The earnings call reflects a positive outlook with strong financial metrics and strategic initiatives driving growth. However, economic uncertainties and trade challenges pose risks, leading to increased provisions for credit losses and muted commercial loan growth. Overall, the bank is well-positioned for future growth but remains cautious about external economic conditions.

Company Guidance -

Q3 2025

In the Bank of Montreal's Q2 2025 earnings call, several key metrics were highlighted. The bank reported adjusted net income and EPS of $2.62, with PPPT growth of 12%. The CET1 ratio stood at 13.5%, reflecting a robust capital position. Year-to-date EPS grew by 10% due to a 13% increase in revenue. Pre-provision pretax earnings reached $7.8 billion, marking a 22% increase, while ROE improved to 10.6%. The bank announced a 5% dividend increase and completed 50% of its NCIB program. In commercial banking, 90% of borrowers utilized additional services, showcasing diversified revenue streams. Their TPS revenue grew by 20%, contributing substantially to overall revenue. Wealth management's ROE rose to 29%, with net new asset growth being the second highest on record. In capital markets, PPPT exceeded guidance at $684 million, driven by strong trading revenue, particularly in commodities. Despite macroeconomic uncertainties, the bank focuses on maintaining positive operating leverage and enhancing shareholder returns.

Strong PPPT Growth

Pre-provision pretax earnings (PPPT) grew 12%, reflecting robust performance across diversified businesses.

CET1 Ratio and Capital Position

CET1 ratio remains strong at 13.5%, allowing for continued investment in growth and shareholder returns.

Dividend Increase

Announced an increase in the dividend by four cents, representing a 5% increase from last year.

Positive Operating Leverage

Achieved positive operating leverage of 2.7% with disciplined expense management and revenue growth.

Wealth Management and Capital Markets Performance

Wealth management net income increased by 13% and Capital Markets PPPT exceeded guidance with strong trading revenue, particularly in commodities.

Digital and Product Innovations

Successful launch of VIP Porter loyalty cards and savings amplifier account surpassing $10 billion in deposits, contributing to customer growth.

Bank Of Montreal (BMO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BMO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 26, 2025	2025 (Q3)	2.12 / -	1.913	―	―	―
May 29, 2025	2025 (Q2)	1.83 / 1.90	1.877	1.16% (+0.02)
Feb 25, 2025	2025 (Q1)	1.75 / 2.20	1.855	18.75% (+0.35)
Dec 05, 2024	2024 (Q4)	1.73 / 1.38	2.036	-32.38% (-0.66)
Aug 27, 2024	2024 (Q3)	2.00 / 1.91	2.015	-5.04% (-0.10)
May 29, 2024	2024 (Q2)	2.01 / 1.88	2.123	-11.60% (-0.25)
Feb 27, 2024	2024 (Q1)	2.19 / 1.86	2.333	-20.50% (-0.48)
Dec 01, 2023	2023 (Q4)	2.07 / 2.04	2.203	-7.57% (-0.17)
Aug 29, 2023	2023 (Q3)	2.27 / 2.01	2.239	-10.03% (-0.22)
May 24, 2023	2023 (Q2)	2.32 / 2.12	2.341	-9.29% (-0.22)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BMO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 29, 2025	$105.18	$105.86	+0.65%
Feb 25, 2025	$97.56	$101.82	+4.37%
Dec 05, 2024	$92.12	$96.30	+4.54%
Aug 27, 2024	$84.82	$79.59	-6.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.