BMO Financial Group (NYSE: BMO) reported Q3 EPS of $2.36, $0.69 better than the analyst estimate of $1.67. Revenue for the quarter came in at $5.55 billion versus the consensus estimate of $4.21 billion.

• Net income of $1,536 million, up 11%; adjusted net income1 of $1,565 million, up 14%
• EPS2 of $2.31, up 13%; adjusted EPS1,2 of $2.36, up 16%
• ROE of 14.7%, up from 13.4%; adjusted ROE1 of 15.0%, up from 13.3%
• Provision for credit losses3 (PCL) of $186 million compared with $202 million on an adjusted basis in the prior year and $126 million on a reported basis; prior year reported provision for credit losses includes a decrease in the collective allowance of $76 million pre-tax
• Common Equity Tier 1 Ratio of 11.4%

"BMO delivered strong results and ongoing earnings momentum this quarter. Adjusted net income was up 14% and adjusted earnings per share grew 16% with a particularly good contribution from our U.S. segment and from our competitively advantaged commercial businesses on both sides of the border. Total Bank adjusted operating leverage was 2.9% and was positive in each of our operating groups," said Darryl White, Chief Executive Officer, BMO Financial Group.

"The bank is strong and growing. Our performance is a direct result of efforts to simplify how we work across our organization and with our customers and deliver the exceptional products and experiences that our customers have come to expect. Together we are making the bank more efficient and more competitive, positioning ourselves to deliver long-term growth and shareholder value," concluded Mr. White.

For earnings history and earnings-related data on BMO Financial Group (BMO) click here.