Cash flow Bank of Montreal

Equities

BMO

CA0636711016

Banks

Market Closed - Toronto S.E. Other stock markets 16:00:00 2024-12-09 EST			5-day change	1st Jan Change
142.89 ^CAD	-2.34%		+7.03%	+8.98%

12-09	Bank of Montreal Price Target Raised to $133 at RBC	MT
12-06	RBC on BMO's Q4 -- Says Past Credit Concern	MT

83523747f7f1d424ccc.cgvoVTgftHE2nsmYl7gXXIYq2d1KyyaKCJQet34WyhM.K0CSJ19JjRBz5uTi_d9vO_Bk6ZApn37yOeFoxzdCmUAYUYw9aW_7EkPc8Q

Published financial data: BANK OF MONTREAL

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2020	2021	2022	2023	2024
Interest Income On Loans	17.94B	15.73B	20.46B	40.17B	40.07B
Interest Income On Investments	5.37B	4.16B	6.43B	15.4B	25.92B
Interest Income, Total	23.32B	19.89B	26.9B	55.57B	65.98B
Interest On Deposits	6.24B	3.22B	6.71B	26.55B	34.58B
Total Interest On Borrowings	3.1B	2.36B	4.3B	10.35B	11.94B
Interest Expense, Total	9.34B	5.58B	11.01B	36.89B	46.52B
Net Interest Income	13.97B	14.31B	15.88B	18.68B	19.47B
Service Charges On Deposits	1.22B	1.24B	1.32B	1.52B	1.63B
Trust Income	1.81B	1.98B	1.77B	1.85B	2.06B
Income From Trading Activities	15M	296M	8.25B	-216M	2.38B
Gain (Loss) on Sale of Assets	-	-78M	-8M	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	124M	591M	281M	181M	200M
Income (Loss) on Equity Invest. (Income Block)	161M	248M	274M	185M	207M
Total Other Non Interest Income	7.89B	8.49B	5.92B	9B	6.86B
Non Interest Income, Total	11.22B	12.77B	17.81B	12.52B	13.33B
Revenues Before Provison For Loan Losses	25.19B	27.08B	33.69B	31.2B	32.8B
Provision For Loan Losses	2.95B	20M	313M	2.18B	3.76B
Total Revenues	22.23B	27.06B	33.38B	29.02B	29.03B
Salaries And Other Employee Benefits	7.58B	6.77B	8.04B	10.92B	9.63B
Amort. of Goodwill & Intang. Assets	620M	634M	604M	1.02B	1.11B
Occupancy Expense	2.93B	3.09B	3.64B	4.88B	4.12B
Selling General & Admin Expenses, Total	1.84B	3.07B	2.34B	2.93B	3.37B
Total Other Non Interest Expense	2.92B	2.44B	878M	3.42B	1.27B
Non Interest Expense, Total	15.88B	16B	15.5B	23.16B	19.5B
EBT, Excl. Unusual Items	6.35B	11.06B	17.89B	5.86B	9.54B
Restructuring Charges	-	24M	-	-	-
Total Merger & Related Restructuring Charges	-	-9M	-	-	-
Impairment of Goodwill	-	-779M	-	-	-
Asset Writedown	-4M	-36M	-	-	-
EBT, Incl. Unusual Items	6.35B	10.26B	17.89B	5.86B	9.54B
Income Tax Expense	1.25B	2.5B	4.35B	1.49B	2.21B
Earnings From Continuing Operations	5.1B	7.75B	13.54B	4.38B	7.33B
Net Income to Company	5.1B	7.75B	13.54B	4.38B	7.33B
Minority Interest	-	-	-	-12M	-9M
Net Income - (IS)	5.1B	7.75B	13.54B	4.36B	7.32B
Preferred Dividend and Other Adjustments	247M	244M	231M	331M	386M
Net Income to Common Incl Extra Items	4.85B	7.51B	13.31B	4.03B	6.93B
Net Income to Common Excl. Extra Items	4.85B	7.51B	13.31B	4.03B	6.93B
Per Share Items
Net EPS - Basic	7.56	11.6	20.04	5.69	9.53
Basic EPS - Continuing Operations	7.56	11.6	20.04	5.69	9.53
Basic Weighted Average Shares Outstanding	641M	647M	664M	709M	728M
Net EPS - Diluted	7.55	11.58	19.99	5.68	9.51
Diluted EPS - Continuing Operations	7.55	11.58	19.99	5.68	9.51
Diluted Weighted Average Shares Outstanding	642M	649M	666M	711M	729M
Normalized Basic EPS	6.19	10.68	16.84	5.15	8.18
Normalized Diluted EPS	6.18	10.65	16.79	5.14	8.17
Dividend Per Share	4.24	4.24	5.44	5.8	6.12
Payout Ratio	48.56	38.43	19.17	61.92	52.47
Supplemental Items
Effective Tax Rate - (Ratio)	19.71	24.41	24.32	25.35	23.16
Total Current Taxes	1.16B	2.32B	3.87B	2.22B	2.06B
Total Deferred Taxes	87M	184M	475M	-732M	153M
Normalized Net Income	3.97B	6.91B	11.18B	3.65B	5.95B
Non-Cash Pension Expense	6M	12M	-26M	-55M	-50M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	368M	1.57B	760M	597M	1.24B
Total Stock-Based Compensation	368M	1.57B	760M	597M	1.24B

