oct '16
Oct '17
Oct '18
Oct '19
Oct '20
Oct '21
Oct '22
Oct '23
LTM

Interest Income On Loans

19,824

17,945

15,727

20,464

40,169

45,386

Interest Income On Investments

6,328

5,370

4,160

6,433

15,405

19,335

Interest Income, Total

26,152

23,315

19,887

26,897

55,574

64,721

Interest On Deposits

8,616

6,239

3,220

6,711

26,547

33,712

Total Interest On Borrowings

4,648

3,105

2,357

4,301

10,346

12,038

Interest Expense, Total

13,264

9,344

5,577

11,012

36,893

45,750

Net Interest Income

12,888

13,971

14,310

15,885

18,681

18,971

Service Charges On Deposits

1,204

1,221

1,243

1,318

1,517

1,608

Trust Income

1,747

1,807

1,982

1,770

1,851

1,985

Income From Trading Activities

298

15

296

8,250

-216

2,008

Gain (Loss) on Sale of Assets

—

—

—

—

—

—

—

-78

-8

—

—

Gain (Loss) on Sale of Invest. & Securities

249

124

591

281

181

178

Income (Loss) on Equity Invest.

151

161

248

274

185

209

Total Other Non Interest Income

8,946

7,887

8,487

5,924

9,000

9,138

Non Interest Income, Total

12,595

11,215

12,769

17,809

12,518

15,126

Revenues Before Provison For Loan Losses

25,483

25,186

27,079

33,694

31,199

34,097

Provision For Loan Losses

872

2,953

20

313

2,178

2,684

Total Revenues

24,611

22,233

27,059

33,381

29,021

31,413

Total Revenues % Chg.

10.6%

-9.7%

21.7%

23.4%

-13.1%

6.4%

Salaries And Other Employee Benefits

7,278

7,567

6,753

8,035

10,918

10,531

Amort. of Goodwill & Intang. Assets

554

620

634

604

1,015

1,123

Occupancy Expense

2,310

2,931

3,396

3,635

4,879

4,508

Selling General & Admin Expenses, Total

2,699

1,836

2,837

2,343

2,926

2,833

Total Other Non Interest Expense

4,002

2,918

2,402

878

3,420

3,780

Non Interest Expense, Total

16,843

15,872

16,022

15,495

23,158

22,775

EBT, Excl. Unusual Items

7,768

6,361

11,037

17,886

5,863

8,638

Restructuring Charges

—

—

—

—

—

-483

—

—

—

—

—

Total Merger & Related Restructuring Charges

—

—

—

—

—

-13

-9

—

—

—

—

Impairment of Goodwill

—

—

—

—

—

—

—

-779

—

—

—

Asset Writedown

—

—

—

—

—

—

-4

—

—

—

—

EBT, Incl. Unusual Items

7,272

6,348

10,258

17,886

5,863

8,638

Income Tax Expense

1,514

1,251

2,504

4,349

1,486

1,965

Earnings From Continuing Operations

5,758

5,097

7,754

13,537

4,377

6,673

Minority Interest

—

—

—

—

—

-12

-13

Net Income

5,758

5,097

7,754

13,537

4,365

6,660

Preferred Dividend and Other Adjustments

211

247

244

231

331

359

Net Income to Common Incl Extra Items

5,547

4,850

7,510

13,306

4,034

6,301

Net Income to Common Excl. Extra Items

5,547

4,850

7,510

13,306

4,034

6,301

Total Shares Outstanding

639.2

645.9

648.1

677.1

720.9

729.4

Weighted Avg. Shares Outstanding

638.9

641.4

647.2

664

709.4

725.2

Weighted Avg. Shares Outstanding Dil

640.4

642.1

648.7

665.7

710.5

726.1

EPS

8.7

7.6

11.6

20

5.7

8.7

EPS Diluted

8.7

7.6

11.6

20

5.7

8.7

Effective Tax Rate

20.8%

19.7%

24.4%

24.3%

25.3%

22.7%