Investor Presentation
Canadian Personal & Commercial Banking
Strength and Value Drivers
•
•
.
High-performing team focused on providing a personalized banking
experience that helps our customers make real financial progress
Top-tier commercial banking business, #2 market share for business loans¹,
and leading cash management, treasury and payment capabilities
Award-winning retail banking business with top-tier digital sales and digital
money management tools
Consistently strong credit risk management
Net Income
Q1'24 Financial Highlights
Reported
Adjusted²
$921MM
$925MM
Net Income Y/Y Growth
Revenue Y/Y Growth
(3.2)%
(2.8)%
8.6%
8.6%
PPPT3 Y/Y Growth
7.9%
8.3%
ROE
Efficiency Ratio
22.8%
23.0%
43.6%
43.4%
Operating Leverage
(1.0)%
(0.5)%
Average Gross Loans & Acceptances
$317B
$289B
2024 Strategic Priorities
•
Build on our strong franchise to drive growth and customer loyalty by
continuing to invest in differentiating capabilities and delivering enhanced
One Client experiences
In Personal and Business Banking, continue to drive customer acquisition,
increase share of wallet, enhance digital engagement and in-person
guidance conversations, and help customers make real financial progress
In Commercial Banking, maintain focus on key sectors and geographies,
and drive deeper relationships with clients through innovative capabilities
and products, including climate transition and Digital First solutions
Drive efficiencies by simplifying and streamlining operations, and investing in
digital capabilities
Average Deposits
Net Income ($MM) and NIM (%)
2.68
2.69
2.74
2.77
2.74
951
881
922
921
819
•
Foster a winning culture, focused on alignment, empowerment and
recognition, with a commitment to a diverse and inclusive workplace
Q1'23
Q2'23
Q3'23
Reported Net Income
Q4'23
Q1'24
NIM
Prior period amounts have been reclassified to conform with the current period presentation
1 Ranked #2 in market share based on business loans $0-$25MM and $0-$100MM. Source: Canadian Bankers Association as at June 2023
2 Adjusted results and measures are non-GAAP, see slide 56 for more information and slide 58 for adjustments to reported results
3 Reported and adjusted Pre-Provision Pre-Tax earnings (PPPT) is a non-GAAP measure. See slide 56 for more information and slide 59 for calculation of PPPT
See slide 60 for more information on the reported and adjusted results of our operating groups
BMOM
Investor Presentation ⚫ February 2024
20View entire presentation