Investor Presentation February 2024
BMO U.S. well-positioned for growth
Benefiting from the strength of BMO's trillion-dollar balance sheet
Top 10
U.S. Bank¹
Physical footprint in
32 states
Digital platforms
across all 50 states
BMO U.S. Bank
US$2662 billion in assets
BMO U.S. Segment
US$4322 billion in assets
4 million
customers
BMO Financial Group
C$1.32 trillion in assets
•
•
U.S. Segment contributed US$4.2B adjusted³ PPPT4 LTM
(US$2.0B on a reported basis)
Broad capabilities: Personal & Commercial Banking,
BMO Wealth Management and BMO Capital Markets
Only North American bank with integrated North-South
business model, driving efficiencies
One Client approach, with local market and unified cross
border expertise
WA
MT
ND
MN
ME
OR
SD
WI
ID
VT
WY
MI
NY NH
IA
NE
CT
MA
PA
IL IN OH
NI
RI
NV
UT
CO
KS
MO
WV
DE
KY
VA
MD-DC
CA
OK
TN
NC
AZ
NM
AR
SC
MS AL
GA
TX
LA
# of U.S. Banks by Assets (US$)1
4
Physical footprint
FL
Digital footprint
.
Presence in three of the top five U.S. markets
>$1T
$250B-$750B
$100B-$250B
<$100B
6
BMOM
~20
~4,600
Prior period amounts have been reclassified to conform with the current period presentation
1 Ranking by assets as of Dec. 31, 2023 and internal analysis. Source: SNL Financial. Top 10 U.S. >$1T: JP Morgan, Bank of America, Citibank, Wells Fargo. $250B-$750B: U.S. Bank, PNC Bank, Truist Bank, TD Bank, Capital One, BMO
2 BMO U.S. Bank as at balances based upon BMO Bank N.A. publicly available U.S. regulatory filing (FFIEC 031) for period ending December 31, 2023. BMO U.S. Segment based on average balances for Q1'24
3 Adjusted results and measures are non-GAAP, see slide 56 for more information and slide 57 for adjustments to reported results
4 Reported and Adjusted Pre-Provision Pre-Tax earnings (PPPT) are non-GAAP measures. See slide 56 for more information and slide 59 for calculation of PPPT
BMOM
Investor Presentation ⚫ February 2024
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