Bank of Montreal 2012 Annual Report Download - page 104

Supplemental Information
Table 2: Summary Income Statement and Growth Statistics ($ millions, except as noted)
For the year ended October 31 2012 2011 2010 2009 2008
5-year
CAGR
10-year
CAGR
Income Statement – Reported Results
Net interest income 8,808 7,474 6,235 5,570 5,072 12.8 6.5
Non-interest revenue 7,322 6,469 6,004 5,494 5,133 10.1 6.4
Total revenue 16,130 13,943 12,239 11,064 10,205 11.5 6.5
Provision for credit losses 765 1,212 1,049 1,603 1,330 nm nm
Non-interest expense 10,238 8,741 7,619 7,381 6,894 9.2 5.4
Income before provision for income taxes 5,127 3,990 3,571 2,080 1,981 16.4 11.2
Provision for (recovery of) income taxes 938 876 687 217 (71) 37.8 9.2
Non-controlling interest in subsidiaries (1) na na 74 76 74 nm nm
Net income 4,189 3,114 2,810 1,787 1,978 13.7 11.6
Attributable to bank shareholders 4,115 3,041 2,810 1,787 1,978 14.1 11.6
Attributable to non-controlling interest in subsidiaries 74 73 na na na nm nm
Net income 4,189 3,114 2,810 1,787 1,978 13.7 11.6
Income Statement – Adjusted Results
Net interest income 8,029 7,248 6,235 5,570 5,072 10.7 5.5
Non-interest revenue 7,038 6,494 6,004 6,015 5,521 5.2 7.2
Total revenue 15,067 13,742 12,239 11,585 10,593 7.9 5.7
Provision for credit losses 471 1,108 1,049 1,543 1,070 nm nm
Non-interest expense 9,513 8,453 7,583 7,220 6,852 7.9 6.1
Income before provision for income taxes 5,083 4,181 3,607 2,822 2,671 7.9 7.2
Provision for (recovery of) income taxes 991 906 691 450 158 10.7 (0.4)
Non-controlling interest in subsidiaries (1) na na 74 76 74 nm nm
Adjusted net income 4,092 3,275 2,916 2,372 2,513 7.3 10.5
Attributable to bank shareholders 4,018 3,202 2,916 2,372 2,513 6.9 10.3
Attributable to non-controlling interest in subsidiaries 74 73 na na na nm nm
Adjusted net income 4,092 3,275 2,916 2,372 2,513 7.3 10.5
Earnings per Share (EPS) ($)
Basic 6.18 4.90 4.78 3.09 3.79 8.1 8.5
Diluted 6.15 4.84 4.75 3.08 3.76 8.4 8.7
Adjusted diluted 6.00 5.10 4.81 4.02 4.67 2.0 7.5
Year-over-Year Growth-Based Statistical Information (%)
Net income growth 34.5 8.0 54.8 (9.2) (7.0) na na
Adjusted net income growth 24.9 12.3 22.9 (5.6) (12.8) na na
Diluted EPS growth 27.1 1.9 54.2 (18.1) (8.5) na na
Adjusted diluted EPS growth 17.6 6.0 19.7 (13.9) (14.0) na na
2010 and prior based on CGAAP. Five and ten year CAGR based on CGAAP in 2007 and 2002, respectively, and on IFRS in 2012. 2011 growth rates based on CGAAP in 2010 and IFRS in 2011.
(1) Prior to 2011, under CGAAP, non-controlling interest in subsidiaries was deducted in the determination of net income.
nm – not meaningful
na – not applicable
BMO Financial Group 195th Annual Report 2012 101