Bank of Montreal(BMO)Earnings, Financials & Key Ratios

BMO•NYSE•Banking & Credit

21.1× P/E·Price updated Jun 19, 2026

SectorFinancial Services IndustryDiversified Banks Sub-IndustryNorth American universal banks

AboutBank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers. It also offers investment and wealth advisory services; digital investing services; financial services and solutions; and investment management, and trust and custody services. In addition, the company provides life insurance, accident and sickness insurance, and annuity products; creditor and travel insurance to bank customers; and reinsurance solutions. Further, it offers client's debt and equity capital-raising services, as well as loan origination and syndication, and treasury management; strategic advice on mergers and acquisitions, restructurings, and recapitalizations, as well as valuation and fairness opinions; and trade finance, risk mitigation, and other operating services. Additionally, the company provides research and access to markets for institutional, corporate, and retail clients; trading solutions that include debt, foreign exchange, interest rate, credit, equity, securitization and commodities; new product development and origination services, as well as risk management advice and services to hedge against fluctuations; and funding and liquidity management services to its clients. It operates through approximately 900 bank branches and 3,300 automated banking machines in Canada and the United States. Bank of Montreal was founded in 1817 and is headquartered in Montreal, Canada.Show more

Net Interest Income$21.49B+10.4%
Total Revenue$78.15B-0.5%
Net Income$8.71B+19.0%
Return on Equity10.1%+10.7%
Net Interest Margin1.45%+5.4%
Efficiency Ratio26.78%+12.3%
ROA0.6%+13.7%
Equity / Assets5.97%-0.2%
Book Value per Share121.81+5.3%

BMO Key Insights

Bank of Montreal (BMO) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Efficient operations: 26.8% efficiency ratio
✓Momentum leader: RS Rating 81 (top 19%)
✓Healthy dividend yield of 2.9%
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 4.7x
✗Weak NIM of 1.5%
✗Thin capital base

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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BMO Price & Volume

Bank of Montreal (BMO) stock price & volume — 10-year historical chart

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BMO Growth Metrics

Bank of Montreal (BMO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years12.73%

5 Years17.86%

3 Years27.99%

TTM-

Profit CAGR

10 Years7.14%

5 Years11.31%

3 Years-13.67%

TTM17.81%

EPS CAGR

10 Years5.7%

5 Years8.67%

3 Years-16.98%

TTM20.43%

Return on Capital

10 Years3.64%

5 Years3.89%

3 Years2.75%

Last Year3.38%

BMO Recent Earnings

Bank of Montreal (BMO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 4/12 qtrs (33%)●Beat Revenue 11/12 qtrs (92%)

