Financials Bank of Montreal

Equities

BMO

CA0636711016

Banks

Market Closed - Toronto S.E. Other stock markets 04:15:22 2026-02-13 pm EST			5-day change	1st Jan Change
192.17 ^CAD	+0.73%		-2.10%	+7.81%

Feb. 13	BMO Says Canada's Provincial Bond Yield Spreads Tighten "Dramatically"	MT
Feb. 13	BMO on The Day Ahead in Canada	MT

Projected Income Statement: Bank of Montreal

Fiscal Period: October	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	27,186	33,710	31,199	32,412	36,274	37,895	39,723	41,130
Change	-	24%	-7.45%	3.89%	11.92%	4.47%	4.82%	3.54%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	11,208	12,022	13,346	13,423	15,839	16,271	17,252	17,082
Change	-	7.26%	11.01%	0.58%	18%	2.72%	6.03%	-0.99%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	10,258	17,886	5,863	9,535	11,550	12,935	14,396	15,403
Change	-	74.36%	-67.22%	62.63%	21.13%	11.99%	11.3%	6.99%
Net income ¹	7,754	13,537	4,377	6,932	8,273	9,263	10,291	11,054
Change	-	74.58%	-67.67%	58.37%	19.35%	11.96%	11.1%	7.41%
Announcement Date	12/3/21	12/1/22	12/1/23	12/5/24	12/4/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: October	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	6,975	6,047	7,562	6,573	7,723	9,318	6,099	10,570	6,470	8,440	7,929	8,360	7,850	7,988	8,206	8,368	9,266	8,679	8,988	9,341	9,427	9,204	9,627	9,683	9,733	9,505	10,006	10,120
Change	-	-13.3%	25.05%	-13.08%	17.5%	20.65%	-34.55%	73.31%	-38.79%	30.45%	-6.05%	5.44%	-6.1%	1.76%	2.73%	1.97%	10.73%	-6.33%	3.56%	3.93%	0.92%	-2.36%	4.59%	0.58%	0.51%	-2.34%	5.27%	1.15%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	2,789	2,747	2,916	2,756	3,280	2,813	2,870	2,959	3,122	3,118	3,055	3,226	3,067	3,355	3,509	3,492	4,044	3,772	3,976	4,047	3,920	4,022	4,150	4,072	-	-	-	-
Change	-	-1.51%	6.15%	-5.49%	19.01%	-14.24%	2.03%	3.1%	5.51%	-0.13%	-2.02%	5.6%	-4.93%	9.39%	4.59%	-0.48%	15.81%	-6.73%	5.41%	1.79%	-3.14%	2.59%	3.18%	-1.88%	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	2,605	1,890	2,964	2,799	3,895	6,363	1,691	5,937	639	1,253	1,795	2,063	1,656	2,425	2,447	-	2,828	2,606	3,086	3,030	2,946	3,084	3,544	3,429	3,338	3,403	3,660	3,727
Change	-	-27.45%	56.83%	-5.57%	39.16%	63.36%	-73.42%	251.09%	-89.24%	96.09%	43.26%	14.93%	-19.73%	46.44%	0.91%	-	-	-7.85%	18.42%	-1.81%	-2.77%	4.69%	14.9%	-3.25%	-2.63%	1.95%	7.55%	1.82%
Net income ¹	2,017	1,303	2,275	2,159	2,933	4,756	1,365	4,483	247	1,059	1,454	1,617	1,292	1,719	1,814	-	2,069	1,818	2,261	2,125	2,210	2,196	2,516	2,399	2,413	2,401	2,668	2,657
Change	-	-35.4%	74.6%	-5.1%	35.85%	62.15%	-71.3%	228.42%	-94.49%	328.74%	37.3%	11.21%	-20.1%	33.05%	5.53%	-	-	-12.13%	24.37%	-6.02%	4.01%	-0.63%	14.54%	-4.64%	0.61%	-0.53%	11.16%	-0.43%
Announcement Date	2/23/21	5/26/21	8/24/21	12/3/21	3/1/22	5/25/22	8/30/22	12/1/22	2/28/23	5/24/23	8/29/23	12/1/23	2/27/24	5/29/24	8/27/24	12/5/24	2/25/25	5/28/25	8/26/25	12/4/25	-	-	-	-	-	-	-	-

¹CAD in Million

Estimates

Forecast Balance Sheet: Bank of Montreal

Fiscal Period: October	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	12/3/21	12/1/22	12/1/23	12/5/24	12/4/25	-	-	-

Estimates

Cash Flow Forecast: Bank of Montreal

Fiscal Period: October	2020	2021	2022	2023	2024	2025
CAPEX ¹	399	484	777	885	1,564	720
Change	-	21.3%	60.54%	13.9%	76.72%	-53.96%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	12/1/20	12/3/21	12/1/22	12/1/23	12/5/24	12/4/25

¹CAD in Million

Estimates

Forecast Financial Ratios: Bank of Montreal

Fiscal Period: October	2020	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	41.23%	35.66%	42.78%	41.41%	43.66%	42.94%	43.43%	41.53%
EBT Margin (%)	-	37.73%	53.06%	18.79%	29.42%	31.84%	34.13%	36.24%	37.45%
Net margin (%)	-	28.52%	40.16%	14.03%	21.39%	22.81%	24.44%	25.91%	26.88%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.89%	0.85%	0.71%	0.51%	0.61%	0.68%	0.72%	-
ROE	-	16.7%	15.2%	11.72%	9.8%	11.3%	12.08%	13.15%	12.53%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	4.24	5.44	5.8	6.12	6.44	6.793	7.219	7.516
Change	-	-	28.3%	6.62%	5.52%	5.23%	5.48%	6.27%	4.11%
Book Value Per Share ¹	-	80.18	95.6	97.17	104.4	111.6	116	122.9	132.7
Change	-	-	19.23%	1.64%	7.44%	6.87%	3.96%	5.95%	7.98%
EPS ¹	-	11.58	19.99	5.68	9.51	11.44	13.29	15.18	16.08
Change	-	-	72.63%	-71.59%	67.43%	20.29%	16.19%	14.22%	5.9%
Nbr of stocks (in thousands)	-	648,095	671,437	720,734	729,530	716,307	712,382	712,382	712,382
Announcement Date	-	12/3/21	12/1/22	12/1/23	12/5/24	12/4/25	-	-	-