BMO Financial Group (BMO) Tops Q2 EPS by 41c, Miss on Revenues

BMO Financial Group (NYSE: BMO) reported Q2 EPS of $1.84, $0.41 better than the analyst estimate of $1.43. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $3.81 billion.

Financial Results Highlights:

Second Quarter 2017 Compared with Second Quarter 2016:

• Net income of $1.25 billion, up 28%; adjusted net income1 of $1.29 billion, up 12%
• EPS2 of $1.84, up 27%; adjusted EPS1,2 of $1.92, up 11%
• ROE of 12.6%, compared with 10.1%; adjusted ROE1 of 13.1%, compared with 12.1%
• Provisions for credit losses of $259 million, compared with $201 million
• Common Equity Tier 1 Ratio of 11.3%
• Dividend increased by $0.02 to $0.90, up 5% from the prior year

Year-to-Date 2017 Compared with Year-to-Date 2016:

• Net income of $2.74 billion, up 34%; adjusted net income1 of $2.83 billion, up 21%
• EPS2 of $4.06, up 34%; adjusted EPS1,2 of $4.20, up 21%
• ROE of 13.8%, compared with 10.5%; adjusted ROE1 of 14.2%, compared with 12.1%
• Provisions for credit losses of $432 million, compared with $384 million

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

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