Cash flow Bank of Montreal

Equities

BMO

CA0636711016

Banks

Market Closed - Toronto S.E. Other stock markets 01:30:00 11/09/2024 am IST			5-day change	1st Jan Change
112.79 ^CAD	+0.17%		+1.11%	-13.97%

10/09	Transcript : Bank of Montreal Presents at Barclays 22nd Annual Global Financial Services Conference 2024, Sep-10-2024 09:00 AM
06/09	CIBC Raises Price Target on Six Canadian Banks Following Q3 Results	MT

ff24a7bc93cfa6e8308ab220fe1539.fSSqwVo0N5XlPnSFz9plj7TY-uhT2ROSX9ChrZ-iyjo.DwnDmCxbVPGkZCDHhpY15v-rkrBk4V-jauPMmdT6mm8NXtq3aGVyopNbQA

Published financial data: BANK OF MONTREAL

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2019	2020	2021	2022	2023
Interest Income On Loans	19.82B	17.94B	15.73B	20.46B	40.17B
Interest Income On Investments	6.33B	5.37B	4.16B	6.43B	15.4B
Interest Income, Total	26.15B	23.32B	19.89B	26.9B	55.57B
Interest On Deposits	8.62B	6.24B	3.22B	6.71B	26.55B
Total Interest On Borrowings	4.65B	3.1B	2.36B	4.3B	10.35B
Interest Expense, Total	13.26B	9.34B	5.58B	11.01B	36.89B
Net Interest Income	12.89B	13.97B	14.31B	15.88B	18.68B
Service Charges On Deposits	1.2B	1.22B	1.24B	1.32B	1.52B
Trust Income	1.75B	1.81B	1.98B	1.77B	1.85B
Income From Trading Activities	298M	15M	296M	8.25B	-216M
Gain (Loss) on Sale of Assets	-	-	-78M	-8M	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	249M	124M	591M	281M	181M
Income (Loss) on Equity Invest. (Income Block)	151M	161M	248M	274M	185M
Total Other Non Interest Income	8.95B	7.89B	8.49B	5.92B	9B
Non Interest Income, Total	12.6B	11.22B	12.77B	17.81B	12.52B
Revenues Before Provison For Loan Losses	25.48B	25.19B	27.08B	33.69B	31.2B
Provision For Loan Losses	872M	2.95B	20M	313M	2.18B
Total Revenues	24.61B	22.23B	27.06B	33.38B	29.02B
Salaries And Other Employee Benefits	7.73B	7.58B	6.77B	8.04B	10.92B
Amort. of Goodwill & Intang. Assets	554M	620M	634M	604M	1.02B
Occupancy Expense	2.35B	2.93B	3.09B	3.64B	4.88B
Selling General & Admin Expenses, Total	2.7B	1.84B	3.07B	2.34B	2.93B
Total Other Non Interest Expense	4B	2.92B	2.44B	878M	3.42B
Non Interest Expense, Total	17.34B	15.88B	16B	15.5B	23.16B
EBT, Excl. Unusual Items	7.27B	6.35B	11.06B	17.89B	5.86B
Restructuring Charges	-	-	24M	-	-
Total Merger & Related Restructuring Charges	-	-	-9M	-	-
Impairment of Goodwill	-	-	-779M	-	-
Asset Writedown	-	-4M	-36M	-	-
EBT, Incl. Unusual Items	7.27B	6.35B	10.26B	17.89B	5.86B
Income Tax Expense	1.51B	1.25B	2.5B	4.35B	1.49B
Earnings From Continuing Operations	5.76B	5.1B	7.75B	13.54B	4.38B
Net Income to Company	5.76B	5.1B	7.75B	13.54B	4.38B
Minority Interest	-	-	-	-	-12M
Net Income - (IS)	5.76B	5.1B	7.75B	13.54B	4.36B
Preferred Dividend and Other Adjustments	211M	247M	244M	231M	331M
Net Income to Common Incl Extra Items	5.55B	4.85B	7.51B	13.31B	4.03B
Net Income to Common Excl. Extra Items	5.55B	4.85B	7.51B	13.31B	4.03B
Per Share Items
Net EPS - Basic	8.68	7.56	11.6	20.04	5.69
Basic EPS - Continuing Operations	8.68	7.56	11.6	20.04	5.69
Basic Weighted Average Shares Outstanding	639M	641M	647M	664M	709M
Net EPS - Diluted	8.66	7.55	11.58	19.99	5.68
Diluted EPS - Continuing Operations	8.66	7.55	11.58	19.99	5.68
Diluted Weighted Average Shares Outstanding	640M	642M	649M	666M	711M
Normalized Basic EPS	7.11	6.19	10.68	16.84	5.15
Normalized Diluted EPS	7.1	6.18	10.65	16.79	5.14
Dividend Per Share	4.06	4.24	4.24	5.44	5.8
Payout Ratio	47.79	48.56	38.43	19.17	61.92
Supplemental Items
Effective Tax Rate - (Ratio)	20.82	19.71	24.41	24.32	25.35
Total Current Taxes	1.18B	1.16B	2.32B	3.87B	2.22B
Total Deferred Taxes	330M	87M	184M	475M	-732M
Normalized Net Income	4.54B	3.97B	6.91B	11.18B	3.65B
Non-Cash Pension Expense	-20M	6M	12M	-26M	-55M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	690M	368M	1.57B	760M	597M
Total Stock-Based Compensation	690M	368M	1.57B	760M	597M

