Bank of Montreal (BMO) 10-Year Financial Performance & Capital Metrics

BMO • • Banking & Credit

Financial ServicesDiversified BanksRegional & Domestic Diversified BanksCanadian Diversified 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 $19.47B +4.2%
Total Revenue $78.56B +15.5%
Net Income $7.32B +65.4%
Return on Equity 9.12% +51.7%
Net Interest Margin 1.38% -0.4%
Efficiency Ratio 23.86% -31.5%
ROA 0.53% +49.1%
Equity / Assets 5.98% +5.8%
Book Value per Share 115.69 +8.0%
Tangible BV/Share 85.91 +12.7%
Debt/Equity 4.43 -5.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 23.9% efficiency ratio
✓Healthy dividend yield of 3.9%
✓Trading near 52-week high
✓Trading at only 1.2x book value

✗Weaknesses

✗High debt to equity ratio of 4.4x
✗Weak NIM of 1.4%
✗Thin capital base

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.25%

5Y15.27%

3Y34.22%

TTM-

Profit (Net Income) CAGR

10Y5.52%

5Y4.91%

3Y-1.91%

TTM31.61%

EPS CAGR

10Y4.02%

5Y1.89%

3Y-6.35%

TTM32.45%

ROCE

10Y Avg3.92%

5Y Avg3.72%

3Y Avg3.9%

Latest2.94%

Peer Comparison

Canadian Diversified Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TDThe Toronto-Dominion Bank	157.92B	94.07	19.93	16.55%	7.42%	16.66%	33.41%	5.75
RYRoyal Bank of Canada	237.1B	169.33	15.08	18.54%	12.07%	14.12%	8.8%	6.13
BMOBank of Montreal	95.6B	134.86	14.18	15.51%	9.32%	10.05%	28.73%	4.43
CMCanadian Imperial Bank of Commerce	85.29B	92.04	12.64	15.36%	11.11%	12.93%	11.72%	5.40
BNSThe Bank of Nova Scotia	90.93B	73.55	12.55	-7.25%	26.31%	8.44%	16.68%	3.58

Profit & Loss

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Net Interest Income+	8.76B	9.87B	11.28B	11.44B	12.89B	13.97B	14.31B	15.88B	18.68B	19.47B
NII Growth %	0.06%	0.13%	0.14%	0.01%	0.13%	0.08%	0.02%	0.11%	0.18%	0.04%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	13.16B	14.39B	17.41B	21.04B	26.15B	23.32B	19.89B	26.9B	55.57B	65.98B
Interest Expense	4.39B	4.52B	6.14B	9.6B	13.26B	9.34B	5.58B	11.01B	36.89B	46.52B
Loan Loss Provision	612M	771M	746M	662M	872M	2.95B	20M	313M	1.47B	3.76B
Non-Interest Income+	10.42B	11.07B	10.45B	11.3B	12.44B	11.05B	12.6B	10.37B	12.43B	12.57B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	23.58B	25.46B	27.86B	32.34B	38.6B	34.37B	32.49B	37.27B	68.01B	78.56B
Revenue Growth %	0.04%	0.08%	0.09%	0.16%	0.19%	-0.11%	-0.05%	0.15%	0.82%	0.16%
Non-Interest Expense	13.23B	14.44B	14.34B	14.66B	17.19B	15.72B	16.63B	8.06B	23.7B	18.75B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	5.34B	5.73B	6.63B	7.41B	7.27B	6.35B	10.26B	17.89B	5.95B	9.54B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.02%	0.07%	0.16%	0.12%	-0.02%	-0.13%	0.62%	0.74%	-0.67%	0.6%
Pretax Income+	5.34B	5.73B	6.63B	7.41B	7.27B	6.35B	10.26B	17.89B	5.95B	9.54B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	936M	1.1B	1.29B	1.96B	1.51B	1.25B	2.5B	4.35B	1.51B	2.21B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	4.37B	4.62B	5.34B	5.45B	5.76B	5.1B	7.75B	13.54B	4.42B	7.32B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.02%	0.06%	0.15%	0.02%	0.06%	-0.11%	0.52%	0.75%	-0.67%	0.65%
Net Income (Continuing)	4.41B	4.63B	5.34B	5.45B	5.76B	5.1B	7.75B	13.54B	4.44B	7.33B
EPS (Diluted)+	6.57	6.92	7.92	8.17	8.66	7.55	11.58	19.99	5.76	9.51
EPS Growth %	0.02%	0.05%	0.14%	0.03%	0.06%	-0.13%	0.53%	0.73%	-0.71%	0.65%
EPS (Basic)	6.59	6.94	7.95	8.19	8.68	7.56	11.60	20.04	5.77	9.53
Diluted Shares Outstanding	647.14M	667.92M	651.96M	644.91M	640.36M	642.13M	648.68M	665.71M	710.51M	728.53M

