BANK OF MONTREAL /CAN/ (BMO) Company Report

Analyst Coverage

Research analysts who have asked questions during BANK OF MONTREAL /CAN/ earnings calls.

Gabriel Dechaine

National Bank Financial

7 questions for BMO

Also covers: , BNS, CM +6 more

Mario Mendonca

TD Securities

7 questions for BMO

Also covers: BNS, CM, GRWTF +5 more

Ebrahim Poonawala

Bank of America Securities

6 questions for BMO

Also covers: , BK, BNS +30 more

Doug Young

Desjardins Capital Markets

5 questions for BMO

Also covers: , BNS, CM +7 more

John Aiken

Jefferies Securities

5 questions for BMO

Also covers: BNS, CM, MFC +3 more

Paul Holden

CIBC World Markets

5 questions for BMO

Also covers: BNS, GRWTF, GWLIF +5 more

Lemar Persaud

Cormark Securities

4 questions for BMO

Also covers: BNS, CM, MFC +3 more

Darko Mihelic

RBC Capital Markets

3 questions for BMO

Also covers: , BNS, CM +4 more

Meny Grauman

Scotiabank

3 questions for BMO

Also covers: , CM, GWLIF +4 more

Matthew James Lee

Canaccord Genuity Group

2 questions for BMO

Also covers: BNS, RY, TD

Darko Mihalik

RBC

1 question for BMO

Ebrahim Poonawalla

Bank of America

1 question for BMO

Also covers: BNS

Matthew Lee

Canaccord Genuity

1 question for BMO

Also covers: BNS, CAE, CM

Mehmed Rizvanovic

KBW Research

1 question for BMO

Also covers: TD, VBNK

Mike Rizvanovic

Scotiabank

1 question for BMO

Also covers: CM, RY, VBNK

Shalabh Garg

Veritas Investment Research Corporation

1 question for BMO

Also covers: CM, TD

Latest news

Recent press releases and 8-K filings for BMO.

Asante Gold Increases Private Placement to C$156 Million

BMO

Debt Issuance

New Projects/Investments

Asante Gold Corporation has increased its brokered private placement to C$156,000,000 for 97,500,000 common shares at C$1.60 per share, with BMO Capital Markets as the lead underwriter.
The company also announced a non-brokered private placement with its Executive Chairman, Malik Easah, for C$13,800,000.
The net proceeds from these offerings, combined with an additional US$30 million from an accordion feature in its senior debt facility, are intended for development and growth expenditures at the Bibiani and Chirano mines, and for general working capital purposes.
The brokered offering is anticipated to close on or about January 6, 2026, while the non-brokered offering is expected to close around January 30, 2026.

7 days ago

Press Release

Bank of Montreal Issues US$750 Million Senior Notes

BMO

Debt Issuance

Bank of Montreal reported the issue and sale of US$750,000,000 aggregate principal amount of 4.100% Fixed/Floating Rate Senior Notes due 2027.
This information was filed in a Form 6-K on December 15, 2025.
Legal opinions from Sullivan & Cromwell LLP and Osler, Hoskin & Harcourt LLP confirm the validity and legally binding nature of these Notes.

8 days ago

6-K

Brompton Split Banc Corp. Completes Preferred Share Offering

BMO

Convertible Preferred Issuance

Brompton Split Banc Corp. completed a treasury offering of preferred shares on December 10, 2025, generating approximately $38.2 million in gross proceeds.
The Preferred Shares were offered at a price of $10.40 per share, providing a yield of 6.0%, and are traded on the Toronto Stock Exchange under the symbol SBC.PR.A.
The Fund's investment strategy focuses on an approximately equally weighted portfolio of common shares of the six largest Canadian banks, with the flexibility to allocate up to 10% of total assets to global financial companies.
As of November 30, 2025, the Preferred Shares (TSX: SBC.PR.A) have shown compound annual returns of 6.4% over the past year and 5.9% over the past five years.

Dec 10, 2025, 1:51 PM

Press Release

Rio2 Upsizes Bought Deal Financing to C$166 Million

BMO

New Projects/Investments

Rio2 Limited has upsized its previously announced "bought deal" financing from C$140 million to approximately C$166 million, or approximately US$120 million, due to strong investor demand.
The financing involves the purchase of 74,865,000 Subscription Receipts at an Issue Price of $2.22 per Subscription Receipt.
The Company has granted the underwriters an over-allotment option to purchase up to an additional 15% of the Subscription Receipts sold.
The Equity Financing is expected to close on or about December 15, 2025.

