BMO Financial Group Reports Second Quarter 2026 Results
Rhea-AI Summary
BMO (TSX:BMO, NYSE:BMO) reported Q2 2026 net income of $2,630 million, up 34% year-over-year, with EPS of $3.53, up 41%. Adjusted net income was $2,733 million and adjusted EPS $3.67, both up 34–40%.
Provision for credit losses fell to $739 million from $1,054 million and reported ROE rose to 13.0%. BMO raised its common share dividend to $1.71 and repurchased 6.0 million shares. CET1 capital was 13.0%. BMO agreed to sell its Transportation and Vendor Finance businesses to Stonepeak, expecting an approximately $1.1 billion pre-tax charge at closing.
AI-generated analysis. Not financial advice.
Positive
- Q2 2026 net income rose 34% to $2,630 million
- Q2 2026 EPS increased 41% to $3.53; adjusted EPS $3.67, up 40%
- Provision for credit losses decreased to $739 million from $1,054 million
- Reported ROE improved to 13.0% from 9.4%; adjusted ROE 13.5%
- Quarterly common dividend raised to $1.71 per share, up 5% year-over-year
- Repurchased 6.0 million common shares at an average price of $193.47
Negative
- Common Equity Tier 1 (CET1) Ratio declined to 13.0% from 13.5% year-over-year
- Planned sale of Transportation and Vendor Finance expected to trigger ~$1.1 billion pre-tax charge
- Provision for credit losses remains elevated at $739 million despite year-over-year decline
News Market Reaction – BMO
On the day this news was published, BMO gained 0.80%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers in diversified banks showed small, mixed moves (e.g., BNS +0.02%, BK +0.18%, SMFG -0.13%) with no broad momentum signal, suggesting BMO’s reaction was primarily stock-specific to its Q2 results.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 25 | Q1 2026 earnings | Positive | +4.1% | Q1 2026 EPS and net income growth with CET1 at 13.1%. |
| Aug 26 | Q3 2025 earnings | Positive | +4.9% | Q3 2025 strong EPS and net income with CET1 at 13.5%. |
| May 28 | Q2 2025 earnings | Positive | +1.4% | Q2 2025 higher EPS, dividend increase and CET1 at 13.5%. |
| Feb 25 | Q1 2025 earnings | Positive | +4.4% | Q1 2025 EPS and net income up with CET1 at 13.6%. |
| Dec 05 | Q4 2024 earnings | Positive | +4.5% | Q4 2024 net income growth and CET1 ratio strengthening. |
Earnings releases have consistently been followed by positive share price reactions, with an average move of about 3.87% on past earnings-related news.
Over the last few earnings cycles, BMO has reported steady growth in net income and EPS alongside strong capital ratios. Q4 2024, Q1 and Q2 2025, and Q1 2026 all highlighted higher earnings and CET1 ratios around 13.1–13.6%, often paired with dividend increases and share repurchases. These announcements typically coincided with single‑day gains of roughly 1–5%, indicating that markets have historically rewarded BMO’s earnings delivery and capital management.
Historical Comparison
In the past year, BMO’s earnings releases produced average single‑day moves of 3.87%, with all recent events showing positive reactions to strong capital and earnings trends.
Earnings reports from Q4 2024 through Q2 2026 show a pattern of rising net income and EPS, stable CET1 ratios in the mid‑13% range, and recurring dividend increases and buybacks, underscoring a multi‑quarter focus on profitable growth and capital return.
Market Pulse Summary
This announcement highlights robust Q2 2026 earnings, with higher net income, EPS and ROE plus reduced credit losses, while maintaining a 13.0% CET1 ratio and raising the dividend to $1.71 per share. Management also outlined a sale of Transportation and Vendor Finance assets that is expected to trigger a roughly $1.1B pre-tax charge. Investors may watch future quarters for capital trends, credit quality and how the divestiture affects long‑term returns.
Key Terms
common equity tier 1 (cet1) ratio regulatory
normal course issuer bid financial
goodwill financial
non-gaap financial
ifrs financial
fdic special assessment regulatory
tangible common equity financial
AI-generated analysis. Not financial advice.
