Financial Results

Gross Impaired Loans and Formations Formations Gross Impaired Loans By Industry ($MM, as at Q1 24) CA & U.S. Total Other CA & Other¹ U.S. Total Gross impaired loans (GIL) ratio³ 65 bps, up 6 bps Q/Q, with the largest increases in the services and manufacturing industries Formations ($MM) 1,766 Total Consumer 314 127 441 653 426 1,079 1,366 843 917 Service Industries 56 241 297 357 639 996 1,386 925 521 524 633 Manufacturing 25 111 136 158 339 497 275 246 319 284 380 441 Commercial Real Estate 50 101 150 192 288 481 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Retail Trade ■Consumer Business and Government 16 20 35 172 123 295 Transportation 19 6 107 113 21 209 230 Gross Impaired Loans ($MM) 65 Wholesale Trade 8 19 26 61 156 217 59 41 44 Agriculture 40 40 37 77 81 92 173 36 3,960 4,259 Construction (non-real estate) 20 33 2,658 2,844 33 53 78 63 142 2,027 2,987 3,180 1,382 1,828 2,006 Financial 2 4 7 12 34 46 645 830 838 973 1,079 Oil and Gas 0 0 0 0 21 21 Q1'23 Q2'23 Consumer Q3'23 Business and Government Q4'23 Q1'24 GIL Ratio³ Other Business and Government² 30 1 31 51 31 82 GIL Ratio³ (bps) Total Business and Government 252 673 925 1,184 1,995 3,180 78 64 59 58 59 65 48 46 Total Bank 566 800 1,366 1,838 2,421 4,259 35 Totals may not add due to rounding 1 Total Business and Government includes no GIL from other countries 2 Other Business and Government includes industry segments that are each <1% of total GIL 3 Gross impaired loans over total gross loan and acceptances, expressed in basis points BMOM 2016 2017 2018 2019 2020 2021 2022 2023 Q1'24 • Risk Review February 27, 2024 22

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