Q2 2026Latest

May 27, 2026

Metric

Actual

Est

EPS

$2.68-4.3%

$2.80

Rev

$7.0B+0.9%

$7.0B

Q1 2026

Feb 25, 2026

Metric

Actual

Est

EPS

$2.51+6.8%

$2.35

Rev

$7.2B+3.2%

$7.0B

Q4 2025

Dec 4, 2025

Metric

Actual

Est

EPS

$2.36+9.3%

$2.16

Rev

$9.3B+37.7%

$6.7B

Q3 2025

Aug 26, 2025

Metric

Actual

Est

EPS

$2.33+9.9%

$2.12

Rev

$8.9B+36.8%

$6.5B

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 27, 2026	$2.68vs $2.80-4.3%	$7.0Bvs $7.0B+0.9%
Q1 2026	Feb 25, 2026	$2.51vs $2.35+6.8%	$7.2Bvs $7.0B+3.2%
Q4 2025	Dec 4, 2025	$2.36vs $2.16+9.3%	$9.3Bvs $6.7B+37.7%
Q3 2025	Aug 26, 2025	$2.33vs $2.12+9.9%	$8.9Bvs $6.5B+36.8%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
TDThe Toronto-Dominion BankDirect Competitor	201.54B	119.29	14.56	-2.8%	13.24%	11.85%	5.19
RYRoyal Bank of CanadaDirect Competitor	281.5B	201.56	20.18	2.13%	15.93%	15.94%	6.00
BNSThe Bank of Nova ScotiaDirect Competitor	106.71B	87.03	21.57	148.2%	13.45%	10.86%	5.69
CMCanadian Imperial Bank of CommerceDirect Competitor	103.49B	111.69	18.38	-3.14%	15.88%	15.17%	5.52
MFCManulife Financial CorporationDirect Competitor	68.09B	40.61	18.66	8.27%	8.09%	12.29%	0.28
USBU.S. BancorpProduct Competitor	90.47B	58.14	12.61	0.35%	17.68%	12.03%	1.19
PNCThe PNC Financial Services Group, Inc.Product Competitor	91.42B	232.04	13.99	-6.98%	20.41%	11.87%	0.94
TFCTruist Financial CorporationProduct Competitor	62.11B	48.33	12.65	25.5%	17.44%	8.15%	1.07

Compare BMO vs Peers

Bank of Montreal (BMO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TD

Most directly comparable listed peer for BMO.

Scale Benchmark

vs JPM

Larger-name benchmark to compare BMO against a more recognizable public peer.

Peer Set

Compare Top 5

vs TD, RY, BNS, CM

BMO Income Statement

Bank of Montreal (BMO) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Metric	Oct'17	Oct'18	Oct'19	Oct'20	Oct'21	Oct'22	Oct'23	Oct'24	Oct'25	TTM
Net Interest Income	11.28B	11.44B	12.89B	13.97B	14.31B	15.88B	18.68B	19.47B	21.49B	21.9B
NII Growth %	14.21%	1.45%	12.68%	8.4%	2.43%	11.01%	17.6%	4.21%	10.37%	23.6%
Net Interest Margin %	1.59%	1.48%	1.51%	1.47%	1.45%	1.39%	1.39%	1.38%	1.45%	1.46%
Interest Income	17.41B	21.04B	26.15B	23.32B	19.89B	26.9B	55.57B	65.98B	63.54B	61.44B