BMO's Second Quarter 2026 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended April 30, 2026, are available online at www.bmo.com/investorrelations, on the Canadian Securities Administrators' website at www.sedarplus.ca, and on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov.
Financial Results Highlights
Second Quarter 2026 compared with Second Quarter 2025:
- Reported net income1 of
$2 34% from$1 $2 34% from$2,046 million - Reported earnings per share (EPS)2 of
$3.53 41% from$2.50 $3.67 40% from$2.62 - Provision for credit losses (PCL) of
$739 million , a decrease from$1 - Reported return on equity (ROE) of
13.0% , compared with9.4% ; adjusted ROE1 of13.5% , compared with9.8% - Common Equity Tier 1 (CET1) Ratio3 of
13.0% , compared with13.5% - Declared a quarterly dividend of
$1.71 $0.08 5% from the prior year and$0.04 2% from the prior quarter
Year-to-Date 2026 compared with Year-to-Date 2025:
- Reported net income1 of
$5 25% from$4 $5 22% from$4,335 million - Reported EPS2 of
$6.92 30% from$5.34 $7.15 26% from$5.66 - PCL of
$1 $2 - Reported ROE of
12.5% , compared with10.0% ; adjusted ROE1 of12.9% , compared with10.6%
"At our March Investor Day, we reviewed our plan to elevate returns and accelerate growth. Our second quarter results continued to demonstrate meaningful progress and momentum against these commitments. We once again strengthened ROE and delivered strong EPS growth, driven by robust fee revenue across Capital Markets, Wealth Management and Treasury and Payments. We delivered solid sequential commercial banking loan growth in both
"Our value‑driven approach to human‑ and AI‑powered client experiences is delivering tangible benefits. To continue to advance our innovation strategy, we recently established the BMO Institute for Applied Artificial Intelligence & Quantum, dedicated to the responsible application, governance and oversight of AI at scale, and support our clients as they integrate AI into their companies and households. Disciplined investment, capital and risk management continue to strengthen our earnings quality, creating sustainable long‑term value for our shareholders," concluded Mr. White.
Concurrent with the release of results, BMO announced a third quarter 2026 dividend of
On May 11, 2026, we entered into a definitive agreement with Stonepeak for the sale of BMO's Transportation Finance and Vendor Finance businesses, including related loan portfolios which are part of our
The transaction met the accounting requirements for assets held for sale in the third quarter of fiscal 2026, and as a result, we expect to recognize a charge of approximately
Caution | |
The foregoing section contains forward-looking statements. Please refer to the Caution Regarding Forward-Looking Statements section. | |
(1) | Results and measures in this document are presented on a generally accepted accounting principles (GAAP) basis. They are also presented on an adjusted basis that excludes the impact of certain specified items from reported results. Adjusted results and ratios are non-GAAP and are detailed in the Non-GAAP and Other Financial Measures section. Unless otherwise indicated, all amounts are in Canadian dollars. All ratios and percentage changes in this document are based on unrounded numbers. |
(2) | All EPS measures in this document refer to diluted EPS, unless specified otherwise. |
(3) | The CET1 Ratio is disclosed in accordance with the Capital Adequacy Requirements (CAR) Guideline, as set out by the Office of the Superintendent of Financial Institutions (OSFI), as applicable. |
Second Quarter 2026 Performance Review
Adjusted results and ratios in this section are on a non-GAAP basis. Refer to the Non-GAAP and Other Financial Measures section for further information on adjusting items.
Canadian P&C
Reported net income was
Reported net income was
On a
Wealth Management
Reported net income was
Capital Markets
Reported net income was
Corporate Services
Reported net loss was
Credit Quality
Total provision for credit losses was
Refer to the Critical Accounting Estimates and Judgments section of BMO's 2025 Annual Report and Note 3 of the audited annual consolidated financial statements for further information on the allowance for credit losses as at October 31, 2025.
