BMO(US:BMO)2025-08-26 18:54Capital and Ratios - As of July 31, 2025, the Common Equity Tier 1 (CET1) Capital increased to $57,924 million from $57,054 million as of October 31, 2024, reflecting a CET1 Ratio of 13.5%[108] - Total Capital rose to $76,453 million, up from $73,911 million, resulting in a Total Capital Ratio of 17.8% compared to 17.6% in the previous period[108] - The Tier 1 Capital increased to $66,720 million from $64,735 million, resulting in a Tier 1 Capital Ratio of 15.5% compared to 15.4% in the previous period[108] Income and Earnings - Net income attributable to bank shareholders for the three months ended July 31, 2025, was $2,327 million, an increase from $1,865 million in the same period of 2024[116] - Basic earnings per common share for the three months ended July 31, 2025, was $3.14, compared to $2.49 for the same period in 2024, representing a 26.1% increase[116] - Reported net income for the three months ended July 31, 2025, was CAD 2,330 million, compared to CAD 1,865 million for the same period in 2024, reflecting a year-over-year increase of 24.9%[123] Revenue - For the three months ended July 31, 2025, total revenue reached CAD 8,988 million, an increase from CAD 8,192 million in the same period of 2024, representing a growth of 9.7%[123] - For the nine months ended July 31, 2025, total revenue was CAD 26,933 million, up from CAD 23,838 million in the same period of 2024, representing an increase of 12.5%[126] - Non-interest revenue for the three months ended July 31, 2025, was CAD 3,492 million, an increase from CAD 3,398 million in the same period of 2024, marking a growth of 2.8%[123] - The net interest income for the three months ended July 31, 2025, was CAD 5,496 million, compared to CAD 4,794 million in the same period of 2024, reflecting an increase of 14.7%[123] Expenses - Pension and other employee future benefit expenses recognized in the Consolidated Statement of Income for the three months ended July 31, 2025, totaled $196 million, up from $181 million in the same period of 2024[111] - Non-interest expense for the three months ended July 31, 2025, was CAD 4,572 million, an increase from CAD 4,309 million in the same period of 2024, reflecting a rise of 6.1%[123] Stock Options - The company granted a total of 716,633 stock options during the nine months ended July 31, 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] Taxation - The effective tax rate increased by approximately 50 basis points for the three months ended July 31, 2025, due to the global minimum tax rules effective for the fiscal year beginning November 1, 2024[120] - The company faces a potential additional income tax and interest reassessment of approximately $1,465 million related to certain Canadian corporate dividends from 2011-2018[118] Acquisitions - The company announced the acquisition of Burgundy Asset Management Ltd. for CAD 625 million, expected to close by the end of calendar 2025, which will enhance its wealth management segment[128] Credit Losses - Total provision for credit losses for the three months ended July 31, 2025, was CAD 797 million, compared to CAD 906 million in the same period of 2024, showing a decrease of 12%[123] Assets - The average assets for the three months ended July 31, 2025, totaled CAD 1,433,742 million, up from CAD 1,385,866 million in the previous year, indicating a growth of 3.4%[123] - The average earning assets for the three months ended July 31, 2025, were CAD 1,287,815 million, compared to CAD 1,258,977 million in the same period of 2024, indicating a growth of 2.3%[124]