BMO Financial Group Reports First Quarter 2021 Results

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Go back to BMO Financial Group Reports First Quarter 2021 Results

BMO Financial Group (BMO) Reports Q1 EPS of Cdn$3.06 on Revenues of Cdn$6.75B

February 23, 2021 5:37 AM EST

BMO Financial Group (NYSE: BMO) reported Q1 EPS of Cdn$3.06, versus Cdn$2.41 reported last year. Revenue for the quarter came in at Cdn$6.98 billion, versus Cdn$6.75 billion reported last year.

First Quarter 2021 Compared With First Quarter 2020:

Net income of $2,017 million, an increase of 27%; adjusted net income1 of $2,038 million, an increase of 26%Reported EPS2 of $3.03, an increase of 28%; adjusted EPS1,2 of $3.06, an increase of 27%Provision for credit losses (PCL) of $156 million, compared with $349 millionReported net efficiency ratio3 of 56.7%, compared with 60.8%; adjusted net efficiency ratio1,3 of 56.3%,... More