Fiscal Period: October	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	57.3B	93.15B	87.38B	77.81B	65.02B
Investment Securities, Total	220B	203B	244B	254B	280B
Trading Asset Securities, Total	135B	141B	156B	165B	216B
Mortgage Backed Securities	37.3B	40.7B	40.29B	63.37B	64.09B
Total investments	392B	385B	440B	482B	560B
Gross Loans	448B	461B	554B	661B	682B
Allowance For Loan Losses	-3.3B	-2.56B	-2.62B	-3.81B	-4.36B
Net Loans	445B	459B	552B	657B	678B
Gross Property Plant And Equipment	9.98B	9.99B	11.18B	13.25B	12.95B
Accumulated Depreciation	-5.12B	-5.12B	-6.07B	-6.88B	-6.64B
Net Property Plant And Equipment	4.86B	4.87B	5.1B	6.36B	6.32B
Goodwill	6.54B	5.38B	5.28B	16.73B	16.77B
Other Intangibles, Total	2.44B	2.27B	2.19B	5.22B	4.92B
Accrued Interest Receivable	1.59B	1.45B	2.73B	4.1B	4.46B
Other Receivables	5.68B	6.96B	7.62B	10.49B	43.72B
Restricted Cash	6.46B	6.55B	13.67B	10.06B	9.5B
Other Current Assets, Total	21.24B	17.31B	16.2B	12.81B	9.84B
Deferred Tax Assets Long-Term (Collected)	1.47B	1.29B	1.18B	3.08B	3.02B
Other Real Estate Owned And Foreclosed	27M	11M	13M	-	-
Other Long-Term Assets, Total	4.51B	5.08B	5.83B	7.61B	7.65B
Total Assets	949B	988B	1,139B	1,293B	1,410B
Liabilities
Accounts Payable, Total	8.72B	9.44B	11.65B	11.99B	11.31B
Accrued Expenses, Total	12.44B	12.84B	11.2B	16.21B	35.87B
Interest Bearing Deposits	290B	319B	292B	360B	415B
Institutional Deposits	258B	236B	315B	386B	411B
Non-Interest Bearing Deposits	77.09B	93.31B	91.27B	82.46B	78.36B
Total Deposits	626B	648B	698B	828B	904B
Short-Term Borrowings	38.73B	44.65B	102B	103B	110B
Current Portion of Long-Term Debt	94.2B	102B	111B	111B	113B
Long-Term Debt	54.46B	51.46B	57.71B	58.92B	72.87B
Long-Term Leases	2.41B	2.74B	2.84B	3.51B	3.33B
Current Income Taxes Payable	126M	221M	425M	44M	470M
Accrued Interest Payable	1.36B	960M	2.32B	5.3B	6.47B
Other Current Liabilities - (Bank / Utility Template)	49.46B	52.83B	59.64B	58.76B	42.38B
Pension & Other Post Retirement Benefits	1.7B	1.23B	920M	1B	1.05B
Deferred Tax Liability Non-Current	108M	192M	102M	16M	1M
Other Non Current Liabilities	2.97B	3.81B	10.46B	18.12B	24.4B
Total Liabilities	893B	931B	1,068B	1,216B	1,325B
Preferred Stock Redeemable	290M	-	-	-	-
Preferred Stock Convertible	4.4B	3.65B	2.65B	3.3B	2.05B
Total Preferred Equity	4.69B	3.65B	2.65B	3.3B	2.05B
Common Stock, Total	13.43B	13.6B	17.74B	22.94B	23.92B
Additional Paid In Capital	302M	313M	317M	328M	354M
Retained Earnings	30.74B	35.5B	45.12B	44.92B	46.47B
Comprehensive Income and Other	7.43B	4.46B	5.21B	5.52B	11.46B
Total Common Equity	51.9B	53.87B	68.39B	73.71B	82.2B
Minority Interest	-	-	-	28M	36M
Total Equity	56.59B	57.52B	71.04B	77.04B	84.29B
Total Liabilities And Equity	949B	988B	1,139B	1,293B	1,410B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	646M	648M	677M	721M	730M
ECS Total Common Shares Outstanding	646M	648M	677M	721M	730M
Book Value / Share	80.36	83.12	101	102.24	112.68
Tangible Book Value	42.93B	46.23B	60.91B	51.76B	60.5B
Tangible Book Value Per Share	66.46	71.33	89.96	71.81	82.93
Average Assets	942B	981B	1,072B	1,248B	1,369B
Average Loans	445B	450B	504B	613B	655B
Total Debt	190B	201B	273B	276B	299B
Debt Equivalent of Unfunded Proj. Benefit Obligation	429M	-809M	-1.18B	-1.05B	-1.07B
Net Debt	-123B	-149B	-89.46B	-85.72B	-96.33B
Equity Method Investments, Total	985M	1.14B	1.29B	1.46B	1.73B
Full Time Employees	43.36K	43.86K	46.72K	55.77K	53.6K
Number Of Offices	1.41K	1.4K	1.38K	1.89K	1.86K
Assets under Capital Lease - Gross	-	-	-	-	-