Interest Expense	6.14B	9.6B	13.26B	9.34B	5.58B	11.01B	36.89B	46.52B	42.05B	39.53B
Loan Loss Provision	746M	662M	872M	2.95B	20M	313M	1.47B	3.76B	3.62B	3.04B
Non-Interest Income	10.45B	11.3B	12.44B	11.05B	12.6B	10.37B	12.43B	12.57B	14.61B	15.63B
Non-Interest Income %	37.5%	34.95%	32.24%	32.16%	38.78%	27.83%	18.28%	16%	18.7%	20.29%
Total Revenue	27.86B▲ 0%	32.34B▲ 16.1%	38.6B▲ 19.4%	34.37B▼ 11.0%	32.49B▼ 5.5%	37.27B▲ 14.7%	68.01B▲ 82.5%	78.56B▲ 15.5%	78.15B▼ 0.5%	77.07B▲ 0%
Revenue Growth %	9.41%	16.07%	19.36%	-10.95%	-5.48%	14.73%	82.47%	15.51%	-0.52%	-13.84%
Non-Interest Expense	14.34B	14.66B	17.19B	15.72B	16.63B	8.06B	23.7B	18.75B	20.93B	21.56B
Efficiency Ratio	51.49%	45.34%	44.53%	45.75%	51.19%	21.63%	34.84%	23.86%	26.78%	27.98%
Operating Income	6.63B▲ 0%	7.41B▲ 11.8%	7.27B▼ 1.9%	6.35B▼ 12.7%	10.26B▲ 61.6%	17.89B▲ 74.4%	5.95B▼ 66.8%	9.54B▲ 60.3%	11.55B▲ 21.1%	12.94B▲ 0%
Operating Margin %	23.8%	22.93%	18.84%	18.47%	31.58%	47.99%	8.74%	12.14%	14.78%	16.79%
Operating Income Growth %	15.68%	11.81%	-1.92%	-12.71%	61.59%	74.36%	-66.75%	60.33%	21.13%	-
Pretax Income	6.63B▲ 0%	7.41B▲ 11.8%	7.27B▼ 1.9%	6.35B▼ 12.7%	10.26B▲ 61.6%	17.89B▲ 74.4%	5.95B▼ 66.8%	9.54B▲ 60.3%	11.55B▲ 21.1%	12.94B▲ 0%
Pretax Margin %	23.8%	22.93%	18.84%	18.47%	31.58%	47.99%	8.74%	12.14%	14.78%	16.79%
Income Tax	1.29B	1.96B	1.51B	1.25B	2.5B	4.35B	1.51B	2.21B	2.83B	3.19B
Effective Tax Rate %	19.48%	26.45%	20.82%	19.71%	24.41%	24.32%	25.39%	23.16%	24.46%	24.69%
Net Income	5.34B▲ 0%	5.45B▲ 2.2%	5.76B▲ 5.6%	5.1B▼ 11.5%	7.75B▲ 52.1%	13.54B▲ 74.6%	4.42B▼ 67.3%	7.32B▲ 65.4%	8.71B▲ 19.0%	9.73B▲ 0%
Net Margin %	19.16%	16.86%	14.92%	14.83%	23.87%	36.32%	6.51%	9.32%	11.14%	12.63%
Net Income Growth %	15.47%	2.17%	5.59%	-11.48%	52.13%	74.58%	-67.31%	65.38%	19.01%	17.81%
Net Income (Continuing)	5.34B	5.45B	5.76B	5.1B	7.75B	13.54B	4.44B	7.33B	8.72B	9.74B
EPS (Diluted)	7.92▲ 0%	8.17▲ 3.2%	8.66▲ 6.0%	7.55▼ 12.8%	11.58▲ 53.4%	19.99▲ 72.6%	5.76▼ 71.2%	9.51▲ 65.1%	11.44▲ 20.3%	13.70▲ 0%
EPS Growth %	14.45%	3.16%	6%	-12.82%	53.38%	72.63%	-71.19%	65.1%	20.29%	20.43%
EPS (Basic)	7.95	8.19	8.68	7.56	11.60	20.04	5.77	9.53	11.46	-
Diluted Shares Outstanding	651.96M	644.91M	640.36M	642.13M	648.68M	665.71M	710.51M	728.53M	723.27M	710.17M

