Financial Results
Average Gross Loans and Acceptances ($B)
Balance Sheet
Diversified loan and deposit portfolio, with higher balances Q/Q
•
•
Average gross loans and acceptances up 18% Y/Y due to:
16% growth in Business & government loans driven by Bank
of the West and good growth in Canadian P&C, BMO Capital
Markets and BMO Wealth Management, partially offset by
lower underlying U.S. P&C
20% growth in Consumer loans driven by Bank of the West
and mortgage growth in Canadian P&C
Average gross loans and acceptances up 2% Q/Q, or 1%
excluding the impact of the stronger U.S. dollar, with growth
in Canadian P&C mortgages and in BMO Capital Markets
-
As-at gross loans and acceptances up 4% Q/Q or 1%
excluding the impact of the stronger U.S. dollar
644.0
656.8
555.8
290.5
283.9
241.5
360.1
366.3
314.3
Q4'22
Q3'23
Q4'23
Business & Government
Consumer
Average customer deposits¹ up 20% Y/Y, due to Bank of the
West and higher balances in Canadian P&C and BMO Capital
Markets, partially offset by lower underlying balances in U.S.
P&C and BMO Wealth Management
Average customer deposits up 2% Q/Q, or 1% excluding the
impact of the stronger U.S. dollar, driven by higher balances
in P&C businesses and BMO Capital Markets, partially offset
by lower balances in BMO Wealth Management
Average Customer Deposits ($B)
645.1
629.4
537.1
79.7
84.1
63.0
61.4
78.7
56.4
198.4
203.1
163.2
As-at customer deposits up 4% Q/Q or up 2% excluding the
impact of the stronger U.S. dollar
288.3
296.5
238.8
P&BB
Q4'22
Q3'23
Q4'23
Commercial
BMO Wealth Management
BMO Capital Markets
1 Customer deposits are operating and savings deposits, including term investment certificates and retail structured deposits, primarily sourced through our retail, commercial, wealth and corporate banking businesses
BMOM
Financial Results ⚫ December 1, 2023
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