Bank of Montreal

Bank of Montreal Earnings Recaps

BMO.TO Financials 3 recaps
Q1 2026 Feb 26, 2026

BMO Financial Group reported a strong Q1 2026, with a 15% year-over-year increase in adjusted EPS to $3.48, driven by record revenues across all operating segments despite the impact of a severance charge.

Key takeaways
  • Record pre-provision pretax earnings of $4.1 billion, bolstered by robust revenue growth in Canadian P&C and U.S. Banking.
  • Underlying ROE improved to 13.1%, up 180 basis points year-over-year, reflecting strong operational performance.
  • Canadian Commercial Banking revenue rose 10%, with a notable increase in operating deposits and treasury fees.
  • Successful integration of Burgundy Asset Management contributed to a 16% increase in Wealth Management earnings.
  • Capital Markets achieved PPPT of $893 million, benefiting from increased trading activity and advisory fees, maintaining a leadership position in various sectors.
Full recap
Q4 2025 Dec 5, 2025

BMO Financial Group achieved a robust performance in Q4 2025, with adjusted EPS rising 26% year-over-year and record net income of $9.2 billion, driven by strong operating growth across all business segments.

Key takeaways
  • Annual ROE improved by 150 basis points to 11.3%, finishing Q4 at 11.8%, showcasing effective profitability strategies.
  • Positive operating leverage of 4% achieved, underscoring disciplined expense management alongside solid revenue growth.
  • Over $8 billion returned to shareholders through buybacks and increased dividends, reflecting strong capital allocation.
  • Strong growth in the Wealth Management sector with record revenues and continued client asset increases.
  • Significant advancements in the U.S. banking segment, with ongoing strategies to enhance ROE and improve profitability metrics.
Full recap
Q3 2025 Aug 26, 2025

BMO Financial Group reported a record net income of $2.4 billion in Q3 2025, with earnings per share soaring 22% year-over-year to $3.23, driven by robust growth across all business segments and successful capital optimization.

Key takeaways
  • Pre-provision pretax earnings increased 13% to $4 billion, reflecting strong operational performance.
  • Return on equity rose to 12%, supported by effective credit management and lower provisions.
  • Year-to-date revenue growth reached 12%, with operating leverage improving for the sixth consecutive quarter.
  • Notable acquisition of Burgundy Asset Management announced, enhancing wealth management capabilities.
  • Structural changes in U.S. banking aim to unify operations and drive synergistic growth across personal, commercial, and wealth management sectors.
Full recap