TSX:BMO - Post Discussion
Post by
Betteryear2 on Mar 01, 2022 6:44am
First Quarter 2022 Results
BMO's First Quarter 2022 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended January 31, 2022, is available online at www.bmo.com/investorrelations and at www.sedar.com.
Financial Results Highlights
First Quarter 2022 Compared With First Quarter 2021:
- Net income of $2,933 million, an increase of 45%; adjusted net income1,3 of $2,584 million, an increase of 27%
- Reported earnings per share (EPS)2 of $4.43, an increase of 46%; adjusted EPS1,2,3 of $3.89, an increase of 27%
- Recovery of the provision for credit losses of $99 million, compared with a provision for credit losses of $156 million
- Return on equity (ROE) of 21.4%, an increase from 15.7%; adjusted ROE1,3 of 18.8%, an increase from 15.8%
- Common Equity Tier 1 Ratio4 of 14.1%, an increase from 12.4%
TORONTO, Mar. 1, 2022 /PRNewswire/ - For the first quarter ended January 31, 2022, BMO Financial Group (TSX:BMO) (NYSE:BMO) recorded net income of $2,933 million or $4.43 per share on a reported basis, and net income of $2,584 million or $3.89 per share on an adjusted basis.
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