Canadian Personal & Commercial Banking - Financial Results
BMO U.S.-scale, growth further enhanced by Bank of the West
Benefiting from the strength of BMO's trillion-dollar balance sheet
Top 10
U.S. Bank1
BMO U.S. Bank
Footprint in
32 States
Top 5
Commercial Lender in
North America²
4 million
customers
BMO U.S. Segment
US$4253 billion in assets
BMO Financial Group
C$1.25 trillion in assets
US$2633 billion in assets
Well-positioned going forward
•
U.S. Segment contributed US$1.0B adjusted PPPT5 in
Q3'23 (US$0.6B on a reported basis)
Broad capabilities: Personal & Commercial Banking, BMO
Wealth Management and BMO Capital Markets
Only North American bank with integrated North-South
business model, driving efficiencies
One-Client approach, with local market and unified cross
border expertise
•
Presence in three of the top five U.S. markets
•
Digital retail and payments platforms across all 50 states
OR
WA
WI
ND
MN
MI
NY
MA
NV
NE
•
KS
OH
UT
NJ
CO
MO
VA
MD
CA
AZ
10
OK
O
NM
GA
TX
BMO U.S.
BMO U.S. Branch (1,007)
# of U.S. Banks by Assets (US$)1
>$1T
$250B-$750B
$100B-$250B
<$100B
4
6
BMO M
FL
OTO)
~20
~4,680
1 Ranking by assets as at June 30, 2023 and internal analysis. Source: SNL Financial. Top 10 U.S. >$1T: JP Morgan, Bank of America, Citibank, Wells Fargo. $250B-$750B: U.S. Bank, PNC Bank, Truist Bank, TD Bank, Capital One, BMO
2 Share of commercial loans based upon publicly available U.S. regulatory filings (FR Y-9Cs and FFIEC 002S) and internal analysis
3 BMO U.S. Bank as at balances based upon BMO Harris N.A. publicly available U.S. regulatory filing (FFIEC 031) for period ending June 30, 2023. BMO U.S. Segment based on average balances for Q3'23
4 Adjusted results and measures are non-GAAP, see slide 37 for more information and slide 39 for adjustments to reported results
5 Reported and Adjusted Pre-Provision Pre-Tax earnings (PPPT) are non-GAAP measures. See slide 37 for more information and slide 41 for calculation of PPPT
BMOM
Strategic Highlights ⚫ August 29, 2023
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