Financial Results

Significant progress in a challenging environment F2023 Net Income EPS PPPT² Growth Total Assets Adjusted¹ $8.7B Reported $4.4B Adjusted¹ $11.73 Reported $5.68 Adjusted¹ 5% Reported (56%) $1.3T Efficiency Ratio³ ROE ROTCE4 CET15 Adjusted 59.8% Reported 72.5% Adjusted¹ 12.3% Reported 6.0% Adjusted¹ 15.8% Reported 8.2% 12.5% F2023 Highlights Completed the transformative acquisition of Bank of the West, significantly expanding our U.S. market presence . Completed the strategic acquisition of AIR MILES Reward Program #1 in Customer Satisfaction among the Big 5 Retail Banks and in Online Banking - J.D. Power6 IDROWER DROVER • Maintained a leading position in Global and North American M&A in Capital Markets and net ETF flows in Wealth Continued strength in Capital and Risk Management AIR MILES. 1 Adjusted results and measures are non-GAAP. See slide 39 for more information and slide 40 for adjustments to reported results 2 Reported and adjusted pre-provision pre-tax earnings (PPPT) are non-GAAP measures. See slide 39 for more information and slide 43 for calculation of PPPT 3 Reported and adjusted net revenue and measures calculated based on net revenue are non-GAAP measures. Net revenue comprises revenue net of insurance claims, commissions and changes in policy benefit liabilities (CCPB). Efficiency ratio is calculated based on net revenue and is also a non-GAAP Measure. See slide 39 for more information and slide 42 for calculation of net revenue 4 Reported and adjusted return on tangible common equity (ROTCE) are non-GAAP measures. See slide 39 and Non-GAAP and Other Financial Measures section of the 2023 Annual MD&A for more information 5 The Common Equity Tier 1 (CET1) Ratio is disclosed in accordance with OSFI's Capital Adequacy Requirements (CAR) Guideline as set out by the Superintendent of Financial Institutions (OSFI), as applicable 6 For more information, refer to www.jdpower.com/business BMOM Strategic Highlights December 1, 2023 4

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