NYSE$BMO

Bank of Montreal · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

BMO reported higher net income and EPS compared to the same quarter last year, supported by strong revenue across all segments.

BMO Financial Group posted a strong Q2 2025, with gains in net income and EPS over the prior year. All operating segments contributed to revenue growth, despite increased credit loss provisions. The bank's capital position remains solid, enabling dividend increases and share buybacks.

  • Reported net income increased to CAD$1.96B from CAD$1.87B in Q2 2024.
  • Adjusted EPS rose to CAD$2.62 from CAD$2.59 in the same quarter last year.
  • Provision for credit losses increased significantly to CAD$1.054B.
  • The Common Equity Tier 1 (CET1) Ratio improved to 13.5%.

Headline financials

Total Revenue

$6.28B

No prior period
EPS (adj)

$1.89

No prior period
Net Income

$1.42B

Previous: $1.37B+3.2%
Operating Income

$1.88B

No prior period

Revenue & EPS history

BMO · Revenue · Quarterly

$6.28B

Q2 2025
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Forward guidance

BMO is focused on rebuilding ROE and optimizing its balance sheet amid economic uncertainty.

Tailwinds

  • Strong capital position with CET1 at 13.5%
  • Dividend increased to CAD$1.63 per share
  • Share buybacks of 7 million shares
  • Revenue growth across all operating groups
  • Moderation in impaired credit provisions

Headwinds

  • Higher provision for credit losses on performing loans
  • Lower ROE compared to previous year
  • Decline in Capital Markets net income
  • Pressure from operating expenses
  • Continued impact of economic outlook on loan performance

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 Q2 2025

Historical avgQ2 2025

+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
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Q3 2011
Q2 2011
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Q4 2010
Q3 2010
Q1 2009
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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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