NYSE$BMO

Bank of Montreal · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

BMO reported double-digit earnings growth with improved credit performance and higher return on equity in the first quarter.

BMO delivered strong Q1 2026 results with net income rising 16% year over year to 2489000000 and EPS increasing to 3.39. Revenue reached 9824000000, while provision for credit losses declined significantly, supporting higher profitability and improved return on equity.

  • Net income increased 16% year over year to 2489000000.
  • Diluted EPS rose 20% to 3.39; adjusted EPS was 3.48.
  • Provision for credit losses declined to 746000000 from 1011000000.
  • Return on equity improved to 12.1%.

Headline financials

Total Revenue

$7.26B

Previous: $6.41B+13.4%
EPS (adj)

$2.57

Previous: $2.10+22.4%
Net Income

$1.84B

Previous: $1.48B+24.5%
Operating Income

$2.46B

Previous: $1.95B+25.8%

Revenue & EPS history

BMO · Revenue · Quarterly

$7.26B

Q1 2026+13.4%vs Q1 2025
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Forward guidance

The report did not provide specific quantitative financial guidance for upcoming quarters but emphasized continued focus on operational efficiency, disciplined expense management, and capital strength.

Tailwinds

  • Strong capital position with CET1 ratio of 13.1%.
  • Improving credit performance with lower provisions.
  • Double-digit earnings growth year over year.
  • Higher return on equity compared to prior year.
  • Ongoing operational efficiency initiatives.

Headwinds

  • CET1 ratio declined from the prior quarter.
  • Exposure to macroeconomic and market volatility.
  • Foreign exchange headwinds impacted U.S. earnings.
  • Severance and integration costs affected reported results.
  • Regulatory and capital requirement uncertainties remain.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.2%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+0.0%

Avg return

30 days after

51%

19 / 37 earnings

Positive

+5.9%

Q3 2020

Best reaction

-5.4%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+4.0%-1.2%+10.1%
Q3 2025+4.9%+6.4%+13.7%
Q2 2025+1.4%+2.9%+4.1%
Q1 2025-2.1%+3.0%-2.8%
Q4 2024-0.1%+5.8%+0.8%
Q2 2024-5.4%-7.5%-12.8%
Q4 2023+3.6%+4.3%+20.2%
Q3 2023+2.0%+2.6%+1.4%
Q2 2023-4.6%-3.0%+0.9%
Q1 2023-0.5%-0.3%-8.4%
Q4 2022+1.2%-3.4%-7.4%
Q3 2022-3.2%-5.5%-9.8%
Q2 2022-0.5%+3.1%-8.3%
Q1 2022-0.4%+0.9%+3.6%
Q4 2021+2.2%+3.7%+2.4%
Q3 2021+2.0%-1.1%-0.3%
Q2 2021+0.9%+2.5%+2.1%
Q1 2021+3.3%+1.0%+10.2%
Q4 2020+2.6%+5.6%+4.6%
Q3 2020+5.9%+8.5%+0.3%
Q2 2020+1.8%+0.3%+1.5%
Q1 2020-2.5%-9.3%-33.5%
Q4 2019-1.8%-0.2%+2.6%
Q3 2019-4.2%-1.7%+4.6%
Q2 2019-2.1%-3.8%-0.8%
Q1 2019+2.4%+3.1%-0.5%
Q4 2018-4.1%-6.8%-12.1%
Q3 2018+0.2%-0.0%+1.0%
Q2 2018+1.2%+1.8%+0.9%
Q1 2018-2.2%-4.7%-3.8%
Q4 2017-0.3%+0.2%+3.8%
Q3 2017-2.6%-2.2%+2.3%
Q2 2017-2.4%-3.6%+0.7%
Q1 2017-0.3%+1.4%-1.3%
Q4 2016+2.7%+8.2%+9.4%
Q3 2016+2.9%+2.6%+1.7%
Q2 2016+2.5%+1.2%-0.9%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q1 2009
Q3 2008
Q2 2008
Q1 2008
Q3 2007
Q1 2007
Q2 2007
Q3 2006
Q2 2006
Q1 2006
Q4 2005
Q3 2005
Q2 2005
Q1 2005
Q3 2004
Q2 2004
Q1 2004

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