BMO Balance Sheet

Bank of Montreal (BMO) balance sheet — assets, liabilities & shareholders' equity

Metric	Oct'17	Oct'18	Oct'19	Oct'20	Oct'21	Oct'22	Oct'23	Oct'24	Oct'25	TTM
Cash & Short Term Investments	93.16B	112.89B	121.31B	139.85B	164.69B	136.76B	144.86B	113.53B	104.16B	1.04T
Cash & Due from Banks	39.09B	50.45B	56.79B	66.44B	101.56B	93.2B	82.04B	68.74B	70.32B	67.15B
Short Term Investments	54.08B	62.44B	64.52B	73.41B	63.12B	43.56B	62.82B	44.79B	33.84B	326.25B
Total Investments	452.55B	490.65B	551.88B	620.73B	623.57B	764.93B	894.92B	961.66B	980.92B	1.19T
Investments Growth %	-2.54%	8.42%	12.48%	12.48%	0.46%	22.67%	16.99%	7.46%	2%	47.2%
Long-Term Investments	398.47B	428.21B	487.36B	547.32B	560.45B	721.37B	832.1B	916.87B	947.08B	3.51T
Accounts Receivables	7.74B	4.48B	4.63B	4.69B	5.11B	6.67B	62.91B	40.21B	52.21B	50.33B
Goodwill & Intangibles	8.4B	8.64B	8.76B	8.98B	7.64B	7.48B	21.94B	21.7B	21.55B	21.64B
Goodwill	6.24B	6.37B	6.34B	6.54B	5.38B	5.29B	16.73B	16.77B	16.8B	16.6B
Intangible Assets	2.16B	2.27B	2.42B	2.44B	2.27B	2.19B	5.22B	4.92B	4.76B	5.04B
PP&E (Net)	2.96B	2.92B	2.92B	4.86B	4.87B	5.1B	6.37B	6.32B	6.28B	6.17B
Other Assets	194.6B	212.59B	224.47B	240.83B	242.54B	259.22B	273.36B	305.78B	340.82B	545.23B
Total Current Assets	102.28B	118.88B	127.1B	145.8B	171.38B	144.85B	209.82B	155.96B	158.34B	63.8B
Total Non-Current Assets	607.3B	654.41B	725.09B	803.46B	816.79B	994.34B	1.14T	1.25T	1.32T	1.44T
Total Assets	709.58B▲ 0%	773.29B▲ 9.0%	852.2B▲ 10.2%	949.26B▲ 11.4%	988.17B▲ 4.1%	1.14T▲ 15.3%	1.35T▲ 18.2%	1.41T▲ 4.7%	1.48T▲ 4.8%	1.5T▲ 0%
Asset Growth %	3.15%	8.98%	10.2%	11.39%	4.1%	15.28%	18.24%	4.65%	4.76%	10.39%
Return on Assets (ROA)	0.76%	0.74%	0.71%	0.57%	0.8%	1.27%	0.36%	0.53%	0.6%	0.66%
Accounts Payable	11.11B	11.44B	12.51B	12.54B	13.82B	16.49B	71.05B	52.19B	62.9B	56.71B
Total Debt	224.69B	230.48B	281.79B	275.67B	287.36B	326.6B	354.84B	373.23B	415.19B	166.53B
Net Debt	185.61B	180.03B	225B	209.23B	185.8B	233.4B	272.8B	304.49B	344.87B	99.38B
Long-Term Debt	102.4B	91.32B	127.25B	119.64B	100.78B	123.73B	136.69B	152.28B	163.57B	34.36B
Short-Term Debt	122.3B	139.16B	154.54B	153.63B	183.84B	200.03B	214.64B	217.63B	248.31B	132.17B
Other Liabilities	65.73B	67.81B	73.34B	65.24B	66.26B	99.09B	100.23B	93.05B	96.38B	1.25T
Total Current Liabilities	496.87B	568.37B	600.47B	705.27B	760.68B	842.39B	1.03T	1.08T	1.13T	132.17B
Total Non-Current Liabilities	168.36B	159.2B	200.65B	187.4B	169.97B	225.77B	240.44B	248.65B	263.26B	1.28T
Total Liabilities	665.23B	727.57B	801.12B	892.67B	930.65B	1.07T	1.27T	1.33T	1.39T	1.41T
Total Equity	44.35B▲ 0%	45.72B▲ 3.1%	51.08B▲ 11.7%	56.59B▲ 10.8%	57.52B▲ 1.6%	71.04B▲ 23.5%	76.12B▲ 7.2%	84.29B▲ 10.7%	88.1B▲ 4.5%	85.59B▲ 0%
Equity Growth %	4.79%	3.08%	11.71%	10.8%	1.64%	23.49%	7.16%	10.72%	4.53%	6.72%
Equity / Assets (Capital Ratio)	6.25%	5.91%	5.99%	5.96%	5.82%	6.24%	5.65%	5.98%	5.97%	5.71%
Return on Equity (ROE)	12.31%	12.11%	11.9%	9.47%	13.59%	21.06%	6.01%	9.12%	10.1%	11.24%
Book Value per Share	68.03	70.89	79.76	88.13	88.68	106.71	107.14	115.69	121.81	120.52
Tangible BV per Share	55.14	57.49	66.08	74.15	76.89	95.48	76.25	85.91	92.01	90.05
Common Stock	13.03B	13.13B	12.99B	13.48B	13.6B	17.74B	22.94B	23.92B	23.36B	23.54B
Additional Paid-in Capital	307M	300M	303M	302M	313M	317M	328M	354M	373M	390M
Retained Earnings	23.71B	25.85B	28.73B	30.75B	35.5B	45.12B	44.01B	46.47B	47.38B	48.04B
Accumulated OCI	3.07B	2.3B	3.73B	5.52B	2.56B	1.55B	1.86B	5.42B	7.99B	5.88B
Treasury Stock	-101M	-202M	-20M	-52M	0	0	0	0	0	0
Preferred Stock	4.24B	4.34B	4.69B	4.69B	3.65B	2.65B	3.3B	2.05B	1.55B	7.7B

