Bank of Montreal 2010 Annual Report Download - page 98

SUPPLEMENTAL INFORMATION
Supplemental Information
96 BMO Financial Group 193rd Annual Report 2010
Table 1: Shareholder Value
As at or for the year ended October 31 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Market Price per Common Share ($)
High 65.71 54.75 63.44 72.75 70.24 62.44 59.65 50.26 40.65 44.40
Low 49.78 24.05 35.65 60.21 56.86 53.05 49.28 37.79 31.00 32.75
Close 60.23 50.06 43.02 63.00 69.45 57.81 57.55 49.33 38.10 33.86
Common Share Dividends
Dividends declared per share ($) 2.80 2.80 2.80 2.71 2.26 1.85 1.59 1.34 1.20 1.12
Dividends paid per share ($) 2.80 2.80 2.80 2.63 2.13 1.80 1.50 1.29 1.18 1.09
Dividend payout ratio (%) 58.8 91.8 74.0 64.8 43.0 39.1 35.2 38.2 44.0 40.8
Dividend yield (%) 4.6 5.6 6.5 4.3 3.3 3.2 2.8 2.7 3.1 3.3
Total Shareholder Return (%)
Five-year average annual return 5.9 1.8 0.9 14.2 19.1 13.8 18.9 12.9 7.9 14.3
One-year return 26.4 25.1 (27.9) (5.8) 24.1 3.7 20.0 33.4 16.2 (1.2)
Common Share Information
Number outstanding (in thousands)
End of period 566,468 551,716 504,575 498,563 500,726 500,219 500,897 499,632 492,505 489,085
Average basic 559,822 540,294 502,062 499,950 501,257 500,060 501,656 496,208 490,816 511,286
Average diluted 563,125 542,313 506,697 508,614 511,173 510,845 515,045 507,009 499,464 523,561
Number of shareholder accounts 36,612 37,061 37,250 37,165 38,360 40,104 41,438 42,880 44,072 45,190
Book value per share ($) 34.09 31.95 32.02 28.29 28.89 26.48 24.20 22.09 21.07 19.69
Total market value of shares ($ billions) 34.1 27.6 21.7 31.4 34.8 28.9 28.8 24.6 18.8 16.6
Price-to-earnings multiple
(based on diluted EPS) 12.7 16.3 11.4 15.3 13.5 12.5 13.1 14.3 14.2 12.7
Price-to-cash earnings multiple
(based on diluted cash EPS) 12.5 15.9 11.2 15.1 13.3 12.1 12.6 13.7 13.5 11.8
Market-to-book value multiple 1.77 1.57 1.34 2.23 2.40 2.18 2.38 2.23 1.81 1.72
Table 2: Summary Income Statement and Growth Statistics ($ millions, except as noted)
5-year 10-year
For the year ended October 31 2010 2009 2008 2007 2006 CAGR (1) CAGR (1)
Income Statement
Net interest income 6,235 5,570 5,072 4,829 4,732 5.5 4.3
Non-interest revenue 5,975 5,494 5,133 4,520 5,253 3.4 3.3
Total revenue 12,210 11,064 10,205 9,349 9,985 4.4 3.8
Provision for credit losses 1,049 1,603 1,330 353 176 nm nm
Non-interest expense 7,590 7,381 6,894 6,601 6,353 3.7 3.7
Income before provision for income taxes and
non-controlling interest in subsidiaries 3,571 2,080 1,981 2,395 3,456 1.4 2.4
Provision for (recovery of) income taxes 687 217 (71) 189 717 (4.7) (3.6)
Non-controlling interest in subsidiaries 74 76 74 75 76 5.2 15.5
Net income 2,810 1,787 1,978 2,131 2,663 3.2 4.8
Year-over-year growth (%) 57.2 (9.7) (7.2) (20.0) 11.2 na na
Earnings per Share (EPS) ($)
Basic 4.78 3.09 3.79 4.18 5.25 0.2 3.8
Diluted 4.75 3.08 3.76 4.11 5.15 0.5 3.9
Year-over-year growth (%) 54.2 (18.1) (8.5) (20.2) 11.2 na na
Diluted Cash Earnings per Share (Cash EPS) ($) (2) 4.81 3.14 3.83 4.18 5.23 0.1 3.6
Year-over-year growth (%) 53.2 (18.0) (8.4) (20.1) 9.4 na na
(1) Compound annual growth rate (CAGR) expressed as a percentage.
(2) This is a non-GAAP measure. Refer to the Non-GAAP Measures section on page 91.
nm – not meaningful
na – not applicable
Throughout this Supplemental Information section, certain amounts for years prior to 2004 have not been restated to reflect changes in accounting policies in 2006 as the changes
were not significant.
Supplemental Information