Who we are

8th largest

bank in North America by assets


in total assets


serving customers for
205 years and counting

Three operating groups

Personal and
Commercial Banking

BMO Wealth

BMO Capital

We serve

13 million

customers globally

8 million

personal and commercial customers in Canada

4 million

personal, small business and commercial customers in the United States

Q3 2023 corporate fact sheet (PDF, 118 KB)

Financial Performance

Medium-term objectives1 2022 financial performance
  Reported Adjusted2
EPS growth of 7% to 10% 72.7% 2.1%
ROE of 15% or more 22.9% 15.2%
Net operating leverage of 2% or more 29.0% 1.3%
Capital ratios that exceed regulatory requirements 16.7% CET1 Ratio3  

A 194-year dividend record

BMO Financial Group has the longest-running dividend payout record of any company in Canada, at 194 years. BMO common shares had an annual dividend yield of 4.3% at October 31, 2022.

Compound annual growth rate:


BMO 15-year


BMO 5-year

Learn more about BMO’s dividend information

Earnings Per Share Growth – 2020: -12.8% reported, -18.2% adjusted(2); 2021: 53.3% reported, 68.0% adjusted(2); 2022: 72.7% reported, 2.1% adjusted(2).
Return on Equity – 2020: 10.1% reported, 10.3% adjusted(2); 2021: 14.9% reported, 16.7% adjusted(2); 2022: 22.9% reported, 15.2% adjusted(2).

Net Income (C$ billions) – 2020: 5.1 reported, 5.2 adjusted(2); 2021: 7.8 reported, 8.7 adjusted(2); 2022: 13.5 reported, 9.0 adjusted(2).
Total Shareholder Return(4) – BMO 1-year: -3.1%, S&P/TSX Composite Index 1-year: -4.9%; BMO 3-year: 13.4%, S&P/TSX Composite Index 3-year: 8.8%; BMO 5-year: 9.2%, S&P/TSX Composite Index 5-year: 7.1%.
Net Income by Geography – Canada: 41% reported, 63% adjusted(2); U.S.: 58% reported, 36% adjusted(2); Other: 1% reported, 1% adjusted(2)
Reported Net Income by Operating Group(5) – BMO CM: 19%; Canadian P&C: 41%; U.S. P&C: 27%; BMO WM: 13%.

1 We have established medium-term financial objectives for certain important performance measures. Medium-term is generally defined as three to five years, and performance is measured on an adjusted basis.

2 Net revenue measures 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.

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

4 As of October 31, 2022.

5 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 consolidated financial statements lists the intercorporate relationships among Bank of Montreal and its significant subsidiaries.

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