A bank that traces its roots to 1817, when nine Montreal merchants opened Canada's first bank on St. Paul Street under the name "Montreal Bank." Today BMO serves millions of customers across North America with everyday banking, mortgages, credit cards, and wealth management. It once acted as Canada's de facto central bank, managing the federal government's money until the Bank of Canada took over in 1935.
BMO reports Q3 2026 net income of $1,750M, down 25% YoY; adjusted net income up 19%.
Reported diluted EPS was $2.38, down 24% year-over-year; adjusted EPS was $3.96, up 22%.
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Reported net income for Q3 2026 was $1,750 million, down 25% from $2,330 million in Q3 2025, while adjusted net income rose 19% to $2,859 million.
The decline in reported results was driven by a $962 million after-tax charge related to the announced sale of BMO's Transportation and Vendor Finance businesses.
BMO declared a Q4 2026 dividend of $1.71 per common share, unchanged from the prior quarter and up 5% year-over-year.
BMO announced intention to establish a new normal course issuer bid for up to 25 million common shares, subject to regulatory approvals.
BMO declares quarterly dividend of $1.71 per common share, unchanged from prior quarter.
Bank of Montreal's Board declared a quarterly dividend of $1.71 per common share for Q4 fiscal 2026, payable November 26, 2026, to shareholders of record on October 30, 2026.
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Dividends declared on preferred shares: $0.426 per share on Series 44, $36.865 per share on Series 50, and $35.285 per share on Series 52.
Preferred share dividends are payable on November 25 or 26, 2026, with the same record date of October 30, 2026.
All declared dividends are designated as 'eligible' dividends under Canadian tax legislation.
Common shareholders can reinvest cash dividends through the Shareholder Dividend Reinvestment and Share Purchase Plan, with enrollment deadline of November 3, 2026 for registered shareholders.
Bank of Montreal files Form 6-K with CEO and CFO certifications for quarterly report ended July 31, 2026
Bank of Montreal furnished a Form 6-K to the SEC on August 25, 2026, incorporating the filing by reference into its registration statements.
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The exhibit contains certifications by CEO Darryl White and CFO Rahul Nalgirkar under Section 302 of the Sarbanes-Oxley Act.
The certifications relate to the quarterly report for the period ended July 31, 2026, affirming the report's accuracy and fair presentation of financial condition.
The officers state they have designed and evaluated disclosure controls and procedures and disclosed any material changes in internal control over financial reporting.
Bank of Montreal reports earnings coverage ratios for 12 months ended July 31, 2026
Grossed up dividend coverage on Class B Preferred Shares and other equity instruments was 23.73 times for the 12 months ended July 31, 2026, compared to 23.63 times for the 12 months ended October 31, 2025.
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Interest coverage on subordinated indebtedness was 29.36 times for the 12 months ended July 31, 2026, up from 26.32 times for the 12 months ended October 31, 2025.
Combined interest and grossed up dividend coverage on subordinated indebtedness, Class B Preferred Shares and other equity instruments was 13.38 times for the 12 months ended July 31, 2026, versus 12.70 times for the 12 months ended October 31, 2025.
Earnings before interest on subordinated indebtedness and income tax were $12,771.03 million for the 12 months ended July 31, 2026, compared to $11,989.87 million for the 12 months ended October 31, 2025.
The ratios are disclosed in accordance with Section 8.4 of National Instrument 44-102 – Shelf Distributions, using unaudited interim financial statements for the period ended July 31, 2026 and audited financial statements for the year ended October 31, 2025.
BMO and RBC agree to sell Moneris to Francisco Partners for ~$2.0B
BMO and Royal Bank of Canada entered into an agreement to sell jointly-owned Moneris Solutions Corporation to Francisco Partners for cash consideration of approximately $2.0 billion, with BMO's share at 50%.
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BMO expects to record a gain on closing of approximately $600 million after-tax ($620 million pre-tax), reported in Non-Interest Revenue in Corporate Services as an adjusting item.
The transaction is expected to improve BMO's common equity Tier 1 (CET1) ratio by approximately 15 basis points on a pro forma basis.
Concurrent with closing, BMO and RBC will enter into new exclusive, long-term referral arrangements with Moneris.
The transaction is expected to close by the end of the first quarter of fiscal year 2027, subject to customary closing conditions and regulatory approvals.