Capital
BMO's Common Equity Tier 1 (CET1) Ratio was
Non-GAAP and Other Financial Measures
Results and measures in this document are presented on a generally accepted accounting principles (GAAP) basis. Unless otherwise indicated, all amounts are in Canadian dollars and have been derived from our audited annual consolidated financial statements and our unaudited interim consolidated financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). References to GAAP mean IFRS. We use a number of financial measures to assess our performance, as well as the performance of our operating segments, including amounts, measures and ratios that are presented on a non‑GAAP basis, as described below. We believe that these non‑GAAP amounts, measures and ratios, read together with our GAAP results, provide readers with a better understanding of how management assesses results.
Non-GAAP amounts, measures and ratios do not have standardized meanings under GAAP. They are unlikely to be comparable to similar measures presented by other companies and should not be viewed in isolation from, or as a substitute for, GAAP results.
Certain information contained in BMO's Second Quarter 2026 Management's Discussion and Analysis dated May 27, 2026, for the period ended April 30, 2026, is incorporated by reference into this document. For further details on the composition of our supplementary financial measures, refer to the Glossary of Financial Terms section of BMO's Second Quarter 2026 Report to Shareholders, which is available online at www.bmo.com/investorrelations and at www.sedarplus.ca.
Adjusted measures and ratios
Management considers both reported and adjusted results and measures to be useful in assessing underlying ongoing business performance. Adjusted results and measures remove certain specified items from revenue, non‑interest expense and income taxes, as detailed in the following table. Adjusted results and measures presented in this document are non‑GAAP. Presenting results on both a reported and an adjusted basis permits readers to assess the impact of certain items on results for the periods presented, and to better assess results excluding those items that may not reflect ongoing business performance. As such, the presentation may facilitate readers' analysis of underlying trends. Except as otherwise noted, management's discussion of changes in reported results in this document applies equally to changes in the corresponding adjusted results.
Net Interest Margin, excluding Global Markets and Insurance
Effective the first quarter of fiscal 2026, we report net interest margin on a basis that excludes net interest income from our Global Markets business in Capital Markets, and average earning assets from our Global Markets and Insurance businesses. Management considers this measure to be useful in allowing readers to assess performance of BMO's lending, investing and deposit-raising activities without the volatility that may be associated with market and trading-related activities. This measure replaces net interest margin, excluding trading and insurance previously disclosed, and prior periods have been reclassified to conform with the current period's presentation.
Tangible common equity and return on tangible common equity
Tangible common equity is calculated as common shareholders' equity, less goodwill and acquisition-related intangible assets, net of related deferred tax liabilities. Return on tangible common equity (ROTCE) is calculated as net income available to common shareholders, adjusted for the amortization of acquisition-related intangible assets and any impairments, as a percentage of average tangible common equity. ROTCE is commonly used in the North American banking industry and is meaningful as a consistent measure of the performance of businesses, whether they were acquired or developed organically.
Adjusting Items
