Financial Results
Allowance and Provision on Performing Loans
Allowance on Performing
Loans (APL) and PCL on
Performing Loans (PCL)
Q3 23
APL¹
Q4 23
Q4 23
By Operating Group
& Other
($MM)
Personal & Business Banking 1,025
10
1
1,036
49
Commercial Banking
Q4 23
Foreign
PCL² exchange APL¹
APL to
Performing
Loans³ (bps)
•
Q4'23 PCL on performing loans of $38MM,
primarily reflecting portfolio credit migration,
largely offset by an improvement in the
macroeconomic outlook
Adequate coverage for performing loans at 54 bps
Allowance on Performing Loans Ratio³
(bps)
350
11
17
378
34
53
51
54
Total Canadian P&C
1,375
21
18
1,414
44
36
44
45
Personal & Business Banking
421
23
22
466
85
Q4'19
Commercial Banking
1,220
6
73
1,299
79
Total U.S. P&C
1,641
29
95
1,765
81
BMO Wealth Management
41
(1)
1
41
10
Q4'22 Q1'23 Q2'23 Q3'23 Q4'23
Allowance on Performing Loans Ratio (bps)³
Impaired PCL Coverage Ratio
BMO Capital Markets
342
(10)
19
351
42
Corporate Services
14
(1)
4.90
4.10
4.25
3.42
2.98
2.15
13
n.m.
Total
3,413
38
133
3,584
54
n.m. - not meaningful
1 Q3'23 and Q4'23 includes APL on other assets of $13MM and $12MM, respectively and excludes APL on securities of $6MM for both periods
2 Q4'23 PCL includes a PCL on other assets of $(1)MM and excludes PCL on securities of $(0.3)MM
3 Allowance on performing loans over total gross performing loans and acceptances, expressed in basis points
Q4'19 ❘ Q4'22 Q1'23 Q2'234 Q3'234 Q4'234
Allowance on performing loans over trailing 4-quarter PCL
on impaired loans
4 Trailing 4-quarter PCL on impaired loans includes Q2'23, Q3'23 and Q4'23 annualized BOTW PCL
BMOM
Risk Review ⚫ December 1, 2023
25View entire presentation