Q2 F2023 - Bank of the West Contribution & Financial Results
Pre-Provision, Pre-Tax Earnings (PPPT) Reconciliation
(Canadian $ in millions unless otherwise stated)
Total Bank
Reported Income before taxes
Total provision for (recovery of) credit losses
Q2 23
Q1 23
Q4 22
Q3 22
Q2 22
YTD 23
YTD 22
1,253
639
5,937
1,691
6,363
1,892
10,258
1,023
217
226
136
50
1,240
(49)
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
2,276
856
6,163
1,827
6,413
3,132
10,209
Impact of divestitures
6
(7)
(10)
(36)
Management of Fair Value Changes on the Purchase of Bank of the West
Acquisition and integration costs
(2,011)
4,541
(945)
3,555
(2,011)
4,117
(727)
(239)
(193)
(84)
(37)
(966)
(49)
Amortization of acquisition-related intangible assets
(115)
(8)
(8)
(7)
(8)
(123)
(16)
U.S. Segment
(USD)
Legal provision
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
Reported Income (loss) before taxes
(7)
(8)
(1,142)
(15)
3,125
3,122
2,959
2,870
2,913
6,247
6,193
(203)
(841)
3,096
(78)
3,578
(1,044)
5,088
Total provision for (recovery of) credit losses
578
36
52
52
(16)
614
(114)
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
375
(805)
3,148
(26)
3,562
(430)
4,974
Impact of divestitures
4
4
60
Management of Fair Value Changes on the Purchase of Bank of the West
(1,505)
3,362
(742)
2,806
(1,505)
3,249
Acquisition and integration costs
(530)
(175)
(143)
(65)
(30)
(705)
(39)
Amortization of acquisition-related intangible assets
(82)
(5)
(5)
(6)
(6)
(87)
(11)
Restructuring (costs) reversals
Canadian P&C
Legal provision
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
Reported Income before taxes
Total provision for (recovery of) credit losses
(5)
(7)
(838)
992
887
768
787
1,192
1,348
1,242
1,306
1,271
228
164
174
89
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
1,420
1,512
1,416
1,395
1,325
Acquisition and integration costs
(3)
Amortization of acquisition-related intangible assets
(1)
U.S. P&C
(USD)
Total provision for (recovery of) credit losses
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
Amortization of acquisition-related intangible assets
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
BMO Wealth Management Reported Income before taxes
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
Reported Income before taxes
1,424
1,512
1,416
1,395
1,326
729
667
634
577
51
46
46
53
780
713
680
630
(78)
(1)
(1)
(1)
858
714
681
631
372
359
395
421
BMO Capital Markets
Total provision for (recovery of) credit losses
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
Amortization of acquisition-related intangible assets
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
Reported Income before taxes
4
6
3
(10)
376
365
398
411
(2)
(1)
(1)
(1)
378
366
399
412
509
637
458
351
Total provision for (recovery of) credit losses
17
(10)
(18)
(7)
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
Acquisition and integration costs
526
627
440
344
(2)
(4)
(2)
(2)
Amortization of acquisition-related intangible assets
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
(8)
(5)
(5)
(5)
''ཎྜནྡྷ |ངྐེ࿄སྱཱནྡྲ་ྗལྱེ སྟུ ཀྐ སྐུ ལྱཙེ
(12)
788
1,879
1,715
2,540
2,630
54
392
78
2,932
2,708
(3)
(1)
(1)
(1)
2,936
2,709
605
1,396
1,299
(30)
97
(88)
575
1,493
1,211
(2)
(79)
(3)
577
1,572
1,214
417
731
829
10
5
418
741
834
(2)
(3)
(3)
420
744
837
602
1,146
1,551
7
(18)
635
1,153
1,533
(2)
(6)
(6)
(4)
(13)
(9)
536
636
447
351
641
1,172
1,548
Refer to footnotes (1) to (8) in the Non-GAAP and other Financial Measures table on slide 41 for details on adjusting items, and the Non-GAAP and Other Financial Measures and Summary Quarterly Earnings Trend sections
of the Second Quarter 2023 MD&A for further information
BMOM
Financial Results May 24, 2023
•
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