Fiscal Period: October	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	46.91B	57.3B	93.15B	87.38B	77.81B
Investment Securities, Total	193B	220B	203B	244B	254B
Trading Asset Securities, Total	108B	135B	141B	156B	165B
Mortgage Backed Securities	22.28B	37.3B	40.7B	40.29B	63.37B
Total investments	324B	392B	385B	440B	482B
Gross Loans	428B	448B	461B	554B	661B
Allowance For Loan Losses	-1.85B	-3.3B	-2.56B	-2.62B	-3.81B
Net Loans	426B	445B	459B	552B	657B
Gross Property Plant And Equipment	7.57B	9.98B	9.99B	11.18B	13.25B
Accumulated Depreciation	-4.65B	-5.12B	-5.12B	-6.07B	-6.88B
Net Property Plant And Equipment	2.92B	4.86B	4.87B	5.1B	6.36B
Goodwill	6.34B	6.54B	5.38B	5.28B	16.73B
Other Intangibles, Total	2.42B	2.44B	2.27B	2.19B	5.22B
Accrued Interest Receivable	1.76B	1.59B	1.45B	2.73B	4.1B
Other Receivables	5.17B	5.68B	6.96B	7.62B	10.49B
Restricted Cash	5.41B	6.46B	6.55B	13.67B	10.06B
Other Current Assets, Total	25.31B	21.24B	17.31B	16.2B	12.81B
Deferred Tax Assets Long-Term (Collected)	1.57B	1.47B	1.29B	1.18B	3.08B
Other Real Estate Owned And Foreclosed	62M	27M	11M	13M	-
Other Long-Term Assets, Total	4.47B	4.51B	5.08B	5.83B	7.61B
Total Assets	852B	949B	988B	1,139B	1,293B
Liabilities
Accounts Payable, Total	8.61B	8.72B	9.44B	11.65B	11.99B
Accrued Expenses, Total	11.58B	12.44B	12.84B	11.2B	16.21B
Interest Bearing Deposits	201B	290B	319B	292B	360B
Institutional Deposits	274B	258B	236B	315B	386B
Non-Interest Bearing Deposits	58.47B	77.09B	93.31B	91.27B	82.46B
Total Deposits	533B	626B	648B	698B	828B
Short-Term Borrowings	33.15B	38.73B	44.65B	102B	103B
Current Portion of Long-Term Debt	91.42B	94.2B	102B	111B	111B
Long-Term Debt	54.86B	54.46B	51.46B	57.71B	58.92B
Long-Term Leases	-	2.41B	2.74B	2.84B	3.51B
Current Income Taxes Payable	55M	126M	221M	425M	44M
Accrued Interest Payable	1.69B	1.36B	960M	2.32B	5.3B
Other Current Liabilities - (Bank / Utility Template)	54.97B	49.46B	52.83B	59.64B	58.76B
Pension & Other Post Retirement Benefits	1.45B	1.7B	1.23B	920M	1B
Deferred Tax Liability Non-Current	60M	108M	192M	102M	16M
Other Non Current Liabilities	10.14B	2.97B	3.81B	10.46B	18.12B
Total Liabilities	801B	893B	931B	1,068B	1,216B
Preferred Stock Redeemable	290M	290M	-	-	-
Preferred Stock Convertible	4.4B	4.4B	3.65B	2.65B	3.3B
Total Preferred Equity	4.69B	4.69B	3.65B	2.65B	3.3B
Common Stock, Total	12.97B	13.43B	13.6B	17.74B	22.94B
Additional Paid In Capital	303M	302M	313M	317M	328M
Retained Earnings	28.72B	30.74B	35.5B	45.12B	44.92B
Comprehensive Income and Other	4.39B	7.43B	4.46B	5.21B	5.52B
Total Common Equity	46.39B	51.9B	53.87B	68.39B	73.71B
Minority Interest	-	-	-	-	28M
Total Equity	51.08B	56.59B	57.52B	71.04B	77.04B
Total Liabilities And Equity	852B	949B	988B	1,139B	1,293B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	639M	646M	648M	677M	721M
ECS Total Common Shares Outstanding	639M	646M	648M	677M	721M
Book Value / Share	72.57	80.36	83.12	101	102.24
Tangible Book Value	37.62B	42.93B	46.23B	60.91B	51.76B
Tangible Book Value Per Share	58.85	66.46	71.33	89.96	71.81
Average Assets	833B	942B	981B	1,072B	1,248B
Average Loans	410B	445B	450B	504B	613B
Total Debt	179B	190B	201B	273B	276B
Debt Equivalent of Unfunded Proj. Benefit Obligation	143M	429M	-809M	-1.18B	-1.05B
Net Debt	-87.52B	-123B	-149B	-89.46B	-85.72B
Equity Method Investments, Total	-	985M	1.14B	1.29B	1.46B
Full Time Employees	45.51K	43.36K	43.86K	46.72K	55.77K
Number Of Offices	1.46K	1.41K	1.4K	1.38K	1.89K
Assets under Capital Lease - Gross	-	-	-	-	-