BMO Cash Flow Statement

Bank of Montreal (BMO) cash flow — operating, investing & free cash flow history

Metric	Oct'17	Oct'18	Oct'19	Oct'20	Oct'21	Oct'22	Oct'23	Oct'24	Oct'25	TTM
Cash from Operations	2.91B	17.91B	29.3B	50.84B	44.05B	4.96B	9.59B	29.03B	10.24B	49.72B
Operating CF Growth %	206.6%	515.96%	63.59%	73.48%	-13.35%	-88.75%	93.48%	202.68%	-64.73%	1073.6%
Net Income	5.34B	5.45B	5.76B	5.1B	7.75B	13.54B	4.44B	7.33B	8.72B	9.73B
Depreciation & Amortization	1.1B	1.13B	1.21B	1.62B	1.56B	1.48B	2.09B	2.11B	2.18B	1.64B
Deferred Taxes	156M	832M	483M	111M	184M	475M	-708M	153M	12M	-224M
Other Non-Cash Items	575M	423M	623M	2.83B	208M	61M	1.81B	3.35B	3.33B	-12.64B
Working Capital Changes	-4.26B	10.08B	21.23B	41.18B	34.34B	-10.6B	1.96B	16.09B	-4.01B	51.2B
Cash from Investing	-3.15B	-11.33B	-19.58B	-31.97B	-299M	-29.47B	-21.16B	-24.53B	605M	-46.78B
Purchase of Investments	-30.42B	-46.75B	-63.5B	-86.66B	-49.62B	-96.6B	-50.15B	-86.98B	-78.69B	-43.31B
Sale/Maturity of Investments	30.33B	38.31B	44.72B	56.88B	50.1B	64.03B	44.09B	63.5B	80.17B	41.67B
Net Investment Activity	-94M	-8.43B	-18.78B	-29.78B	477M	-32.56B	-6.06B	-23.48B	1.48B	-1.64B
Acquisitions	-25M	-365M	0	-186M	63M	1.23B	-15.1B	0	0	-48M
Other Investing	-2.73B	-2.2B	-321M	-1.61B	-355M	2.65B	1.68B	515M	854M	-43.33B
Cash from Financing	2B	2.74B	-2.61B	-10.3B	-5.12B	15.98B	268M	-17.41B	-8.67B	-3.42B
Dividends Paid	-2.01B	-2.58B	-2.75B	-2.48B	-2.98B	-2.6B	-2.7B	-3.84B	-5.03B	-5.1B
Share Repurchases	-940M	-1.29B	-90M	-76M	0	-1.52B	0	0	-3.4B	-5.75B
Stock Issued	149M	88M	54M	0	159M	3.11B	3.35B	68M	158M	178.99M
Net Stock Activity	-791M	-1.2B	-36M	-76M	159M	1.6B	3.35B	68M	-3.24B	-5.57B
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-4M
Other Financing	-96M	2.2B	-1.23B	-8.11B	0	6.93B	2.07B	-12.07B	-948M	6.55B
Net Change in Cash	946M▲ 0%	9.54B▲ 908.8%	6.66B▼ 30.2%	8.61B▲ 29.2%	35.85B▲ 316.7%	-5.79B▼ 116.2%	-9.53B▼ 64.5%	-12.84B▼ 34.7%	2.39B▲ 118.6%	-1.54B▲ 0%
Exchange Rate Effect	-803M	227M	-450M	47M	-2.77B	2.74B	1.77B	75M	214M	2.5B
Cash at Beginning	31.65B	32.6B	42.14B	48.8B	57.41B	93.26B	87.47B	77.93B	65.1B	67.38B
Cash at End	32.6B	42.14B	48.8B	57.41B	93.26B	87.47B	77.93B	65.1B	67.48B	63.82B
Interest Paid	5.83B	9.25B	12.96B	9.68B	5.86B	9.56B	33.75B	45.09B	43.13B	40.19B
Income Taxes Paid	1.34B	1.26B	1.21B	1.54B	2.17B	2.37B	2.59B	2.45B	2.83B	2.88B
Free Cash Flow	2.12B▲ 0%	17.03B▲ 704.3%	28.18B▲ 65.5%	49.8B▲ 76.8%	43.07B▼ 13.5%	3.51B▼ 91.9%	7.91B▲ 125.5%	27.47B▲ 247.1%	8.51B▼ 69.0%	47.96B▲ 0%
FCF Growth %	163.4%	704.25%	65.48%	76.77%	-13.53%	-91.85%	125.53%	247.06%	-69.01%	611.35%

