Canadian Personal & Commercial Banking - Financial Results
•
Net Interest Margin¹
Total Bank ex trading NIM benefitted from higher NII and lower low-yielding assets in BMO Capital Markets and Corporate Services
•
Canadian P&C NIM increased due to wider deposit margins and balance sheet mix
.
U.S. P&C NIM decreased due to lower deposit margins and balances and lower loan margins
NII ($MM) and NIM ex. Trading %
NIM ex. Trading (%)
1.90
1.85
1.86
1.79
1.88
0.02
O
1.83
0.03
1.56
1.62
242
160
Reported: 1.88
Adjusted²: 1.88
38
351
285
350
4,579
4,748
3,809
4,088
4,125
Q3'22
(672)
Q4'22
Adjusted NII ex trading ($MM)
INII Adjusting Item ($MM)
-Adjusted²NIM ex trading (%)
0.04
2.70
Reported: 1.90
Adjusted²: 1.90
-0.03
(389)
(7)
(3)
Q2'23
BMOCM
Q1'23
Q2'23
Q3'23
Corporate
Services
P&Cs &
BMOWM
Q3'23
Trading NII ($MM)
Reported NIM ex trading (%)
Canadian P&C NIM (%)
0.01
0.02
2.77
3.96
Q2'23
Deposit Margins Loan Margins
Mix / Other
Q3'23
U.S. P&C NIM (%)
-0.06
3.80
-0.06
-0.03
-0.01
Q2'23
Deposit Margins
Deposit
Balances
Loan Margins
Mix / Other
Q3'23
1 Net interest margin (NIM) is the ratio of net interest income (NII) to average earning assets, expressed as a percentage or in basis points. Net interest margin excluding trading excludes net interest earned on trading
assets. Average earning assets represents the daily average balance of deposits at central banks, deposits with other banks, securities borrowed or purchased under resale agreements, securities, and loans
2 Adjusted results and measures are non-GAAP, see slide 37 for more information and slide 38 for adjustments to reported results
BMOM
Financial Results ⚫ August 29, 2023
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