Financial Results

Canadian and U.S. deposit trends Canadian P&C and BMO Wealth Management deposits CDE$B, average balances 328 328 318 309 290 266 6% 7% 5% 3% 238 2% 20% 20% 20% 21% 4% 24% 24% Commercial 20% 25% 35% 32% 37% 37% 26% P&BB / 34% BMO Wealth Management 48% 49% 39% 42% 43% 36% 36% F'20 F'21 F'22 F'23 Q1'23 Q4'23 Q1'24 Demand Deposits Term Deposits 7% • Total Canadian deposits grew 8% Y/Y due to new customer acquisition, a comprehensive onboarding program and increased customer primacy Continued customer balance shift to term deposits given high interest rates U.S. P&C and BMO Wealth Management deposits¹ US$B, average balances 171 172 • 159 18% 19% 16% 118 120 117 105 11% 10% 30% 28% 33% 14% 11% Commercial 36% 43% 43% 40% 28% 29% 26% P&BB / 34% 26% 24% 24% BMO Wealth 25% 25% 24% Management 19% 21% 23% 23% F'20 F'21 F'22 F'23 Q1'23 Q4'23 Q1'24 Chequing & Savings Money Market & CD's 1 Includes Bank of the West acquisition effective Q2'23 BMOM Total U.S. deposits increased 1% Q/Q as we continued to grow new customers and deposits through competitive tools, products and channels, including national digital retail banking and treasury and payments solutions platforms Current environment continues to reflect deposit competition and customer migration to money markets and CD's Financial Results ⚫ February 27, 2024 . 33

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