Financial Results
Canadian Personal & Commercial Banking - Balances
Average Gross Loans & Acceptances ($B)
301.4
314.2
317.3
261.3
Average Deposits ($B)
283.9
•
288.8
134.8
136.5
128.1
194.8
199.6
181.3
6.5
6.8
6.1
50.7
51.8
51.9
12.1
12.8
10.6
105.9
109.0
109.4
89.1
89.2
80.0
Q1'23
Commercial¹
Q4'23
Q1'24
Credit Cards
Q1'23
■Commercial
Q4'23
Q1'24
Personal & Business Banking
Business Banking
■Consumer Loans
Residential Mortgages
Average loans & acceptances up 5% Y/Y and 1% Q/Q
Residential Mortgages (including amortizing HELOC) up 7% Y/Y
and 1% Q/Q
Cards up 20% Y/Y and 6% Q/Q
Business Banking up 10% Y/Y and 4% Q/Q
Commercial¹ up 3% Y/Y and flat Q/Q
Average deposits up 11% Y/Y and 2% Q/Q
Personal & Business Banking up 10% Y/Y and 2% Q/Q
Chequing and Savings down 10% Y/Y and 2% Q/Q
Term up 33% Y/Y and 6% Q/Q
Commercial up 12% Y/Y and flat Q/Q
Prior period amounts have been reclassified to conform with the current period presentation
1 Commercial lending excludes commercial and small business cards. Commercial and small business cards balances represented 13% of total credit card portfolio in Q1'24, Q4'23 and Q1'23
BMOM
Financial Results ⚫ February 27, 2024
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