Bank of Montreal 2003 Annual Report Download - page 72

BMO Financial Group 186th Annual Report 200368
Supplemental Information
Table 27 Quarterly Financial Measures
Oct. 31 July 31 April 30 Jan. 31 Oct. 31 July 31 April 30 Jan. 31
2003 2003 2003 2003 2002 2002 2002 2002 2003 2002 2001
Information per Common Share ($)
Dividends declared 0.35 0.33 0.33 0.33 0.30 0.30 0.30 0.30 1.34 1.20 1.12
Earnings
Basic 0.99 0.97 0.78 0.77 0.77 0.66 0.57 0.73 3.51 2.73 2.72
Diluted 0.97 0.95 0.77 0.75 0.75 0.65 0.57 0.71 3.44 2.68 2.66
Cash earnings
Basic 1.02 1.01 0.83 0.81 0.81 0.71 0.60 0.76 3.67 2.88 2.92
Diluted 1.00 0.99 0.81 0.79 0.79 0.70 0.59 0.75 3.59 2.83 2.86
Book value 22.09 21.92 21.34 21.33 21.07 20.74 20.29 20.11 22.09 21.07 19.69
Market price
High 50.26 45.00 43.39 43.40 40.65 38.13 39.60 37.70 50.26 40.65 44.40
Low 41.88 39.44 39.30 37.79 34.15 31.00 34.05 34.39 37.79 31.00 32.75
Close 49.33 44.65 40.10 41.30 38.10 35.26 37.68 36.00 49.33 38.10 33.86
Financial Measures (%) (a)
Five-year average total shareholder return 12.9 7.3 3.8 7.5 7.9 7.4 11.6 12.5 12.9 7.9 14.3
Diluted earnings per share growth 29.3 46.2 35.1 5.6 +100.0 (21.7) (48.2) (2.7) 28.4 0.8 (18.2)
Diluted cash earnings per share growth 26.6 41.4 37.3 5.3 +100.0 (20.5) (48.7) (2.6) 26.9 (1.0) (15.6)
Return on equity 17.9 18.0 15.2 14.3 14.6 12.9 11.6 14.5 16.4 13.4 13.8
Cash return on equity 18.5 18.8 15.9 15.1 15.4 13.8 12.2 15.2 17.1 14.2 14.8
Net economic profit growth 74.1 100+ 100+ 6.7 +100.0 (54.6) (88.2) (21.4) 91.8 (15.2) (43.3)
Net income growth 28.9 45.6 36.1 7.1 +100.0 (22.0) (50.4) (10.5) 28.8 (3.7) (20.8)
Revenue growth 5.4 8.9 (0.6) 5.1 17.3 (4.1) (10.5) 0.6 4.7
– 2.3
Non-interest expense-to-revenue ratio 64.0 63.7 67.2 67.9 70.1 69.4 66.4 66.3 65.7 68.1 64.0
Provision for credit losses as a % of average
net loans and acceptances 0.25 0.24 0.32 0.39 0.43 0.44 0.87 0.49 0.30 0.56 0.66
Gross impaired loans and acceptances as a %
of equity and allowance for credit losses 12.15 12.91 14.88 14.66 15.16 13.55 14.19 14.64 12.15 15.16 14.17
Cash and securities-to-total assets 29.1 28.6 26.3 25.4 24.9 24.2 26.0 25.2 29.1 24.9 23.1
Tier 1 ratio 9.55 9.21 9.10 9.05 8.80 8.72 8.61 8.87 9.55 8.80 8.15
Credit rating
Standard & Poor’s AA
– AA – AA – AA – AA – AA – AA – AA – AA – AA – AA –
Moody’s Aa3 Aa3 Aa3 Aa3 Aa3 Aa3 Aa3 Aa3 Aa3 Aa3 Aa3
Table 28 Other Statistical Information
As at October 31 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Other Information
Employees (a) 33,993 34,568 34,693 33,884 33,464 33,400 34,286 33,468 33,341 34,769
Bank branches 1,142 1,134 1,129 1,135 1,198 1,216 1,246 1,296 1,245 1,248
Automated banking machines (Canada) 2,023 2,000 1,982 1,987 2,039 2,069 2,035 2,017 1,763 1,708
Rates
Average Canadian prime rate (%) 4.69 4.15 6.55 7.05 6.49 6.44 4.80 6.67 8.58 6.42
Average U.S. prime rate (%) 4.17 4.79 7.68 9.18 8.00 8.59 8.51 8.49 8.89 6.69
Canadian/U.S. dollar exchange rates ($)
High 1.59 1.61 1.49 1.44 1.45 1.40 1.33 1.34 1.33 1.29
Low 1.30 1.51 1.59 1.53 1.56 1.58 1.41 1.38 1.42 1.40
Average 1.44 1.57 1.54 1.48 1.50 1.46 1.37 1.37 1.38 1.36
End of period 1.32 1.56 1.59 1.52 1.47 1.54 1.41 1.34 1.34 1.35
(a)
Reflects full-time equivalent number of employees, comprising full-time and part-time employees
and adjustments for overtime hours.
(a) All quarterly ratios have been annualized.
In the opinion of Bank of Montreal management, information that is derived from unaudited financial information, including information as at and for interim periods, includes all
adjustments necessary for a fair presentation of such information. All such adjustments are of a normal and recurring nature. Financial ratios for interim periods are stated on an
annualized basis where appropriate, and the ratios, as well as interim operating results, are not necessarily indicative of actual results for the full fiscal year.