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BMO Financial Group Reports Strong Q4 and Fiscal 2025 Results

On December 4, 2025, BMO Financial Group (TSX:BMO, NYSE:BMO) unveiled its audited consolidated financial statements for the fourth quarter and fiscal year 2025, demonstrating impressive growth and financial stability amid evolving market conditions.

Financial Performance Overview

In comparison to Q4 2024, BMO's reported net income for Q4 2025 is $2,295 million, slightly down from the previous year by $9 million. However, when adjusted, net income rises to $2,514 million, showcasing a significant 63% increase from $1,542 million in Q4 2024. BMO's earnings per share (EPS) also saw a rise, with reported EPS of $2.97 and adjusted EPS increasing to $3.28 from $1.90.

Fiscal Year Highlights

For the entire fiscal year 2025, BMO reported a net income of $8,725 million, marking a robust 19% increase from $7,327 million in fiscal 2024. Adjusted net income indicates even stronger performance, reaching $9,248 million against $7,449 million in the prior year. EPS for fiscal 2025 was reported at $11.44, reflecting a 20% rise compared to $9.51 in 2024.

Darryl White, CEO of BMO Financial Group, emphasized the bank's commitment to delivering strong results for its shareholders, citing consistent execution and operational momentum. 'Fiscal 2025 was a remarkable year for BMO. We achieved significant pre-provision, pre-tax earnings expansion and sustained positive operating leverage. Revenue increased across all our diversified businesses, reflecting our success in delivering exceptional client experiences and deepening relationships.'

Strategic Moves and Shareholder Returns

BMO has announced a quarterly dividend of $1.67 per common share, representing a 2% increase from the previous quarter and a 5% increase from the same quarter last year. This increase is part of BMO's commitment to return capital to shareholders while investing for future growth. The bank also repurchased 8 million common shares during the quarter under its normal course issuer bid.

The bank's Common Equity Tier 1 (CET1) Ratio as of October 31, 2025, stood at 13.3%, marginally down from 13.5% in the prior quarter, reflecting the balance between capital generation and strategic purchases of shares.

Operational Segment Performance

BMO's four operating segments—Canadian Personal and Commercial Banking, U.S. Banking, Wealth Management, and Capital Markets—all reported growth in net income for Q4. For example, wealth management saw a net income increase of $383 million, up by 27% from $301 million in the previous year. The U.S. banking segment also showed a notable increase in net income, rising to $807 million compared to $281 million in Q4 2024.

Looking Ahead

As BMO heads into fiscal 2026, the bank is strategically positioned for further growth. Investments in digital and AI-powered solutions are geared towards enhancing value delivery to clients. As Mr. White stated, the bank continues to attract talent and strengthen its culture, setting the stage for accelerating performance and creating long-term shareholder value.

In summary, BMO Financial Group's Q4 and fiscal year results not only reflect robust financial health but also confirm the bank's strategic direction in enhancing shareholder returns and investing in future growth. As they build upon these strengths, BMO remains committed to supporting the communities and clients they serve.