Who we are

8th largest

bank in North America by assets

$1,374 billion

in total assets


serving customers for
206 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

More than

4 million

personal, small business and commercial customers in the United States

As at April 30, 2024.

Q2 2024 corporate fact sheet (PDF, 150 KB)

Financial Performance

Medium-term objectives1 2023 financial performance   3-year3 financial performance
  Reported Adjusted2   Reported Adjusted2
EPS growth of 7% to 10% (71.6)% (11.4)%   (9.1)% 15.0%
ROE of 15% or more 6.0% 12.3%   14.6% 14.7%
ROTCE of 18% or more 8.2% 15.8%   16.8% 17.1%
Net operating leverage2 of 2% or more (45.9)% (8.2)%   (6.8)%
Capital ratios that exceed regulatory requirements 12.5% CET1 Ratio4     na  

A 195-year dividend record

BMO Financial Group has the longest-running dividend payout record of any company in Canada, at 195 years. BMO common shares had an annual dividend yield of 5.5% at October 31, 2023.

Compound annual growth rate:


BMO 15-year


BMO 5-year

Learn more about BMO’s dividend information

Earnings Per Share Growth – 2021 Reported: 53.3%; 2021 Adjusted(2): 68.0%; 2022 Reported: 72.7%; 2022 Adjusted(2): 2.1%; 2023 Reported: -71.6%; 2023 Adjusted(2): -11.4%.
Return on Equity – 2021 Reported: 14.9%; 2021 Adjusted(2): 16.7%; 2022 Reported: 22.9%; 2022 Adjusted(2): 15.2%; 2023 Reported: 6.0%; 2023 Adjusted(2): 12.3%.

Net Income (C$ billions) – 2021 Reported: 7.8; 2021 Adjusted(2): 8.7; 2022 Reported: 13.5; 2022 Adjusted(2): 9.0; 2023 Reported: 4.4; 2023 Adjusted(2): 8.7.
Total Shareholder Return(5) – BMO 1-year: -12.5%; S&P/TSX Composite Index 1-year: 0.4%; BMO 3-year: 14.3%; S&P/TSX  Composite Index 3-year: 9.8%; BMO 5-year: 5.6%; S&P/TSX Composite Index 5-year: 8.0%.
Net Income by Geography – Canada/Other Reported: 97%; Canada/Other Adjusted(2): 55%; U.S. Reported: 3%; U.S. Adjusted(2): 45%.
Reported Net Income by Operating Group(6) – Canadian P&C: 40%; U.S. P&C: 30%; BMO WM: 12%; BMO CM: 18%;

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 3-year EPS growth rate and operating leverage, net of CCPB, reflect compound annual growth rates (CAGR).

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

5 As of October 31, 2023.

6 Percentages determined excluding results in Corporate Services.

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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