Acquisition of Marshall & Ilsley Corp.
Expanding Presence and Scale in the U.S.
Combined operations will create 11th largest bank by branches in North America and the
15th largest commercial bank by assets in the U.S.
C$ billions
Balance Sheet
Assets
BMO FG
M&I
Combined
BMO U.S. (1)
M&I
Pro Forma U.S.
Gross Loans
Deposits
$411.6
$53.4
$465.0
$123.5
$53.4
$176.9
171.5
40.9
212.4
33.2
40.9
74.1
249.3
39.3
288.6
57.1
39.3
96.4
Income Statement
LTM Revenue
$12.2
$2.62
$14.82
$2.6
$2.62
$5.22
LTM Pre-Tax Pre-Provision Earnings
4.6
0.9
5.5
0.72
0.9
1.62
Other Highlights
AUM
AUA
Branches
$109.5
$34.0
$143.5
$47.2
$34.0
$81.2
260.9
133.1
394.0
97.8
133.1
230.8
1,234²
374
1,608 2
321
374
695
Source: SNL Financial and Company Disclosure.
Note: Metrics as at October 31, 2010 for BMO and September 30, 2010 for M&I. Figures do not reflect any transaction adjustments or expected synergies.
M&I metrics converted into Canadian dollar equivalent: balance sheet and AUM/AUA converted using 9/30/2010 as at CAD/USD rate of 1.0292; Income statement converted at LTM average CAD/USD rate of 1.0411
1. Balance sheet items based on Q4-2010 average balances.
2. Updated on December 19, 2010
BMO
Financial Group
Acquisition of Marshall & Ilsley Corp. December 17, 2010
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