Fiscal Period: October	2019	2020	2021	2022	2023
Net Income	5.76B	5.1B	7.75B	13.54B	4.36B
Depreciation, Depletion & Amortization	651M	998M	931M	876M	1.08B
Amortization of Goodwill and Intangible Assets - (CF)	159M	142M	104M	48M	362M
Total Depreciation, Depletion & Amortization	810M	1.14B	1.04B	924M	1.45B
Amortization of Deferred Charges, Total	395M	478M	530M	556M	653M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	29M	-
(Gain) Loss on Sale of Investments - (CF)	-249M	-124M	-591M	-281M	-181M
Total Asset Writedown	-	-	779M	-	-
Provision for Credit Losses	872M	2.95B	20M	313M	2.18B
Change in Trading Asset Securities	20.72B	-22.5B	-9.9B	-11.68B	-190M
Changes in Accrued Interest Receivable	-299M	178M	75M	-1.17B	1.95B
Changes in Accrued Interest Payable	313M	-352M	-366M	1.31B	-
Change In Income Taxes	360M	7M	-396M	484M	-990M
Change In Deferred Taxes	468M	137M	212M	-	-
Change in Other Net Operating Assets (Collected)	-47.85B	-24.51B	-7.34B	-44.78B	-37.51B
Other Operating Activities	-	-	-	475M	-720M
Cash from Operations	-18.71B	-37.5B	-8.2B	-40.28B	-29B
Capital Expenditure	-478M	-399M	-484M	-777M	-885M
Cash Acquisitions	-	-186M	-	-	-15.1B
Divestitures	-	-	63M	1.23B	-
Purchase / Sale of Intangible Assets	-650M	-633M	-499M	-671M	-792M
Investment in Marketable and Equity Securities, Total	-18.45B	-30.76B	621M	-29.25B	-4.38B
Cash from Investing	-19.58B	-31.97B	-299M	-29.47B	-21.16B
Short Term Debt Issued, Total	-	-	-	6.93B	2.07B
Long-Term Debt Issued, Total	5.17B	5.68B	5.4B	14.78B	9.18B
Total Debt Issued	5.17B	5.68B	5.4B	21.71B	11.24B
Long-Term Debt Repaid, Total	-5.99B	-14.68B	-6.65B	-6.97B	-12.28B
Total Debt Repaid	-5.99B	-14.68B	-6.65B	-6.97B	-12.28B
Issuance of Common Stock	54M	-	159M	3.11B	3.35B
Repurchase of Common Stock	-90M	-76M	-	-17M	-
Issuance of Preferred Stock	1.01B	1.25B	-	2.24B	648M
Repurchase of Preferred Stock	-	-	-1.05B	-1.5B	-
Common & Preferred Stock Dividends Paid	-2.75B	-2.48B	-2.98B	-2.6B	-2.7B
Common & Preferred Stock Dividends Paid	-2.75B	-2.48B	-2.98B	-2.6B	-2.7B
Net Increase (Decrease) in Deposit Accounts - (CF)	48.01B	88.34B	52.24B	45.23B	38.59B
Other Financing Activities, Total	-8M	-3M	-	-	-
Cash from Financing	45.4B	78.04B	47.12B	61.21B	38.86B
Foreign Exchange Rate Adjustments	-450M	47M	-2.78B	2.74B	1.77B
Net Change in Cash	6.66B	8.6B	35.85B	-5.8B	-9.53B
Supplemental Items
Cash Interest Paid	12.96B	9.68B	5.86B	9.56B	33.75B
Cash Income Tax Paid (Refund)	1.21B	1.54B	2.17B	2.37B	2.59B
Net Debt Issued / Repaid	-824M	-9B	-1.26B	14.73B	-1.03B