BMO Banking Ratios

Bank of Montreal (BMO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	12.31%	12.11%	11.9%	9.47%	13.59%	21.06%	6.01%	9.12%	10.1%	11.24%
Return on Assets (ROA)	0.76%	0.74%	0.71%	0.57%	0.8%	1.27%	0.36%	0.53%	0.6%	0.66%
Net Interest Margin	1.59%	1.48%	1.51%	1.47%	1.45%	1.39%	1.39%	1.38%	1.45%	1.46%
Efficiency Ratio	51.49%	45.34%	44.53%	45.75%	51.19%	21.63%	34.84%	23.86%	26.78%	27.98%
Equity / Assets	6.25%	5.91%	5.99%	5.96%	5.82%	6.24%	5.65%	5.98%	5.97%	5.71%
Book Value / Share	68.03	70.89	79.76	88.13	88.68	106.71	107.14	115.69	121.81	120.52
NII Growth	14.21%	1.45%	12.68%	8.4%	2.43%	11.01%	17.6%	4.21%	10.37%	5.67%
Dividend Payout	37.66%	47.35%	47.79%	48.56%	38.43%	19.17%	61.08%	52.47%	57.77%	52.43%

BMO Frequently Asked Questions

Bank of Montreal (BMO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Bank of Montreal (BMO) saw revenue decline by 0.5% over the past year.

Yes, Bank of Montreal (BMO) is profitable, generating $9.73B in net income for fiscal year 2025 (11.1% net margin).

Dividend & Returns

Yes, Bank of Montreal (BMO) pays a dividend with a yield of 2.89%. This makes it attractive for income-focused investors.

Bank of Montreal (BMO) has a return on equity (ROE) of 10.1%. This is reasonable for most industries.

Industry Metrics

Bank of Montreal (BMO) has a net interest margin (NIM) of 1.5%. NIM has been under pressure due to interest rate environment.

Bank of Montreal (BMO) has an efficiency ratio of 26.8%. This is excellent, indicating strong cost control.

What if you invested $1,000 in BMO back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

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How much would $100/month in BMO be worth today?

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Bank of Montreal(BMO)Earnings, Financials & Key Ratios

BMO•NYSE•Banking & Credit

21.1× P/E·Price updated Jun 19, 2026

SectorFinancial Services IndustryDiversified Banks Sub-IndustryNorth American universal banks

Net Interest Income$21.49B+10.4%
Total Revenue$78.15B-0.5%
Net Income$8.71B+19.0%
Return on Equity10.1%+10.7%
Net Interest Margin1.45%+5.4%
Efficiency Ratio26.78%+12.3%
ROA0.6%+13.7%
Equity / Assets5.97%-0.2%
Book Value per Share121.81+5.3%