Balance Sheet

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	47.68B	36.1B	39.09B	50.45B	56.79B	66.44B	101.56B	93.2B	82.04B	68.74B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	420.43B	464.34B	452.55B	490.65B	551.88B	620.73B	623.57B	764.93B	894.92B	961.66B
Investments Growth %	0.08%	0.1%	-0.03%	0.08%	0.12%	0.12%	0%	0.23%	0.17%	0.07%
Long-Term Investments	372.43B	408.68B	398.47B	428.21B	487.36B	547.32B	560.45B	721.37B	832.1B	916.87B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	6.07B	6.38B	6.24B	6.37B	6.34B	6.54B	5.38B	5.29B	16.73B	16.77B
Intangible Assets	2.21B	2.18B	2.16B	2.27B	2.42B	2.44B	2.27B	2.19B	5.22B	4.92B
PP&E (Net)	2.29B	2.15B	2.96B	2.92B	2.92B	4.86B	4.87B	5.1B	6.37B	6.32B
Other Assets	151.79B	163.75B	194.6B	212.59B	224.47B	240.83B	242.54B	259.22B	273.36B	305.78B
Total Current Assets	103.94B	101.7B	102.28B	118.88B	127.1B	145.8B	171.38B	144.85B	209.82B	155.96B
Total Non-Current Assets	537.94B	586.23B	607.3B	654.41B	725.09B	803.46B	816.79B	994.34B	1.14T	1.25T
Total Assets+	641.88B	687.93B	709.58B	773.29B	852.2B	949.26B	988.17B	1.14T	1.35T	1.41T
Asset Growth %	0.09%	0.07%	0.03%	0.09%	0.1%	0.11%	0.04%	0.15%	0.18%	0.05%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0.01%
Accounts Payable	9.72B	11.07B	11.11B	11.44B	12.51B	12.54B	13.82B	16.49B	71.05B	52.19B
Total Debt+	145.97B	196.95B	224.69B	230.48B	281.79B	275.67B	287.36B	326.6B	354.84B	373.23B
Net Debt	98.29B	160.85B	185.61B	180.03B	225B	209.23B	185.8B	233.4B	272.8B	304.49B
Long-Term Debt	26.09B	91.66B	102.4B	91.32B	127.25B	119.64B	100.78B	123.73B	136.69B	152.28B
Short-Term Debt	119.88B	105.29B	122.3B	139.16B	154.54B	153.63B	183.84B	200.03B	214.64B	217.63B
Other Liabilities	-13.38B	68.29B	65.73B	67.81B	73.34B	65.24B	66.26B	99.09B	100.23B	93.05B
Total Current Liabilities	588.99B	485.42B	496.87B	568.37B	600.47B	705.27B	760.68B	842.39B	1.03T	1.08T
Total Non-Current Liabilities	12.98B	160.19B	168.36B	159.2B	200.65B	187.4B	169.97B	225.77B	240.44B	248.65B
Total Liabilities	601.97B	645.61B	665.23B	727.57B	801.12B	892.67B	930.65B	1.07T	1.27T	1.33T
Total Equity+	39.91B	42.33B	44.35B	45.72B	51.08B	56.59B	57.52B	71.04B	76.12B	84.29B
Equity Growth %	0.13%	0.06%	0.05%	0.03%	0.12%	0.11%	0.02%	0.23%	0.07%	0.11%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.12%	0.11%	0.12%	0.12%	0.12%	0.09%	0.14%	0.21%	0.06%	0.09%
Book Value per Share	61.68	63.37	68.03	70.89	79.76	88.13	88.68	106.71	107.14	115.69
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	12.31B	12.54B	13.03B	13.13B	12.99B	13.48B	13.6B	17.74B	22.94B	23.92B
Additional Paid-in Capital	299M	294M	307M	300M	303M	302M	313M	317M	328M	354M
Retained Earnings	18.93B	21.2B	23.71B	25.85B	28.73B	30.75B	35.5B	45.12B	44.01B	46.47B
Accumulated OCI	4.64B	4.43B	3.07B	2.3B	3.73B	5.52B	2.56B	1.55B	1.86B	5.42B
Treasury Stock	-153M	0	-101M	-202M	-20M	-52M	0	0	0	0
Preferred Stock	3.24B	3.84B	4.24B	4.34B	4.69B	4.69B	3.65B	2.65B	3.3B	2.05B

