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BMO

Bank of Montreal

BMO

Bank of Montreal • NYSE
$126.13 ▲ 0.56% (+0.70)
Market Cap $91.57 B
52w High $131.36
52w Low $85.40
Dividend Yield 4.57%
P/E 15.5
Volume 201.15K
Outstanding Shares 725.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $19.189B ▼ $5.06B ▲ $2.327B ▲ 12.127% ▲ $3.14 ▲ $3.619B ▲
Q2-2025 $19.238B ▼ $5.021B ▼ $1.96B ▼ 10.188% ▼ $2.51 ▼ $3.15B ▼
Q1-2025 $20.442B ▲ $5.378B ▲ $2.134B ▼ 10.439% ▼ $2.84 ▼ $3.373B ▼
Q4-2024 $19.744B ▼ $3.788B ▼ $2.301B ▲ 11.654% ▲ $2.95 ▲ $3.531B ▲
Q3-2024 $20.463B $4.801B $1.865B 9.114% $2.41 $2.977B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $169.214B ▼ $1.432T ▼ $1.345T ▼ $86.723B ▲
Q2-2025 $174.515B ▼ $1.44T ▼ $1.354T ▼ $85.795B ▼
Q1-2025 $180.056B ▲ $1.468T ▲ $1.38T ▲ $87.559B ▲
Q4-2024 $113.529B ▼ $1.41T ▲ $1.325T ▲ $84.25B ▲
Q3-2024 $159.779B $1.4T $1.318T $82.926B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.33B ▲ $-4.206B ▼ $-113M ▲ $-2.642B ▼ $-6.775B ▲ $-4.611B ▼
Q2-2025 $1.962B ▼ $-3.193B ▼ $-4.612B ▼ $-697M ▲ $-11.098B ▼ $-3.632B ▼
Q1-2025 $2.138B ▼ $4.872B ▲ $7.337B ▲ $-2.773B ▲ $11.362B ▲ $4.486B ▲
Q4-2024 $2.304B ▲ $4.707B ▲ $-8.556B ▼ $-5.911B ▼ $-9.663B ▼ $4.275B ▲
Q3-2024 $1.865B $2.026B $-5.154B $-2.193B $-5.108B $1.613B

Five-Year Company Overview

Income Statement

Income Statement BMO’s income statement shows a bank that has grown significantly while navigating some bumps. Revenue has expanded strongly over the last few years, helped by the larger North American footprint and U.S. expansion. Profitability dipped in the middle of the period, likely reflecting integration costs, credit provisions, or market volatility, but has since recovered meaningfully. Overall, earnings power looks solid, with recent results pointing to better efficiency and improved profit margins compared with the weaker year in the middle of the cycle.

Balance Sheet

Balance Sheet The balance sheet has grown substantially, with total assets rising steadily as BMO broadens its lending and investment activities. Equity has also climbed, which supports resilience and provides a larger capital base to absorb shocks. Debt levels are higher but have grown in a controlled way relative to the overall size of the bank, which is typical for a large diversified financial institution. Cash balances have trended down even as assets expand, suggesting more funds are being put to work rather than held idle, which can enhance returns but slightly reduces liquidity cushions.

Cash Flow

Cash Flow Cash generation from operations has been strong but somewhat volatile, swinging from very high levels to more modest periods and then back up again. Free cash flow has generally followed the same pattern, indicating that BMO can typically fund its needs and still have surplus cash, but not in a perfectly smooth line. Capital spending has stayed relatively small and stable, implying that most of the bank’s investment is through acquisitions, technology, and business growth rather than heavy physical infrastructure. Overall, the cash flow profile supports continued investment and balance-sheet strength, though investors should be aware of the natural lumpiness of bank cash flows.

Competitive Edge

Competitive Edge BMO operates as one of the largest banks in North America, with meaningful scale in both Canada and the U.S., which gives it cost advantages, brand strength, and access to a wide customer base. The acquisition of Bank of the West has deepened its U.S. presence and added a new source of growth, while also increasing integration and execution risk. Its mix of personal banking, commercial banking, wealth management, and capital markets allows BMO to offer a full suite of services under a single umbrella, making it harder for smaller or more specialized rivals to compete on breadth. Long history, strong brand trust, and cross-border expertise further reinforce its position, especially for clients who operate or live on both sides of the Canada–U.S. border.

Innovation and R&D

Innovation and R&D BMO is leaning heavily into a digital-first strategy, investing in technology to modernize core systems and improve the customer experience. It is rolling out AI tools, personalized financial planning platforms, enhanced mobile features, and an in-house innovation lab to test and commercialize new ideas. The bank is also exploring advanced areas like quantum computing and using data analytics to sharpen risk management and customer insights. These efforts aim to make the bank more efficient, more user-friendly, and better positioned to compete with both traditional banks and digital-first fintechs, though they require sustained investment and good execution to pay off fully.

Summary

BMO’s recent financials depict a large, growing bank that has weathered a period of earnings volatility and is now showing signs of renewed profitability. The balance sheet has expanded alongside capital, indicating both growth and a deliberate effort to preserve financial strength, even as leverage and complexity rise with U.S. expansion. Cash flows are solid but uneven, which is typical for big banks and underscores the importance of ongoing risk management and funding discipline. Strategically, BMO’s scale, cross-border footprint, and integrated business model provide a meaningful competitive edge, while its digital-first and AI-driven initiatives signal a clear push to stay ahead of changing customer expectations and industry technology trends. The main watchpoints are execution on U.S. integration, delivery on digital transformation, and maintaining asset quality as the bank pursues growth across cycles.

NEWS

October 16, 2025 · 4:14 PM UTC

Diamond Estates Wines & Spirits Inc. Announces Reinstatement of Trading on TSX Venture Exchange and New Credit Agreement Amendment with BMO

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October 16, 2025 · 6:35 AM UTC

BMO Announces Branch Optimization to Accelerate Future Growth

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October 16, 2025 · 6:30 AM UTC

FIRST CITIZENS BANK CONTINUES NATIONAL EXPANSION, AGREES TO ACQUIRE SELECT BRANCHES FROM BMO BANK N.A.

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October 9, 2025 · 4:30 PM UTC

BMO Announces a Reverse Split of its MicroSectors™ Gold Miners -3X Inverse Leveraged ETNs (NYSE Arca: GDXD)

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September 2, 2025 · 5:00 PM UTC

Bank of Montreal Receives Regulatory Approvals for Normal Course Issuer Bid

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