Adjusted results in the current quarter and prior periods excluded the following items:
- Impact of divestitures related to the announced sale of 138 branches in select
U.S. markets, recorded in non-interest expense in Corporate Services. Q2-2026 included expenses of$26 million ($24 million after-tax), comprising a write-down of goodwill of$18 million and divestiture-related costs of$8 million . Prior periods included divestiture-related costs of$4 million ($3 million after-tax) in Q1-2026. - Acquisition and integration costs of
$3 million $2 million $9 million $7 million $2 million $1 million $10 million $7 million - Amortization of acquisition-related intangible assets of
$93 million $70 million $96 million $71 million $109 million $81 million $106 million $79 million - Change in the fair value of contingent consideration related to the acquisition of Burgundy, which reduced non-interest revenue in the current quarter by
$7 million $16 million U.S. Federal Deposit Insurance Corporation (FDIC) special assessment recorded in non-interest expense in Corporate Services. Q1-2026 included a partial reversal of a prior charge of$47 million ($35 million after-tax). Prior periods included expenses of$5 million ($4 million after-tax) in Q2-2025 and a partial reversal of$7 million ($5 million after-tax) in Q1-2025.- Impact of aligning accounting policies for employee vacation across legal entities of
$96 million $70 million
Adjusting items in aggregate decreased net income by
Non-GAAP and Other Financial Measures (1)
TABLE 1 | |||||
(Canadian $ in millions, except as noted) | Q2-2026 | Q1-2026 | Q2-2025 | YTD-2026 | YTD-2025 |
Reported Results | |||||
Net interest income | 5,268 | 5,643 | 5,097 | 10,911 | 10,495 |
Non-interest revenue | 4,299 | 4,181 | 3,582 | 8,480 | 7,450 |
Revenue | 9,567 | 9,824 | 8,679 | 19,391 | 17,945 |
Provision for credit losses | 739 | 746 | 1,054 | 1,485 | 2,065 |
Non-interest expense | 5,330 | 5,753 | 5,019 | 11,083 | 10,446 |
Income before income taxes | 3,498 | 3,325 | 2,606 | 6,823 | 5,434 |
Provision for income taxes | 868 | 836 | 644 | 1,704 | 1,334 |
Net income | 2,630 | 2,489 | 1,962 | 5,119 | 4,100 |
Dividends on preferred shares and distributions on other equity instruments | 139 | 81 | 142 | 220 | 207 |
Net income (loss) attributable to non-controlling interest in subsidiaries | 4 | (1) | 2 | 3 | 6 |
Net income available to common shareholders | 2,487 | 2,409 | 1,818 | 4,896 | 3,887 |
Diluted EPS ($) | 3.53 | 3.39 | 2.50 | 6.92 | 5.34 |
Adjusting Items Impacting Revenue (Pre-tax) | |||||
Change in fair value of contingent consideration (2) | (7) | (16) | – | (23) | – |
Impact of adjusting items on revenue (pre-tax) | (7) | (16) | – | (23) | – |
Adjusting Items Impacting Non-Interest Expense (Pre-tax) | |||||
Acquisition and integration costs/reversal | (3) | (9) | 2 | (12) | (8) |
Amortization of acquisition-related intangible assets (3) | (93) | (96) | (109) | (189) | (215) |
Impact of divestitures | (26) | (4) | – | (30) | – |
FDIC special assessment | – | 47 | (5) | 47 | 2 |
Impact of alignment of accounting policies | – | – | – | – | (96) |
Impact of adjusting items on non-interest expense (pre-tax) | (122) | (62) | (112) | (184) | (317) |
Adjusting Items Impacting Revenue (After-tax) | |||||
Change in fair value of contingent consideration (2) | (7) | (16) | – | (23) | – |
Impact of adjusting items on revenue (after-tax) | (7) | (16) | – | (23) | – |
Adjusting Items Impacting Non-Interest Expense (After-tax) | |||||
Acquisition and integration costs/reversal | (2) | (7) | 1 | (9) | (6) |
Amortization of acquisition-related intangible assets (3) | (70) | (71) | (81) | (141) | (160) |
Impact of divestitures | (24) | (3) | – | (27) | – |
FDIC special assessment | – | 35 | (4) | 35 | 1 |
Impact of alignment of accounting policies | – | – | – | – | (70) |
Impact of adjusting items on non-interest expense (after-tax) | (96) | (46) | (84) | (142) | (235) |
