Investor Presentation February 2024
Provision for Credit Losses (PCL)
PCL By Operating Group
($MM)
Q1 23
Q2 23
Q3 23
Q4 23 Q1 24
Personal & Business Banking
116
150
162
190
204
Q1'24 PCL ratio on impaired loans4 of 29 bps,
up 4 bps Q/Q with increases in consumer loans and
business & government loans, offset by benefits
from risk transfer transactions
Commercial Banking
19
10
35
42
34
Total Canadian P&C
135
160
197
232
238
PCL on Impaired Loans ($MM)
Personal & Business Banking
7
37
53
60
60
80
Commercial Banking
35
25
64
83
103
Total U.S. P&C
42
62
62
473
117
143
183
408
333
243
196
BMO Wealth Management
1
1
1
2
3
BMO Capital Markets
(3)
0
1
11
11
Q1'23
Q2'23
Q3'23
Q4'23
Q1'24
Corporate Services²
21
20
17
20
38
PCL on Impaired Loans
196
243
333
408
473
PCL Ratio (bps)
65
PCL on Performing Loans
21
780
159
38
154
38
30
201
27
Total PCL - Reported
15
217
1,023
492
446
627
25
29
14
21
16
Bank of the West - Initial Allowance³
(705)
Q1'23
Q2'23
Q3'23
Q4'23
Q1'24
Total PCL - Adjusted¹
318
PCL on impaired loans (bps)
-
Total PCL Adjusted 1 (bps)
-
Total PCL Reported (bps)
Prior period amounts have been reclassified to conform with the current period presentation
1 Adjusted results and measures are non-GAAP. See slide 56 for more information and slide 57 for adjustments to reported results
2 Effective the first quarter of 2024, provisions for credit losses related to our Canadian and U.S. indirect retail auto financing business, previously reported in Personal and Commercial Banking, are reported in Corporate
Services
3 Initial allowance for Bank of the West as of February 1, 2023
4 PCL Ratios are calculated as the annualized provision for credit losses as a percentage of average net loans and acceptances, expressed in basis points
BMOM
Investor Presentation ⚫ February 2024
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