Financial Results
Pre-Provision, Pre-Tax Earnings (PPPT) Reconciliation.
(Canadian $ in millions unless otherwise stated)
Total Bank
Reported Income before taxes
Total provision for (recovery of) credit losses
Q4 23
2,063
Q3 23
1,839
Q2 23
Q1 23
Q4 22
F2023
F2022
1,304
657
5,937
5,863
17,886
446
492
1,023
217
226
2,178
313
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
2,509
2,331
2,327
874
6,163
8,041
18,199
Impact of divestitures
6
(37)
Management of Fair Value Changes on the Purchase of Bank of the West
Acquisition and integration costs
(2,011)
4,541
(2,011)
7,713
(582)
(497)
(727)
(239)
(193)
(2,045)
(326)
Amortization of acquisition-related intangible assets
(119)
(115)
(8)
(8)
(357)
(31)
Legal provision (including related interest expense and legal fees)
Impact of Canadian tax measures
(16)
4
(7)
(8)
(1,142)
(27)
(1,142)
(160)
(160)
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
3,226
3,099
3,176
3,140
2,959
12,641
12,022
U.S. Segment
(USD)
Reported Income (loss) before taxes
483
469
(165)
(828)
3,096
(41)
8,106
Total provision for (recovery of) credit losses
135
165
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
618
634
Impact of divestitures
Management of Fair Value Changes on the Purchase of Bank of the West
Acquisition and integration costs
(426)
(369)
Amortization of acquisition-related intangible assets
(82)
(82)
Restructuring (costs) reversals
Legal provision (including related interest expense and legal fees)
(11)
3
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
1,137
1,082
Canadian P&C
Reported Income before taxes
1,327
1,260
Total provision for (recovery of) credit losses
269
269
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
1,596
1,529
Acquisition and integration costs
(2)
(8)
Amortization of acquisition-related intangible assets
(4)
(3)
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
1,602
1,540
U.S. P&C
(USD)
Reported Income before taxes
Total provision for (recovery of) credit losses
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
596
536
129
153
725
689
Amortization of acquisition-related intangible assets
(76)
(78)
BMO Wealth
Management
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
Reported Income before taxes
801
767
344
400
Total provision for (recovery of) credit losses
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
1
7
345
407
Amortization of acquisition-related intangible assets
(2)
(2)
BMO Capital Markets
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
Reported Income before taxes
347
409
615
392
Total provision for (recovery of) credit losses
1
10
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
Acquisition and integration costs
616
402
3
(2)
Amortization of acquisition-related intangible assets
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
(7)
620
(7)
411
ནཱཀྑཱུ།' 'æ། ཙེནྡྲ ཎྞ ཀྵུ ཀྱེ ཀཽ ཎྜི ཧ རྞ ཥྱ❁སྐརྞ ༐ ལྱེཥྞ ིི ➢ ཥཱཾ ལྱེ ༧ ལྐ
578
36
52
914
(10)
413
(792)
3,148
873
8,096
4
64
(1,505)
3,362
(1,505)
5,869
(530)
(175)
(143)
(1,500)
(247)
(82)
(5)
(5)
(251)
(22)
(5)
(7)
(838)
(20)
(838)
1,030
900
768
4,149
3,270
1,192
1,348
1,242
5,127
5,178
228
164
174
930
341
1,420
1,512
1,416
6,057
5,519
(3)
(13)
(1)
(8)
(1)
1,424
1,512
1,416
6,078
5,520
729
667
634
2,528
2,510
51
46
46
379
11
780
713
680
2,907
2,521
(78)
(1)
(1)
(233)
(5)
858
714
681
3,140
2,526
372
359
395
1,475
1,645
4
6
3
18
(2)
376
365
398
1,493
1,643
(2)
(1)
(1)
(7)
(5)
378
366
399
1,500
1,648
509
637
458
2,153
2,360
17
(10)
(18)
18
(43)
526
627
440
2,171
2,317
(2)
(4)
(2)
(5)
(10)
(8)
(5)
(5)
(27)
(19)
536
636
447
2,203
2,346
Refer to footnotes (1) to (7) in the Non-GAAP and other Financial Measures table on slide 40 for details on adjusting items, and the Non-GAAP and Other Financial Measures and Summary Quarterly Earnings Trend sections
of the 2023 Annual MD&A for further information
BMOM
Financial Results ⚫ December 1, 2023
43View entire presentation