Investor Presentation
Performing Loans (PCL)
By Operating Group
($MM)
Allowance and Provision on Performing Loans
Allowance on Performing
Loans (APL) and PCL on
Q4 23
APL¹
Q1 24
Q1 24
Foreign
Q1 24
& Other
PCL² exchange APL¹
APL to
Performing
Loans³ (bps)
•
•
The $154 million provision for credit losses on
performing loans in the current quarter was
primarily driven by portfolio credit migration and
model updates
Sale on RV loan portfolio reduced APL by $87MM
Appropriate coverage on performing loans at 55 bps
Personal & Business Banking
958
72
1
1,031
50
Coverage Ratios
Commercial Banking
378
(15)
(17)
346
32
51
53
54 55
Total Canadian P&C
1,336
57
(16)
1,377
43
45
36
Personal & Business Banking
442
87
(111)
418
103
Commercial Banking
1,299
20
(49)
1,270
81
Q4'19
Total U.S. P&C
1,741
107
(160)
1,688
86
Q1'23 Q2'23 Q3'23 Q4'23 Q1'24
Allowance on Performing Loans Ratio (bps)³
BMO Wealth Management
41
10
8
59
14
4.10
4.25
3.42
2.98
BMO Capital Markets
351
(33)
(25)
293
35
2.15
2.39
Corporate Services5
115
13
(1)
127
n.m.
Q4'19
Total
3,584
154
(194)
3,544
55
Q1'23
Allowance on performing loans over trailing 4-quarter PCL
on impaired loans
Q2'234 Q3'234 Q4'234 Q1'244
n.m. - not meaningful
Prior period amounts have been reclassified to conform with the current period presentation
2 Q1'24 PCL includes a PCL on other assets of $7MM and excludes PCL on securities of $1MM
1 Q4 23 and Q1'24 includes APL on other assets of $12MM and $19MM, respectively and excludes APL on securities of $6MM and $7MM respectively
3 Allowance on performing loans over total gross performing loans and acceptances, expressed in basis points
4 Trailing 4-quarter PCL on impaired loans for Q2'23 - Q1'24 includes annualized Bank of the West PCL
5 Effective the first quarter of 2024, provisions for credit losses related to our Canadian and U.S. indirect retail auto financing business, previously reported in Personal and Commercial Banking, are reported in Corporate
Services
BMOM
Investor Presentation ⚫ February 2024
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