Below are the financial statements of Bank of Montreal, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of CAD | 2024 | 2023 |
---|---|---|
Interest, dividend and fee income | 65,985a | 55,574a |
Loans | 40,069a | 34,310a |
Securities | 15,038a | 11,392a |
Securities borrowed or purchased under resale agreements | 6,843a | 5,859a |
Deposits with banks | 4,035a | 4,013a |
Interest expense | -46,517a | -36,893a |
Deposits | -34,580a | -26,547a |
Securities sold but not yet purchased and securities lent or sold under repurchase agreements | -8,907a | -7,299a |
Subordinated debt | -456a | -430a |
Other liabilities | -2,574a | -2,617a |
Net interest income | 19,468a | 18,681a |
Non-interest revenue | 13,327a | 10,578a |
Securities commissions and fees | 1,106a | 1,025a |
Deposit and payment service charges | 1,626a | 1,517a |
Trading revenues (losses) | 2,377a | -216a |
Lending fees | 1,464a | 1,548a |
Card fees | 847a | 700a |
Investment management and custodial fees | 2,056a | 1,851a |
Mutual fund revenues | 1,324a | 1,244a |
Underwriting and advisory fees | 1,399a | 1,107a |
Securities gains, other than trading | 200a | 180a |
Foreign exchange gains, other than trading | 263a | 234a |
Insurance service results | 340a | 389a |
Insurance investment results | 105a | 171a |
Share of profit in associates and joint ventures | 207a | 185a |
Other revenues | 13a | 643a |
Total revenue | 32,795a | 29,259a |
Provision for credit losses | -3,761a | -2,178a |
Non-interest expense | -19,499a | -21,134a |
Employee compensation | -10,872a | -11,460a |
Premises and equipment | -4,117a | -4,870a |
Amortization of intangible assets | -1,112a | -1,008a |
Advertising and business development | -837a | -812a |
Communications | -388a | -367a |
Professional fees | -583a | -863a |
Association, clearing and annual regulator fees | -321a | -272a |
Other | -1,269a | -1,482a |
Income before provision for income taxes | 9,535a | 5,947a |
Provision for income taxes | -2,208a | -1,510a |
Net income | 7,327a | 4,437a |
Attributable to | — | — |
Bank shareholders | 7,318a | 4,425a |
Non-controlling interest in subsidiaries | 9a | 12a |
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