NYSE$BMO
Bank of Montreal · Q3 2025 earnings
Q3 2025 earnings · · Investor relations
Briefing
BMO reported strong third-quarter results with solid net income and revenue growth.
BMO delivered a strong Q3 2025, with net income rising to CAD 2.33 billion and adjusted EPS of CAD 3.23. The bank demonstrated disciplined execution, improved performance in U.S. operations, and maintained solid credit quality and capital strength.
- Reported net income was CAD 2.33 billion, up from CAD 1.865 billion the previous year.
- Adjusted EPS reached CAD 3.23, reflecting strong operational performance.
- Provision for credit losses decreased to CAD 797 million from CAD 906 million.
- Common Equity Tier 1 ratio improved to 13.5%.
Headline financials
Revenue & EPS history
BMO · Revenue · Quarterly
$6.5B
Forward guidance
BMO continues to invest in long-term growth and efficiency, supported by a strong balance sheet and disciplined execution.
Tailwinds
- Continued investment in AI and digital capabilities.
- Expansion through acquisition of Burgundy Asset Management.
- Strong U.S. segment performance.
- Improved credit quality and lower provisions.
- Stable CET1 ratio at 13.5%.
Headwinds
- Slight decline in Canadian P&C net income.
- Ongoing expense pressures in some segments.
- Credit uncertainty remains a consideration.
- Market conditions may impact revenue growth.
- Dependence on regulatory approvals for new NCIB.
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 Q3 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
| Quarter | Report date | Reaction (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% | |
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