Financial Results
F2023 Risk Highlights
Provision for Credit Losses
(PCL) by Operating Group
F2023
F2022
($MM)
$
Bps 1,2
$
Bps 1,2
Personal & Business Banking
678
32
369
19
F2023 PCL on impaired loans $1.2B or 19 bps, up 9 bps Y/Y reflecting
normalizing credit conditions
F2023 total adjusted 5 PCL $1.5B or 24 bps; total reported PCL $2.2B or
35 bps
PCL Ratio (bps)
Commercial Banking
106
10
63
7
Total Canadian P&C
784
25
432
15
22
22
18
20
10
11
Personal & Business Banking
173
41
16
8
89
33
22
35
24
19
20
17
17
Commercial Banking
207
14
91
8
2016
2017
2018
Total U.S. P&C
380
20
107
8
PCL on Impaired Loans (bps)¹
2019
2020
2021
2022
2023
Total PCL (bps) Adjusted³
BMO Wealth Management
5
1
2
Total PCL - Reported (bps)²
BMO Capital Markets
9
1
(32)
(5)
Allowance for Credit Losses 3, 6 ($MM)
4,267
Corporate Services
2
n.m.
(7)
n.m.
3,814
PCL on Impaired Loans
1,180
19
502
10
2,958 2,998
2,114
PCL on Performing Loans
998
16
(189)
(4)
1,996
2,094
1,870
3,572
3,075
2,447
2,441
Total PCL - Reported
2,178
35
313
6
1,682
1,576
1,473
1,609
BOTW-Initial Allowance4
(705)
n.a.
432
420
397
485
739
511
557
695
2016
2017
2018
2019
Total PCL - Adjusted
1,473
24
Allowance on Impaired Loans
2020
Allowance on Performing Loans
2021
2022
2023
n.m. - not meaningful
1 Provision for credit losses on impaired loans over average net loans and acceptances, annualized and expressed in basis points
2 Provision for credit losses on total loans over average net loans and acceptances, annualized and expressed in basis points
3 Included other credit instruments, such as off-balance sheet items, which are recorded in Other Liabilities
4 Initial allowance for Bank of the West is as of February 1, 2023
5 Adjusted results and measures are non-GAAP. See slide 39 for more information and slide 40 for adjustments to reported results
6 The bank prospectively adopted IFRS 9, Financial Instruments for the annual period beginning on November 1, 2017
BMOM
Risk Review ⚫ December 1, 2023
23View entire presentation