Q2 F2023 - Bank of the West Contribution & Financial Results
Provision for Credit Losses (PCL)
PCL By Operating Group
($MM)
Q2 23
Q1 23
Q2 22
$
bps
$
bps
$
bps
Personal & Business Banking
163
32
135
26
79
17
Commercial Banking
10
4
19
7
7
3
Q2 23 PCL ratio on impaired Loans¹ is 16 bps, up
2 bps Q/Q
PCL on impaired loans for BOTW is $15MM. It
includes $32MM PCL in Consumer, partially
offset by a recovery of $17MM in
Commercial
Total Canadian P&C
173
23
154
20
86
12
Personal & Business Banking
41
32
13
24
1
2
PCL on Impaired Loans ($MM)
Commercial Banking
25
6
35
11
34
13
Total U.S. P&C
66
12
48
13
35
11
243
192
196
BMO Wealth Management
120
1
2
1
0
0
0
104
BMO Capital Markets
0
1
(3)
(2)
1
0
Q2'22
Q3'22
Q4'22
Q1'23
Q2'23
Corporate Services
3
n.m.
(4)
n.m.
(2)
n.m.
PCL Ratio (bps)
PCL on Impaired Loans
243
16
196
14
120
10
65 Reported
PCL on Performing Loans
780
50
21
1
(70)
(6)
20 Adjusted4
Total PCL - Reported
1,023 65
217
15
50
4
16
15
BOTW Initial Allowance³
(705)
10
10
16
Total PCL - Adjusted4
14
14
318
20
8
4
Q2'22
Q3'22
Q4'22
Q1'23
Q2'23
Total PCL²
n.m. stands for not meaningful
1 Provision for credit losses on impaired loans over average net loan and acceptances, annualized and expressed in basis points
2 Reported and Adjusted Provision for credit losses on total loans over average net loan and acceptances, annualized and expressed in basis points
3 Initial allowance for BOTW is as of February 1, 2023
4 Adjusted results and measures are non-GAAP, see slide 40 for more information and slide 41 for adjustments to reported results
BMOM
PCL on Impaired Loans'
•
Risk Review May 24, 2023
25View entire presentation