Bank of Montreal

Latest Results (17.12.2024):

Net Income Growth

In the fourth quarter of 2024, Bank of Montreal reported a net income of $2,304 million, a significant increase from $1,710 million in the same quarter of 2023. However, the adjusted net income was $1,542 million, down from $2,243 million in the previous year. This reflects the bank's ability to grow its income despite challenges in the economic environment.

Earnings Per Share

Bank of Montreal's reported earnings per share (EPS) for the fourth quarter of 2024 was $2.94, compared to $2.19 in the fourth quarter of 2023. On an adjusted basis, the EPS was $1.90, a decrease from $2.93 in the previous year. This indicates a mixed performance in terms of profitability per share.

Provision for Credit Losses

The provision for credit losses (PCL) for Bank of Montreal in the fourth quarter of 2024 was $1,523 million, a substantial increase from $446 million in the same quarter of 2023. This rise in PCL reflects the bank's cautious approach in response to potential credit risks in the current economic climate.

Return on Equity

Bank of Montreal reported a return on equity (ROE) of 11.4% for the fourth quarter of 2024, up from 9.3% in the same period of 2023. However, the adjusted ROE was 7.4%, a decrease from 12.4% in the previous year, indicating a divergence between reported and adjusted performance metrics.

Dividend Increase

For the fourth quarter of 2024, Bank of Montreal declared a quarterly dividend of $1.59 per common share, representing an increase of $0.08 or 5% from the prior year, and $0.04 or 3% from the prior quarter. This increase demonstrates the bank's commitment to returning value to its shareholders.