Canadian Personal & Commercial Banking - 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
Q3 23
1,795
Q2 23
1,253
Q1 23
Q4 22
Q3 22
YTD 23
YTD 22
639
5,937
1,691
3,687
11,949
492
1,023
217
226
136
1,732
87
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
2,287
2,276
856
6,163
1,827
5,419
12,036
Impact of divestitures
6
(7)
(43)
Management of Fair Value Changes on the Purchase of Bank of the West
(2,011)
4,541
(945)
(2,011)
3,172
Acquisition and integration costs
(497)
(727)
(239)
(193)
(84)
(1,463)
(133)
Amortization of acquisition-related intangible assets
(115)
(115)
(8)
(8)
(7)
(238)
(23)
Legal provision
4
(8)
(1,142)
(11)
U.S. Segment
(USD)
Impact of Canadian tax measures
Reported Income (loss) before taxes
(160)
(160)
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
3,055
3,125
3,122
2,959
2,870
9,302
9,063
436
(203)
(841)
3,096
(78)
(608)
5,010
Total provision for (recovery of) credit losses
165
578
36
52
52
779
(62)
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
601
375
(805)
3,148
(26)
171
4,948
Impact of divestitures
4
60
Management of Fair Value Changes on the Purchase of Bank of the West
(1,505)
3,362
(742)
(1,505)
2,507
Acquisition and integration costs
(369)
(530)
(175)
(143)
(65)
(1,074)
(104)
Amortization of acquisition-related intangible assets
(82)
(82)
(5)
(5)
(6)
(169)
(17)
Restructuring (costs) reversals
Legal provision
3
(5)
(838)
(9)
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
1,049
992
887
768
787
2,928
2,502
Canadian P&C
Reported Income before taxes
1,260
1,192
1,348
1,242
1,306
3,800
3,936
Total provision for (recovery of) credit losses
269
228
164
174
89
661
167
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
1,529
1,420
1,512
1,416
1,395
4,461
4,103
Acquisition and integration costs
(8)
(3)
(11)
Amortization of acquisition-related intangible assets
(3)
(1)
(4)
(1)
U.S. P&C
(USD)
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
Reported Income before taxes
1,540
1,424
1,512
1,416
1,395
4,476
4,104
536
729
667
634
577
1,932
1,876
Total provision for (recovery of) credit losses
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
153
51
46
46
53
250
(35)
689
780
713
680
630
2,182
1,841
Amortization of acquisition-related intangible assets
(78)
(78)
(1)
(1)
(1)
(157)
(4)
BMO Wealth
Management
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
Reported Income before taxes
767
858
714
681
631
2,339
1,845
400
372
359
395
421
1,131
1,250
Total provision for (recovery of) credit losses
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
7
4
6
3
(10)
17
(5)
407
376
365
398
411
1,148
1,245
Amortization of acquisition-related intangible assets
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
(2)
(2)
(1)
(1)
(1)
(5)
(4)
409
378
366
399
412
1,153
1,249
BMO Capital Markets Reported Income before taxes
Total provision for (recovery of) credit losses
Reported Pre-Provision, Pre-Tax Earnings (PPPT)
Acquisition and integration costs
392
509
637
458
351
1,538
1,902
10
17
(10)
(18)
(7)
17
(25)
402
526
627
440
344
1,555
1,877
(2)
(2)
(4)
(2)
(2)
(8)
(8)
Amortization of acquisition-related intangible assets
Adjusted Pre-Provision, Pre-Tax Earnings (PPPT)
(7)
(8)
(5)
(5)
(5)
(20)
(14)
411
536
636
447
351
1,583
1,899
Refer to footnotes (1) to (8) in the Non-GAAP and other Financial Measures table on slide 38 for details on adjusting items, and the Non-GAAP and Other Financial Measures and Summary Quarterly Earnings Trend sections
of the Third Quarter 2023 MD&A for further information
BMOM
.
Financial Results ⚫ August 29, 2023
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