Canadian Personal & Commercial Banking - Financial Results
Summary of Reported and Adjusted Results by Operating Group
(Canadian $ in millions unless otherwise stated)
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22
Canadian P&C
Reported Net Income
915
861
980
917
965
YTD 23
2,756
YTD 22
2,909
Acquisition and integration costs
6
2
8
Amortization of acquisition-related intangible assets
2
1
3
1
Adjusted Net Income
923
864
980
917
965
2,767
2,910
U.S. P&C
Reported Net Income
431
581
520
488
445
1,532
1,445
(USD)
Amortization of acquisition-related intangible assets
58
57
1
1
1
116
Adjusted Net Income
489
638
521
489
446
1,648
3
1,448
BMO Wealth Management Reported Net Income
303
284
277
298
324
864
953
Amortization of acquisition-related intangible assets
1
1
1
1
3
3
Adjusted Net Income
304
285
278
298
325
867
956
BMO Capital Markets
Reported Net Income
310
380
503
357
262
1,193
1,415
Acquisition and integration costs
1
2
3
2
1
6
6
Amortization of acquisition-related intangible assets
5
6
4
4
3
15
10
Adjusted Net Income
316
388
510
363
266
1,214
1,431
Corporate Services
Reported Net Income
(650)
(1,255)
(2,211)
2,251
(754)
(4,116)
1,940
Impact of divestitures
Management of Fair Value Changes on the Purchase of Bank of the West
1,461
(8)
(3,336)
6
63
694
1,461
(2,331)
Acquisition and integration costs
363
545
178
143
61
1,086
94
Legal provision
(3)
6
6
846
9
Impact of Canadian tax measures
131
371
502
Initial provision for credit losses on purchased performing loans
517
517
Adjusted Net Income
(159)
(187)
(195)
Total Bank
Reported Net Income
1,454
1,059
247
(104)
4,483
7
(541)
(234)
1,365
2,760
9,054
Impact of divestitures
(8)
6
63
Management of Fair Value Changes on the Purchase of Bank of the West
1,461
(3,336)
694
1,461
(2,331)
Acquisition and integration costs
370
549
181
145
62
1,100
100
Amortization of acquisition-related intangible assets
85
85
6
6
ཤ
5
176
17
Legal Provisions
(3)
6
6
846
9
Impact of Canadian tax measures
131
371
Initial provision for credit losses on purchased performing loans
517
Adjusted Net Income
2,037
2,216
2,272
2,136
2,132
U.S. Segment
(USD)
Reported Net Income
364
(104)
(558)
2,306
(28)
Impact of divestitures
(3)
Management of Fair Value Changes on the Purchase of Bank of the West
Acquisition and integration costs
275
Amortization of acquisition-related intangible assets
60
Legal provision
Initial provision for credit losses on purchased performing loans
Adjusted Net Income
697
།gཅམྨཛཾ
1,093
(2,470)
545
400
132
106
| |gø །བྷབ
502
517
6,525
6,903
(298)
3,773
(42)
1,093
(1,842)
49
807
79
61
4
4
5
125
13
4
5
621
7
379
379
740
676
564
571
2,113
1,981
Refer to footnotes (1) to (8) in the Non-GAAP and other Financial Measures table on slide 38 for details on adjusting items, and the Non-GAAP and Other Financial Measures and Summary Quarterly Earnings Trend sections
of the Third Quarter 2023 MD&A for further information
BMOM
Financial Results ⚫ August 29, 2023
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