BMO(US:BMO) Prnewswireยท2025-08-26 09:30Financial Performance - BMO reported a net income of $2,330 million for Q3 2025, a 25% increase from $1,865 million in Q3 2024; adjusted net income was $2,399 million, up 21% from $1,981 million [2][3] - Year-to-date net income for 2025 reached $6,430 million, a 28% increase from $5,023 million in 2024; adjusted net income was $6,734 million, a 14% increase from $5,907 million [2][3] Earnings Per Share - Reported earnings per share (EPS) for Q3 2025 was $3.14, a 26% increase from $2.48 in the prior year; adjusted EPS was $3.23, up 22% from $2.64 [2][14] Revenue and Expenses - Total revenue for Q3 2025 was $8,988 million, compared to $8,192 million in Q3 2024, reflecting a strong performance in net interest income and non-interest revenue [26] - Non-interest expenses for Q3 2025 were $5,105 million, an increase from $4,839 million in the prior year, driven by higher operational costs [26] Credit Quality - The provision for credit losses was $797 million in Q3 2025, down from $906 million in Q3 2024, indicating improved credit performance [17] Segment Performance - Canadian P&C reported net income of $867 million, a decrease of 5% from the prior year; U.S. P&C saw a significant increase in net income to $709 million, up 51% [9][10] - BMO Wealth Management reported net income of $436 million, a 20% increase from the prior year, while BMO Capital Markets reported net income of $438 million, up 13% [12][13] Capital Management - BMO announced a fourth quarter 2025 dividend of $1.63 per common share, unchanged from the previous quarter but a 5% increase from the prior year [5] - The Common Equity Tier 1 (CET1) Ratio was reported at 13.5%, slightly up from 13.0% in the previous quarter, indicating stable capital management [19] Strategic Initiatives - The company is investing in sustainable growth, including the acquisition of Burgundy Asset Management Ltd., aimed at enhancing wealth management capabilities [4][7]