Impact of adjusting items on reported net income (after-tax) | (103) | (62) | (84) | (165) | (235) |
Impact on diluted EPS ($) | (0.14) | (0.09) | (0.12) | (0.23) | (0.32) |
Adjusted Results | |||||
Net interest income | 5,268 | 5,643 | 5,097 | 10,911 | 10,495 |
Non-interest revenue | 4,306 | 4,197 | 3,582 | 8,503 | 7,450 |
Revenue | 9,574 | 9,840 | 8,679 | 19,414 | 17,945 |
Provision for credit losses | 739 | 746 | 1,054 | 1,485 | 2,065 |
Non-interest expense | 5,208 | 5,691 | 4,907 | 10,899 | 10,129 |
Income before income taxes | 3,627 | 3,403 | 2,718 | 7,030 | 5,751 |
Provision for income taxes | 894 | 852 | 672 | 1,746 | 1,416 |
Net income | 2,733 | 2,551 | 2,046 | 5,284 | 4,335 |
Net income available to common shareholders | 2,590 | 2,471 | 1,902 | 5,061 | 4,122 |
Diluted EPS ($) | 3.67 | 3.48 | 2.62 | 7.15 | 5.66 |
(1) | Adjusted results exclude certain items from reported results and are used to calculate our adjusted measures as presented in the table above. Refer to the commentary in this Non-GAAP and Other Financial Measures section for further information on adjusting items. |
(2) | Recorded in non-interest revenue. |
(3) | Represents amortization of acquisition-related intangible assets and any impairment. |
Summary of Reported and Adjusted Results by Operating Segment
TABLE 2 | |||||||
Wealth | Capital | Corporate | |||||
(Canadian $ in millions, except as noted) | Canadian P&C | Management | Markets | Services | Total Bank | (US$ in millions) | |
Q2-2026 | |||||||
Reported net income (loss) | 884 | 790 | 428 | 638 | (110) | 2,630 | 655 |
Dividends on preferred shares and distributions on | |||||||
other equity instruments | 11 | 14 | 1 | 15 | 98 | 139 | 15 |
Net income attributable to non-controlling interest in subsidiaries | – | 4 | – | – | – | 4 | 3 |
Net income (loss) available to common shareholders | 873 | 772 | 427 | 623 | (208) | 2,487 | 637 |
Acquisition and integration costs | – | – | 2 | – | – | 2 | – |
Amortization of acquisition-related intangible assets | 3 | 57 | 7 | 3 | – | 70 | 43 |
Change in fair value of contingent consideration | – | – | 7 | – | – | 7 | – |
Impact of divestitures | – | – | – | – | 24 | 24 | 18 |
Adjusted net income (loss) (2) | 887 | 847 | 444 | 641 | (86) | 2,733 | 716 |
Adjusted net income (loss) available to common shareholders (2) | 876 | 829 | 443 | 626 | (184) | 2,590 | 698 |
Q1-2026 | |||||||
Reported net income (loss) | 948 | 742 | 352 | 657 | (210) | 2,489 | 715 |
Dividends on preferred shares and distributions on | |||||||
other equity instruments | 13 | 14 | 2 | 15 | 37 | 81 | 17 |
Net income (loss) attributable to non-controlling interest in subsidiaries | – | (2) | – | – | 1 | (1) | (1) |
Net income (loss) available to common shareholders | 935 | 730 | 350 | 642 | (248) | 2,409 | 699 |
Acquisition and integration costs | – | – | 7 | – | – | 7 | – |
Amortization of acquisition-related intangible assets | 3 | 60 | 5 | 3 | – | 71 | 46 |
Change in fair value of contingent consideration | – | – | 16 | – | – | 16 | – |
Impact of divestitures | – | – | – | – | 3 | 3 | 2 |
FDIC special assessment | – | – | – | – | (35) | (35) | (26) |
Adjusted net income (loss) (2) | 951 | 802 | 380 | 660 | (242) | 2,551 | 737 |
Adjusted net income (loss) available to common shareholders (2) | 938 | 790 | 378 | 645 | (280) | 2,471 | 721 |
Q2-2025 | |||||||
Reported net income (loss) | 764 | 601 | 320 | 434 | (157) | 1,962 | 515 |
Dividends on preferred shares and distributions on | |||||||
other equity instruments | 11 | 16 | 1 | 10 | 104 | 142 | 3 |
Net income (loss) attributable to non-controlling interest in subsidiaries | – | 5 | – | – | (3) | 2 | 1 |
Net income (loss) available to common shareholders | 753 | 580 | 319 | 424 | (258) | 1,818 | 511 |
Acquisition and integration costs/reversal | – | – | – | – | (1) | (1) | (1) |
Amortization of acquisition-related intangible assets | 4 | 74 | – | 3 | – | 81 | 54 |
