Investor Presentation February 2024 slide image

Investor Presentation February 2024

Pre-Provision, Pre-Tax Earnings (PPPT) Reconciliation (Canadian $ in millions unless otherwise stated) Total Bank Reported Income before taxes Total provision for (recovery of) credit losses Reported Pre-Provision, Pre-Tax Earnings (PPPT) Acquisition and integration costs Amortization of acquisition-related intangible assets Legal provision FDIC special assessment Net loss on RV loan portfolio sale Q1 24 Q4 23 Q3 23 Q2 23 Q1 23 1,655 2,194 1,988 1,265 500 627 446 492 1,023 217 2,282 2,640 2,480 2,288 717 (76) (582) (497) (727) (239) (112) (119) (115) (115) (15) (16) (7) (417) (164) Management of Fair Value Changes on the Purchase of Bank of the West Impact of Canadian tax measures (160) | | | (2,011) Adjusted Pre-Provision, Pre-Tax Earnings (PPPT) 3,066 3,357 3,248 3,137 2,983 U.S. Segment (USD) Reported Income (loss) before taxes 207 452 442 (184) (848) Total provision for (recovery of) credit losses 226 135 165 578 36 Reported Pre-Provision, Pre-Tax Earnings (PPPT) 433 587 607 394 (812) Acquisition and integration costs (52) (426) (369) (530) (175) Management of Fair Value Changes on the Purchase of Bank of the West (1,505) Net loss on RV loan portfolio sale (122) FDIC special assessment (308) Amortization of acquisition-related intangible assets (79) (82) (82) (82) (5) Canadian P&C Legal provision Reported Income before taxes (11) (11) 3 (5) (7) Adjusted Pre-Provision, Pre-Tax Earnings (PPPT) 1,005 1,106 1,055 1,011 880 1,273 1,271 1,213 1,135 1,308 Total provision for (recovery of) credit losses 295 265 259 241 144 Reported Pre-Provision, Pre-Tax Earnings (PPPT) 1,568 1,536 1,472 1,376 1,452 Adjusting Items impacting Non-interest expense (Pre-tax) (1) (2) (8) (3) Acquisition and integration costs (4) (4) (3) (1) Adjusted Pre-Provision, Pre-Tax Earnings (PPPT) 1,573 1,542 1,483 1,380 1,452 Reported Income before taxes U.S. P&C (USD) BMO Wealth Management Total provision for (recovery of) credit losses Reported Pre-Provision, Pre-Tax Earnings (PPPT) Acquisition and integration costs Adjusted Pre-Provision, Pre-Tax Earnings (PPPT) Reported Income before taxes Total provision for (recovery of) credit losses Reported Pre-Provision, Pre-Tax Earnings (PPPT) Amortization of acquisition-related intangible assets Adjusted Pre-Provision, Pre-Tax Earnings (PPPT) BMO Capital Markets Reported Income before taxes Total provision for (recovery of) credit losses Reported Pre-Provision, Pre-Tax Earnings (PPPT) Acquisition and integration costs 522 555 493 699 644 217 129 154 52 41 739 684 647 751 685 (75) (76) (78) (78) (1) 814 760 725 829 686 318 474 528 315 198 13 1 7 4 6 331 475 535 319 204 (1) (2) (2) (2) (1) 332 477 537 321 205 495 598 378 502 618 (22) 1 10 17 (10) 473 599 388 519 608 (14) 3 (2) (2) (4) Amortization of acquisition-related intangible assets (7) (7) (7) (8) (5) Adjusted Pre-Provision, Pre-Tax Earnings (PPPT) 494 603 397 529 617 Prior period amounts have been reclassified to conform with the current period presentation, including the retrospective application of IFRS 17 Reported and adjusted pre-provision pre-tax earnings (PPPT) are non-GAAP measures. See slide 56 for more information Refer to footnotes (1) to (7) in the Non-GAAP and other Financial Measures table on slide 57 for details on adjusting items, and the Non-GAAP and Other Financial Measures and Summary Quarterly Earnings Trend sections of the First Quarter 2024 MD&A for further information BMOM Investor Presentation ⚫ February 2024 59
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