Financial Results
U.S. Personal & Commercial Banking - Balances
Amounts on this slide are in U.S. dollars¹
Average Gross Loans & Acceptances (US$B)
Average Deposits (US$B)
102.4
9.7
152.7
152.1
36.3
33.9
158.0
160.7
110.6
77.3
80.0
47.6
116.4
118.2
92.7
Q1'23
■Commercial
80.7
80.7
63.0
Q4'23
Q1'24
Q1'23
Q4'23
Personal & Business Banking
■Commercial
Q1'24
Personal & Business Banking
Average loans & acceptances up 48% Y/Y; down less
than 1% Q/Q (up 2% excluding and sale of RV loan
portfolio)
Commercial up 27% Y/Y and 2% Q/Q
Personal & Business Banking up 100+% Y/Y and
down 7% Q/Q (up 4% excluding and sale of RV loan
portfolio)
Average deposits up 45% Y/Y and up 2% Q/Q
Commercial up 28% Y/Y and flat Q/Q
Personal & Business Banking up 68% Y/Y and up 3% Q/Q
Prior period amounts have been reclassified to conform with the current period presentation
1 Average FX rates (CDN/US dollar): Q1'24 1.3392, Q4'23 1.3648, and Q1'23 1.3426
BMOM
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Financial Results ⚫ February 27, 2024
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