Dec 9, 2025, 2:08 AM

Press Release

Bank of Montreal Reports Improved Earnings Coverage Ratios for Fiscal Year 2025

BMO

Earnings

Dividends

Debt Issuance

Bank of Montreal reported an interest coverage ratio on subordinated indebtedness of 26.32 times for the 12 months ended October 31, 2025, an increase from 21.88 times in the prior year.
The grossed up dividend coverage on Class B Preferred Shares and other equity instruments improved to 23.63 times for the 12 months ended October 31, 2025, up from 21.48 times for the same period in 2024.
The combined interest and grossed up dividend coverage for subordinated indebtedness and equity instruments was 12.70 times for the 12 months ended October 31, 2025, compared to 11.09 times for the 12 months ended October 31, 2024.

Dec 4, 2025, 8:29 PM

6-K

BMO Financial Group Announces Common Share Dividend Increase

BMO

Dividends

Bank of Montreal's Board of Directors declared a quarterly dividend of $1.67 per share on paid-up common shares for the first quarter of fiscal year 2026.
This dividend represents a 4 cent, or 2 percent, increase from the prior quarter, and is up 5 percent from the prior year.
The common share dividend is payable on February 26, 2026, to shareholders of record on January 30, 2026.

Dec 4, 2025, 8:09 PM

6-K

BMO Reports Strong Fiscal 2025 Q4 Results and Raises Dividend

BMO

Earnings

Dividends

Revenue Acceleration/Inflection

Bank of Montreal (BMO) reported a fiscal 2025 fourth-quarter profit of $2.3 billion and adjusted earnings per share of $3.28, surpassing analyst expectations.
The bank increased its quarterly dividend by 2% to $1.67 per share, reflecting robust financial performance and commitment to shareholder value.
Revenue for the quarter rose to $9.34 billion from $8.96 billion the previous year, while provisions for credit losses significantly decreased to $755 million from $1.52 billion a year ago.
BMO's stock saw substantial gains in 2025, with a roughly 37% increase on the Toronto Stock Exchange and about 30.6% on the NYSE.

Dec 4, 2025, 2:00 PM

Bloomberg

BMO Reports Strong Q4 and Full-Year 2025 Results, Announces Dividend Increase and CFO Retirement

BMO

Earnings

Dividends

CFO Change

For fiscal year 2025, BMO reported adjusted EPS of $12.16 and record net income of $9.2 billion, with Q4 2025 adjusted EPS at $3.28.
The company significantly improved its full-year Return on Equity (ROE) by 150 basis points to 11.3%, exiting Q4 with 11.8%, and delivered 26% EPS growth.
BMO returned over $8 billion in capital to shareholders in 2025 through buybacks and dividends, and announced a dividend increase of $0.04 to $1.67 per share, maintaining a strong CET1 ratio of 13.3%.
Looking to 2026, BMO anticipates low single-digit loan growth in Canada and mid-single-digit loan growth in the U.S. by year-end, and expects to record a CAD 225 million restructuring charge in Q1 for workforce optimization, projected to deliver CAD 250 million in annualized savings.
CFO Tayfun Tuzun will retire at the end of the year, with Q4 2025 being his final quarterly call.

Dec 4, 2025, 1:30 PM

Transcript

BMO Reports Strong Q4 2025 Results and Outlines 2026 Outlook

BMO

Earnings

Guidance Update

Share Buyback

BMO reported strong Q4 2025 adjusted results, with adjusted EPS of $3.28 and net income of $2.5 billion, driven by 12% revenue growth and a 440 basis point improvement in Return on Equity (ROE) to 11.8%.
For fiscal year 2025, the bank achieved an ROE of 8.1% and maintained its medium-term ROE target of 15%, aiming to reach it in the early part of the 3-5 year range.
The bank plans a CAD 225 million workforce optimization charge in Q1 2026, expected to generate CAD 250 million in annualized savings, with half realized in 2026.
BMO's CET1 ratio stands at a strong 13.3%, above its 12.5% management target, and the company completed 22.2 million share repurchases in fiscal 2025, with plans to continue in 2026.
The company expects low single-digit loan growth in Canada and mid-single-digit loan growth in the U.S. by year-end 2026, while maintaining a disciplined M&A strategy focused on opportunities that align with strategic and ROE objectives.

Dec 4, 2025, 1:30 PM

Transcript

BMO Financial Group Reports Fourth Quarter and Fiscal 2025 Results

BMO

Earnings

Dividends

Share Buyback

BMO Financial Group reported adjusted net income of $2,514 million for the fourth quarter of 2025, a 63% increase from the prior year, with adjusted EPS rising 73% to $3.28. For fiscal 2025, adjusted net income grew 24% to $9,248 million, and adjusted EPS increased 26% to $12.16.
The company declared a quarterly dividend of $1.67 per common share, an increase of $0.04 or 2% from the prior quarter and $0.08 or 5% from the prior year.
Provision for credit losses (PCL) for Q4 2025 was $755 million, a decrease from $1,523 million in Q4 2024.
BMO's Common Equity Tier 1 (CET1) Ratio was 13.3% as of October 31, 2025.
During the fourth quarter of 2025, 8.0 million common shares were purchased for cancellation under the normal course issuer bid.