FDIC special assessment | – | – | – | – | 4 | 4 | 3 |
Adjusted net income (loss) (2) | 768 | 675 | 320 | 437 | (154) | 2,046 | 571 |
Adjusted net income (loss) available to common shareholders (2) | 757 | 654 | 319 | 427 | (255) | 1,902 | 567 |
YTD-2026 | |||||||
Reported net income (loss) | 1,832 | 1,532 | 780 | 1,295 | (320) | 5,119 | 1,370 |
Dividends on preferred shares and distributions on | |||||||
other equity instruments | 24 | 28 | 3 | 30 | 135 | 220 | 32 |
Net income attributable to non-controlling interest in subsidiaries | – | 2 | – | – | 1 | 3 | 2 |
Net income (loss) available to common shareholders | 1,808 | 1,502 | 777 | 1,265 | (456) | 4,896 | 1,336 |
Acquisition and integration costs | – | – | 9 | – | – | 9 | – |
Amortization of acquisition-related intangible assets | 6 | 117 | 12 | 6 | – | 141 | 89 |
Change in fair value of contingent consideration | – | – | 23 | – | – | 23 | – |
Impact of divestitures | – | – | – | – | 27 | 27 | 20 |
FDIC special assessment | – | – | – | – | (35) | (35) | (26) |
Adjusted net income (loss) (2) | 1,838 | 1,649 | 824 | 1,301 | (328) | 5,284 | 1,453 |
Adjusted net income (loss) available to common shareholders (2) | 1,814 | 1,619 | 821 | 1,271 | (464) | 5,061 | 1,419 |
(1) | |
(2) | Refer to the commentary in this Non-GAAP and Other Financial Measures section for details on adjusting items. |
Certain comparative figures have been reclassified to conform with the current period's presentation. | |
Summary of Reported and Adjusted Results by Operating Segment (Continued)
TABLE 2 (Continued) | |||||||
Wealth | Capital | Corporate | |||||
(Canadian $ in millions, except as noted) | Canadian P&C | Management | Markets | Services | Total Bank | (US$ in millions) | |
YTD-2025 | |||||||
Reported net income (loss) | 1,641 | 1,236 | 648 | 1,023 | (448) | 4,100 | 1,154 |
Dividends on preferred shares and distributions on | |||||||
other equity instruments | 23 | 31 | 3 | 20 | 130 | 207 | 6 |
Net income attributable to non-controlling interest in subsidiaries | – | 5 | – | – | 1 | 6 | 4 |
Net income (loss) available to common shareholders | 1,618 | 1,200 | 645 | 1,003 | (579) | 3,887 | 1,144 |
Acquisition and integration costs | – | – | – | – | 6 | 6 | 4 |
Amortization of acquisition-related intangible assets | 7 | 146 | – | 7 | – | 160 | 106 |
FDIC special assessment | – | – | – | – | (1) | (1) | (1) |
Impact of alignment of accounting policies | – | – | – | – | 70 | 70 | 25 |
Adjusted net income (loss) (2) | 1,648 | 1,382 | 648 | 1,030 | (373) | 4,335 | 1,288 |
Adjusted net income (loss) available to common shareholders (2) | 1,625 | 1,346 | 645 | 1,010 | (504) | 4,122 | 1,278 |
See previous page for footnote references. |
Certain comparative figures have been reclassified to conform with the current period's presentation. |
Caution |
This Non-GAAP and Other Financial Measures section contains forward-looking statements. Please refer to the Caution Regarding Forward-Looking Statements. |
Caution Regarding Forward-Looking Statements
Bank of Montreal's public communications often include written or oral forward-looking statements. Statements of this type are included in this document and may be included in other filings with Canadian securities regulators or the
By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties, both general and specific in nature. There is significant risk that predictions, forecasts, conclusions or projections will not prove to be accurate, that our assumptions may not be correct, and that actual results may differ materially from such predictions, forecasts, conclusions or projections. We caution readers of this document not to place undue reliance on our forward-looking statements, as a number of factors – many of which are beyond our control and the effects of which can be difficult to predict – could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements.
