Q2 F2023 - Bank of the West Contribution & Financial Results
Q2 F2023 - Bank of the West Contribution to U.S. Segment
U.S. Segment Reported
U.S. Segment Adjusted¹
(US$MM)
BMO ex.
BOTW
BMO ex.
BOTW
BMO
BOTW
BMO
BOTW
Revenue
Expenses
1,874
790
2,664
1,879
790
2,669
1,127
1,162
2,289
1,121
556
1,677
PPPT²
747
(372)
375
758
234
992
Total PCL
43
535
578
43
18
61
Income (Loss) before Taxes
704
(907)
(203)
715
216
931
Net Income (Loss)
563
(667)
(104)
571
169
740
Average Gross Loans and Acceptances
139,594
58,032
197,626
139,594
58,032
197,626
Average Deposits
166,609
66,554
233,163 166,609
66,554
233,163
Efficiency Ratio (%)
60.1
147.1
85.9
59.6
70.4
62.8
See the Significant Events section of BMO's Second Quarter 2023 MD&A for more information
1 Adjusted results and measures are non-GAAP, see slide 40 for more information and slide 42 for adjustments to reported results
2 Reported and adjusted Pre-Provision Pre-Tax earnings (PPPT) are non-GAAP measures. See slide 40 for more information and slide 44 for calculation of PPPT
BMOM
Financial Results May 24, 2023
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