Who we are
bank in North America by assets
in total assets
serving customers for
205 years and counting
Three operating groups
personal and commercial customers in Canada
personal, small business and commercial customers in the United States
|Medium-term objectives1||2022 financial performance|
|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.
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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