Cash Flow

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Cash from Operations+	2.25B	-2.73B	2.91B	17.91B	29.3B	50.84B	44.05B	4.96B	9.59B	29.03B
Operating CF Growth %	1.77%	-2.21%	2.07%	5.16%	0.64%	0.73%	-0.13%	-0.89%	0.93%	2.03%
Net Income	4.41B	4.63B	5.34B	5.45B	5.76B	5.1B	7.75B	13.54B	4.44B	7.33B
Depreciation & Amortization	788M	1.05B	1.1B	1.13B	1.21B	1.62B	1.56B	1.48B	2.09B	2.11B
Deferred Taxes	226M	108M	156M	832M	483M	111M	184M	475M	-708M	153M
Other Non-Cash Items	441M	687M	575M	423M	623M	2.83B	208M	61M	1.81B	3.35B
Working Capital Changes	-3.61B	-9.2B	-4.26B	10.08B	21.23B	41.18B	34.34B	-10.6B	1.96B	16.09B
Cash from Investing+	4.03B	-15.33B	-3.15B	-11.33B	-19.58B	-31.97B	-299M	-29.47B	-21.16B	-24.53B
Purchase of Investments	-17B	-28.86B	-30.42B	-46.75B	-63.5B	-86.66B	-49.62B	-96.6B	-50.15B	-86.98B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-12.15B	-25M	-365M	0	-186M	63M	1.23B	-15.1B	0
Other Investing	-806M	2.62B	-2.73B	-2.2B	-321M	-1.61B	-355M	2.65B	1.68B	515M
Cash from Financing+	149M	8.05B	2B	2.74B	-2.61B	-10.3B	-5.12B	15.98B	268M	-17.41B
Dividends Paid	-2.13B	-2.22B	-2.01B	-2.58B	-2.75B	-2.48B	-2.98B	-2.6B	-2.7B	-3.84B
Share Repurchases	-1.37B	0	-940M	-1.29B	-90M	-76M	0	-1.52B	0	0
Stock Issued	51M	137M	149M	88M	54M	0	159M	3.11B	3.35B	68M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	-1.03B	2.63B	-96M	2.2B	-1.23B	-8.11B	0	6.93B	2.07B	-12.07B
Net Change in Cash+	11.91B	-8.64B	946M	9.54B	6.66B	8.61B	35.85B	-5.79B	-9.53B	-12.84B
Exchange Rate Effect	1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	1000K
Cash at Beginning	28.39B	40.3B	31.65B	32.6B	42.14B	48.8B	57.41B	93.26B	87.47B	77.93B
Cash at End	40.3B	31.65B	32.6B	42.14B	48.8B	57.41B	93.26B	87.47B	77.93B	65.1B
Interest Paid	4.48B	4.56B	5.83B	9.25B	12.96B	9.68B	5.86B	9.56B	33.75B	45.09B
Income Taxes Paid	641M	1.2B	1.34B	1.26B	1.21B	1.54B	2.17B	2.37B	2.59B	2.45B
Free Cash Flow+	1.73B	-3.34B	2.12B	17.03B	28.18B	49.8B	43.07B	3.51B	7.91B	27.47B
FCF Growth %	1.47%	-2.93%	1.63%	7.04%	0.65%	0.77%	-0.14%	-0.92%	1.26%	2.47%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.6%	11.24%	12.31%	12.11%	11.9%	9.47%	13.59%	21.06%	6.01%	9.12%
Return on Assets (ROA)	0.71%	0.7%	0.76%	0.74%	0.71%	0.57%	0.8%	1.27%	0.36%	0.53%
Net Interest Margin	1.37%	1.44%	1.59%	1.48%	1.51%	1.47%	1.45%	1.39%	1.39%	1.38%
Efficiency Ratio	56.11%	56.73%	51.49%	45.34%	44.53%	45.75%	51.19%	21.63%	34.84%	23.86%
Equity / Assets	6.22%	6.15%	6.25%	5.91%	5.99%	5.96%	5.82%	6.24%	5.65%	5.98%
Book Value / Share	61.68	63.37	68.03	70.89	79.76	88.13	88.68	106.71	107.14	115.69
NII Growth	5.68%	12.66%	14.21%	1.45%	12.68%	8.4%	2.43%	11.01%	17.6%	4.21%
Dividend Payout	48.86%	48.01%	37.66%	47.35%	47.79%	48.56%	38.43%	19.17%	61.08%	52.47%

Revenue by Geography

	2018	2019	2020	2021	2022	2024
CANADA	13.73B	15.13B	14.52B	15.98B	15.98B	16.11B
CANADA Growth	-	10.20%	-4.09%	10.11%	-0.04%	0.81%
UNITED STATES	7.32B	8.28B	8.66B	9.24B	16.98B	14.46B
UNITED STATES Growth	-	13.22%	4.55%	6.73%	83.73%	-14.81%
Other International Non CAN non US	1.99B	2.07B	2.01B	1.96B	753M	-
Other International Non CAN non US Growth	-	3.92%	-2.66%	-2.53%	-61.60%	-

Frequently Asked Questions

Valuation & Price

Bank of Montreal (BMO) has a price-to-earnings (P/E) ratio of 14.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Bank of Montreal (BMO) grew revenue by 15.5% over the past year. This is strong growth.

Yes, Bank of Montreal (BMO) is profitable, generating $8.72B in net income for fiscal year 2024 (9.3% net margin).

Dividend & Returns

Yes, Bank of Montreal (BMO) pays a dividend with a yield of 3.91%. This makes it attractive for income-focused investors.

Bank of Montreal (BMO) has a return on equity (ROE) of 9.1%. This is below average, suggesting room for improvement.

Industry Metrics

Bank of Montreal (BMO) has a net interest margin (NIM) of 1.4%. NIM has been under pressure due to interest rate environment.

Bank of Montreal (BMO) has an efficiency ratio of 23.9%. This is excellent, indicating strong cost control.

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