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)
•
106.6
15.6
157.6
157.3
38.8
40.0
157.6
158.0
110.1
73.0
74.5
48.0
118.8
117.3
91.0
Q4'22
Q3'23
Q4'23
■Commercial
Personal & Business Banking2
84.6
83.5
62.1
Q4'22
Q3'23
■Commercial
Q4'23
Personal & Business Banking
Average loans & acceptances up 48% Y/Y primarily due to Bank
of the West and flat Q/Q
Commercial up 29% Y/Y and down 1% Q/Q
Personal & Business Banking up 100+% Y/Y and up 3% Q/Q
As at loans & acceptances up 47% Y/Y and up 2% Q/Q
•
Average deposits up 43% Y/Y and flat Q/Q
Commercial up 34% Y/Y and down 1% Q/Q
Personal & Business Banking up 55% Y/Y and up 2% Q/Q
As at deposits up 43% Y/Y and up 1% Q/Q
1 Average FX rates (CDN/US dollar): Q4'23 1.3648, Q3'23 1.3331, and Q4'22 1.3516
2 Personal & Business Banking includes Indirect Auto loans: Q4'23 US$4.5B, Q3'23 US$4.8B, and Q4'22 US$5.9B
BMOM
Financial Results ⚫ December 1, 2023
35View entire presentation