BMO(US:BMO)2025-05-28 18:21Capital and Financial Ratios - As of April 30, 2025, the company's CET1 Capital increased to $57,405 million from $57,054 million as of October 31, 2024, reflecting a growth of 0.6%[108] - The Total Capital Ratio improved to 17.9% as of April 30, 2025, compared to 17.6% on October 31, 2024[108] - The company's TLAC increased to $127,265 million as of April 30, 2025, from $123,288 million as of October 31, 2024[108] - The company's Risk-Weighted Assets rose to $425,066 million as of April 30, 2025, compared to $420,838 million as of October 31, 2024[108] Earnings and Income - Basic earnings per common share for the three months ended April 30, 2025, was $2.51, up from $2.36 for the same period in 2024, representing a 6.4% increase[116] - Net income attributable to bank shareholders for the six months ended April 30, 2025, was $4,094 million, compared to $3,152 million for the same period in 2024, marking a 29.9% increase[116] - Total revenue for the three months ended April 30, 2025, was CAD 8,679 million, an increase from CAD 7,974 million in the same period of 2024, representing an increase of 8.8%[123] - Net income attributable to bank shareholders for the three months ended April 30, 2025, was CAD 1,960 million, compared to CAD 1,862 million for the same period in 2024, reflecting a growth of 5.3%[123] - Reported net income for the six months ended April 30, 2025, was CAD 4,100 million, compared to CAD 3,158 million for the same period in 2024, reflecting an increase of 29.8%[127] Assets and Provisions - Average assets for the three months ended April 30, 2025, totaled CAD 1,503,683 million, up from CAD 1,350,439 million in the same period of 2024, indicating a growth of 11.3%[125] - Total provision for credit losses for the three months ended April 30, 2025, was CAD 1,054 million, compared to CAD 705 million in the same period of 2024, an increase of 49.5%[123] - The provision for credit losses on impaired loans for the six months ended April 30, 2025, was CAD 1,624 million, compared to CAD 1,131 million in the same period of 2024, an increase of 43.5%[127] Expenses and Employee Benefits - Total pension and other employee future benefit expenses recognized in the Consolidated Statement of Income for the six months ended April 30, 2025, amounted to $443 million, compared to $430 million for the same period in 2024[113] - Non-interest expense for the six months ended April 30, 2025, was CAD 9,357 million, an increase from CAD 9,177 million in the same period of 2024, reflecting a rise of 2.0%[127] - The effective tax rate increased by approximately 60 basis points for the three months ended April 30, 2025, due to the global minimum tax rules[120] - The company amended one of its U.S. pension plans in the first quarter of 2025, resulting in a $19 million benefit recognized as a reduction in employee compensation expense[114] Stock Options and Non-Interest Revenue - The company granted a total of 716,633 stock options during the six months ended April 30, 2025, with a weighted-average fair value of $18.46 per option, compared to 1,113,853 options with a fair value of $15.33 in the same period of 2024[109] - Non-interest revenue for the six months ended April 30, 2025, was CAD 7,450 million, up from CAD 6,410 million in the same period of 2024, representing a growth of 16.2%[127] Corporate Services - The corporate services segment includes technology and operations, which may impact overall performance metrics and strategic initiatives moving forward[126]