Investor Presentaiton
U.S. segment continuing to deliver strong results
Figures that follow are on a U.S. dollar basis
U.S. segment adjusted¹ PPPT¹ up 34% YTD; contributed 39% of total bank adjusted¹ earnings YTD
Average assets of ~$300B with over 50% of revenue from outside of core footprint³ states
Adjusted¹ efficiency of 55.2%, operating leverage of 11.7% YTD
#122 in U.S. commercial lending; top-tier market position in flagship U.S. markets
#3 deposit market share³ in our core footprint³; #2 in Chicago and Milwaukee
Leveraging strong integration and collaboration across businesses to provide integrated client offering
YK
NT
NU
U.S. Segment Adjusted¹ Net Income
by Operating Group - YTD
BC
AB
SK
MB
BMO
CM
ON
QC
U.S.
33%
WA
OR
PE
P&C
MN
WI
NB
64%
NS
NY
MA
Personal and Commercial Banking and Wealth
OH
NJ
IL IN
MD
Management footprint
UT
CO
KS
MO
DE
Additional Commercial Banking,
CA
Wealth Management and Capital Markets
footprint
AZ
GA
TX
FL
BMO WM
3%
1 Adjusted measures are non-GAAP measures, see slide 2 for more information. Pre-Provision Pre-Tax earnings (PPPT) is the difference between net revenue and expenses. On a reported basis YTD: U.S. Segment PPPT
growth 35%, contributed 39% of total bank earnings, efficiency 55.2%, operating leverage 11.7%; Total bank reported net income by geography YTD: Canada 56%, U.S. 38%, Other 6%; U.S. Segment reported net
income by operating group for YTD: U.S. P&C 65%, BMO CM 31%, BMO WM 4%, excludes Corporate Services
2 Based upon publicly available U.S. regulatory filings (FR Y-9Cs and FFIEC 002s) and internal analysis
3. Based on FDIC deposit share data; core footprint includes Illinois, Kansas, Wisconsin, Missouri, Indiana and Minnesota
BMO Financial Group
Investor Presentation • October 2021
12View entire presentation