Fiscal Period: October	2020	2021	2022	2023	2024
Net Income	5.1B	7.75B	13.54B	4.36B	7.32B
Depreciation, Depletion & Amortization	998M	931M	876M	1.08B	998M
Amortization of Goodwill and Intangible Assets - (CF)	142M	104M	48M	362M	436M
Total Depreciation, Depletion & Amortization	1.14B	1.04B	924M	1.45B	1.43B
Amortization of Deferred Charges, Total	478M	530M	556M	653M	676M
(Gain) Loss On Sale of Asset - (CF)	-	-	29M	-	-
(Gain) Loss on Sale of Investments - (CF)	-124M	-591M	-281M	-181M	-200M
Total Asset Writedown	-	779M	-	-	-
Provision for Credit Losses	2.95B	20M	313M	2.18B	3.76B
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-207M
Change in Trading Asset Securities	-22.5B	-9.9B	-11.68B	-190M	-42.78B
Changes in Accrued Interest Receivable	178M	75M	-1.17B	1.95B	785M
Changes in Accrued Interest Payable	-352M	-366M	1.31B	-	-
Change In Income Taxes	7M	-396M	484M	-990M	257M
Change In Deferred Taxes	137M	212M	-	-	-
Change in Other Net Operating Assets (Collected)	-24.51B	-7.34B	-44.78B	-37.51B	-10.61B
Other Operating Activities	-	-	475M	-720M	162M
Cash from Operations	-37.5B	-8.2B	-40.28B	-29B	-39.41B
Capital Expenditure	-399M	-484M	-777M	-885M	-1.56B
Cash Acquisitions	-186M	-	-	-15.1B	-
Divestitures	-	63M	1.23B	-	-
Purchase / Sale of Intangible Assets	-633M	-499M	-671M	-792M	-
Investment in Marketable and Equity Securities, Total	-30.76B	621M	-29.25B	-4.38B	-22.96B
Cash from Investing	-31.97B	-299M	-29.47B	-21.16B	-24.53B
Short Term Debt Issued, Total	-	-	6.93B	2.07B	-
Long-Term Debt Issued, Total	5.68B	5.4B	14.78B	9.18B	1B
Total Debt Issued	5.68B	5.4B	21.71B	11.24B	1B
Short Term Debt Repaid, Total	-	-	-	-	-12.07B
Long-Term Debt Repaid, Total	-14.68B	-6.65B	-6.97B	-12.28B	-3.68B
Total Debt Repaid	-14.68B	-6.65B	-6.97B	-12.28B	-15.76B
Issuance of Common Stock	-	159M	3.11B	3.35B	68M
Repurchase of Common Stock	-76M	-	-17M	-	-
Issuance of Preferred Stock	1.25B	-	2.24B	648M	2.37B
Repurchase of Preferred Stock	-	-1.05B	-1.5B	-	-1.25B
Common & Preferred Stock Dividends Paid	-2.48B	-2.98B	-2.6B	-2.7B	-3.84B
Common & Preferred Stock Dividends Paid	-2.48B	-2.98B	-2.6B	-2.7B	-3.84B
Net Increase (Decrease) in Deposit Accounts - (CF)	88.34B	52.24B	45.23B	38.59B	68.44B
Other Financing Activities, Total	-3M	-	-	-	-3M
Cash from Financing	78.04B	47.12B	61.21B	38.86B	51.03B
Foreign Exchange Rate Adjustments	47M	-2.78B	2.74B	1.77B	75M
Net Change in Cash	8.6B	35.85B	-5.8B	-9.53B	-12.84B
Supplemental Items
Cash Interest Paid	9.68B	5.86B	9.56B	33.75B	45.09B
Cash Income Tax Paid (Refund)	1.54B	2.17B	2.37B	2.59B	2.45B
Net Debt Issued / Repaid	-9B	-1.26B	14.73B	-1.03B	-14.76B

