Who we are

8th largest

bank in North America by assets

$1,042 B*

in total assets

An engaged and diverse team of employees

Three operating groups

Personal and
Commercial Banking

BMO Wealth
Management

BMO Capital
Markets

We serve

customers globally

8 million

personal and commercial customers in Canada

2+ million

personal, small business and commercial customers in the United States

*As at April 30, 2022

7 Things to Know About BMO

Read more about BMO, including who we are, what matters to us – and what sets us apart.

7 Things to Know About BMO

Read more about BMO, including who we are, what matters to us – and what sets us apart.


A 193-Year Dividend Record

BMO Financial Group has the longest-running dividend payout record of any company in Canada, at 193 years.
BMO common shares had an annual dividend yield of 3.2% at October 31, 2021.

Compound annual growth rate:

4.3%

BMO 15-year

4.5%

BMO 5-year

Dividends Declared ($ per share) - 2006: 2.26; 2007: 2.71; 2008: 2.80; 2009: 2.80; 2010: 2.80; 2011: 2.80; 2012: 2.82; 2013: 2.94; 2014: 3.08; 2015: 3.24; 2016: 3.40; 2017: 3.56; 2018: 3.78; 2019: 4.06; 2020: 4.24; 2021: 4.24.

Financial Performance

Medium-term objectives2021 financial performance
 Reported1Adjusted1
Adjusted EPS growth of 7% to 10%53.3%68.0%
Adjusted ROE of 15% or more14.9%16.7%
Adjusted net operating leverage of 2% or more0.4%6.1%
Capital ratios that exceed regulatory requirements13.7%
CET1 Ratio2
 
Earnings per share growth (%) – 2017 Reported: 14.3; 2017 Adjusted 8.3; 2018 Reported: 3.3; 2018 Adjusted: 10.3; 2019 Reported: 6.0; 2019 Adjusted: 4.9; 2020 Reported: -12.8; 2020 Adjusted: -18.2; 2021 Reported: 53.3; 2021 Adjusted: 68.0.
Average annual ROE (%) – 2019 Reported: 12.6; 2019 Adjusted: 13.7; 2020 Reported: 10.1; 2020 Adjusted: 10.3; 2021 Reported: 14.9; 2021 Adjusted: 16.7.
Common Equity Tier 1 Ratio – 2019: 11.4; 2020: 11.9; 2021: 13.7.
Total Shareholder Return (%) – BMO 1-year: 75.9; S&P/TSX Composite Index 1-year: 38.8; BMO 3-year: 15.7; S&P/TSX Composite Index 3-year: 15.4; BMO 5-year: 14.0; S&P/TSX Composite Index 5-year: 10.6.
Net Revenue (C$ billions) – 2019: 22.8; 2020: 23.5; 2021: 25.8.
Net Income (C$ billions) – 2019 Reported: 5.8; 2019 Adjusted: 6.2; 2020 Reported: 5.1; 2020 Adjusted: 5.2; 2021 Reported 7.8; 2021 Adjusted: 8.7.
Reported Net Revenue(1) by Geography – U.S.: 36%; Canada: 58%; Other: 6%.
Reported Net Revenue(1) by Operating Group(3) – BMO CM: 23%; Canadian P&C: 34%; U.S. P&C: 21%; BMO WM: 22%.

1 Net revenue and all adjusted measures are non-GAAP measures. For further information, see the Non-GAAP and Other Financial Measures section of Management’s Discussion and Analysis (“MD&A”). Regarding the composition of non-GAAP and other financial measures, including supplementary financial measures, refer to the Glossary of Financial Terms in the MD&A.

2 The CET1 ratio is disclosed in accordance with OSFI’s Capital Adequacy Requirements (CAR) Guideline.

3 Percentages determined excluding results in Corporate Services.

Certain comparative figures have been reclassified to conform with the current year’s presentation.

Bank of Montreal brands the organization’s member companies as BMO Financial Group. Note 26 of the financial statements lists the intercorporate relationships among Bank of Montreal and its significant subsidiaries.

Stay up to date with our quarterly results, investor events, shareholder information and other key resources.

Find out how our commitment to doing what’s right helps us drive positive change.

Good corporate governance matters to our shareholders, our customers, our employees – and to us.