Financial Snapshot

Choose how you would like to view our summary financial data.

  Reported Adjusted1
As at or for the year ended October 31
(Canadian $ in millions, except as noted)
2013 2012 2013 2012

   1 Adjusted results are non-GAAP and are discussed in the Non-GAAP Measures (PDF, 40 KB) section of the MD&A. Management assesses performance on a GAAP basis and on an adjusted basis and considers both to be useful in the assessment of underlying business performance. Presenting results on both bases provides readers with an enhanced understanding of how management assesses results.

   2 Effective in 2013, regulatory capital requirements for BMO are determined on a Basel III basis. In 2012, BMO’s Basel III capital ratios were calculated on a pro-forma basis.

   3 Certain prior-year data has been reclassified to conform with the current year’s presentation. See pages 44 and 45 of the 2013 Review of Operating Groups Performance (PDF, 362 KB).

   4 Corporate Services, including Technology and Operations.

Revenue 16,263 16,130 15,572 15,067
Provision for credit losses 589 765 359 471
Non-interest expense 10,297 10,238 9,826 9,513
Net income 4,248 4,189 4,276 4,092
   
Earnings per share – diluted ($) 6.26 6.15 6.30 6.00
Return on equity 14.9% 15.9% 15.0% 15.5%
Operating leverage 0.2% (1.4)% 0.1% (2.8)%
Basel III Common Equity Tier 1 Ratio2 9.9% 8.7% 9.9% 8.7%
   
Net Income by Segment3  
Canadian P&C 1,854 1,775 1,864 1,785
U.S. P&C 596 580 646 644
Wealth Management 834 524 861 545
BMO Capital Markets 1,094 1,021 1,096 1,022
Corporate Services4 (130) 289 (191) 96
Net Income 4,248 4,189 4,276 4,092

 

Delivering on Our Strategic Priorities

2013 Performance

  • Net Income

    $4.2 billion

    Adjusted $4.3 billion

    Reported net income rose by 1%. Adjusted net income increased $0.2 billion or 5%. The bank achieved record revenue, net income and earnings per share.

    See Earnings per Share Growth in the Value Measures (PDF, 83 KB) section of the MD&A.

  • Revenue

    $16.3 billion

    Adjusted $15.6 billion

    Reported revenue rose by 1%. Adjusted revenue increased $0.5 billion or 3%. The increase was primarily due to revenue growth in Wealth Management, BMO Capital Markets and Canadian P&C.

    See Revenue in the 2013 Financial Performance Review (PDF, 190 KB) section of the MD&A.

  • Return on Equity (ROE)

    14.9%

    Adjusted 15.0%

    Reported ROE was 15.9% and adjusted ROE was 15.5% in 2012. There was an increase in reported and adjusted earnings available to common shareholders and higher average common shareholders’ equity.

    See Return on Equity in the Value Measures (PDF, 83 KB) section of the MD&A.

  • Basel III Common Equity Tier 1 Ratio

    9.9%

    Strong capital position – Our Basel III Common Equity Tier 1 Ratio of 9.9% is strong and in excess of regulatory requirements.

    See Enterprise-Wide Capital Management in the Financial Condition Review (PDF, 230 KB) section of the MD&A.


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