The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: general economic and market conditions in the countries in which we operate, including labour challenges and changes in foreign exchange and interest rates; political conditions, including changes relating to, or affecting, economic or trade matters, including tariffs, countermeasures and tariff mitigation policies; changes to our credit ratings; cyber and information security, including the threat of data breaches, hacking, identity theft and corporate espionage, as well as the possibility of denial of service resulting from efforts targeted at causing system failure and service disruption; technology resilience, innovation and competition; technological change, including the use of data and artificial intelligence (AI) in our business, including generative AI; failure of third parties to comply with their obligations to us; disruptions of global supply chains; environmental and social risk, including climate change; the Canadian housing market and consumer leverage; inflationary pressures; changes in laws, including tax legislation and interpretation, or in supervisory expectations or requirements, including capital, interest rate and liquidity requirements and guidance, including if the bank were designated a global systemically important bank, and the effect of such changes on funding costs and capital requirements; changes in monetary, fiscal or economic policy; weak, volatile or illiquid capital or credit markets; the level of competition in the geographic and business areas in which we operate; exposure to, and the resolution of, significant litigation or regulatory matters, our ability to successfully appeal adverse outcomes of such matters and the timing, determination and recovery of amounts related to such matters; the accuracy and completeness of the information we obtain with respect to our customers and counterparties; our ability to successfully execute our strategic plans, complete acquisitions or dispositions and integrate acquisitions, including obtaining regulatory approvals, and realize any anticipated benefits from such plans and transactions; critical accounting estimates and judgments, and the effects of changes in accounting standards, rules and interpretations on these estimates; operational and infrastructure risks, including with respect to reliance on third parties; global capital markets activities; the emergence or continuation of widespread health emergencies or pandemics, and their impact on local, national or international economies, as well as their heightening of certain risks that may affect our future results; the possible effects on our business of war or terrorist activities; natural disasters, such as earthquakes or flooding, and disruptions to public infrastructure, such as transportation, communications, power or water supply; and our ability to anticipate and effectively manage risks arising from all of the foregoing factors.
We caution that the foregoing list is not exhaustive of all possible factors. Other factors and risks could adversely affect our results. For further information, please refer to the discussion in the Risks That May Affect Future Results section, and the sections related to credit and counterparty, market, liquidity and funding, operational non-financial, legal and regulatory compliance, strategic, environmental and social, and reputation risk in the Enterprise-Wide Risk Management section of BMO's 2025 Annual Report, and the Risk Management section in our Second Quarter 2026 Report to Shareholders, all of which outline certain key factors and risks that may affect our future results. Investors and others should carefully consider these factors and risks, as well as other uncertainties and potential events, and the inherent uncertainty of forward-looking statements. We do not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by the organization or on its behalf, except as required by law. The forward-looking information contained in this document is presented for the purpose of assisting shareholders and analysts in understanding our financial position as at and for the periods ended on the dates presented, as well as our strategic priorities and objectives, and may not be appropriate for other purposes.
Material economic assumptions underlying the forward-looking statements contained in this document include those set out in the Economic Developments and Outlook section of BMO's 2025 Annual Report, as updated in the Economic Developments and Outlook section and the Risk Management – Geopolitical Developments section in our Second Quarter 2026 Report to Shareholders, as well as in the Allowance for Credit Losses section of BMO's 2025 Annual Report, as updated in the Allowance for Credit Losses section in our Second Quarter 2026 Report to Shareholders. Assumptions about the performance of the Canadian and
Investor and Media Information
Investor Presentation Materials
Interested parties are invited to visit BMO's website at www.bmo.com/investorrelations to review the 2025 Annual MD&A and audited annual consolidated financial statements, quarterly presentation materials and supplementary financial and regulatory information package.
Quarterly Conference Call and Webcast Presentations
Interested parties are also invited to listen to our quarterly conference call on Wednesday, May 27, 2026, at 8:15 a.m. (ET). The call may be accessed by telephone at 647-557-5533 (from within
A live webcast of the call can be accessed on our website at www.bmo.com/investorrelations. A replay can also be accessed on the website.
Upcoming Events
- Q3-2026 Earnings Release August 25, 2026
- Q4-2026 Earnings Release December 2, 2026
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BMO's 2025 Annual MD&A, audited consolidated financial statements, Annual Information Form and annual report on Form 40-F (filed with the | |
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SOURCE BMO Financial Group