Fiscal Period: October	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.57	0.8	1.27	0.36	0.53
Return On Equity %	9.47	13.59	21.06	5.91	9.14
Return on Common Equity	9.87	14.2	21.77	5.68	8.94
Shareholders Value Added	-658M	1.5B	6.25B	-3.8B	-1.55B
Margin Analysis
SG&A Margin	55.52	47.78	41.98	64.52	58.96
Net Interest Income / Total Revenues %	62.84	52.88	47.59	64.37	67.05
EBT Excl. Non-Recurring Items Margin %	28.57	40.87	53.58	20.2	32.84
Income From Continuing Operations Margin %	22.93	28.66	40.55	15.08	25.24
Net Income Margin %	22.93	28.66	40.55	15.04	25.2
Net Avail. For Common Margin %	21.81	27.75	39.86	13.9	23.88
Normalized Net Income Margin	17.86	25.54	33.49	12.59	20.49
Asset quality
Nonperforming Loans / Total Loans %	0.81	0.47	0.36	0.6	0.86
Nonperforming Loans / Total Assets %	0.38	0.22	0.17	0.31	0.41
Nonperforming Assets / Total Assets %	0.39	0.22	0.18	0.31	0.42
NPAs / Loans and OREO	0.82	0.47	0.36	0.6	0.87
NPAs / Equity	6.48	3.79	2.82	5.16	7.01
Allowance for Credit Losses / Net Charge-offs %	292.82	415.56	659.19	412.01	168.64
Allowance for Credit Losses / Nonperforming Loans %	90.79	118.21	131.44	96.14	74.55
Allowance for Credit Losses / Total Loans %	0.74	0.56	0.47	0.58	0.64
Net Charge-offs / Total Average Loans %	0.25	0.14	0.08	0.15	0.39
Provision for Loan Losses / Net Charge-offs %	261.79	3.24	78.84	235.71	145.61
Earning Assets / IBL	114.01	115.99	116.55	116.66	112.88
Interest Income / Average Assets	2.47	2.03	2.51	4.45	4.82
Interest Expense / Average Assets	0.99	0.57	1.03	2.96	3.4
Net Interest Income / Average Assets	1.48	1.46	1.48	1.5	1.42
Non Interest Income / Average Assets	1.19	1.3	1.66	1	0.97
Non Interest Expense / Average Asset	1.68	1.63	1.44	1.86	1.42
Capital And Funding
Total Average Common Equity / Total Average Assets %	5.46	5.46	5.75	5.84	5.62
Total Average Equity / Total Average Assets %	5.98	5.89	6.04	6.09	5.82
Total Equity + Allowance for Loan Losses / Total Loans %	13.36	13.03	13.29	12.23	12.98
Gross Loans / Total Deposits %	71.64	71.14	79.38	79.75	75.48
Net Loans / Total Deposits %	71.12	70.74	79	79.29	75
Tier 1 Capital Ratio %	13.6	15.4	18.4	14.1	15.4
Total Capital Ratio %	16.2	17.6