The browser you are using is not supported. Minimum requirements for the BMO Annual Report online are Internet Explorer 5.5, Firefox 1.0, or Netscape 6.2. More details can be found on our Technical Requirements page.

Page Title

         
For the year ended October 31 2005 Target   2005 2004  2003
 
Income Statement Highlights (Canadian $ in millions)
Total revenue (teb) (a) (c)     9,958 9,488  9,149
Provision for (recovery of) credit losses 179 (103) 455
Non-interest expense     6,327 6,157  6,087
Net income     2,400 2,306  1,781
 
Common Share Data ($) (b)
Earnings per share     4.64 4.42  3.44
Cash earnings per share (c)     4.79 4.57  3.59
 
Key Financial Measures (%) (b)    
Five-year average annual total shareholder return     13.8 18.9  12.9
Earnings per share growth (b)   checkmark 5 29  28
– on a targeted basis (c) 3%-8% (d) checkmark 9 na  na
Return on equity 17%-18% checkmark 18.8 19.4  16.4
Revenue growth (teb) (c)     5.0 3.7  4.7
Cash productivity ratio (teb) (c)     62.6 63.8  65.4
– targeted improvement (bps) 150 to 200 bps X 120 160  260
Provision for credit losses as a % of average net loans and acceptances 0.11 (0.07) 0.30
– targeted specific provision ($millions) ≤ $400 checkmark 219 67  455
Tier 1 Capital Ratio > 8% checkmark 10.25 9.81  9.55
 

All ratios in this report are based on unrounded numbers.

(a) All revenues in this report, except in the Consolidated Financial Statements, are reported on a taxable equivalent basis (teb). See Revenue section of MD&A.

(b) All earnings per share (EPS) measures in this report refer to diluted EPS, unless otherwise specified.

(c) This is a non-GAAP measure. See Non-GAAP Measure section of MD&A.

(d) Targeted EPS growth from a base of $4.21 (excluding changes in the general allowance).

na – not applicable
Net Income graph Earnings Per Share graph Return on Equity graph One-Year Total Shareholder Return graph
Previous Page Previous | Next Next Page

BMO Financial Group Annual Report 2005