Fiscal Period: October	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.71	0.57	0.8	1.27	0.36
Return On Equity %	11.9	9.47	13.59	21.06	5.91
Return on Common Equity	12.64	9.87	14.2	21.77	5.68
Shareholders Value Added	651M	-658M	1.5B	6.25B	-3.8B
Margin Analysis
SG&A Margin	51.94	55.52	47.78	41.98	64.52
Net Interest Income / Total Revenues %	52.37	62.84	52.88	47.59	64.37
EBT Excl. Non-Recurring Items Margin %	29.55	28.57	40.87	53.58	20.2
Income From Continuing Operations Margin %	23.4	22.93	28.66	40.55	15.08
Net Income Margin %	23.4	22.93	28.66	40.55	15.04
Net Avail. For Common Margin %	22.54	21.81	27.75	39.86	13.9
Normalized Net Income Margin	18.47	17.86	25.54	33.49	12.59
Asset quality
Nonperforming Loans / Total Loans %	0.61	0.81	0.47	0.36	0.6
Nonperforming Loans / Total Assets %	0.31	0.38	0.22	0.17	0.31
Nonperforming Assets / Total Assets %	0.32	0.39	0.22	0.18	0.31
NPAs / Loans and OREO	0.63	0.82	0.47	0.36	0.6
NPAs / Equity	5.27	6.48	3.79	2.82	5.16
Allowance for Credit Losses / Net Charge-offs %	320.62	292.82	415.56	659.19	412.01
Allowance for Credit Losses / Nonperforming Loans %	70.37	90.79	118.21	131.44	96.14
Allowance for Credit Losses / Total Loans %	0.43	0.74